A faction of the Peoples Democratic Party (PDP) loyal to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has endorsed President Bola Ahmed Tinubu for re-election in the 2027 general election, saying the decision was driven by national interest rather than partisan considerations. In a statement issued on Friday, the group said it was backing the All Progressives Congress (APC) presidential candidate for a second term, arguing that President Tinubu’s leadership and confidence in Wike had contributed significantly to the transformation of the FCT. The faction praised Wike’s…
Read More‘Nigeria’s borrowing costs threatening its economic recovery’ – OPEC
Nigeria’s economic recovery could come under renewed pressure from persistently high borrowing costs and inflation despite stronger crude oil production and ongoing economic reforms, the Organisation of the Petroleum Exporting Countries (OPEC) has warned. In its July ‘Monthly Oil Market Report’, OPEC said Nigeria’s near-term economic outlook remains positive, supported by higher oil production, improving macroeconomic stability, stronger business activity and continued reform efforts. However, it cautioned that inflationary pressures and expensive credit continue to pose significant risks to sustained growth. According to the report, Nigeria’s economy expanded by 3.9%…
Read MoreS’Court dismisses suit seeking removal of Nigerian Army’s Arabic inscription logo
The Supreme Court has dismissed a suit seeking the removal of the Arabic inscription from the Nigerian Army’s emblem. Delivering judgment on Wednesday in Lagos, the court held that a single individual does not have the legal standing to represent all Nigerians in a case seeking the removal of the Arabic inscription from the Army’s logo. The court therefore struck out the suit, ruling that the plaintiff lacked the authority to bring the action on behalf of the entire Nigerian population.
Read More“Change economic policies or quit” – ADC to Tinubu
…Says 139m poor Nigerians is his ‘scorecard’ The African Democratic Congress (ADC) has called on President Bola Tinubu to either abandon what it described as his ‘failed’ economic policies or resign, following recent reports showing worsening poverty and hunger across Nigeria. In a statement issued yesterday by its National Publicity Secretary, Bolaji Abdullahi, the opposition party cited the latest World Bank report indicating that about 139 million Nigerians, representing roughly 60% of the population, now live below the national poverty line. The ADC also referred to a World Food Programme…
Read More‘Power shortages worsening food insecurity’ – Bank of Agriculture
The Bank of Agriculture (BoA) has warned that Nigeria’s persistent electricity shortages are posing a serious threat to food security, agricultural productivity and rural economic development, as millions of citizens and farming communities remain without reliable power supply. The bank raised the concern during a capacity-building workshop on the proposed Clean Energy Access Framework (CEAF) held in Kaduna for its staff. The initiative was organised in collaboration with DalaHill LP, and supported by the Africa Climate Foundation (ACF), as part of efforts to strengthen the bank’s ability to finance renewable…
Read More“Tinubu’s govt. one of the most reckless in history” – Atiku
…Alleges ₦210bn budget duplication, ₦7.13tr hidden subsidy Former Vice-President and ADC Presidential Candidate, Atiku Abubakar, has described the Tinubu administration as one of the most fiscally reckless governments in Nigeria’s democratic history. In a statement issued yesterday, by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku cited “the shocking revelation of over ₦210 billion in overlapping and duplicated allocations in the 2026 Federal Budget” and Nigeria’s poor performance on nearly 90 percent of globally recognised prosperity indicators. Atiku said: “Two independent reports have finally stripped away the propaganda…
Read MoreNBMOA seeks Tinubu’s intervention over alleged Northern Media exclusion from NRS tax campaign
…Cites marginalisation by MDAs Aminu Imam Chairman of Liberty TV/Radio and Chairman, Board of Trustees (BoT) of the Northern Broadcast Media Owners Association (NBMOA), Alhaji (Dr.) Ahmed Tijjani Ramalan, has appealed to President Bola Ahmed Tinubu to intervene over what he described as the deliberate marginalisation of northern privately-owned radio and television stations in the Nigeria Revenue Service (NRS) ongoing nationwide tax awareness campaign. Ramalan accused the NRS of failing to patronise private radio stations and television channels under the association’s umbrella despite repeated proposals for their inclusion despite a…
Read MoreTinubu unveils $3.05bn anti-poverty, human capital programmes
President Bola Tinubu has unveiled five landmark social and development programmes worth about 3.05 billion dollars to accelerate poverty reduction, strengthen community resilience and deepen investment in human capital. Tinubu, represented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, inaugurated the programmes yesterday at the Presidential Villa, Abuja. The initiatives comprise the Nigeria Community Action for Resilience and Economic Stimulus Additional Financing (NG-CARES AF) and the Solutions for Internally Displaced and Host Communities (SOLID). Others are; the Human Capital Opportunities for Prosperity and Equity (HOPE-GOV,…
Read More‘Poverty still threatens 79% of Nigerians despite reforms’ – World Bank
The World Bank has said about 79 percent of Nigerians remain poor or vulnerable to poverty despite recent economic reforms by the Federal Government. In its new Country Partnership Framework (2026–2032) and Streamlined Country Diagnostic, the Bank said 61% of Nigerians live below the poverty line, while 33% are ultra-poor and about 139 million people live in poverty, particularly in northern Nigeria. The report acknowledged that reforms introduced by the Tinubu administration – including the removal of petrol subsidy, exchange rate liberalisation and tax reforms – have stabilised the economy,…
Read MorePDP crisis: Group urges court to uphold rule of law ahead of BoT-INEC judgment
A group, Democratic Nigerians, has called on the Federal High Court in Abuja to uphold the rule of law and judicial precedents as it prepares to deliver judgment in the suit filed by the Peoples Democratic Party (PDP) Board of Trustees (BoT) against the Independent National Electoral Commission (INEC). In a statement issued yesterday ahead of tomorrow Friday’s judgment, the group described the case before Justice Ibrahim Olashupo Salem as a defining moment for Nigeria’s judiciary, urging the National Judicial Council (NJC), the Nigerian Bar Association (NBA), and the public…
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