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Showing posts with the label Nigeria Economy

Life after Trump: Republicans eye vance, Rubio for Leadership

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For a decade, President Donald Trump has been the gravitational force of the American right, but at this year’s Conservative Political Action Conference a pressing question is animating conversations in the hallways: who comes next? At what is billed as the world’s largest conservative meeting, there is no clear consensus — but an early contest is taking shape. For the first time in years, the 79-year-old second-term president is skipping the conference — typically held in Washington, but this year staged in the Dallas suburbs — allowing other Republican stars to step out of his shadow. Across conversations with attendees, Vice President JD Vance and Secretary of State Marco Rubio stood out as the main contenders to lead a post-Trump Republican Party, with support split in a race that remains wide open. Polling suggests Vance holds a comfortable national lead among Republican voters. But on the ground in Texas, the divide appeared more even — with roughly half backing Vance...

Nigerians Feel Economic Impact of War

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The rising tension in the Middle East is already affecting Nigeria’s economy. Labour leaders are urging the government to introduce emergency relief measures as petrol prices continue to rise.  The Nigeria Labour Congress (NLC) has called for tax relief, wage awards, and a cost-of-living allowance for workers. According to labour leaders, petrol prices in some areas have climbed above ₦1,170–₦1,300 per litre, worsening the cost-of-living crisis for many Nigerians. 

Oyo Residents Protest Rising Kidnapping and Banditry

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Residents of a community in Afijio Local Government Area of Oyo State staged a protest over rising cases of kidnapping and banditry in their area. The demonstrators blocked the busy Ibadan–Oyo Expressway at the Jobele axis, causing heavy traffic and leaving many commuters stranded. The protesters accused security authorities of not doing enough to protect communities from criminal attacks. Many residents said kidnappers and armed bandits have been operating frequently in nearby villages, creating fear among farmers, traders, and travellers.  Community leaders called on the federal and state governments to deploy more security personnel to the area. They warned that the protests may continue if urgent action is not taken to improve safety in the region.

Nigeria: Fuel Price Debate Continues After Refinery Adjustment

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The debate over petrol pricing in Nigeria has intensified following recent adjustments in fuel costs linked to local refining and global oil prices. Industry stakeholders say the changes reflect fluctuations in crude oil prices and operational costs within the downstream sector. The situation has triggered widespread discussion among consumers and marketers. Energy experts say local refining capacity is expected to reduce Nigeria’s dependence on imported fuel in the long term. However, analysts note that market-based pricing means petrol costs may continue to fluctuate depending on exchange rates and international crude prices. Meanwhile, government officials have urged Nigerians to remain patient as reforms in the petroleum sector continue. Authorities say the long-term goal is to create a stable and competitive energy market that ensures consistent fuel supply across the country.

Nigerian Universities Face Funding Pressure

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Several Nigerian universities have raised concerns about funding challenges affecting academic activities and infrastructure development. University administrators say rising operational costs and limited budget allocations are putting pressure on institutions. Some vice-chancellors have called for increased government investment in education, noting that better funding is necessary to improve research facilities, laboratories, and student welfare services. Education experts warn that without adequate financial support, universities may struggle to maintain academic standards and compete globally.

SERAP Sues Nigerian Government Over Phone-Tapping Rules

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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian government at the ECOWAS Community Court of Justice over alleged unlawful phone-tapping regulations. The organisation argues that the government’s interception regulations allow mass surveillance that could violate citizens’ privacy rights SERAP insists that the rules, known as the Lawful Interception of Communications Regulations, 2019, permit security agencies to monitor communications without adequate legal safeguards. According to the group, such powers could be abused and may undermine democratic freedoms and media independence in the country.

Nigeria Marks International Women’s Day With Calls for Equality

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Nigeria joined the rest of the world in celebrating International Women’s Day on March 8, with renewed calls for gender equality and greater opportunities for women. Activists, policymakers, and community leaders used the occasion to highlight the achievements of Nigerian women while drawing attention to challenges such as gender inequality and limited representation in leadership.  Several advocacy groups organised events, discussions, and campaigns aimed at promoting women’s empowerment across different sectors including politics, business, education, and technology. Speakers at the events stressed the importance of ensuring equal opportunities for women and girls in society.  Experts also emphasised that empowering women can significantly contribute to national development. They noted that increased female participation in governance and economic activities could help drive innovation, reduce poverty, and strengthen democratic institutions in Nigeria.

