Rivers State House of Assembly, led by Martin Amaewhule, on Monday, stopped all expenditures of Governor Siminalayi Fubara until he presents his budget before the lawmakers. The Assembly took this decision during plenary on Monday, following the expiration of a seven-day ultimatum the lawmakers earlier issued to the Governor to present his budget before the House. Leader of the House, Major Jack, raised the motion informing the House about the expiration of the seven-day ultimatum given to Governor Fubara to present the 2024 budget before the House. At the end of their deliberation, the House voted to shut down the…
Author: Daily News Hub
Nigeria’s headline inflation rate rose to 34.19% in the month of June, a report by the National Bureau of Statistics has revealed. The NBS report said food inflation also increased to 40.87 percent on a year-on-year basis, which was 15.62% points higher compared to the rate recorded in June 2023 (25.25%). The NBS report stated that the rise in food inflation was caused by increases in prices of Millet Whole grain, Garri, Guinea corn, etc (Bread and Cereals Class), Yam, Water Yam, Coco Yam (Potatoes, Yam & Other Tubers Class), Groundnut Oil, Palm Oil, etc (Oil & Fats Class) and…
Seyi Tayese, Yenagoa The leadership of The Movement for the Survival of the Izon Ethnic Nationality in the Niger Delta (MOSIEND) has raised the alarm over the absurd allegation of ethnic bias leveled against the Managing Director of the Niger Delta Development Commission, (NDDC), Dr. Samuel Ogbuku, by some stakeholders of the Ogoni ethnic extraction in Rivers State. MOSIEND who faulted the call, described it as an action capable of disturbing the peace of the region. MOSIEND said the recent unguarded press statements published by various Ogoni groups and open letters written to President Bola Ahmed Tinubu, to sack the…
Segun Ayinde, Abeokuta One of the leading Newspapers, Iwe Iroyin BO ṢE RI, propagating the Yoruba culture and heritage, has honoured Olu of Itori, Ogun State, Ọba AbdulFatai Akorede Akamọ, as the most journalist-friendly monarch. The presentation came up at Itori town during the celebration of Ode Oba, an annual event where sons and daughters at home and in diaspora, kings and others prominent individuals usually joined in celebration. The Editor of the Newspaper, Johnson Akinpelu, who led other journalists to the event, described the monarch as a royal father known for holding journalists in high esteem and always heed…
The former Chief of Staff to the Deputy President of the Senate in the 9th National Assembly and founding Executive Director of the African Centre for Leadership, Strategy and Development Dr. Otive Igbuzor has accepted the role of keynote speaker at the 6th edition of annual lecture of Penpushing Media, scheduled to hold July 25, 2025 at new marque events centre, Olusegun Obasanjo Presidential library, Abeokuta. Igbuzor in acceptance to letter of invitation by the management and editorial board of Penpushing Media, owner of online newspaper and television said he wholeheartedly agreed to deliver paper at the event, and commended…
Africa’s richest man and owner of Dangote Refinery, Aliko Dangote, on Sunday, announced August 2024 as the new date to roll out fuel supply into the Nigerian market. Dangote disclosed this while speaking with journalists in Lagos. The multi-billionaire businessman noted that the refinery has resolved its crude oil supply issues with the help of the Nigeria National Petroleum Company Limited and the Federal Government. Dangote disclosed that the crude supply challenge was resolved last week after the Federal Government intervened. The journalists were being taken on a guided tour of the 650,000-barrel-per-day refinery located at the Lekki Free Trade…
Banks are increasing lending to the private sector with an average monthly N1.6 trillion facility over the past two months. The N1.6 trillion pushed credits to the private sector to N74.31 trillion. Latest data from the Central Bank of Nigeria (CBN) indicates that credit to the private sector (CPS) rose by 65.9 percent or N29.52 trillion to N74.31 trillion last May compared to N44.79 trillion recorded in the same period last year. A month-on-month breakdown shows sustained growth in lending over the past two months with additional credits of N1.39 trillion and N1.71 trillion in May and April 2024 respectively.…
“A true hero is not inspired by their strength, but by their ability to inspire and lead others” Mahatma Ghandi (1931) “A true hero isn’t measured by the size of his strength, but by the size of his heart” – Zeus By Friday Olokor Congratulations and Happy Birthday to you, My Brother and Chairman, Prince Nduka Obaigbena, a man that has put smiles on over 100,000 Nigerians. Directly or indirectly, Obaigbena has placed food on the tables of many homes, be it in the East, West, North or South. Through him, since THISWEEK Magazine, THISDAY and now ARISE NEWS GLOBAL,…
Africa’s richest man, Aliko Dangote, says the house he stays whenever he is in Abuja, Nigeria’s capital city, is a rented property and not his personal residence. Dangote who disclosed this uring a media parley at the Dangote Petroleum Refinery, Ibeju-Lekki, Lagos State, on Sunday, said his passion for an industrialised Nigeria is the sole reason he decided not to have houses outside Nigeria. Dangote disclosed that he once had a house in London, but he sold it in 1996. He said, “The reason I don’t have a London or America house is solely because I wanted to focus on…
Nigeria Police Force on Sunday suspended the proposed enforcement of the Electronic Central Motor Registry (e-CMR). The NPF rather emphasized the benefits and effectiveness of the recently launched e-CMR system in ensuring the safety and security of all types of vehicles, including motorcycles. The e-CMR initiative is designed to collate data provided by vehicle owners and flag stolen vehicles in the system. According to the police, the e-CMR will provide a firsthand database for curbing vehicular crimes, as dedicated officers can access real-time comprehensive data of every vehicle on their tablets. The system will also prevent multiple registration of vehicles…