Nigeria technically bankrupt, says Obaseki 19th September 2024 Edo State Governor, Godwin Obaseki The Edo State Governor, Godwin Obaseki, has described Nigeria as technically bankrupt. Obaseki added that the Federal Government was “stuck in the past” and needed to restructure the country for progress. The governor made this statement during a one-on-one interview on the […]
The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday. “The Nigerian economy will […]
Gunmen suspected to be kidnappers have abducted the Shepherd of Celestial Church of Christ, Nazareth Parish 1, Oluwatosin Alayo, in the Ikorodu area of Lagos State. The incident was said to have occurred on Monday evening at the residence of the cleric in the Adamo area of the community. Sources privy to the incident told PUNCH […]
Multinational consumer goods company, PZ Cussons, says it has commenced plans to sell its African subsidiaries to any interested buyer. The parent company of PZ Cussons Nigeria said it is looking at a partial or full sale to mitigate the company’s exposure to fluctuations in the naira, which has devalued by 70 per cent. The […]
There is no resolution in sight to the crisis rocking the major opposition party, the Peoples Democratic Party (PDP), as calls to replace its acting National Chairman, Umar Damagum, have deepened divisions within the PDP Governors’ Forum. A senior member of the PDP National Working Committee, speaking anonymously to The PUNCH, revealed that, in addition to […]
Bank of Japan predicts likely interest rate hike
The Katsina State Police Command paraded 16 suspects for various offences on Thursday. Parading the suspects before newsmen at the Command headquarters in Katsina, Public Relations Officer, ASP Abubakar Sadiq said at different locations and dates, the personnel had succeeded in smashing a seven-man syndicate of suspected armed robbery, arresting three suspects in possession of […]
Nigerian Governors elected under the platform of the Peoples Democratic Party, PDP, and the National Working Committee of the party have resolved to sack IIiya Umar Damagum as the acting National Chairman of the party. Bauchi State Governor, who doubles as the Chairman of the PDP Governors’ Forum, made the revelation on Tuesday night shortly […]
Zamfara State Governor Dauda Lawal has signed an Executive Order banning all forms of mining activities in the state. According to him, the order will be in force until necessary arrangements are made between the federal and state governments on how to benefit from mining activities. The governor said that he doesn’t have comprehensive list […]
Gov. Dapo Abiodun of Ogun on Tuesday in Abeokuta charged the judiciary to avoid reproach and rekindle the public’s faith in the dispensation of justice.Abiodun advised the Special Mosque Service Abeokuta to usher in the 2024/2025 Legal Year in the state. He acknowledged the fact that the judiciary was the last hope of the common man. […]