Day: November 8, 2024

Economic Reform: Senate Committee meets Finance Minister, others …. FG commends Nigerians’ patience and resilience amid challenges

Lukman Laleye Babalola

The Senate Committee on Finance yesterday in an interactive session met with the Nigeria’s Economic Team led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun at National Assembly the ongoing economic reform of President Bola Tinubu. In his opening remarks, the Chairman of the Senate Committee, Senator Sani Musa, said the interactive session was a fact-finding mission aimed at assessing the effectiveness of the ongoing reforms. He said “Today, we gather to discuss pressing issues related to the sale of crude oil to domestic…

The Northern Protesters, A Mirror that Poke Us in the Eyes… By Abdullahi O Haruna Haruspice

Emporium Reporters

When the streets of Northern Nigeria filled with voices demanding an end to bad governance, there was hope that change might finally come. Yet what began as a peaceful call for accountability quickly unraveled into turmoil, leaving deep wounds in its wake. The North—once resilient and proud—now stands battered, its infrastructure in ruins and its people shaken. As cities like Kano, Sokoto, Gombe, and Kaduna fell into chaos, the protests were seized by hoodlums and criminal elements, morphing into waves of destruction. Security forces, despite their presence, seemed unable to…

White House Advisor on Diaspora Engagement boosts 7th NDIS,promises partnership with NIDCOM

Lukman Laleye Babalola

Ms. Deniece Laurent-Mantey, Executive Director, United States’ Presidential Advisory Council on African Diaspora Engagement (PAC-ADE), U.S.A., said the goal of PAC-ADE is to make it easier for diaspora members to go beyond individual remittances and participate in pooled investments, by creating opportunities for Nigerians in the U.S. to partner with local entrepreneurs, support small and medium-sized enterprises, and invest in larger development projects that foster stability and economic growth in Nigeria.   Ms. Laurent-Mantey stated this at the Plenary Presentation at the 7th Nigeria Diaspora Investment Summit in Abuja.  …

Consumers kick ,As Discos Hike Meter Price By 28%

Emporium Reporters

Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months.   Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently.   According to the Discos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800.   This amount indicates an increase of 28.03 per cent or N32,800, depending on the distribution company and meter vendor.   The new prices posted on the…