Economic Hardship: Tinubu approves massive, free importation of major food items to overcome high prices

President Tinubu approves

President Bola Tinubu has approved the duty-free importation of major food items like rice, beans and wheat, to cushion the impact of the high food prices Nigerians have been grappling with since he assumed office last year. According to a statement by the President’s spokesperson, Bayo Onanuga, the measures will be “implemented over the next 180 days”. Onanuga, quoting Agriculture Minister, Abba Kyari, said President Tinubu approved a “150-Day Duty-Free Import Window for Food Commodities”, including “maize, husked brown rice, wheat and cowpeas”. Nigerians have battled with high food prices…

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Four banks open bid to raise N1tr from capital market

Cardoso on banks

Four commercial banks with international license – Fidelity Bank Plc, Access Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc and FCMB Group Plc – which altogether needed to increase their capital base to N2 trillion, are seeking to raise about N1 trillion in the first phase of intense competition for investors’ funds. The first cluster of offers came as the Central Bank of Nigeria, (CBN), at the weekend said the ongoing recapitalisation will produce resilient and fit-for-purpose banks with more ability to grow the economy. CBN governor, Olayemi Cardoso, said…

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Kaduna: el-Rufa’i Vs H’Assembly: Court adjourns to July 17 for hearing of respondents’ applications

el Rufa'i Vs H'Assembly

A Federal High Court, sitting in Kaduna, has adjourned to July 17th to hear the case filed by the former governor of the state, Nasir el-Rufa’i, against the State House of Assembly and the Attorney-General of the State. El-Rufa’i is challenging the House committee’s report which accused him of corruption. ​Recall that el-Rufa’i had on June 26th, filed a case at the Federal High Court Kaduna to challenge the probe report of the Kaduna State House of Assembly that indicted him for corruption during his eight years of administration. Among…

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2027: “Osinbajo, Amaechi, el-Rufa’i must bury presidential ambition” – Ex-APC Chieftain

Ex APC Chieftain Lukman

A former national vice chairman (North-West) of the ruling All Progressives Congress (APC), Dr. Salihu Lukman, has described former Vice-President, Yemi Osinbajo and the likes of former Kaduna State governor , Nasir el-Rufa’i as political orphans. Lukman, who spoke of a proposed coalition among top political bigwigs in the country, listed el-Rufa’i, Osinbajo, former Minister of the Interior of Nigeria – Ra’uf Aregbesola, former Governor of Ogun State, Ibikunle Amosun and former governor of Ekiti State, Kayode Fayemi, among others seeking to occupy the nation’s top political seat via merger.…

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Protest: Group warns against Kenya model in Nigeria

Group warns

A non-governmental organisation, ‘Centre for Crisis Communication’, (CCC), has issued a stern warning to Nigerians against contemplating the model adopted by the Kenyans in their recent anti-tax protest. Chairman Board of Trustees of CCC, Maj.-Gen. Chris Olukolade (rtd), gave the warning while addressing newsmen on the Centre’s Conflict Trends Analysis, (CTA), for the second quarter yesterday in Abuja. Kolade said the Centre was concerned about the antics of those who are mooting the idea of re-enacting in Nigeria, the recent anti-tax crisis that rocked Kenya. According to him, they believe…

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​Yoruba Elders reject agitation for Yoruba nation

Yoruba Elders

The Yoruba Council of Elders (YCE), has said it is op­posed to idea of carving out Yoru­ba nation from Nigeria. The group, in a statement issued at the weekend, said it would rather commit to true federalism in Nigeria. The statement reads: “We have perused the document on the position of YSDM on the state of the nation and their views for the Yoruba race to be separated from Nigeria. The Yoruba Coun­cil of Elders remains firm in its position that the entity called and known as Nigeria should remain…

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Rivers: ​Fubara wins, as Appeal Court strikes out suit seeking tenure extension for pro-Wike LG Chairmen

Rivers A'Court strikes out suit

The Port Harcourt Division of the Court of Appeal, yesterday, dismissed two appeals filed by former elected local government chairmen in Rivers State, loyal to the Minister of the Federal Capital Territory (FCT) Nyesom Wike, seeking the elongation of their tenure in office. This is as two factions of the Rivers State House of Assembly loyal to Governor Siminalayi Fubara and Minister Wike held separate sittings at different locations in Port Harcourt, with pro-Wike lawmakers giving a seven-day ultimatum to the governor to represent the State’s 2024 Budget proposal for…

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Alleged N80.2bn fraud: EFCC uncovers Yahaya Bello’s plan to escape Nigeria

EFCC Yahaya Bello

…Immigration put him on watchlist The Economic and Financial Crimes Commission, (EFCC), has uncovered the plan of ex-Kogi governor, Yahaya Bello, to leave Nigeria for Morocco via Cameroun amid the N80.2 billion fraud allegation against him. Recall that Bello, who is currently on the run, faces a 19-count charge, including allegations of money laundering, breach of trust, and misappropriation of public funds amounting to about N80.2 billion. Despite denying the allegations, he has repeatedly failed to appear before Justice Emeka Nwite on scheduled dates. On Thursday, June 27, the defendant failed…

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FCT: Young man threatens to jump from telecoms mast if subsidy isn’t restored

FCT Mast climber

…Demands end to bad governance, insecurity in suicide note A Nigerian man, identified as Shu’aibu Yusuf, from Borno State, who had earlier climbed a radio mast yesterday morning to commit suicide in Abuja, has blamed his decision on bad governance in Nigeria. However, according to reports, Yusuf was rescued by the Fire Service, National Emergency Management Agency, (NEMA) and the Federal Capital Territory (FCT) officials. According to a suicide note he reportedly left at the foot of the mast, he demanded the return of the fuel subsidy, among other demands…

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FG, ASUU set to meet, as workers protest today, Tuesday

NASU SSANU

The Academic Staff Union of Universities, (ASUU), has said it will be meeting with the Federal Government on July 25, 2024 over its unmet demands. This was as non-academic staff of universities declared on Sunday that they were set for a one-day protest today, (Tuesday), on campuses over their withheld four-month salaries. The one-day protest would be a prelude to a nationwide protest planned for July 18. ASUU National President, Prof. Emmanuel Osodeke, who disclosed this in a phone interview with our correspondent at the weekend. said July 25 was…

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