An online news medium, Nairametrics stirred a little controversy last weekend when it inaccurately reported that the federal government has awarded the contract for the construction of the approximately 700 kilometres Lagos-Calabar coastal highway to Hitech Construction Company. Many commentators immediately starting seeking clarifications from the Minister of Works, Engr. Dave Umahi on how the contract was awarded and if due process and relevant procurement requirements were followed before the award. However, it is necessary to point out that a more critical analysis of the news report by Nairametrics would reveal that there was never a mention of an…
Author: Michael Chibuzo
Dr. Olayemi Cardoso today resumed office as the Acting Governor of the Central Bank of Nigeria (CBN) pending confirmation of his appointment by the Nigerian Senate. He took office in acting capacity days after President Bola Tinubu nominated him for the position. This change in leadership at the CBN followed the resignation of Godwin Emefiele from the position who was under suspension before now. The CBN revealed this in a statement signed by the Director of Corporate Communications, Isa AbdulMumin where it also stated that the Deputy-Governors-Designate have also assumed their roles in acting capacities following the resignations of…
Following the use of minimal force by the police to disperse the crowd that had gathered at the Lekki Tollgate last night after a candle light procession in honour of the late music artiste Mohbad had terminated at Muri Okunola Park in Victoria Island, Lagos, many false narratives started dominating the media space. In order to dispel such false narratives which are crafted by unscrupulous persons with the sole intent to cause discontent among the populace and possibly rile them into further actions, the Lagos State Police Command has released a statement stating what transpired. The statement, which was published…
The Lamidi Apapa faction of the Labour Party has queried its 2023 presidential candidate Mr. Peter Obi, to come clean on why he has refused to use the BSc certificate he claimed to have gotten from the Department of Philosophy of the University of Nigeria, Nsukka and instead preferred to submit his SSCE certificate to the party and subsequently, INEC. Chief Lamidi Apapa, whose faction of the Labour Party was recently affirmed by the Edo Division of the Court of Appeal as the authentic leadership of the party, said through the National Publicity Secretary of the party, Abayomi Arabambi…
President Bola Ahmed Tinubu, has stated that African nations will no longer accept a situation in which human rights advocacy is used by wealthy and powerful nations to stop developing economies from dealing decisively with malign actors who illicitly siphon and smuggle out the continent’s vast mineral resources while smuggling in western-made weapons, which enrich the wealthiest economies in the world at the parasitic expense of African stability and wealth creation. The President said this while meeting with United Nations Secretary-General, António Guterres, at his UN Headquarters Office in New York City. “We are facing the great challenge…
By Fanimokun Oluwasegun John David Hundeyin is a name I have come to unconsciously associate with fiction and Illusion. He calls himself an investigative journalist – a term so bastardized in the Nigerian media space to the point that fictional writers stay under the moonlight to manufacture tales, which they later wear the garment of breaking news and push down the willing throat of a hoard of unthinking mob. Watching his latest video appeal to the Ghanaian president simply reinforces my description of him. David Hundeyin in the past three years has not been content with restricting himself to…
President Bola Ahmed Tinubu is set to unveil a proposed new minimum wage for Nigerian workers next week. This is according to the President of the Trade Union Congress (TUC), Comrade Festus Osifo, who made this known when he appeared on Channels TV program, ‘Politics Today’ on Tuesday. This marks a breakthrough in negotiations between the Federal Government and Labour unions and is coming on the heels of a crucial meeting held between one of the Labour Unions, the TUC and the federal government to discuss issues surrounding the removal of fuel subsidies and efforts to cushion the impact of…
The Executive Director of Dangote Group, Devakumar Edwin has stated that the Dangote Refinery will start diesel and jet fuel refining operations by October 2023 and petrol refining by November 2023. Devakumar Edwin made the statement during an interview with S&P Global Commodity Insights yesterday. According to him, the Dangote refinery will receive its first cargo of crude in the next two weeks and will begin producing up to 370,000 barrels per day of diesel and jet fuel from October 2023. He also noted that by November 30, the refinery will start the phased ramp-up to 650,000 barrels per day…
President Bola Ahmed Tinubu was sworn in three months ago and immediately hit the ground running with a raft of bold economic decisions most notably, the removal of fuel subsidy and the floating of the Naira following the unification of the foreign exchange multiple windows of the CBN. These bold decisions sent strong and clear signals to observers within and outside the country that Nigeria was now ready to deal with its perennial economic demons. The twin steps of fuel subsidy removal and foreign exchange market reforms brought about immediate spike in the cost of living of Nigerians for…
Yesterday, I once again laboured to watch the presentation of the former Governor of my dear state, Anambra in Bangladesh at a Commonwealth Trade and Investment Forum during a panel discussion on formalising and internationalising SMEs. Mr. Peter Obi in his usual manner of reeling out both necessary and unnecessary figures and statistics to impress his audience found himself struggling to remain coherent. From the look on the faces of the audience and panelists during Mr. Peter Obi’s presentation, one could see a feeling of ‘what’s this man saying exactly!’ written all over them especially when he struggled to…