N48m fraud: Lawmakers impeach Cross River Assembly Speaker, Elvert Ayambem
Elvert Ayambem | File Image By John Ekong The Speaker of Cross River State House of Assembly, Hon. Elvert Ayambem, has been impeached by 17 members out of the 25-member House over allegations of misappropriation of funds. Majority of the lawmakers on Wednesday May 22, 2024, passed a no-confidence vote on Ayambem, about 11 months […]
Why court granted Abba Kyari two-week bail
Abba Kyari | File Image Kyari’s mother died in the early hours of Sunday May 5, 2024, and was survived by 10 children (five males and five females) By Stella Woke Abuja The embatled former Commander of the Force Intelligence Response Team, DCP Abba Kyari, is set to breath fresh air from detention. Kyari, the […]
Why Lagos govt should take UK research on water privatisation serious – RDI
Governor Babajide Sanwo-Olu of Lagos State | File Image ‘The study has justified the argument of RDI and other water justice groups that water privatisation is a mirage packaged by the World Bank and the International Finance Corporation (IFC) to fool developing nations to bug them down in debts’ By Valentine Amanze The Renevlyn Development […]
CBN hikes interest rate to 26.25 % amid high inflation
CBN office | File Image By Stella Woke Abuja The future of businesses in Nigeria looks bleak as the Central Bank of Nigeria (CBN) raises the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. After a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the […]
Why Labour rejected govt’s fresh N54,000 wage offer
Joe Ajaero | File Image . Negotiation continues Wednesday ‘There is nothing on the table…We may be reconvening tomorrow (Wednesday) in the afternoon to continue negotiations’ By Stella Woke Abuja The current worth of Nigerian workers remains a mirage as the Feeral Government and the Organised Labour on Tuesay May 21, 2024 failed again to […]
