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Nigeria's Senate has urged President Bola Tinubu to prioritize diplomatic solutions over military intervention in the crisis in Niger. The resolution comes after a communication from Tinubu seeking support for the implementation of ECOWAS resolutions. The Senate's stance emphasizes the importance of regional stability and cooperation through dialogue and diplomacy.
The Nigerian Export Promotion Council (NEPC) is determined to boost non-oil export revenue to over $4.82bn in 2023, following the successful generation of the same amount in 2022. The NEPC reaffirms its commitment to promoting non-oil exports and safeguarding the nation's economy. Efforts will be made to provide training and support to Small and Medium Enterprises (SMEs) to enhance their competitiveness in the global market. The emphasis on product packaging and labelling is highlighted as essential for marketing made in Nigeria products in the export sector.
The Chairman of the Niger State Chapter of the All Progressive Congress (APC), Honourable Haliru Zakari Jikantoro, has tendered his resignation amidst the ongoing party crisis in the state. The resignation comes in the wake of a cold war between Governor Mohammed Umar Bago and his predecessor, Alhaji Abubarkar Sani. The party is currently grappling with internal conflicts, which have led to several high-profile resignations.
A major crisis erupts within the Indigenous People of Biafra (IPOB) organization as Aloy Ejimakor, the Special Counsel to detained leader Nnamdi Kanu, is sacked by the Directorate of State (DOS) of the State of Biafra. Kanu's family has denounced the action, stating that Ejimakor remains as Kanu's special counsel until instructed otherwise by Kanu himself.
The Northern Elders Forum (NEF) has distanced itself from a press statement issued by its Director of Publicity and Advocacy, Dr. Hakeem Baba Ahmed. The statement had criticized President Tinubu's administration for its handling of the country's current challenges. NEF's Director General, Prof. Doknan Sheni, clarified that the statement did not reflect the views of the forum and was not approved through the appropriate channels.
Nigerian President Bola Tinubu addresses the nation, urging calm and unity in the face of tough economic reforms implemented to stabilize the country's economy. Despite acknowledging the difficulties faced by citizens, Tinubu emphasizes the necessity of these measures for sustainable economic growth.
Lagos State Parks and Garages Administrators (LASPAGA) has appealed to the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to exercise patience with the Federal Government in regards to the planned protest. LASPAGA urges the public to support the government's decision to avoid the economic consequences of subsidy payment. The agency disassociates itself from the protests and strike action.
President Bola Ahmed Tinubu has approved the provision of buses to students bodies of all universities, polytechnics, and colleges of education across Nigeria. This move aims to ease the burden of the fuel subsidy removal on students and their families, allowing them to access their campuses without experiencing difficulties due to increased transportation costs. In addition, the President has directed the removal of restrictions on students' loans and urged authorities in Federal Institutions to avoid arbitrary fee increases. This article explores the President's commitment to supporting education and prioritizing the welfare of Nigerian students.
The Economic Community of West African States (ECOWAS) has issued a strong warning to the new military leaders in Niger. They have threatened to impose severe sanctions and even resort to violence if President Mohamed Bazoum, who was detained during the recent coup, is not released and reinstated within a week.
Seplat Energy, a Nigerian independent energy company, has announced its unaudited results for H1 2023. The company reported a 3.8% rise in revenue and declared a dividend. Despite the impact of the Naira devaluation, Seplat Energy's balance sheet remains strong, with a focus on improving operations and sustainability.
Transnational Corporation Plc (Transcorp Group) has announced its commendable financial results for the first half of 2023, showcasing significant growth across various sectors. The conglomerate's total revenue reached N82.1 billion, marking a 31% increase compared to the same period last year. With revenue growth in the power and hospitality sectors, Transcorp Group continues to solidify its position as a leading player in Nigeria's business landscape.
Guinness Nigeria Plc, a subsidiary of Diageo Plc, has reported an 11% increase in its topline revenue for its 2023 fiscal year despite facing severe macro-economic challenges. The company's strategic pricing and product mix deployment helped counter cost inflation, while an optimized route-to-consumer approach improved outlet coverage and distribution efficiency. However, rising inflation, currency devaluation, and forex illiquidity impacted the brewer's financial performance, resulting in an unrealized forex loss of N49.1 billion.
The Nigerian Employers Consultative Association (NECA) has called on the Nigeria Labour Congress (NLC) to reconsider their proposed strike and opt for dialogue instead. NECA's Director-General, Adewale Smatt Oyerinde, emphasized the need to protect Nigerians from further hardship and prevent a nationwide crisis. This news highlights the strained relationship between the government and organized labour, urging the need for respecting and relying on established institutions to arbitrate labour matters in the country.
A storm of controversy has erupted within the Indigenous People of Biafra (IPOB) following a handwritten letter by their leader, Nnamdi Kanu, calling for an end to all sit-at-homes in the southeast. Conflicting statements from key members of the movement have raised concerns about potential fractures within IPOB.
President Bola Tinubu has unveiled a comprehensive restructuring plan for Nigeria's federal ministries. This move aims to strengthen and reform the civil service and improve service delivery in key sectors such as education, works and housing, and transportation. While experts have expressed varied views on the restructuring, there is hope that this ambitious reform will lead to a more streamlined and efficient administration.
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