IN THE NEWS

Daily Watch – Ondo crisis reaches ‘political solution’, EU cancels DRC election observer mission

The Speaker of the Ondo State House of Assembly, Olamide Oladiji, told the Court of Appeal that parties had reached a “political solution” to the crisis of leadership rocking the state, hence his withdrawal of the appeal against the Deputy Governor, Mr Lucky Aiyedatiwa. The Deputy Governor had dragged the House, Governor Rotimi Akeredolu and others to court over moves to remove him from office over alleged acts of gross misconduct. He had secured an interim order from the Federal High Court restraining the Ondo State House of Assembly from initiating impeachment proceedings against him. But, the Assembly, citing lack of jurisdiction, had appealed to set aside the order of the Federal High Court. A High Court in Ilorin has handed down a life imprisonment sentence to the Sarkin Fulani of Kwara, Usman Adamu, along with his brother and an accomplice, Gidaddo Idris, for their involvement in a kidnapping case. The trio were found guilty of conspiring and kidnapping Abubakar Ahmad in 2022. The victim, who spent 20 days in captivity, was released only after the convicts collected a ransom of ₦1 million. Justice Akinpelu, in her judgement, stated that the evidence presented by the prosecution established the collaboration among ...
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NEWS

Daily Watch – Piracy threatens cargo movements, Cassava loses big time

The International Maritime Bureau in its most recent report has ...
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Daily Watch – Labour goes on the offensive, Cash crunch threatens port concession agreements

The Nigeria Labour Congress across Nigeria has called on the ...
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Daily Watch – Budget to be passed before month end, Naira depreciates further

The National Assembly is expected to pass the 2016 Appropriation ...
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Daily Watch – Unions prepare for battle, Cocoa production hit by bad weather

The Nigeria Labour Congress, Trade Union Congress, and civil society ...
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Daily Watch – Capital inflows decline, Nigeria may sell assets to shore up reserves

The NBS has released its Q3 and Q4 2015 report ...
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Daily Watch – Fashola defends 45% rise in electricity cost, Forex scarcity may trigger fuel shortages

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, ...
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Daily Watch – NEMA confirms 65 killed in Dalori, Nigeria and Angola seek World Bank loans

Sixty five people were killed and one hundred and thirty ...
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Daily Watch – Another pipeline bombed, Unilever goes local

A crude oil pipeline in Bayelsa State, operated by the ...
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Daily Watch – Buhari “yet to be convinced” about Naira devaluation, GE brings $200 million to power sector

GE is currently investing $200 million in Nigeria to build ...
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Daily Watch – Road tax on the way, Lassa fever claims more people

A Bill seeking to make citizens begin to pay some ...
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Daily Watch – CBN refuses to devalue, States slowing down on pension contributions

The Central Bank has announced that it sticking with 11% ...
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Daily Watch – Shell, Eni, may lose OPL 245, iROKO hits the big time

The Islamic Movement of Nigeria has released 705 names, and ...
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Daily Watch – Dollar scarcity worsens, 30 killed in Adamawa violence

Bank customers have been unable to withdraw American dollars from ...
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Daily Watch – Budget divides Senate along party lines, Azura raises $876 million for power plant

The Senate is divided, along party lines, on the feasibility ...
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Daily Watch – Kaduna and Warri refineries shut down, FG to declare former AGF, Adoke, wanted

An NNPC spokesman, Ohi Alegbe, has confirmed that the NNPC ...
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Daily Watch – Nigeria food prices rise amidst global drop, IPOB takes complaints to ICC

Prices of food commodities in Nigeria have been on an ...
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Daily Watch – Oil component of Budget under threat, Farmers return to North-East

The current dip in oil prices will significantly reduce the ...
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Daily Watch – Buhari seeks Budget withdrawal, JTF searches for pipeline saboteurs in Warri

Despite the CBN's relaxation of foreign currency deposits a week ...
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Daily Watch – Innoson sheds jobs, Vehicle imports drop 67%

Nigeria’s first fully indigenous vehicle manufacturing company, Innoson Vehicle Manufacturing, ...
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Daily Watch – States can exploit minerals, Bears having fun at the NSE

The Minister of Mines and Steel Development, Dr. Kayode Fayemi ...
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Daily Watch – Senate chops down lassa fever vote, 2016 Appropriation Bill goes AWOL

The Senate has thrown out a motion seeking to compel ...
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Daily Watch – CBN modifies its game plan, Airports go to waste

The CBN has announced that it will be stopping the ...
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Daily Watch – Oil output declines in December, Cocoa processors worry over rising costs

Industry analysts say that the proposed oil revenue in the ...
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Daily Watch – FEC to meet today over budget, MTN to challenge fine in court

An emergency meeting of the Federal Executive Council is scheduled ...
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