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Nigeria

Tinubu’s administration ‘lying with statistics’ over economy, says Atiku

The former vice president said no amount of statistical presentation or creative accounting can hide what he described as the worsening state of the economy under President Bola Tinubu. In a statement issued through his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku dismissed comments defending the administration’s reforms, including fuel subsidy removal, debt management and workers’ welfare initiatives. He argued that the government’s claim that subsidy savings are being used to reduce debt is contradicted by borrowing figures he said show federal exposure to the Central Bank of Nigeria rising sharply. Atiku said the Federal Government’s debt to the CBN rose from about ₦26.9tn in May 2023 to over ₦40.38tn by May 2026, describing the move as debt restructuring rather than debt repayment. He also said workers are yet to feel the benefits of subsidy savings, alleging that […]

Abdulmumini Auwal SA August 2, 2026

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international

Canada says it is evaluating “all options” after fresh US tariff threats

Canada has said it is evaluating “all options” after the United States administration announced plans to impose a new 50% tariff on a significant number of Canadian goods.pm+1 In a statement, Prime Minister Mark Carney described the move as the latest in a series of unilateral US trade actions that violate the Canada–United States–Mexico Agreement (CUSMA), including earlier tariffs on the Canadian auto sector.cbc+2 Carney said Canada has so far responded with matching, targeted measures but warned that Ottawa is prepared to take any steps necessary to protect Canadian workers, farmers, businesses and families.pm+1 The new tariffs, which will hit packaging products, textiles, horticultural items and other goods accounting for around 5% of Canadian exports to the US, are expected to take effect in August.bloomberg+1 The dispute comes just weeks after the July 1 CUSMA review deadline, when Canada and […]

Abdulmumini Auwal SA July 21, 2026

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Nigeria

Ndume urges Tinubu to speak directly to Nigerians

Senator Ali Ndume has urged President Bola Tinubu to speak directly to Nigerians instead of relying on aides and other intermediaries. Ndume said he made the appeal during a closed-door meeting with the president in Abuja. According to him, Nigerians want to hear directly from their leader on the state of the nation. He explained that his advice was based on the need for stronger public communication at a time when the country is facing insecurity and economic hardship. The senator said Tinubu welcomed the suggestion and promised to look into it. He added that regular direct communication from the president would help build public confidence and improve trust in government policies. Ndume also said the meeting covered key national issues, including security and the economy. He said both challenges require urgent attention and broader consultation. His comments have drawn […]

Abdulmumini Auwal SA July 10, 2026

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Entertainment

Igbos Contributes to Lagos Economy, Says Rapper Illbliss

Nigerian rapper and cultural icon Illbliss has praised the Igbo people for their significant contributions to Lagos' economy, stating that the city wouldn't be the same without them. According to Illbliss, the Igbo people have invested significantly in Lagos over several decades through businesses, entrepreneurship, commerce and intellectual contributions. He emphasized that Igbos have always been part of Lagos' soul—economically, intellectually and politically. The rapper explained that this isn't because Lagos "had to" accept Igbo influence, but because Lagos naturally needed the contributions that Igbo people brought to the city. He highlighted that commerce is in Igbo DNA and when they hustle, they do it with a sense of trying to achieve and multiply income streams. Illbliss, whose real name is Obinna Nwafor, made these remarks during an appearance on the "Outside the Box Podcast," where he discussed Igbo economic […]

Abdulmumini Auwal SA June 5, 2026

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Nigeria

₦1m salary useless without stable Naira – NLC

The Nigeria Labour Congress says a monthly salary of 1 million naira is meaningless for workers without a stable currency and better economic conditions. NLC President Joe Ajaero said this in an interview in Abuja, stressing that workers are more concerned about the real value of their income than the figures on paper. Ajaero explained that rising inflation and the continuous fall of the naira have sharply reduced the purchasing power of workers. He noted that many employees struggle to afford basic needs such as food, transport, healthcare and housing, regardless of how high their nominal salary appears. According to him, what matters is not just wage increases but policies that can strengthen the naira and bring down the cost of living. He argued that without price stability and a stronger currency, even a 1 million naira monthly wage will […]

