President Bola Tinubu and President Luiz Inácio Lula da Silva of Brazil met on Sunday in Addis Ababa, Ethiopia, for discussions on the comprehensive strengthening of bilateral ties in all fields.A statement issued by Ajuri Ngelale, Special Adviser to the President (Media & Publicity), disclosed that while speaking at the
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A fresh crisis in the petroleum downstream sector appears imminent, as the Nigerian Association of Road Transport Owners (NARTO) says it has directed all its members to withdraw their petroleum trucks from product-loading activities as of Monday, February 19, 2024.The decision by the association follows high operational costs in the
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Uchechukwu Okoroafor, AbujaAs Nigeria grapples with a looming crisis on multiple fronts, the recent projection by the International Monetary Fund (IMF) that the country's foreign reserves will plummet to $24 billion this year adds yet another layer of complexity to an already dire situation. Against a backdrop of widespread protests in
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Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market.Similarly, the naira depreciated against the dollar in the parallel forex market, where forex is unofficially trading at N1,673 from N1,670/$ on Friday.These developments persist despite the Central Bank of Nigeria’s implementation of
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Benue State Governor Hyacinth Alia has vowed that he will not tolerate any effort from any quarter aimed at destabilising the state.Governor Alia, in a statement issued yesterday by his principal special assistant on print media, Donald Kumun, expressed sadness over plans by some fellow Benue natives to destabilise the
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The National Drug Law Enforcement Agency (NDLEA), said it has intercepted a large consignment of Loud, a synthetic strong strain of cannabis, concealed in giant loudspeakers tucked in a consolidated cargo imported from New York, United States of America.NDLEA spokesperson, Femi Babafemi, said when the giant wooden boxes dressed as
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The National Association of Academic Technologists (NAAT) has condemned the federal government plan to pay only members of the Academic Staff Union of Universities (ASUU) the withheld salaries, while excluding members of NAAT and two other university-based unions.In a statement signed by its president, Comrade Ibeji Nwokoma, and general-secretary, Comrade
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The Federal Government of Nigeria has issued a 14-day termination notice to the contractor handling the Enugu-Port Harcourt highway, Messrs China Civil Engineering Construction CECC, over non-performance.The minister of works, Nweze Dave Umahi, gave the directive yesterday when he inspected the progress of work at Ozuaku, after the Imo Bridge
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Troops of the Nigerian Army's Sector 2 of “Operation Hadin Kai” have killed four Islamic State West Africa Province (ISWAP) terrorists and rescued passengers who were kidnapped in Buni Yadi, Yobe State.In a statement issued yesterday by a counter-insurgency and security analyst in the Lake Chad region, Zagazola Makama, the
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The Socio-Economic Rights and Accountability Project (SERAP) has given the Nigerian National Petroleum Corporation Limited (NNPCL) a seven-day ultimatum to account for missing oil revenues worth $2.04 billion and N164 billion.SERAP, which made the demand in an open letter addressed to the group chief executive officer of the NNPCL, Mr. Mele
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