Special Report

Clerics, presidency clash over economy after Tinubu-bishops meeting

By Olayinka Latona A meeting between President Bola Tinubu and the Catholic Bishops’ Conference of Nigeria (CBCN) has sparked public debate over the role of religious leaders in governance, with differing opinions emerging on whether clerics should openly comment on government policies or remain focused on spiritual matters. The debate intensified after Cardinal John Onaiyekan […]
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‘We don’t know the cause of this scarcity’

“What type of country is this now? I have been standing here for the past two hours waiting to buy fuel. The petrol assistants said they are not ready to sell fuel. Where do I go from here? I sell groundnuts to fend for my children and I depend so much on fuel. Can’t these our leaders just consider the masses?”

A nation without fuel

Nigerians have never had it so bad in a long time. Even the usual scarcity that characterizes the end of every year did not surface as expected last December.

Shylock fuel dealers return to Anambra

SINCE the return of fuel scarcity in Nigeria resulting in long queues in the last two weeks, most private petrol stations in some parts of Anambra State that have not been getting regular patronage over the years because they are not used to selling at the official pump prize of N97 per litre, have suddenly bounced back into big business.

Lagos commuters groan, rain curses on NNPC officials

Anger, pain and indignation were not enough to explain the feelings of thousands of stranded commuters going to their workplaces and areas of businesses from different parts of Lagos five days after queues returned to filling stations in Lagos. Many of them were seen sitting in groups discussing the effect of the fuel scarcity in Lagos Metropolis.

Ten marketers arrested for sharp practices in Makurdi

Social and economic activities are gradually grounding to a halt in Makurdi the Benue state capital and its environs as the scarcity of Premium Motor Spirit, PMS, or fuel which surfaced in the state about two weeks ago continues to bite harder with the product presently selling for as high as N250 per litre at the black market.

Sanusi suspension storm! The reverberations in the financial market

The suspension of Sanusi Lamido Sanusi from office as Governor of Central Bank of Nigeria (CBN) sent shock waves into the financial market but did not damage the market as previously feared. The shock was short lived as the Federal Government quickly named his successor. The CBN Governor-nominee, Godwin Emefiele, is seen by local and international investors as a steady hand who will maintain tight monetary policy in the face of currency weakness and avoid his predecessor’s controversial foray into politics.

Power outages beyond redemption?

The massive welcome party and the applause that greeted the conclusion of the privatisation exercise of the Power Holding Company Nigeria, PHCN had inspired confidence with the belief that very soon persistent power outages and irregular supply would be a thing of the past.

Controversy over the pre paid meter

Three years ago, Nigerians heaved a sigh of relief when the pre-paid meter was introduced. They thought that at last, the epileptic system of power supply and outrageous billing system since the take-over of PHCN by the private investors will be a thing of the past.

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