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Students of the University of Ibadan, on Wednesday, staged a protest to express their grievances following the schedule of a 10-hour electricity supply on campus and a hike in tuition by the university management. It was gathered that the students were provoked by the announced 10-hour power supply, incessant tuition fees hikes, and introduction of what they termed “outrageous fees” by the authorities. The protest started in the late hours of Tuesday and continued on Wednesday with the students carrying placards at the front of the university gate. Our correspondent learnt that an internal memo addressed to the Chief Engineer…
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased to N750.17 in June — up from the N545.83 recorded in the same month last year. This signifies a 37.44 percent year-on-year increase, the NBS said in its report, tagged, ‘Premium Motor Spirit (Petrol) Price Watch (June 2024)’, released on Wednesday. “Likewise, comparing the average price value with the previous month (.i.e. May 2024), the average retail price decreased by 2.53% from N769.62,” the report reads. On the state profile analysis, NBS said Benue had the highest average retail price for petrol at…
At least one person was killed in renewed anti-government protests across Kenya on Tuesday, a Reuters reporter said, as police clashed with demonstrators demanding that President William Ruto step down. Youth-led protests that broke out a month ago against proposed tax hikeshave continued even after Ruto withdrew the legislation and fired almost all of his cabinet. Activists say they want Ruto to resign and are calling for systemic changes to clean up corruption and address poor governance. At least 50 people have been killed in the protests to date, the government-funded Kenya National Commission on Human Rights (KNCHR) said on…
The International Monetary Fund (IMF) has reduced its forecast for Nigeria’s economic growth to 3.1 percent in 2024 — down from a 3.3 percent projected in April. The downgrade is 0.2 percentage points below the prior forecast. In its July 2024 World Economic Outlook released on Tuesday, IMF said a lower-than-expected activity in the first quarter (Q1) of the year impacted decisions for the downgrade. The IMF, however, retained a 3.0 percent forecast for Nigeria’s economic growth in 2025. NIGERIA AND SUB-SAHARAN AFRICA Revealing further, IMF downgraded its forecast for sub-Saharan Africa economic growth in 2024 to 3.7 percent —…
The Federation Account Allocation Committee (FAAC) announced that the federal, state, and local governments shared N1.35 trillion in June, marking an increase of N210 billion from the N1.14 trillion distributed in May. The details were disclosed in a communiqué issued after the July meeting, chaired by Wale Edun, Minister of Finance and Coordinating Minister of the Economy. According to the communiqué, the N1.35 trillion shared among the three tiers of government in June came from a gross total of N2.48 trillion. The breakdown included N142 billion in statutory revenue and N523 billion from value-added tax (VAT) revenue. Additionally, the revenue…
Nigeria’s inflation rate rose to 34.19 percent in June 2024 — up from 33.95 percent in May. The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday. The CPI measures the rate of change in prices of goods and services. According to the bureau, food inflation also surged to 40.87 percent in the month under review as prices of food and non-alcoholic beverages continued to surge. NBS said the headline inflation rate in June showed an increase of “0.24% points when compared to the May 2024 headline…
Nigeria and the United Arab Emirates reached an agreement allowing for the resumption of travel between the two countries, Nigeria's information minister said on Monday. The UAE stopped issuing visas to Nigerians in 2022 after Dubai's Emirates Airline suspended flights between the countries due to an inability to repatriate funds from Nigeria. Nigeria's central bank has since cleared a backlog of around $137 million in foreign exchange owed to international airlines. Information Minister Mohammed Idris said the deal includes the resumption of visa issuance to Nigerian passport holders for travel to the UAE, effective from Monday. "This agreement includes updated…
Controversial Islamic cleric Ahmad Gumi has urged Nigerians to engage in peaceful protests as a means of conveying their grievances to the government, emphasising that protests are a crucial tool for driving change. "Politicians are very stubborn, it is mass protests that only disturb them," he said. Addressing concerns over comparisons with past protests in countries like Sudan, Lebanon, and Liberia, Gumi highlighted Nigeria's unique diversity. "In Sudan and Liberia, the conflicts were like family feuds, which are very dangerous. But Nigeria is different, with diverse ethnicities, religions, cultures, tribes, and sects," he explained, noting internal tensions even within religious…
Kenya braced for more anti-government protests as talks proposed by President William Ruto to help end the nation’s political crisis appeared to stall. Activists have called for demonstrations across the East African nation on Tuesday over the government’s failure to prosecute security forces suspected of killing at least 41 people protesting against plans to raise taxes over the past month. Ruto announced last week that a so-called national dialogue would begin on Monday to defuse tensions in the country. Kenya’s main opposition Orange Democratic Movement said it’s unclear about when the talks — which seek to bring together political parties,…
A court of appeal in the United Kingdom (UK) has dismissed the appeal of Process & Industrial Development (P&ID) on a previous judgment halting the enforcement of its $11 billion award against Nigeria. In a unanimous decision, Lord Justice Snowden, the lead judge, permitted P&ID to appeal the judgment but dismissed the appeal. The two other judges are Lord Justice Fraser and Julian Flaux. BACKGROUND P&ID had entered into a deal in 2010 to build a gas processing plant in Calabar, Cross River state, but the company said the agreement collapsed because the Nigerian government did not fulfil its end…
June 06, 2025

Nigeria now Africa’s top cement exporter, says Aliko Dangote

Nigeria has transformed from being the world’s second-largest cement importer to becoming Africa’s leading cement…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 07, 2025

Are boiled eggs good for you? Here's what experts say

Caroline C. Boyle If you’re after a nutrient-dense breakfast, boiled eggs are a quick and…
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 07, 2025

What to know after Day 1199 of Russia-Ukraine war

WESTERN PERSPECTIVE Six killed, 80 wounded in intense Russian air attacks on Ukraine Russia launched…
June 06, 2025

Common supplements and medications could cause liver damage, studies show

Melissa Rudy Arun Sanyal, M.D., director of the VCU Stravitz-Sanyal Institute for Liver Disease and…
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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