…Says it’s an un-licensed foreign TV channel by NBC, using Arewa brand name to operate The Northern Broadcast Media Owners Association, (NBMOA), has called for urgent intervention to address challenges faced by indigenous private television channels in Nigeria. In an open letter addressed to President Bola Ahmed Tinubu, Chairman of the Board of Trustees for NBMOA, Alhaji (Dr.) Ahmed Tijjani Ramalan, outlined the severe difficulties local broadcasters encounter, exacerbated by what he described as underhanded practices by Arewa24 TV, allegedly an unlicensed foreign channel operating under the Arewa brand name…
Read MoreDay: July 24, 2024
Tinubu cautions Nigerians against planned nationwide protests
President Bola Tinubu has called on young Nigerians to refrain from participating in planned protests against the Federal Governments economic reforms. Recall that some Nigerians, particularly the youth, have planned a nationwide protest from August 1st to 10th to draw the governments attention to the prevailing hardship in the country. Speaking in Abuja at the National Council of Traditional Rulers meeting, Tinubu, represented by the Secretary to the Government of the Federation, (SGF), George Akume, cautioned against allowing economic hardship to be exploited by individuals with ulterior motives to incite…
Read MoreH/Reps. orders reversal of electricity tariff hike for Band-A customers
The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) and Distribution Companies (DisCos) to immediately reverse the recent electricity tariff hike for Band-A customers. This directive was given yesterday, after the adoption of a report by the House Committee on Power. The report recommended a return to the old tariff, citing the inability of Nigerians to afford the new rate. Recall that the NERC had announced a tariff hike, which would have seen Band-A customers pay N225 per kilowatt. However, the House of Representatives has now resolved…
Read MoreEconomic Hardship: ??’Protests likely to be hijacked’ – UN warns
The United Nations (UN) Department of Safety and Security has warned that the planned protests in Nigeria may be hijacked by groups with ulterior motives. Recent reports indicate that various Nigerian groups are planning a nationwide protest from August 1 to 10, dubbed: ‘10 days of rage’, to address the countrys soaring cost of living and economic hardship. In a threat and risk assessment finding dated July 19, the UN expressed concerns about the possibility of violence, citing past instances where similar protests in Nigeria escalated. The threat and risk…
Read MorePlanned Protest: “We wont join enemies of peace” – MURIC
The Muslim Rights Concern, (MURIC), has said that its members will not participate in the protest being planned over economic hardship in the country alleging that Lagos is being targeted like before for possible revenge for electoral loss. Its Executive Director, Professor Ish’aq Akintola, in an issued statement, said Nigerians should acknowledge various efforts being made by the Federal Government to alleviate the suffering of the masses. It therefore advised the youth to be creative and innovative instead of being docile, complacent and destructive. MURIC also advised Nigerian youths not…
Read MoreCBN raises interest rate to 26.75% amid soaring inflation
The Central Bank of Nigeria, (CBN), has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices. CBN Governor, Olayemi Cardoso, announced this after the apex banks 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. The MPC also pegged the Cash Reserve Ratio (CRR) for Deposit Money Banks at 45%, while that of merchant banks was put at 14%. The liquidity ratio was pegged at 30%. The apex bank also adjusted the…
Read MoreState-of-the-nation: Christian elders demand new Constitution
The National Christian Elders Forum, (NCEF), has called for the immediate drafting of a new Constitution for Nigeria, asking the Government to convene a Constitutional Conference to address the countrys political and economic challenges. The demand was articulated in a letter sent to key Government officials, including President Bola Tinubu; Senate President, Godswill Akpabio; Speaker of the House of Representatives, Tajudeen Abbas; and Chief Justice of Nigeria, Olukayode Ariwoola. The Elders Forum, which has as members prominent figures such as Dr. Samuel Danjuma Goni (Chairman), Gen. Zamani Lekwot, (rtd), Prof.…
Read More58 countries back Okonjo-Iweala for second term as WTO D-G
Fifty-eight of the 164 member States of the World Trade Organisation (WTO) members have voiced support for a proposal from the African Group backing incumbent Director-General, Ngozi Okonjo-Iweala, to serve a second term. The 58 member countries of the trade association made this known at a July 22 meeting of the WTO General Council, according to a statement issued yesterday by the world trade body. The African Group requests that the current Director-General make herself available to serve a second term, and has proposed that the process of reappointing the…
Read More“Shun planned protest”, ACF, Ohanaeze, IGP tell youths
The Arewa Consultative Forum (ACF) and the ?hanaeze Ndigbo, yesterday dissociated themselves from the protest being planned by some shadowy groups. Also yesterday Kaduna State Governor Uba Sani cautioned Norths youths to shun call for protest. The Nigeria Labour Congress (NLC), however, urged President Bola Ahmed Tinubu to address grievances being expressed by those planning the protest. ACF National Chairman, Mamman Mike Osuman, said the indices that track human progress, including poverty, illiteracy, health, and security of life and property, tend to place the North at the back. He dissociated…
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