Opinion

NBS: Inflation in upward trend, settles at 12.40% for May

The consumer price index (CPI), which measures inflation, sustained the rising trend in May 2020 settling at 12.40 per cent (year-on-year) against April figure of 12.34 per cent. The increase in May represents 0.06 per cent points higher than the April figure, National Bureau of Statistics (NBS) announced yesterday. On month-on-month basis, the headline index […]

Opinion

U.S., Sultan to FG: Wake up, stop killings of Nigerians

The United States and the Sultan of Sokoto, Alhaji Abubakar Saad III, yesterday decried the level of killings in the northern part of the country. They called on the Federal Government and the various state governments in the area to wake up to their responsibilities. The U.S. condemned killings of civilians in the northern part […]

Opinion

Minister to Atiku: Debt profile poses no danger to economy

The Federal Government has declared that Nigeria’s current debt profile and debt servicing plans posed no dangers to the economy. It said that since provisions have been made for debt service in the annual budgets and the debt service payments were made as and when due, the issue of creditors foreclosing on Nigeria as being […]

Opinion

FG mulls $58.7m stimulus for airlines, aviation agencies

There are indications that the Federal Government may have concluded plans to assist the aviation industry with $58.7 million as part of stimulus package. A source close to the Presidency told New Telegraph that the money was as a result of the outcome of meetings held in Abuja last month among airlines, various aviation agencies […]

Opinion

Oshiomhole’s exit triggers leadership crisis in APC

major leadership crisis erupted at the National Headquarters of the All Progressives Congress (APC) in Abuja, yesterday, as two members of the National Working Committee (NWC) laid claims to the vacant position of the National Chairman of the party. The position of the National Chairman became vacant on Tuesday when the Appeal Court upheld the […]

Opinion

FG lost $1.55bn oil revenue in 2018, 2019 –NNPC

  Kyari: Security agents connive with pipeline vandals Senate to FG: End subsidy  N igeria lost a cumulative revenue of $1.55 billion due to vandalism of oil pipelines in 2018 and 2019. Specifically, the vandalism of oil assets cost the country $825 million in 2018 while $725 million was lost to pipelines vandalism in 2019. […]

Opinion

Zamfara NUJ sacks chairman, inaugurates caretaker exco

The Correspondents’ Chapel of the Nigeria Union of Journalists in Zamfara State has inaugurated new officials to run the affairs of the chapel in acting capacity to complete the tenure of the leadership led by the impeached Chairman, Umar Muhammad Maradun, in the state. Reasons behind the impeachment of Umar Maradun were financial misappropriation and […]

Opinion

5,000 Plateau maize farmers benefit from CBN anchor borrowers’ programme

No fewer than 5,016 maize farmers in Plateau State have benefitted from the Anchor Borrowers’ Programme of the Central Bank of Nigeria (CBN) for the 2020 wet season farming. Head, Development and Finance Office of the Jos Branch of CBN, Mrs Helen Temtsen, disclosed this at the flagging-off of the distribution of inputs to the […]

Opinion

Depression can increase risk of heart disease

Researchers in Canada have said that they have found evidence of a link between depressive symptoms and an increased risk of heart disease and early death. The study results, published this month in ‘JAMA Psychiatry,’ lend credibility to existing World Health Organisation (WHO) policies to integrate treatment and prevention of mental disorders into primary care. […]

Opinion

Court extends order stopping Oshiomhole’s arrest

The Federal High Court sitting in Abuja yesterday extended the interim order stopping Governor Godwin Obaseki of Edo State from arresting the suspended National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, over his indictment by a panel of inquiry set up by the state government. The trial judge, Justice Ahmed Mohammed ordered all […]