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One of Nigeria's main oil and gas unions will join a nationwide strike starting on Oct. 3 to protest against government policies that are causing economic hardship for Nigerians, union leaders said on Thursday. Nigeria is Africa's largest oil producer and relies on the commodity for around 90% of foreign exchange earnings and about half its budget. Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) directed its members to ensure "unwavering compliance" with the indefinite strikecalled by Nigeria's two biggest workers union federations. NUPENG represents a myriad of workers across the entire value chain in the oil and gas…
There was a protest on Thursday at the headquarters of the federal ministry of works and housing in Abuja, after Dave Umahi, the minister, locked out some staff for coming late to work. According to multiple reports, Umahi who got to the ministry’s complex ahead of some directors and staff in the morning, denied them access to their respective offices. “The minister got to work and discovered that some directors and other staff had not reported to work so he locked them outside,” Kelechi Boms, a journalist, told TheCable. Boms added that the workers were later granted access to the…
Federal Government has declared Monday, October 2, as a public holiday in commemoration of the nation’s 63rd Independence Day celebration. The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this in a statement on Thursday by the ministry’s Permanent Secretary, Oluwatoyin Akinlade. Tunji-Ojo assured Nigerians of the Federal Government’s continued commitment to surmounting the challenges facing the country. “It is today a known fact that difficult socioeconomic and security challenges are global and Nigeria is not isolated,” the minister said. He, however, said the government was daily making efforts to address “these varied and numerous challenges with all the might available until…
Afrexim Bank is tapping oil traders to finance a $3 billion loan to Nigeria's state oil company that is central to the country's efforts to support the naira, three sources told Reuters. The currency hit an all-time low of 1,000 to the dollar on the black market on Tuesday. Afrexim approached traders in recent weeks seeking their interest in funding the oil-backed loan to state oil company NNPC LTD, the sources said. It is working to craft terms to offer to the trading houses. "There is a lot of interest, but they need to see terms," one oil executive close…
Burkina Faso's military junta said on Wednesday that a coup attempt had been thwarted the previous day by security and intelligence services, without providing specifics on what had happened. In a statement it said officers and others had plotted to destabilise the country with "the dark intention of attacking the institutions of the Republic and plunging our country in chaos." It did not identify anyone but said some arrests had been made and searches continued for others. "Investigations will help unmask the instigators of this plot," it said. The military prosecutor later said four people had been detained and two…
Nigeria’s local currency, the naira, has set a new record, falling to its lowest against the dollar at the parallel market. Currency traders in Lagos, also known as Bureaux De Change operators (BDCs), quoted the naira at N1,000 to the greenback at the street market. The traders, on Tuesday, put the buying price of the dollar at N990 and the selling price at N1,000 — leaving a profit margin of N10 . The figure represents a depreciation of N7 or 0.7 percent from the N993/$ it traded on Monday. A BDC operator simply known as Atiku, in Ishaga, said he…
Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) of Nigeria have declared an indefinite strike, which will begin on October 3, 2023. NLC president Joe Ajaero and Festus Osifo, president of TUC, said this after their separate Emergency National Executive Council (INEC), meeting in Abuja on Tuesday. In a communique read by the two Presidents, the indefinite strike was due to the alleged insensitivity of the government to the sufferings of Nigerians as a result of the removal of petrol subsidy. Also, the decision to go on the indefinite strike was reached due to the continuous demonstration of…
Director of Press and Information of the Supreme Court, Festus Akande, has said the fire incident that gutted part of the court’s building did not affect the presidential election petition tribunal. Fire engulfed some sections of the apex court in the Federal Capital Territory on Monday. The incident was put under control by the police and firefighters. Speaking with journalists, Akande said only one chamber of the Supreme Court was affected by the fire, which was subsequently doused. Akande said, “What was destroyed in that chamber were books, stationery, and other computer gadgets. The books are replaceable because we have…
Tuesday, 26 September 2023 04:59

FG declares public holiday for Eil-Ul-Maulid

Federal Government has declared Wednesday, September 27, 2023 as public holiday in commemoration of Eil-ul- Maulid celebration. The celebration signifies the birth of the Holy Prophet Muhammad (SAW). In a statement which the Permanent Secretary of the Ministry, Oluwatoyin Akinlade, issued on his behalf, Minister of Interior, Olubunmi Tunji-Ojo, congratulated Muslims for witnessing this year’s occasion. He also admonished them to imbibe the spirit of love, patience, tolerance and perseverance which are deep spiritual virtues that the Holy Prophet Muhammad (peace be upon him ) exemplified. The statement partly read, “The Minister congratulates all Muslim faithful both home and in…
Over two weeks after the Central Bank of Nigeria promised to clear over $10bn foreign exchange debts owed Deposit Money Bank, the apex bank has yet to do so. This came as the naira was sold between 990/$ and 995/$ by Bureau De Change operators on Friday and Saturday in Lagos, Abuja and Kano. On the Investor & Exporter forex window, the naira however appreciated to 747.76/$ on Friday, from 772.98/$ on Thursday. The immediate past acting CBN Governor, Folashodun Shonubi, on September 6, 2023, said the apex bank had concluded negotiation on dollar debts with commercial banks, disclosing that…
June 09, 2025

Nigerian energy firm achieves 200,000 barrels daily output after Shell acquisition

Renaissance Africa Energy Company Limited (RAEC) announced it has successfully increased crude oil production beyond…
June 09, 2025

Northern leaders criticize Tinubu for focusing on 2027 re-election instead of national challenges

The Arewa Consultative Forum (ACF) has criticized President Bola Tinubu and the ruling All Progressives…
June 09, 2025

The two kinds of people in the world - and why it matters for leadership

Robert E. Siegel One provocative assertion I often make when teaching is that there are…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 09, 2025

Here’s the latest as Israel-Hamas war enters Day 612

Israel reveals tunnel under Gaza hospital, says body of Sinwar's brother found there The Israeli…
June 08, 2025

Let God back into the lab: Why science without God is failing us

David Rives In recent decades, a subtle and sinister revolution has occurred in our scientific…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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