Новости за 01.07.2024

WALE Edun indulged in some chest beating recently that resulted in headlines assuring Nigerians that the country’s economy has been revamped.  The Minister of Finance and Coordinating Minister of the Economy’s job is tough. Still, he will have more difficulty convincing fellow citizens that things are better since the Bola Tinubu administration took office in

As investors begin registration for the 2024 Licensing Round, the Nigerian Upstream Petroleum Regulatory Commission has removed five oil blocks from the ongoing licensing round due legal disputes. The five oil blocks are said to be under various litigation. The Nigerian Upstream Petroleum Regulatory Commission confirmed the development. The affected assets are PPL3008, PPL3009, PML51,

There is what economists refer to as a backward-bending supply curve. It is a situation in which the labour is satisfied with what he earns as real wage and prefers leisure to more work and earnings. That is, higher wages would lead to a fall in labour supply. Though at the initial stage, higher wages

As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the burden of implementing the minimum wage may make many states bankrupt. The Federal Executive Council, at its meeting last Tuesday, stepped down a memorandum on the report of the tripartite committee on the new minimum

The United Nations and the United States of America, on Sunday, condemned Saturday bomb attacks in Tashan Mararaba, Gwoza town, Borno State, claiming the lives of at least 18 persons. The attacks, carried out by suspected female suicide bombers, struck a wedding, a hospital, and a funeral in Gwoza, a town near the border with

The Ondo State chapter of the Sports Writers Association of Nigeria has partnered the National Drug Law Enforcement Agency as part of efforts of the agency to combat drug abuse among sportsmen and women. Speaking at the sensitisation programme for sports stakeholders in the state, held at the indoor sports hall of the Ondo State

Head coach of El-Kanemi Warriors Aliyu Zubairu has credited the team’s triumph in the 2024 President Federation Cup to the zeal and hunger of his youthful side, PUNCH Sports Extra reports. The Maiduguri side won their third Federation Cup title on Saturday by outclassing Abia Warriors 2-0 in the men’s final at the Mobolaji Johnson

Rivers Angels coach Whyte Ogbonda has revealed how he failed to progress during the interview stage for the role of the national U-17 team head coach because he hadn’t won any title as a coach, PUNCH Sports Extra reports. Ogbonda ended his trophyless run as a coach on Saturday, leading Rivers Angels to their ninth

Saudi club Al-Ittihad have made a generous offer to Atalanta for forward Ademola Lookman, proposing an annual salary of nearly €11m for the player, PUNCH Sports Extra reports. According to transfer expert, Rudy Galetti, the Saudi club have also offered Atalanta €30m for the transfer, with negotiations between the clubs ongoing. Lookman recently secured his

The Nigerian Air Force said on Sunday that it intercepted a group of terrorists in Niger State and freed some cattle earlier rustled by the criminals. NAF said also destroyed several illegal oil refining sites in Rivers State and eliminated scores of terrorists in Niger State in recent coordinated air strikes. The Director, Public Relations

The Special Adviser on Media Project to the Edo State Governor, Crusoe Osagie, on Sunday, said the All Progressives Congress was employing diversionary tactics ahead of the September 21, 2024 governorship election, by making spurious allegations against Governor Godwin Obaseki. The Independent National Electoral Commission fixed September 21 to conduct the governorship election in Edo

President Bola Tinubu has extended his condolences to the family of former Chief of Defence Staff, Admiral Ibrahim Ogohi (retd.), who passed away on Sunday. Ogohi served as Defence Chief from 1999 to 2003 in the first tenure of former President Olusegun Obasanjo. His death was confirmed by the Director of Information, Nigerian Navy, Commodore

The International Fund for Agricultural Development in collaboration with Federal Government and the Niger Delta Development Commission said it has empowered no fewer than 26,000 youth and female farmers in the Niger Delta through its  Livelihood Improvement Family Enterprises project. The Country’s Director of the organisation, Madam Dede Ekoue, stated this on Saturday after the

Tamba Boakai Jr, son of Liberian President Joseph Boakai, says Nigeria has always been a good brother to Liberia, recalling the role Nigeria played in bringing stability during the Liberian civil war. Boakai Jr, therefore, called for the strengthening of the Nigeria-Liberia ties. According to a statement made available to The PUNCH on Sunday,  Boakai

To ensure compliance with banking sector recapitalisation guidelines, the Securities and Exchange Commission has threatened to impose a N1m penalty on banks if they fail to submit complete capital raise applications. In a statement made available to The PUNCH on Friday, it was stated that banks must adhere to certain norms and procedures to acquire

The President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers, Oluropo Dada, has stated that the country’s equity market has the potential to generate $500bn. According to a release, he stated that during his inauguration as the 13th president and chairman of the council of the institute in Lagos, recently. Dada

Learn Africa Plc has created an additional 96,431,250 ordinary shares at N0.50k each to increase its share capital to N867.88m from N771.45m. That was a fallout of the firm’s recent board of directors meeting. The development was disclosed in a document filed with the Nigerian Exchange Limited on Friday. “The increase in the share capital

No fewer than 20 travellers along the Sagamu-Ijebu-Ode Expressway were reportedly abducted by some gunmen at about 8 pm on Sunday while one of the victims was shot in the knee. The gunmen were said to have ambushed the travellers between Sagamu Area Command of the Nigeria Police and Ilisan township. The Chairman of Ilisan

Electricity consumers, on Sunday, expressed worry over the adverse impact of the planned two-month power outage to be witnessed in Ondo and Ekiti states. A notice by the Transmission Company of Nigeria revealed plans by the firm to carry out critical maintenance work on the 132kV Akure Osogbo transmission line. According to a public notice

Despite growing concerns about its abuse, social media has helped in spotlighting illegalities that would have gone unreported and unpunished, writes GIFT HABIB On May 28, 2024, a routine day took a dramatic turn when a member of the Imo State Police Command, Insp Isong Osudueh, was caught on camera accepting bribes from motorists. The

The Vice-Chancellor of the University of Benin, Prof. Lilian Salami, has expressed concern over the devastating impact of the recent 300 per cent electricity tariff hike on Nigerian universities. She lamented the heavy toll on the Nigerian universities, insisting that most of the public institutions in the country were on the verge of bankruptcy. Salami,

The Senate panel probing the N30tn Ways and Means loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government has received more documents from the Office of the Accountant General, The PUNCH has learnt. As a result, the panel is set to resume physical sitting after studying the documents. The panel

No fewer than 60 persons were arrested by the operatives of the National Drug Law Enforcement Agency during a drug party said to have been organised by one Stanley Ikechukwu in the Federal Capital Territory on Friday. A statement on Sunday by the NDLEA ‘s spokesperson, Femi Babafemi, said those arrested comprised 25 males and

The Lagos State Commissioner for Health, Prof Akin Abayomi, on Sunday, disclosed that 25 cases of severe gastroenteritis confirmed to be caused by cholera were reported at Kirikiri Medium Security Prison. The development was against the claim by the Nigerian Correctional Service on Wednesday, June 26, 2024, that the custodial centres nationwide were free of

Five days after a dynamite explosion near the Presidential Hotel of Aba Road in Port Harcourt, Rivers State the prime suspect is still hospitalised under heavy security watch at the Rivers State University Teaching Hospital. The dynamite explosion happened last Tuesday seriously injuring the carrier allegedly during a protest by some persons over the tenure