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A state of equilibrium or stability between different elements or factors.
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has debunked reports that he would embark on a demolition spree targeting 6000 houses across 30 settlements in Abuja and the Wadata Plaza. He clarified that he did not list any areas or numbers of illegal houses to be removed in the FCT.
The Abia State Government has commenced the distribution of Federal Government palliatives in the state. The distribution is targeted at the poorest of the poor and the vulnerable. Government appointees will not benefit from the palliatives. The sharing process has been described as transparent, and plans are in place to ensure that the most vulnerable persons receive the relief materials.
Human rights activist and former lawmaker Senator Shehu Sani has raised concerns about the People's Democratic Party (PDP) as its presidential candidate, Atiku Abubakar, continues to contest the election results in court while a top party member, Nyesom Wike, joins the ruling All Progressives Congress (APC) administration as a Minister. This move has sparked debates about the PDP's strength and integrity. Senator Sani questioned the party's consistency and urged Wike to be cautious in his new role.
The Naira, Nigeria's currency, is facing further depreciation as prices may hit N1000 in the near future. This prediction comes from Lukman Otunuga, a Senior Market Analyst at FXTM. Otunuga points out that inflationary pressures in Nigeria remain high, with the current annual inflation rate standing at 22.8 percent. The Central Bank of Nigeria may need to take action at its next policy meeting to control inflation, but this could have a negative impact on economic growth. Otunuga also discusses the weakening of the Dollar, potential shifts in Federal Reserve monetary policy, and the outlook for oil prices.
Nigeria's successful containment of the deadly Ebola outbreak in West Africa in 2014 is attributed to its quick response and proactive measures undertaken by its Centers for Disease Control. While the government has shifted its focus to monkeypox, ProPublica's recent investigation highlights the need for health officials to adopt a proactive approach rather than relying solely on post-outbreak data. By utilizing an AI algorithm, researchers have identified potential hotspots for disease transmission, emphasizing the importance of careful inspection of natural reservoir zones.
A social-political forum, Arewa New Agenda (ANA), has urged Chief Audu Ogbe to set aside sectarian tendencies and use his vast experience to strengthen unity in the Northern region. This call comes after Chief Ogbe criticized Senator George Akume, the Secretary to the Government of the Federation (SoGF), leading to unnecessary attacks. ANA emphasizes that Senator Akume's appointment is a northern appointment that contributes to the stability of Nigeria. They urge Chief Ogbe to retract his statement and avoid distracting the administration from its governance duties.
West Africa's ECOWAS bloc is planning to send a parliamentary committee to Niger in a last-ditch effort to restore civilian rule after the recent military coup. The coup leaders have rejected diplomatic efforts, raising concerns about further conflict in the region. The role of global powers with strategic interests in West and Central Africa, such as Russia, is also at stake. This article explores the potential implications of ECOWAS' mission and the growing influence of Russia in the region.
An APC member, Adamu Garba, has urged Nigerian President Bola Tinubu to prioritize domestic affairs and not be swayed by the expectations of ECOWAS. Garba criticized the regional bloc, referring to it as an "empty shell" without Nigeria. He emphasized the need for Nigeria to focus on its own challenges and called on ECOWAS member states to address their internal issues.
Jobberman Nigeria has teamed up with EbonyLife Creative Academy to launch a groundbreaking short-film competition for content creators in Nigeria. The competition aims to capture key findings from Jobberman's report on how young people survive without jobs. Winners will receive N2 million in cinematography equipment and videography masterclasses. This initiative is part of the MasterCard Foundation's Young Africa Works strategy, which seeks to create economic opportunities for young Nigerians in the creative sector and digital economy.
Fidelity Bank has achieved remarkable financial success, with its profit before tax reaching a five-year high. The bank's impressive growth in gross earnings and interest income, driven by a combination of improved yield on earning assets and loan expansion, has contributed to its stellar performance. As a result, Fidelity Bank has proposed a final dividend payment for the year 2022. The bank's strong financial performance positions it as a key player in the Nigerian banking industry.
Leaders in the Economic Community of West African States (ECOWAS) are being called upon to implement the preventive policies of the African Union (AU) in response to the recent coup d'etat in Niger Republic. Engineer Osereme Omofoma, a senatorial candidate for the Labour Party, emphasizes the need for interventions to ensure the legitimacy of democratic processes in various nations. The situation presents a troubling dilemma for Niger's neighbors, who must find a way to restore the democratically elected government without resorting to war after General Abdourahmane Tchiani declared himself as the new head of state. This article highlights the importance of conflict resolution and the role of preventive diplomacy in maintaining peace and stability in West Africa.
Renowned Nigerian singer Peter Okoye, also known as Mr P, has criticized the Economic Community of West African States (ECOWAS) for its decision to intervene in the Niger Republic following a military coup. In a tweet, Okoye expressed his disapproval, highlighting the complexities surrounding international intervention in African nations.
The Central Bank of Nigeria (CBN) has released its financial report for 2022, showcasing a profit of N65.63 billion. The report also highlighted a controversial N23.18 trillion loan granted to the Federal Government, surpassing the statutory limit by N22.9 trillion. The bank's group performance resulted in a profit of N103.85 billion for the same year.
The Kogi State chapter of the Social Democratic Party has called on Governor Yahaya Bello to provide evidence of the alleged defection of executive members of the party to the ruling All Progressives Congress. The SDP described the claim as a "despicable canard campaign" and refuted the media report.
Renowned Nigerian singer Peter Okoye, also known as Mr P, has criticized the recent decision by the Economic Community of West African States (ECOWAS) to intervene in the Niger Republic's political crisis. Okoye's remarks reflect the ongoing debate over regional intervention and its impact on African sovereignty. This article delves into the concerns raised by the singer and the broader discussion surrounding external influence in African nations' internal affairs.
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