May 2023 - Page 2 of 44 - ProbitasNews

Following the inauguration of President Bola Tinubu, investor confidence helped the Nigerian Exchange’s equity market start trading for the week on a bullish note. The former administration failed to include fuel subsidies in the 2023 budget, according to Tinubu, who promised to ensure a single exchange rate as part of his efforts to strengthen the Nigerian economy in his inaugural speech on Monday.   In particular, the market capitalization increased by N1.505 trillion (5.22%), or...

In the ongoing lawsuit between its candidate, Peter Obi, and the president and leader of the All Progressives Congress, Bola Tinubu, the Labour Party on Tuesday called its first witness. Jibrin Okutepa, the legal representative for the LP and Obi, claimed that documents one through four as well as the receipts offered are the ones where Kashim Shettima, the vice president, accepted the APC’s nomination to run for vice president.   Lawyer Lawrence Nwakaeti, the...

If President Bola Tinubu’s administration does not get rid of the fuel subsidy, according to Vice President Kashim Shettima, Nigeria will eventually suffer. According to Shettima, the removal of the fuel subsidy would be in the interests of the majority as opposed to the upper class, who would object because they have always benefited from it. This was stated by the vice president on Tuesday while addressing the media in Aso Villa, Abuja, where he...