According to Hans Essaadi, the CEO of Nigerian Breweries Plc, the country’s economic status has gotten so bad that its people can no longer afford to purchase beer. During the company’s investor call on Monday after the release of its 2023 results, Essaadi made this statement. “This year has been extraordinary for our company in…
The Rivers State Government has said the report of a cholera outbreak and the death of some persons in the Soku community in the Akuku-Toru Local Government Area of the State is false and unfounded. The government warned individuals and organizations conducting or planning to carry out any health programme without the knowledge of the…
The Academic Staff Union of Universities, Abuja zone, on Monday, lamented the death of some of its members owing to Economic hardship in the country alongside poor remuneration of academics and unfavourable working conditions. The union said no fewer than 46 academics lost their lives in universities under the Abuja zone, namely the University of…
Butchers in Umuahia, the Abia State capital, on Sunday, protested the alleged plans by the Abia State Government and its agents to sack them from their abattoir in Ubakala, Umuahia South LGA. Numbering in their hundreds, the butchers, carrying placards with different inscriptions that reflected their grievances, marched through the streets of Umuahia to the…
Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from the $331.1m transactions recorded at the official Nigeria Autonomous Foreign Exchange Market on Thursday. Meanwhile, the naira depreciated to N1,537/$ on Friday from N1,498/$ recorded at the…
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. He said, Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the…
The Federal Government has commenced the payment of the withheld salaries of academics under the aegis of the Academic Staff Union of Universities, PUNCH Online has learnt. Multiple sources in the academic sector confirmed the development to our correspondent in Abuja on Monday. The chairperson of ASUU at the Federal University of Technology, Minna, Prof….
Seyi Tinubu, son of President Bola Tinubu, has urged Nigerians to endure current economic hardship. He said that enduring the trying time was necessary for Nigeria to have a better future, adding that the president’s recent tough decisions should have been taken years ago. Expressing optimism for the future, Seyi Tinubu stated that although challenges…
A Federal High Court in Abuja on Monday struck out the treasonable felony charges against the 2023 African Action Congress presidential candidate, Omoyele Sowore, and Olawale Bakare. The Federal Government had last week discontinued the treasonable case against Sowore, who is also the Publisher of Sahara Reporters.
Many filling stations are currently closed in the Federal Capital Territory, leading to long queues by motorists at the few outlets that are dispensing Premium Motor Spirit, popularly called petrol. Operators in the downstream oil sector confirmed that the development was due to the suspension of operations by the Nigerian Association of Road Transport Owners,…
