In a development for Nigeria’s economy, foreign capital inflows from BRICS countries have surged by 189% over the past six months. This remarkable increase reflects a growing interest in Nigeria as a viable investment destination, particularly amid the global economic shifts and the ongoing efforts to diversify the nation’s economic partnerships. Key Statistics According to…
Former Ekiti State Governor, Ayodele Fayose, has made it clear that he is not aspiring to be the National Chairman of the Peoples Democratic Party (PDP). This clarification comes in response to media reports suggesting that he had declared himself as the PDP chairman and announced the suspension of several party leaders. Fayose took to…
Allen Onyema, the CEO of Nigeria’s Air Peace, faces new charges from the U.S. government for alleged obstruction of justice in a high-profile fraud case. The charges were announced on October 11, 2024, by the U.S. Attorney’s Office for the Northern District of Georgia. Details of the Allegations Onyema and Ejiroghene Eghagha, Air Peace’s Chief…
Former presidential candidate Peter Obi has strongly condemned the recent increase in fuel prices by the Nigerian National Petroleum Company Limited (NNPCL), describing the move as “unfortunate and insensitive.” The price of petrol has risen from ₦897 to ₦1,030 per litre, marking the second hike in a month, which has sparked widespread concern among Nigerians….
In a significant move, the All Progressives Congress (APC) has suspended Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, along with David Lyon, the party’s 2019 governorship candidate in Bayelsa State, and eight other key members. This decision was announced on October 11, 2024, amid allegations of anti-party activities that have raised concerns…
The Peoples Democratic Party (PDP) has taken decisive action by suspending its National Publicity Secretary, Debo Ologunagba, and National Legal Adviser, Kamaldeen Ajibade, SAN, amid allegations of misconduct that have sparked internal turmoil within the party. The suspensions were announced on October 11, 2024, following a series of disputes regarding party governance and legal representation….
The Nigerian Senate convened in an emergency closed-door session on October 9, 2024, to address the contentious issue of local government autonomy following a recent Supreme Court ruling. The session was prompted by concerns regarding the implementation of financial autonomy for the country’s 774 local government councils, which the Supreme Court affirmed in August this…
On October 8, 2024, the Federal High Court in Abuja ordered the Independent National Electoral Commission (INEC) to recognise the leadership of the Labour Party (LP) under Julius Abure. The court’s decision mandates INEC to accord the party all rights and privileges associated with a duly registered political party in Nigeria. Details of the Ruling…
As Nigeria navigates its complex political landscape, concerns have been raised about the effectiveness of its political parties. Salihu Moh. Lukman, the immediate past National Vice Chairman of the ruling All Progressives Congress (APC), recently articulated a pressing issue: Nigeria is now a democracy without functional political parties. This statement reflects a growing sentiment among…
An explosion occurred at the All Progressives Congress (APC) state secretariat in Port Harcourt early on October 5, 2024, just hours before the highly anticipated local government elections. The blast has raised significant security concerns and heightened tensions in the region. Details of the Incident Preliminary reports indicate that suspected arsonists detonated explosives at the…