WHAT'S THIS NIGERIAN'S SIN? AND WHAT ARE HIS PARENTS' OFFENCE?

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"What's this Nigerian sin?- and what are his parents offence?" Those the unanswered question one would continue to ask when one wonders how Abba's case, a Nigerian youth core member whose video went viral with his ribs crushing under the cruel stamping feet of one beast in human skin. Touching the most is not the video. It is the fact that Abba was reportedly killed eventually after his parents reportedly paid a ransom of ten million naira to the forest devils. Who are these alliens? From where have they invaded Nigeria? Who brought them? And how can Nigeria citizens overcome these allien beasts? Nigerians must collectively find the answers.  Abba's case is not the first. It is one in hundred of thousands of Nigeria like that who have been wasted in painful deprival of the families. His parents are one of hundreds of thousands who have been deprived of the children. All are handworks of invasive alliens no one knows no where they are from. Abba's father, a dev...

Court Adjourns Abubakar Malami’s Terrorism Financing Case

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A Federal High Court in Abuja has adjourned the terrorism financing case involving former Attorney-General of the Federation, Abubakar Malami, to March 10. The adjournment followed procedural developments in the ongoing legal proceedings. During the session, it was announced that the prosecution of the case would now be handled by the Director of Public Prosecutions (DPP). The transition is expected to streamline the legal process and ensure compliance with due process requirements. Malami has denied any wrongdoing, maintaining that the allegations against him are unfounded. His legal team has argued that the charges lack merit and has pledged to contest them vigorously in court. Legal observers say the case is significant given Malami’s former position as the nation’s chief law officer. The outcome could have political and legal implications, while reinforcing ongoing debates about accountability and transparency in public office.

Nigeria to Launch National Single Trade Window on March 27.

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Nigeria is set to launch its National Single Window (NSW) platform on March 27, a move aimed at transforming the country's trade ecosystem and improving efficiency in import and export processes. The platform will enable online processing of import permits, electronic submission of cargo manifests, and introduce a centralised risk management system.  This initiative is part of President Bola Ahmed Tinubu's administration's fiscal reform efforts, designed to streamline trade procedures, eliminate duplication of documentation, and enhance Nigeria's competitiveness in global commerce. The NSW platform will serve as a single entry point for all stakeholders and agencies, integrating with existing platforms like the Nigeria Customs Service's B'Odogwu system. This integration aims to simplify documentation requirements, improve customs clearance times, and mitigate transaction delays. The government has completed nationwide user training and pilot testing ...

Remove Sharia From Constitution Or Preside Over Nigeria's Breakup, Igbo Group Tells National Assembly.

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The group declared that ongoing tensions surrounding Sharia criminal law have pushed the country toward what it described as an existential national test. The Ndi Igbo Worldwide Union has issued a warning to the Federal Government of Nigeria, the National Assembly, and Northern Islamic leadership. The group declared that ongoing tensions surrounding Sharia criminal law have pushed the country toward what it described as an existential national test. In a press statement signed by its President, Benjamin I. Nwankwo, and Secretary, Chief Charles Edemuzo, the organisation said Nigeria had reached a critical turning point, stressing that “the time for ambiguity is over.” According to the group, recent opposition by Islamic authorities to calls for the repeal of Sharia criminal law has exposed deeper constitutional and political contradictions within the Nigerian state. The statement said, “The recent push-back by Islamic authorities against Mr. Riley Moore’s call to repeal Shar...

Keyamo backs Baze University aviation training proposal

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The Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the Chancellor of Baze University, Yusuf Datti Baba-Ahmed, to discuss plans for the establishment of a School of Aviation in Abuja, a move aimed at boosting Nigeria’s aviation manpower and reducing dependence on foreign training. Baba-Ahmed, who was the running mate to Labour Party presidential candidate Peter Obi during the 2023 general election, led a delegation of Baze University’s management on a courtesy and project-advocacy visit to the Ministry in his office in Abuja. Members of the delegation included the Vice-Chancellor, Prof Jamila Shu’ara, the Registrar, Prof Abiodun Adeniyi, and other senior officials of the university. The discussions, according to the statement, were centred on Baze University’s proposal to site a School of Aviation in Bwari, Abuja, complete with a dedicated training runway for pilot training and other aviation-related professional programmes. This was made known t...