Breaking News in Nigeria Today Wednesday 7th July 2021
Here are some of the Breaking News in Nigeria Today Wednesday 7th July 2021 on some of the nation newspapers .
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Ijaw group to FG: Reject 3% PIB equity share for host communities
The Ijaw National Congress (INC) has cautioned the Federal Government to restrain from signing the approved three per cent equity share in the Petroleum Industry Bill (PIB) that was recently passed by the National Assembly into law. This came as the foremost Ijaw leader and the leader of the Pan-Niger Delta Forum (PANDEF), Chief Edwin
Lagos PDP: Warring factions return to the trenches
Again, the Lagos State chapter of the Peoples Democratic Party (PDP) is back to another cycle of leadership crisis. ANAYO EZUGWU reports that the party is currently in a quagmire ahead of the forthcoming July 24 local council election in the state The Peoples Democratic Party (PDP) in Lagos State is known for unending crises.
PIB: How reps reacted to bill’s passage
The House of Representatives, last Thursday, adopted 318 clauses of the Petroleum Industry Bill (PIB). PHILIP NYAM reviews the scenario The long wait for the passage of the contentious Petroleum Industry Bill (PIB) came to an end last Thursday, when the House of Representatives endorsed all the 318 clauses and sections in the much-anticipated proposed
Imminent succession battle
The undue advantage, which power confers on its wielders, especially in developing countries like Nigeria, explains why most leaders do not toy with the issue of succession, which has in turn led to politics of betrayal and backstabbing. While democracy grants the people the liberty to choose their leaders through periodic elections, the concept exists
Frustrations of a 2019 campaigner
Political appointments serve two distinct functions. One is to reward supporters and the other to control the state. Such is the character of politics that to the victor belong the spoils. But, this has not been the case for some chieftains of the ruling All Progressives Congress (APC) as most of them are still in
When silence is golden
There is no doubt that the ongoing war against corruption by the Muhammadu Buhari administration has succeeded in cowing most politicians, especially members of the opposition political parties. While some are facing trial for their respective roles in the Peoples Democratic Party (PDP)-led administration, others either escaped abroad or went underground. But, to some who
Infrastructure, delay blight maritime growth
The chaotic environment around the port and access roads hampered smooth evacuation of cargo in the first half of the year, BAYO AKOMOLAFE reports Movement of cargoes in and out of the seaports suffered set back in the first half of the year as government agencies failed to address and adopt stronger measures on the
Activities wane on fixed income yields, profit taking
Following massive profit taking and low sentiment on growing concerns about the rising yields in the fixed Income market, the equities market closed the first half of 2021 on the downtrend. CHRIS UGWU writes Despite investors’ hope for a better 2021 as panic over COVID-19 seems to be fading, investors’ cumulative Year-to-Date (YTD) returns on
CBN: Maintaining pro-growth policy amid inflation
The first half of the year saw the Central Bank of Nigeria (CBN) sticking to its pro-growth policy even as inflation remained stubbornly high, writes TONY CHUKWUNYEM MPC meetings In the communiqué issued at the end of the Monetary Policy Committee’s (MPC) first meeting of the year in January, the Central Bank of Nigeria’s (CBN)
FG to spend N2.64trn to clear shipwrecks on Nigeria’s coastline
Following the Federal Executive Council (FEC)’s approval, there is an indication that the proposed removal of over 3,000 shipwrecks littering Nigerian coastline will cost government N2.65 trillion ($5.4 billion). It was learnt that removal of wrecks is capital intensive as it costs not less than $1.8 million to tow a vessel from seabed posing threat
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