Month: July 2023

Pol Eco Analytics calls on CBN to rethink interest rate hike

Emporium Reporters

Pol Eco Analytics, a Nigerian based independent think tank and research organization has called on the Central Bank of Nigeria ( CBN) to rethink its monetary policy over the years, favour increasing interest rate as a measure to fight inflation in the economy. While Pol Eco Analytics acknowledged the fact that interest rate was one out of other monetary instruments available to cushion inflation. However, this monetary instruments has now become the only weapon CBN deployed in the name of fighting inflation. Pol Eco Analytics said”For the record, since middle…

EMEFIELE: DSS to investigate face off with NCoS officials

Emporium Reporters

The Department of State Security Service DSS has condemned fracas that occurred between the its operatives and Nigerian Correctional Service (NCoS)in the premises of Federal High Court,Ikoyi Lagos over who should take to custody the embattled CBN Governor, Godwin Emefiele who was granted bail by the high court on 25th July,2023.   The service stated that the incident was unfortunate and does not in any way reflect the professional disposition of the DSS.   DSS in a statement signed by its Spokesperson, Peter Afunanya said it did not and would…

Who Will Save the DSS? By Olaleye Olawale

Emporium Reporters

Former President Muhammadu Buhari laid the foundation for the decimation of the DSS, and it appears President Bola Tinubu has begun to sustain that condescending practice with the same agency.   The desecration and reduction of the DSS to a mere political tool started when Buhari sidestepped its report on a former EFCC boss, Ibrahim Magu, and left him there for five years in acting capacity.   Former Vice-President Yemi Osinbajo tried to salvage the situation when it fired the agency’s former DG, Lawal Daura, after their shameful outing at…

NDD2023: Tinubu pledges an all- inclusive Diaspora friendly Govt

Emporium Reporters

President Bola Ahmed Tinubu on Tuesday assured Nigerians in the Diaspora that his administration will give special priority to Diaspora engagement in its Renewed Hope agenda. Speaking through the Chief of Staff, Hon. Femi Gbajabiamila, at the opening of the 17th National Diaspora Day event in Abuja, said that his administration will be a Diaspora-friendly government through flexible and easy policies for engagement with its Diaspora. Describing the theme of the National Diaspora Day ” Consolidating Diaspora Engagement for National Development ” as apt, he said Nigeria is under a…

2023 Census : We are set to conduct Best Ever Headcount in Nigeria- NPC

Emporium Reporters

The National Population Commission, NPC, has again assured Nigerian of its preparedness to conduct a scientific, foolproofed and a more acceptable census for the Nation. The commission, in its regular enlightenment publication disclosed that all the nooks and crannies of Nigeria have been adequately demarcated for ease of conduct and convenience. According to NPC, the Enumeration Area Demarcation, EAD, had all landmass demarcated and laid out with specific garget for a particularr area as all equipment to be used are geo-fenced and not useful in another area. NPC also indicated…

SERDEC calls for Economic Justice for Abuja Indigenous People.

Emporium Reporters

The Executive Director, Socio Economic Research and Development Centre, SERDEC Mr. Tijani Abdulkareem has called on the administration of President Bola Ahmed Tinubu to close the gap of marginalization and socio-economic inequality against the indigenous people of Abuja.   At the 16th Expert Mechanism on the Rights of Indigenous Peoples holding in Geneva, Switzerland, Mr. Tijani noted that military rule have contributed immensely to the uncoordinated management of the capitalization of Abuja, taking away Indigenous Peoples’ lands, territories and resources, however subsequent democratic government have refused to democratize the process…

Why Museveni Video Shames Africa By Azu Ishiekwene

Emporium Reporters

An aircraft descending on the tarmac with the control tower telling it to return to base There’s a trending video from nine years ago. If you watched it casually, you might in fact think that it was done yesterday. It was a clip of Ugandan President, Yoweri Museveni, narrating what happened in 2014 when a delegation of African heads of state was asked by AU to mediate the Libyan crisis at the time. Museveni’s account of the outcome of the assignment, which has so far not been denied by NATO,…

BREAKING: Court grants Emefiele N20 million bail

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Justice Nicholas Oweibo of the Federal High Court sitting in Lagos has granted the suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, bail.   Justice Oweibo granted him bail to the sum of N20 million with two sureties in like sum.   The judge had rejected the claim by DSS that it had not received a copy of the bail application filed by Emefiele, saying that there was evidence that the government was served.   Mr. J. B. Dauda, SAN, who filed the bail application on…

TINUBU’S PALLIATIVE PLAN: Only Census Data Will Reveal Real Poor Nigerians By Stanley O. Nwosu

Emporium Reporters

The announcement by the Federal Government and subsequent approval by the National Assembly of the request to share N500 billion palliatives to poor and vulnerable households in Nigeria in order to cushion the adverse effect of the recent removal of fuel subsidy has continued to generate reactions on social and mainstream media as Nigerians continue to question its adequacy, mode of disbursement and sustainability. Aside from the fact that the N8,000 monthly disbursement to 12 million households for a period of six months will not make any meaningful impact on…

Lamido Adamawa lauds NCC’s Consumer Protection Initiatives

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The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa State. The Traditional Ruler represented by Kakakin Adamawa, Prof. Abubakar Tahir, at the Consumer Conversation programme of the Commission with the theme: “Know Your Rights as Telecom Consumers” in Yola, said the event marked a privilege for individual telecom consumers and businesses in the state to ask questions and get face-to-face response…