The number of vehicles imported into Nigeria experienced a sharp decline of 60.4% year-on-year (YoY), totaling just 10,991 units in the first half of 2024 (H1’24). This significant drop reflects the impact of the naira depreciation and the overall economic downturn. This information was revealed in the recent quarterly report by the Nigerian Port Consultative […]
Read MoreHouse of Representatives Launches Probe into Oil Theft in Nigeria On Thursday, the House of Representatives Special Committee on Oil Theft and Losses commenced an investigation into the illegal lifting of crude oil in Nigeria to address the root causes of the challenges facing the sector. The Special Committee, chaired by Alhassan Ado-Doguwa, representing Doguwa/Tudun […]
Read MorePresident Bola Tinubu emphasized the significance of upholding democratic norms and institutions during a meeting at the Presidential Villa in Abuja on Thursday. While acknowledging that protests are a fundamental aspect of democracy, he stressed that no government would tolerate demonstrations that result in the destruction of lives and property. The President made these remarks […]
Read MoreCeline Dion is set to make a triumphant return to the stage with a one-off performance at the opening ceremony of the Paris Olympics, earning an astounding $2 million (approximately N3 billion) for a single song. The 56-year-old music icon had stepped back from her career after being diagnosed with Stiff Person Syndrome (SPS) in […]
Read MoreIn an effort to resolve the ongoing dispute between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) concerning the quality of diesel distributed in Nigeria, the Federal Government has taken decisive action. On Monday night, the Minister of State for Petroleum Resources (Oil) convened a high-level meeting with key stakeholders to […]
Read MoreUnited States President Joe Biden has announced his withdrawal from the presidential race, just four months before the 2024 election. This decision comes amid increasing pressure and concern from key Democratic figures. Senate Majority Leader Chuck Schumer, House Minority Leader Hakeem Jeffries, and former House Speaker Nancy Pelosi privately voiced their worries about Biden’s candidacy. […]
Read MoreGovernor Ademola Adeleke of Osun State emphasized that devolving power and responsibilities to state governments is key to addressing Nigeria’s current economic crisis. Speaking at the 10th undergraduate and 6th postgraduate convocation of Adeleke University in Ede, Osun State, Governor Adeleke warned that further centralization of duties could exacerbate the economic challenges. He encouraged the […]
Read MoreThe Federal Government’s plan to distribute 20 trucks of rice palliative to each of the 36 states has hit a snag, causing widespread anxiety. A survey revealed that only a few states have received their allocations. In the northern region, Kano is the only state confirmed to have received the rice. In the South-West, only […]
Read MoreShocking Revelations: Nollywood Actor Linked to Billionaire Kidnappers Killed in Lagos In a dramatic turn of events, police operations in Lagos have revealed a shocking connection between a popular Nollywood actor and a notorious kidnapping ring. Just hours after police neutralized nine billionaire kidnappers who had long terrorized Lagos and its surroundings, it was confirmed […]
Read MoreNigerians have voiced their concerns, stating that the Federal Government’s distribution of palliatives is not an adequate solution to the country’s food shortage crisis. They have called on President Bola Tinubu to declare an emergency in food security, introduce a comprehensive national food policy, and address the insecurity caused by herders, which has forced farmers, […]
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