Tag: Naija News

‘It’s fake news,’ Presidency denies sacking INEC boss, Yakubu

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The Presidency has debunked widespread reports claiming that President Bola Tinubu has sacked the Chairman of the Independent National Electoral Commission INEC , Professor Mahmood Yakubu. The reports, which went viral early Monday, alleged that Yakubu had been removed from office and replaced with a certain Professor Bashiru Olamilekan in what was described as a “sweeping change” in the electoral body’s leadership. Reacting to the claims, the Senior Special Adviser to the President on Digital and New Media, O’tega Ogra, described the news as false and urged the public to…

Oil, commodities slump amid US-China tariff showdown

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Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding 10 percent, Tokyo briefly diving eight percent and Taipei more than nine percent. Futures for Wall Street’s markets were also taking another drubbing, while concerns about the impact on demand also…

Napoli ready to lower Osimhen price for United

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Former Serie A champions Napoli are willing to lower Victor Osimhen’s €75m valuation to enable Manchester United seal a deal for the Nigerian striker and also prevent him from joining Italian rivals Juventus in the summer. Currently on loan at Galatasaray, Osimhen is destined to part ways with Napoli at the end of the current season with top European clubs jostling for his signature. The 26-year-old striker was expected to leave last summer, but his purported move to Saudi Arabia failed while he also rejected a Chelsea transfer over personal terms.…

2027: Coalition pushes for single-term candidate

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As coalition talks to challenge President Bola Tinubu in the 2027 elections gain traction, northern stakeholders are pushing for southern aspirants to commit to a single-term agreement. A source involved in the coalition negotiations, who requested anonymity due to lack of authorisation to speak on the issue, stated  that northern stakeholders are urging former Vice President Atiku Abubakar not to run. The source added that most stakeholders believe that if all coalition leaders unite behind a southern candidate, President Tinubu can be defeated. On March 20, the 2023 presidential candidate…

20 governors under fire for delaying N70k minimum wage

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The National President of the Nigeria Union of Local Government Employees, Alhaji   Haruna Kankara, on Sunday, said about 20 states have yet to implement the N70,000 new minimum wage for local government workers and primary school teachers. The states include Yobe, Gombe, Zamfara, Kaduna, Imo, Ebonyi, Cross River, Federal Capital Territory, Abuja, Borno and 11 others. The NULGE leader disclosed this in response to questions  on the implementation of the new minimum wage with reference to the LG workers and primary school teachers in the country. Following the signing of…

CBN’s $10.50m funding not loan but grant – World Bank

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The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan. According to a source at the World Bank who spoke to our correspondent under the condition of anonymity on Friday, the amount is being provided under the Finance for Development Multi-Donor Trust Fund as part of a partnership between the World Bank and the CBN. It was earlier reported that Nigeria had approached the World Bank for a $10.50m loan to enhance the CBN’s technical capacity and modernise the…

Nigeria’s public debt hits N144.67tn

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Nigeria’s total public debt rose to N144.67tn ($94.23bn) as of December 31, 2024, representing a 48.58 per cent increase compared to N97.34tn ($108.23bn) recorded at the end of December 2023. The Debt Management Office disclosed this in its latest report on the country’s public debt profile. The report also revealed a quarter-on-quarter rise of 1.65 per cent from the N142.32tn ($88.89bn) recorded at the end of September 2024, highlighting the continuous increase in the nation’s debt burden during the final quarter of the year. An analysis of Nigeria’s public debt on…

2027: Atiku, Obi, coalition leaders advocate electoral reforms

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The 2023 presidential candidates of the Peoples Democratic Party, Atiku Abubakar, Labour Party’s Peter Obi, and the National Secretary of the Coalition of United Political Parties, Peter Ahmeh, have called for electoral reform ahead of the 2027 elections. They said electoral reform was a crucial element that would aid the ongoing national coalition negotiations in achieving its objectives. As the election approaches and coalition talks among opposition leaders gain momentum, there have been numerous calls for the amendment or reform of electoral laws. Atiku, through his media aide, Paul Ibe, stated…

Huawei unveils energy storage system, targets Nigeria’s power challenges

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Huawei Nigeria Digital Power has introduced an innovative product, the LUNA2000-215 Series, the world’s first hybrid air and liquid cooling commercial and industrial energy storage solution. The launch, which took place at an event attended by industry partners and key stakeholders from the C&I energy sector, marked a significant milestone in the region’s energy landscape. In a statement shared  on Saturday, the company highlighted the importance of this new technology in addressing critical energy challenges faced by businesses. According to the statement, the FusionSolar C&I LUNA2000-215-2S10, a key component of…

Police alert officers to April 7 nationwide protest

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The Lagos State Police Command has issued a directive to all commanders and officers within its jurisdiction, alerting them to a planned nationwide protest. It was reported that Civil Society Organisation, the Take-It-Back movement, and other groups had announced a nationwide protest scheduled for April 7, 2025. In a statement on Friday, the National Coordinator of TIB, Juwon Sanyaolu, said the protest seeks to address issues surrounding the misuse of the Cybercrime Act and the ongoing “state of emergency” in Rivers State. Sanyaolu explained that the core demands of the…