- Perspectives
BAORESS @53: A journey full of testimonies, By Raheem Akingbolu
Peter, NOT Peter the Apostle; but Peter, the hero of Hugh Walpole’s novel, FORTITUDE, said: ‘It isn’t life that matters; but the courage you bring to it.’ This, perhaps, summarizes the events that have consistently shaped the life of today’s birthday ‘girl’ and the wife of Ekiti State Governor, Dr. Olayemi Oyebanji. Two weeks ago, precisely on Thursday, 19th October,…
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Ajaero and his pursuit of personal political agenda in Imo State, By Bayo Onanuga
At the prompting of NLC leader Joe Ajaero, supporters of the Labour Party masquerading as workers on Wednesday blocked the major highway to Nnamdi Azikiwe International Airport in Abuja. For more than four hours early morning travellers were held in the traffic as Ajaero’s party men turned the highway into a bedlam, claiming they were avenging the attack on Ajaero…
Read More » - Economy
Nigeria’s banks see 20% surge in foreign currency deposits amid naira devaluation
The amount of foreign currency in the domiciliary accounts of Nigeria’s commercial and merchant banks increased by over 20 percent in June, a data from the Central Bank of Nigeria (CBN) revealed. Most of these deposits are in dollars and they rose from N10.72 trillion in May to N17.65 trillion in June, the CBN data revealed. In dollar terms, they…
Read More » - Economy
PHOTO NEWS: Keyamo holds retreat for aviation ministry top management staff
Minister of Aviation and Aerospace Development, Festus Keyamo led top management staff of the ministry for a retreat in Warri, Delta State Keyamo said the retreat was to ensure that the Ministry’s agenda is cascaded to plans and projects. He said, “Following a successful Ministerial Retreat last week with Mr. President, yesterday, in Warri, Delta State, I began a retreat…
Read More » - Economy
Afreximbank plans US$1bn fund for creative industry
Bolaji Adebiyi in Cairo Egypt Pan African bank, Afreximbank, plans to boost the creative industry in Africa with US$1bn by next year. The fund, according to Kanayo Awani, the bank’s vice president, Intra-African Trade, is targeted at film production to acelerate the growth of the continent’s creative sector. Although, UNESCO says the film, and audiovisual industries in Africa employ five…
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PHOTO NEWS: Sanwo-Olu attends Africa Investment Forum in Marrakech, Morocco
Lagos State Governor Babajide Sanwo-Olu was part of the participants at the Africa Investment Forum in Marrakech, Morocco. The forum is a multi-stakeholders platform that advances infrastructure investment and raises capital for city projects
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NEITI: NNPC, FIRS revenue contributions drop by 56%, 10%
The Nigeria Extractive Industries Transparency Initiative (NEITI) has published its latest report on the Fiscal Allocation and Statutory Disbursement (FASD) for the period 2020 and 2021. The report shows that the revenue contributions of the Nigerian National Petroleum Company (NNPC) and the Federal Inland Revenue Service (FIRS) to the Federation Account fell by 56 per cent and 10 per cent…
Read More » - Development
ACDJ launches Inequalities Reporting Fellowship for 12 Nigerian journalists
The Africa Centre for Development Journalism (ACDJ) has announced the commencement of its 2023 Inequalities Reporting Fellowship, a program that aims to enhance the skills and knowledge of journalists to cover issues of inequality in Nigeria. The Fellowship, which includes training, mentorship, and a grant to produce a special Inequalities report, has selected 12 journalists from various media outlets across…
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NLC/TUC cannot be a law unto themselves, By Nelson Ekujumi
Following from the hazy events sorrounding the NLC protest or is it labour party campaign rally of November 1 2023 in Owerri the Imo state capital, the Nigeria Labour Congress raised an alarm that it’s president Joe Ajaero had been abducted by operatives of the Nigeria police force and issued an ultimatum for his release within 24 hours, failure which…
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INEC, security agencies, politicians and the forthcoming polls, By Bolaji Adebiyi
The future of Bayelsa, Imo, and Kogi States must be determined by their citizens, writes Bolaji Adebiyi After the 2023 general election, the Independent National Electoral Commission did an introspection, reviewing with stakeholders in the month of July, the conduct and the outcome of the poll. Although there had been a widespread critique of the outcome of the election, particularly by…
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