Lead Stories - Page 13 of 21 - 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...

Oluremi Tinubu, the president-elect’s wife, has assured Nigerians that her family is blessed by God and does not need the nation’s money to thrive. She said this during the Sunday interdenominational church service held at the National Christian Centre in Abuja. The wife of the incoming president-elect stated that everyone shares in the nation’s prosperity and that they would utilise it for good. She begged Nigerians to pray for them, saying that they would need...

The Olubadan of Ibadanland, Oba Lekan Balogun, Alli Okunmade II, has been awarded the Commander of the Order of the Federal Republic with the approval of the departing President, Major General Muhammadu Buhari (retd). According to The PUNCH, Senator Kola Balogun of the Oyo South Senatorial District requested in a letter dated May 19, 2023, that the Minister of Special Duties and Inter-Governmental Affairs, George Akume, present and recommend Olubadan for the CFR Award to...

The Natives, a pro-democracy organisation, issued a warning on Friday against the planned disruption of Asiwaju Bola Tinubu’s inauguration on May 29. They claimed that such a disruption has no place in Nigeria because it is not a “Banana Republic.” This is happening as the group announced its intention to start a vigil outside the swearing-in location till Tinubu is sworn in. The group’s threat came a few hours after police officials in Abuja issued...

Babatunde Fashola, the minister of works and housing, has acknowledged that the government is unable to meet all of Nigerians’ housing demands, necessitating the creation of favourable conditions for the private sector. At the National Housing Strategy Blueprint’s introduction on Friday at the ministry’s offices, the departing minister made the disclosure. The paper, according to reports, is a 10-year strategic blueprint intended to integrate all current housing projects being undertaken by different stakeholders into a...

A human rights organisation working under the banner of Good Governance for Better Nigeria on Thursday urged the judicial branch of the government to take into account the national interest when rendering a decision at the Presidential Election Petition Tribunal. The organisation emphasised the need of the tribunal giving all political parties a fair hearing, but also cautioned that because “it is a new dawn” for Nigeria, a “unfair” decision might not bode well for...

The Second Niger Bridge’s naming after the president, Major General Muhammadu Buhari (retd), has been criticised by the Indigenous People of Biafra as being unacceptable. The South-East governors and other stakeholders chose to name the bridge Muhammadu Buhari Second Niger Bridge after consultation, the Minister of Works and Housing, Mr. Babatunde Fashola, stated during the Tuesday commissioning of the bridge in Onitsha. The IPOB spokesman, Emma Powerful, responded to the news in a statement on...