NUPRC Boss Eyes 2.2M Barrels Daily Oil Outputs
Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, affirms that Nigeria has the capability to increase its daily oil production to 2.2 million barrels, surpassing the current output of 1.5 million to 1.6 million. Komolafe delivered this information at the 8th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) held […]
Army Fined ₦1m As Delta Court Invalidates Land Acquisition
A wave of jubilation swept across Uvwie Local Government Area in Delta State on Monday when an Effurun High Court delivered a resounding verdict, pronouncing the Nigerian Army‘s purported acquisition of portions of Ohore 1 community land as invalid. In the verdict for suit No. EHC/41/2014, Justice Roli-Daibo, the presiding judge, not only ruled on […]
Naira Crashes To ₦1,534 Against US Dollar At Parallel Market
The Nigerian Naira depreciated to a record low of ₦1,534.39 against the US dollar at the foreign exchange market on Monday as Nigerians groaned amidst low purchasing power of their currency. Data obtained from FMDQ by Africa Today News, New York showed that the Naira dropped to ₦1,534.39 per US dollar on Monday from ₦1,469.97 […]
Biden Finally Joins TikTok Ahead Of 2024 Election
The President of the United States, Joe Biden belatedly joined TikTok yesterday marking his debut on the social media platform with a 26-second video, Africa Today News, New York reports. This move comes after fierce US government criticism of the video-sharing platform in recent years, most notably from Republicans but also from the Biden administration. […]
Nigeria Almost Becoming Venezuela, PDP Govs Cry Out
Some Nigerian Governors elected on the platform of the Peoples Democratic Party (PDP), on Monday, have reiterated their position on state policing, as the solution to the country’s worsening security situation. The opposition governors also lamented the free fall of the naira and its attendant consequences, and called the Federal Government’s economic team to immediately […]
Why Nigeria Must Phase Out Fuel, Electricity Subsidies – IMF
The Nigerian government has been advised by the International Monetary Fund (IMF) to completely phase out costly fuel and electricity subsidies that are inefficient in reaching the most vulnerable. “Fuel and electricity subsidies are costly, do not reach those that most need government support and should be phased out completely,” IMF said in a report […]
Access Bank Announces Herbert Wigwe’s Replacement
Nigeria’s leading financial institution, Access Holdings Plc has officially named Ms. Bolaji Agbede as the Acting Group Chief Executive Officer, barely four days the tragic passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe. Africa Today News, New York reports that the announcement comes against the backdrop of Wigwe’s untimely demise in a […]
Gaza War: Jordan’s King Sues For Ceasefire In Biden Meeting
The King of Jordan, Abdullah II made a strong case for a full ceasefire to end the Gaza war after talks with Joe Biden early Tuesday morning, striking a discordant note with the US president who is seeking a shorter six-week pause to give Israel time to defeat Hamas. Speaking at the White House, the […]
Ballon d’Or Award Is Given Based On Money Not Merit – Rodri
Manchester City midfielder, Rodri has claimed he was not surprised to be left out of the Ballon d’Or top three list as the organisers of the award are not after merit. According to Rodri, the award prioritises “money and advertising” than merit in awarding players every year. Inter Miami’s Lionel Messi won the Ballon d’Or […]
Nigerians Suffering From Buhari’s Policies – Oshiomhole
The Senator representing Edo North Senatorial District, Adams Oshiomhole, has asserted that Nigerians are still suffering from the impact of the policies that were implemented by former President, Muhammadu Buhari. Oshiomhole made this assertion in an interview on Channels Television monitored by Africa Today News, New York. According to the former governor of Edo State, […]
Labour: We May Demand ₦1m As New Minimum Wage If.. – Ajaero
The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has submitted that if the current inflation persists, organised labour may have no other option than to advocate for a new minimum wage for Nigerian workers, possibly reaching up to ₦1 million. Ajaero explained that the demand for organised labour would be shaped by the […]
Nigeria, A Poor Country With Overestimated Wealth –Presidency
The Nigerian Presidency has described the country as a “very poor” country, stressing that the wealth of the country is actually overestimated. Bayo Onanuga who is the Special Adviser on Information and Strategy to the President, made this in an interview on Arise Television which was monitored by Africa Today News, New York. According to […]