IN THE NEWS

Daily Watch – CBN investigates companies for forex infractions, Obaseki rides high in Edo

President Buhari has congratulated Edo Governor Godwin Obaseki, on securing a second term in office. Buhari's spokesman, Garba Shehu, said that the President said he is committed to free and fair elections “because it is the bedrock of true democracy.” Obaseki, on his part, described his re-election as a “triumph over godfatherism”. In a victory speech delivered in Benin City, he thanked his supporters who in his words, “displayed immense courage in the face of threats, intimidation, and brutalisation. The collective will of Edo people made it possible for us this triumph over godfatherism.” The Independent National Electoral Commission had declared Obaseki the winner of the governorship election. Obaseki of the Peoples Democratic Party polled 307,955 votes and won in 13 local government areas (LGAs) to defeat his closest rival, Osagie Ize-Iyamu of the All Progressives Congress, who got 223,619 votes and won in five. Obaseki was elected on the APC’s platform in 2016 but defected to the PDP a few months before Sunday’s vote after being denied the party’s ticket owing to intra-party squabbles. The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Buhari, urging him to “urgently” instruct the Minister of Justice and ...
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NEWS

Daily Watch – Enron Nigeria seeks 1999 contract payment, World Bank jittery about FG reform promises

The World Bank may not approve Nigeria’s request for a ...
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Daily Watch – Diri axed from Bayelsa governorship, Budget to hit new record in 2021

Annual inflation in Nigeria rose for the 11th straight month ...
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Daily Watch – Ghana insists on Nigerian traders paying $1m fee, Lagos compromises on ride hailing regulations

Ride-hailing companies operating in Lagos will face a new set ...
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Daily Watch – NBC board disowns Lai, Africa to ramp up antibody testing

The Africa Centres for Disease Control and Prevention, based in ...
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Daily Watch – Oil output falls to 1.3mbpd, NBC bares teeth at Nigeria Info over Mailafia

A court in Port Harcourt, Rivers State has made the ...
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Daily Watch – Food crisis looms, Ondo inaugurates Amotekun

Nigeria is treading at the edge of a hunger crisis ...
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Daily Watch – Forex use plunges 80% on lockdown, PMB extols military’s electoral restraint

The Nigerian National Petroleum Corporation said it exported crude oil ...
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Daily Watch – Gunmen mow down tourists in Niger, Osun spends 91% of allocations on debt

A document from the Debt Management Office has said that ...
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Daily Watch – Access makes Zambian acquisition, Banks USSD debt touch ₦70bn

Global food prices continued to rise for the second consecutive ...
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Daily Watch – US warns West Africa of rising terrorist threat, Lagos reverses 2018 land charge

Lagos has revoked the 2018 land use charge. The government, ...
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Daily Watch – ‘Hate speech’ fines hiked to ₦5m, Nigerian states in investment shocker

President Buhari is planning a "complete re-engineering" of the country’s ...
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Daily Watch – ShopRite mulls Nigeria exit, Air Peace fires pilots in mass layoff

Africa’s biggest grocery retailer, ShopRite has announced plans to exit ...
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Daily Watch – Lagos to reopen worship centres, Boko Haram strikes Northern Cameroon

Lagos will allow places of worship to resume in-person services ...
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Daily Watch – NNPC gives FG $1.5b boost, COVID-19 sends 10k applicants to Jobberman

New data from the Central Bank of Nigeria showed that ...
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Daily Watch – Akin Adesina cleared, Whistleblower alleges massive NNPC oil theft

An oil trading firm, Samano Sa De CV, has alleged ...
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Daily Watch – SSA to shrink 3% on COVID-19 pressures, Discos rake in record revenue in Q1

Power distribution companies in the country saw their revenue collection ...
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Daily Watch – Survey shows lack of trust in govt, SA cuts rates to record low

The West African Health Organisation has pointed out that Nigeria ...
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Daily Watch – Eni/Shell officials mull prison time in Italy, Budget deficit to rise in 2021

Suspected Boko Haram members have shot dead five humanitarian workers, ...
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Daily Watch – Senate asks service chiefs to quit, PHCN non-core assets set for sale

Nigeria's Senate on Tuesday asked the service chiefs to step ...
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Daily Watch – NDDC probe serves drama, Banks cut down on foreign spending

CBN governor, Godwin Emefiele, said Monday that banks are restructuring ...
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Daily Watch – Troops killed in Katsina ambush, Inflation continues upward thrust

Data from the National Bureau of Statistics show that inflation ...
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Daily Watch – NNPC leaks ₦30bn in April alone, Gabon gets first female PM

The amount of sleaze involved in handling the constructions of ...
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Daily Watch – Gulf of Guinea tops 2019 piracy spots, Deficit spending hits ₦650bn

The deficit spending of Nigeria's Government rose sharply by 144 ...
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Daily Watch – Senate talks tough on kidnapping, Egypt-Ethiopia dam talks go nowhere

Data from the Organisation of Petroleum Exporting Countries showed that ...
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