CHIEF OF NAVAL STAFF REFUSES TO HAND OVER; INSISTS ON PAYING BILLIONS TO CONTRACTORS
Naval chief Awwal Zubairu Gambo has remained in office and rejected pleas to hand over power to his successor Ikechukwu Ogalla, two days after President Bola Tinubu approved changes at…
SERAP VOWS TO SUE TINUBU GOVERNMENT OVER PROPOSED SALARY INCREMENT
Socio-Economic Rights and Accountability Project, SERAP, vowed to sue President Bola Tinubu’s administration if it implements the proposed 114 percent salary increment for elected office holders in the country. SERAP, which…
INTEREST RATE RISE EXPECTED AFTER UK INFLATION SHOCK
Interest rates are expected to rise again after UK inflation remained stuck at a much higher level than expected for the fourth month in a row. Inflation was 8.7% in…
NAIRA DEVALUATION PUSHES NIGERIA’S EXPORT TO N42TN
The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria, CBN floating of the naira. The apex bank had last Wednesday…
FORMER WORLD BANK PRESIDENT HAILS TINUBU
A former President of the World Bank, David Malpass, has lauded the economic strategies employed by President Bola Tinubu since assuming office on May 29. Malpass took to his official Twitter…
NMDPRA APPROVES SIX FIRMS TO IMPORT PETROL
Nigeria Mainstream and Downstream Petroleum Regulatory Authority, NMDPRA has granted licenses to six firms, to import premium motor spirit (PMS) popularly called petrol, into the country effective from July. This is…
PRESIDENT ZELENSKY ADMITS SLOW PROGRESS IN UKRAINE OFFENSIVE
President Volodymyr Zelensky has acknowledged battlefield progress has been "slower than desired", weeks into Ukraine's military offensive to recapture areas occupied by Russia. Ukraine says its counter-offensive has reclaimed eight…
NEMA RECEIVES OVER 100 DISTRESSED NIGERIANS FROM LIBYA
National Emergency Management Agency (NEMA) yesterday received another batch of 102 distressed Nigerians who returned from Tripoli, Libya. The returnees who were mostly young women were assisted home by the…
