The 2023 presidential candidate of the Labour Party (LP), Peter Obi, has condemned the Nigerian government’s handling of pension payments, describing the country as one that had lost its sense of humanity and compassion. Obi expressed his concerns in a statement posted on his X page on Sunday.   He made this remark while reacting to an incident involving an elderly woman who struggled while interacting with the management and students…

China’s movie box office took in record revenue during the Lunar New Year holiday, as sequels to popular Chinese hits drew theatregoers at a time when other types of spending have suffered during a period of relatively sluggish economic growth. Box office revenue for the four days of the week-long holiday starting Jan. 29 topped 5.74 billion yuan ($791.65 million), exceeding the previous high of 5.73 billion yuan in 2021,…

The Federal Government (FG) has reaffirmed its commitment to restructuring and recapitalizing the Bank of Agriculture (BoA) as part of a broader strategy to boost the economy and enhance food security.  The move is expected to strengthen the agricultural sector, stabilize food prices, and contribute to long-term economic stability. At a progress report meeting held during the week, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, emphasised…

Beijing attacks ‘arbitrary’ moves and says it will file WTO lawsuit Beijing has hit out at new 10 per cent tariffs imposed by the US on Chinese exports, saying it will “take necessary countermeasures to defend its rights and interests” as trade tensions between the two powers enter a new phase. The Ministry of Foreign Affairs said on Sunday that China opposed the tariffs, which it said were introduced “under…

By Damilola Olufemi The Dangote Petroleum Refinery has reduced the loading price of Premium Motor Spirit (PMS), also known as petrol from N950 to N890. The refinery’s spokesperson, Anthony Chiejina, made this known in a statement on Saturday, adding that the reduction takes effective from Saturday, 1st February 2025. He noted that the strategic adjustment is a direct response to the positive outlook within the global energy and gas markets,…

The Lagos State Government has reiterated its zero-tolerance policy on child trafficking, warning that the buying and selling of children will not be condoned under any circumstances. In a post shared on the government Facebook page today, it acknowledged that at a press briefing on Friday, Honourable Commissioner for Youth and Social Development, Mr. Mobolaji Abubakre Ogunlende, praised the Nigeria Police Force for successfully rescuing five children from a notorious…

Kwara State Governor, AbdulRahman AbdulRazaq, has appointed the Olupo of Ajase-Ipo and Chancellor of the Kwara State University of Education, Oba Ismail Yahya Alebiosu, as the leader of the state’s delegation for the 2025 Hajj.   In a series of key appointments, the governor also named Alhaji Lateef Oloyin as the new Principal Private Secretary (PPS). Oloyin, a seasoned administrator, politician, and community leader, has a strong background in economics, taxation,…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has expressed concern over Nigerians’ contradictory stance on corruption. While many decry corrupt leadership, he noted, they often rally behind the same leaders when they face prosecution. Speaking in Abuja during a visit by officials of the Centre for Crisis Communication (CCC), led by Chris Olukolade, Olukoyede emphasised that national development would only be possible if all citizens…

The trial of former acting Accountant-General of the Federation, Chukwunyere Nwabuoku began on on 31 January, before Justice James Omotosho of the Federal High Court in Abuja.   Prosecution counsel Ekele Iheanacho, representing the Economic and Financial Crimes Commission (EFCC), presented two witnesses who detailed how Nwabuoku allegedly siphoned funds from the Ministry of Defence using multiple accounts.   Nwabuoku, a former Director of Finance and Accounts at the ministry, is facing…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has emphasised the bank’s commitment to combating inflation and stabilizing the nation’s economy. Speaking in Abuja at the Monetary Policy Forum 2025, which brought together fiscal authorities, legislative members, private sector representatives, development partners, experts, and scholars, Cardoso outlined the bank’s ongoing efforts to achieve economic stability. Addressing the theme, ‘Managing the Disinflation Process,’ the CBN governor reiterated the…

The Lagos State Ministry of Youth and Social Development (MYSD) has reaffirmed its commitment to strategic collaboration with various sectors to create an enabling environment for young people to maximize their potential. Commissioner for MYSD, Mobolaji Ogunlende, made this declaration at a three-day retreat organised for the Ministry’s Technical Working Group (TWG) at the Providence Hotel, Ikeja.   Speaking at the event, Ogunlende emphasised the critical role of youth in Lagos,…

Obasa’s impeachment deepens APC crisis as opposition parties woo him. He seeks Tinubu’s help, while supporters push for reinstatement amid rising tensions. The removal of former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, continues to create divisions within the All Progressives Congress (APC) in Lagos State. The impeachment, which took place on January 13, 2025, was carried out by a majority of lawmakers who accused Obasa of…