…as 25yr old Bamidele Mofiyinfoluwa emerge winner of #OneNigeria/UnityFabric Competition First Lady of Nigeria, Senator Oluremi Tinubu has unveiled the #OneNigeria/UnityFabric, which she described as a symbol of national unity. The fabric was designed by 25 year old Miss Mofinyinfoluwa Bamidele a graduate from the University of Ibadan. Bamidele, who went home with a prize of N25 million, emerged the winner of a fabric designs competition, organised by the Renewed Hope Initiative (RHI), chaired by First Lady Senator Oluremi Tinubu. The First Lady, in her keynote address at the unveiling of the #OneNigeria/UnityFabric and announcement of the winner of the…
Author: Michael Chibuzo
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 32.15 percent in August – the second consecutive decline recorded in 2024. The NBS in its consumer price index (CPI) report for August, released on Monday revealed that the CPI, which measures the rate of change in prices of goods and services, declined by 2.22% on month-on-month basis compared to the rate recorded in July 2024. Also according to the NBS report, food inflation for the month of August dropped to 37.52% as prices of major food and non-alcoholic beverages continued to slow down. The headline inflation rate…
By Tunde Rahman By the time the Department of State Services released Nigeria Labour Congress President, Comrade Joe Ajaero, last Monday evening September 9, he had become contrite, remorseful and perhaps ashamed of his uninformed action. The labour leader was invited twice by the secret police and twice he failed to honour the invitation. As I learnt, during the second invitation, Ajaero even told the new DSS boss who telephoned him that he was traveling out of the country and could only honour the invitation on his return. What an insufferable arrogance! However, unbeknownst to him, at the behest of…
President Bola Tinubu has expressed delight at the strings of successful offensives being undertaken by the Nigerian military against bandits and other criminal elements in the North West who have been terrorising innocent citizens in the area. The President’s delight was conveyed in a press release by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. “President Bola Tinubu receives with relief, the news of the strings of successful operations against security threats in the north-west by troops of the Nigerian military”, the statement said. He added that the success of the operations gives further assurance that…
The Bayelsa State Government has awarded a N45 billion contract to construct a new 9-storey secretariat complex in the state capital, Yenagoa. This according to Governor Duoye Diri, is part of efforts of his administration to improve working conditions for civil servants in the state capital. This announcement was made during the 136th executive council meeting presided over by Governor Douye Diri, where the architectural blueprint of the building was presented to the council. The Bayelsa State Governor said the decision to build the new secretariat was in response to civil servants’ requests for more office space during the last…
In a landmark move towards reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this today in his office in Abuja shortly after the Technical Sub-Committee meeting on the sale of crude oil to local refineries in Naira According to a press statement signed by Mohammed Manga, the Director of Information and Public Relations in the…
Nigeria has witnessed a trade surplus of more than N12.15 trillion for the first six months of 2024. According to the Q2 2024 Foreign Trade Report released by the National Bureau of Statistics, Nigeria between January to June, 2024 exported goods and services worth N38.586 trillion and imported N26.44 trillion worth of goods and services within the same period. This amounts to a whooping combined trade surplus of N12.14 trillion for the Q1 and Q2 of 2024. For Q2 2024, Nigeria’s total merchandise trade stood at N31.89 trillion. For the quarter, total exports stood at N19.42 trillion, accounting for 60.89%…
The Minister of Federal Capital Territory (FCT), Nyesom Wike, has reacted angrily to the insinuation in some quarters that he is a political mole and outsider in the Peoples Democratic Party (PDP). He dared any PDP Governor or member of the National Working Committee of the party to openly say he is a mole or an outsider in the PDP. Nyesom Wike who was a guest on Channels TV flagship political programme, Politics Today said: “There is no governor today in the PDP, not anybody born of a woman can say I am an outsider. Who?” “I dare anybody in…
By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi who railed and fumed at the NNPC Ltd calling it one of the most opaque and unreliable companies in the world. Before then, The Punch had published an editorial in which it described the NNPC Ltd as a danger to Nigeria. The latest of these vitriolic attacks is by Dr. Muiz…
A chieftain of the Labour Party and Chairman of the Fundraising Team of the Obi-Datti Campaign Organisation, Aisha Yesufu has been caught in another financial scandal over usage of funds donated by Nigerians both at home and in the diaspora towards the presidential campaign of the Labour Party presidential candidate in the 2023 presidential election, Mr. Peter Obi. This latest financial scandal came to light following an escalation in the leadership crisis rocking the Labour Party after Mr. Peter Obi and Gov. Alex Otti ditched embattled national chairman of the party Julius Abure and constituted a National Caretaker Committee headed…