Abdulmumini Auwal SA April 28, 2026

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international

Iran’s Khamenei vows no retreat as nationwide protests grow

Iran’s supreme leader Ayatollah Ali Khamenei says Iran will not back down as protests continue across the country over rising prices and economic hardship. The latest unrest has spread to major cities, with demonstrators complaining about high inflation, a weak currency and the rising cost of living.​ Khamenei accused some protesters of acting on behalf of foreign enemies and warned that the state would not tolerate what it calls rioters attacking public property. He said the Islamic Republic would not yield to pressure and described those involved in violence as mercenaries for outsiders.​ Authorities have limited internet access and disrupted communications as the protests have grown, leaving many parts of Iran largely cut off from the outside world. Domestic flights have been cancelled and local news websites have struggled to update, further restricting information from inside the country.​ Officials are […]

Abdulmumini Auwal SA January 9, 2026

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Nigeria

Nigerians recall harsh 2025 but hope for relief in 2026

Many Nigerians say 2025 was one of the hardest years in recent times, marked by rising prices, insecurity and deep uncertainty. In spite of this, they are looking to 2026 with cautious hope that living conditions will improve.​ In Owerri, some residents described 2025 as a year of crippling hardship, especially for people in small businesses and daily trading. A trader, Chinonso Nze, said the economic climate was poor and that surviving the year felt like a miracle for many families.​ He blamed the hardship on high inflation and worsening insecurity that made travel dangerous in many parts of the country. According to him, kidnappings and attacks on highways left commuters feeling unsafe and afraid to move freely.​ Nze also expressed concern about a new tax regime expected to take effect in 2026, warning that it could further strain already […]

Abdulmumini Auwal SA December 30, 2025

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Nigeria

Institute Seeks Regulatory Commission to Fix Nigeria’s Ailing Courier, Logistics Sector

Professor Simon Emeje, Chairman of the Courier and Logistics Management Institute (CLMI), has called for the urgent establishment of an independent regulatory commission to reposition Nigeria’s courier and logistics industry. Despite being Africa’s largest economy, Nigeria is among less than 3% of countries without such independent regulation, leaving the industry plagued by inconsistent tariffs, conflicting policies, and a harsh business climate. Emeje warned that stagnant regulation forces firms to close or shift sectors and lamented overlapping controls from customs and other agencies. He emphasized the need for technical, not political, oversight and expanded professional training in logistics. He noted the sector’s economic potential (valued at $60 billion, with assets up to ₦20 trillion) and called for logistics education in universities. Emeje also highlighted the long-delayed regulatory bill, drafted in 2005 but never enacted, and urged Nigeria to boost intra-African trade […]

Abdulmumini Auwal SA November 23, 2025

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international

Lessons from Poland’s Industrial Agenda for Nigeria’s $1 Trillion Economy Goal

Poland’s economic rise—from post-communist instability in 1989 to the world’s 20th largest, $1 trillion economy—offers valuable lessons for Nigeria’s development aspirations. Despite an initial period of recession, unemployment, and inequality, Poland pursued rapid market reforms, increased transparency, and focused on local resources and innovation. Key drivers included: Strong investment in technology and private sector-led industrial growth Policy reforms supporting local content, manufacturing, and energy independence Gradual integration with major world economies, including the EU and NATO Emphasis on solving domestic problems, decarbonising power, and building human capital Poland’s energy transformation blends coal, gas, and renewables—offering Nigeria ideas for maximising its gas and coal reserves, improving electricity, and attracting foreign investment. The partnership potential is highlighted by ongoing Polish-Nigerian economic cooperation, especially in energy and trade. Major Polish companies and public-private initiatives in logistics, alternative fuels, and industrial technology demonstrate the […]

Abdulmumini Auwal SA November 21, 2025

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Entertainment

Joke Silva Urges Action to Restore Tinapa Film Village

Veteran actress Joke Silva has called on the Nigerian government and stakeholders to revive the Tinapa Film Village in Calabar. She expressed concern about the neglected state of the facility, which was built to boost filmmaking, tourism, and entertainment in Nigeria. Speaking in Abuja, Joke Silva noted that Tinapa was designed as a major center for film production, complete with world-class studios and housing for filmmakers. However, she lamented that the site is now underused and its amenities are deteriorating. “It is sad to see Tinapa, which was created with so much hope, not living up to its original vision,” she said. “The film village had the potential to change Nigeria’s movie industry and offer jobs to many young people.” Tinapa Film Village was envisioned in the early 2000s to help make Cross River a leading destination for creativity and […]

Abdulmumini Auwal SA November 7, 2025

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