Author: Oghenekevwe Uchechukwu

The House of Representatives Ad-hoc Committee is investigating mismanagement in the recruitment of federal Ministries, Departments, and Agencies (MDAs), parastatals, and tertiary institutions. The committee aims to address issues such as employment racketeering and the Integrated Payroll and Personnel Information System (IPPIS) and is considering recommending the abolition of employment waivers that bypass job opportunity…

Nigerian Banks, Companies fined N125m for failing to file audit reports

Aug 29, 2023

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in Banking, Top Story

At least eight banks and 18 other listed companies in Nigeria have been collectively fined N125 million for their failure to submit their 2022 audited financial statements and quarterly reports for the first half of 2023, as mandated by the Nigerian Exchange (NGX). Among the banks that faced sanctions were Unity Bank, FBN Holdings, Access…

Minister of Arts Hannatu Musawa addresses controversy surrounding her appointment

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Nigeria’s Minister of Art, Culture and Creative Economy, Hannatu Musawa, has responded to the controversy surrounding her appointment while serving as a member of the National Youth Service Corps (NYSC). The NYSC is a mandatory one-year national service program for Nigerian graduates under the age of 30, aimed at fostering national unity and promoting understanding…

Reactions as Canada-based Nigerian gay couple get dream wedding [Photos & Videos]

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The recent union of two Canada-based Nigerian men has ignited reactions within the social media community, particularly against the backdrop of the stark contrast between their marriage and the prevailing legal and cultural norms in Nigeria. In Nigeria, same-sex relationships are neither legally recognized nor accepted in many cultural circles, and the law not only…

Failing ministers would face the axe – Presidency

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The Special adviser to the President on Media and Publicity Ajuri Ngelale, has said President Bola Tinubu remains committed to achieving specific goals within each sector of the country and has a zero-tolerance policy for ministerial failure. Ngelale who was speaking during an interview on Channels Television on Monday, August 28, said utilized the interim…

Explainer: Why Nigeria’s unemployment rate declined by 77% in Q1 2023

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Recent data from the National Bureau of Statistics (NBS) indicates a somewhat surprising trend in Nigeria’s employment landscape, with a sharp rise in the country’s employment rate despite prevailing economic challenges. According to the report, approximately 76.7 per cent of working-age Nigerians were engaged in some form of paid or profit-oriented work in the first…

Food Inflation: Nigerians spend over half their earnings on food – Survey

Aug 25, 2023

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A recent analysis of global consumer spending patterns across countries has revealed that Nigerians allocate a substantial portion of their earnings to food, surpassing many other nations in grocery spending. Despite gaining the status of a lower-middle income economy in 2014, Africa’s biggest economy with an estimated gross domestic product (GDP) of $441 billion and…

Gov. Obaseki and FG clash over subsidy removal

Aug 25, 2023

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As the effects of subsidy removal continue to take a toll on the Nigerian populace, Governor Godwin Obaseki of Edo State has delivered a scathing critique of the federal government’s approach, asserting that they failed to develop a well-thought-out and workable strategy for the nation’s economic stability. Governor Obaseki’s remarks, made during a press conference…

Nigeria charts bold foreign policy vision

Aug 22, 2023

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