…its consultations and involve more political actors and Nigerians. “Many Nigerians have indicated good support, and we want to work with everybody. This is not about us; it’s about the country,” he said. He urged political leaders supporting the initiative to work with their respective parties towards negotiating a pol…
…index, transaction value increased significantly by 19.86 per cent to N27.48 billion, indicating higher monetary activity during the session. However, trading volume plunged by 67.69 per cent to 429.84 million shares, while the number of deals declined by 21.57 per cent to 35,683 transactions. The divergence between tr…
…with Nigeria should not prevent the release of the records. “As President Trump has indicated, our shared interests with Nigeria do not mean supporting an alleged drug trafficker,” he added. BREAKING: US court gives attorney, Pirro ultimatum to release ‘Tinubu drug-trafficking records’
…of Europe and Asia. The agency also arrested the alleged Nigerian arrowhead of the syndicate, a self-styled luxury goods dealer and social media influencer, Afolabi Michael, popularly known online as “KC Luxury,” as he attempted to flee the country. A statement by the agency spokesman, Femi Babafemi, on Tuesday, said t…
…of an off-season governorship poll should not automatically be interpreted as an indication of what would happen in a presidential contest. The minister’s comments came days after Adeleke defeated the All Progressives Congress candidate, Bola Oyebamiji, in the Osun governorship election. Adeleke polled 511,067 votes, w…
…Investigation also established that he packages and processes consignments for the syndicate, routes them to the United Kingdom, other parts of Europe and, Asia, while he was paid in cash. ''The second and more prominent suspect is Afolabi Kazeem Michael, popularly known online as "KC Luxury," whom investigations ident…
…a statement signed by Ondaje Ijagwu, FCCPC explained that publicly available estimates indicate that three major undertakings account for more than 90 percent of installed production capacity in the country. “The ACP investigations extended to markets in Sub-Saharan Africa like Kenya, Tanzania and South Africa as well…
…important. Constellation says it can have the plant generating by 2027, while PJM indicated that transmission upgrades could potentially delay full grid interconnection until 2031. This means a functioning power plant could theoretically exist while adequate network capacity to transport its electricity does not. The l…
One chance syndicate apprehended in Ogun Operatives of the Violent Crime Response Unit (VCRU), Ogun State Police Command, have arrested two suspected members of a notorious "one chance" robbery syndicate in Abeokuta. The suspects identified as Bidemi Tijani, 29, and Olajide Rasaq, 42, were picked up on August 15, foll…
…rose sharply for the sixth consecutive month to 20.31 percent from 17.52 percent. This indicates that food prices have surged significantly over the past six months. The NBS attributed the rise in food inflation to increases in the average prices of crayfish, fresh pepper, fresh onions, fresh carrots, rice, water yam,…
…particularly in equipment procurement, personnel and security operations. The analysis indicates that security spending was heavily concentrated in a relatively small number of states. The top five spenders-Kogi, Plateau, Bauchi, Bayelsa and Ekiti- accounted for about N112.15bn, or 44.8 per cent, of the total captured.…
…to coordinate investigations and intelligence-led operations against illegal mining syndicates. “The Mining Marshals occupy a unique position within Nigeria’s security architecture, reporting to the Ministry of Interior, the Ministry of Solid Minerals Development, and the NSCDC. “While their primary mandate remains the…
…in neighbourhoods with limited banking infrastructure. But rising ATM usage indicates that banks may be gradually reclaiming some of the cash-access market they lost to agents.With the CBN simultaneously regulating agent banking and encouraging stronger ATM infrastructure, Nigeria’s cash economy could be entering a new…
…Osun State election. According to him, the party’s abysmal performance in Osun does not indicate that it lacks a support base. Gombe further said that one of the lessons learned from the Osun poll is that there is no small party, adding that it is a warning to the ruling All Progressives Congress, APC ahead of the 2027…
…Division in Ughelli South LGA for further investigation. The police clarification indicates that the three persons were brought to the Bomadi station following their arrest by Oboro residents, but does not support the claim that they were abducted. The post Oboro community denies abduction allegation, says three youths…
…economy for over a decade.Nigeria’s economic recovery may be improving some headline indicators, but millions of households are still grappling with high living costs. Food, transportation, electricity, housing and other essentials continue to absorb a large share of household income, creating a striking gap between ec…
…was in good health and receiving care from US officials following his release. Reports indicated that three armed men abducted Rideout and transported him toward the Tillaberi region in western Niger, an area that has experienced significant militant activity. However, details surrounding his release have not been made…
…would focus on moving Nigeria beyond economic growth measured mainly by macroeconomic indicators to an economy capable of creating quality jobs, raising incomes, reducing poverty, improving productivity and expanding opportunities across the country. It noted that Nigeria’s population of more than 220 million people, a…
…actions taken by federal agencies prior to the governorship election in the state. He indicated that some of those actions were carried out by the President’s cousin, Gboyega Oyetola, who is also a former governor of the state. As reported by DAILY POST, the Economic and Financial Crimes Commission, EFCC, froze a bank…
…of traders, manufacturers and other SMEs. Early use of the Smart Anambra platform indicates demand for digital government services. Agbata said that the platform recorded about 14,000 visits between 9 and 29 July, averaging roughly 700 visits a day despite limited publicity. The agency sees the traffic as evidence that…
…foreign currency exposures based on immediate trade obligations and broader economic indicators. The overall contraction in market activity was primarily driven by a significant reduction in FX Spot transactions, which serve as the primary window for immediate foreign currency settlement. Spot trading turnover contract…
…to the candidate of the Allied People’s Movement (APM), Engr Seyi Makinde, as all indicators point to widespread public distaste for the Tinubu-led administration.” According to him, the booing of President Tinubu’s political allies, including some APC governors, during their appearance in Osun State demonstrated that…
…the official results announced by the Independent National Electoral Commission, indicating that the figures declared at the state collation centre reflected the votes counted at polling units. The Chairperson of the Osun Election Observation Mission of Yiaga Africa, Dr Asmau Maikudi, who read the statement, said the g…
…Kunle Olatunji, has declared that the outcome of the Osun governorship election is an indication of what will happen in the 2027 general elections. Olatunji spoke in a statement made available to DAILY POST on Sunday. Incumbent, Governor Ademola Adeleke, who contested on the platform of Accord Party, was declared winne…
…experienced a combination of high voter turnout and instances of violence. Reports indicate the election was marred by multiple incidents of ballot box snatching, alleged tear-gassing of voters, disruptions to the voting process, and the arrest of political figures and suspected electoral mercenaries throughout the sta…