News

Let Your Prices Reflect Naira’s Improvement, CNG Tells Business Owners

Published

2 years ago

March 29, 2024

The Coalition of Northern Groups, CNG, has asked business owners to reflect the naira’s improvement against the dollar on the prices of the products they market.

A statement by the National Coordinator, CNG, Comrade Jamilu Aliyu Charanchi, expressed support for genuine efforts to strengthen and stabilize the naira and bring back its value against the dollar.

However, the Group lamented over the reluctance of businesses to review their prices and adjust accordingly.

They said, “The CNG acknowledges some appreciable commitment to addressing economic challenges resulting from the naira’s instability against the dollar, which negatively impacted Nigerians’ purchasing power.

“However, the CNG expresses disappointment over the reluctance of businesses to reflect the current improvement in the naira by adjusting their prices, similar to how they did when the naira was floated.

“We are saddened to admit that despite sustained gains by the naira, including in the black market, exorbitant prices of goods and services remain prevalent across Nigeria.

“The CNG is deeply concerned about the current skyrocketing prices, which evidently expose some businesses as sworn enemies of Nigeria and Nigerians, despite claims for the contrary.

“The CNG emphasizes that businesses must take positive steps to reciprocate the naira’s stability by lowering the price of their products for the benefit of the common man. Failure to do so may constitute deliberate economic sabotage and exploitative tendencies against Nigerians.

“Businesses in Nigeria have moral and economic obligations to contribute to the overall well-being of Nigerians, which includes lowering prices to allow citizens to fully benefit from the strengthened naira.

“The CNG calls upon these businesses to reconsider their pricing strategies that are inimical to stabilizing the economy to alleviate the pangs of hunger and financial burdens faced by many Nigerians and

“Although profit is essential for any business, it should not come at the expense of Nigerians’ rights and privileges, which businesses must respect to enjoy a friendly business environment.

“The CNG believes that businesses should support initiatives aimed at controlling inflation and supporting consumers in line with best ethical business practices that encourage shared prosperity for all and sundry.

“Business entities must note that neither the country nor their businesses can achieve a sustainable growth and development when Nigerian masses continue to wallow in hunger and starvation.

“While the government has made strides in stabilizing and strengthening the naira, prices of goods and services have remained unchanged after their hikes due to a weaker naira.

“Hence, businesses must support efforts to stabilize the economy and recalibrate new prices in tandem with the current realities in the interest of all.

“The CNG calls on all stakeholders, including businesses, to take necessary actions that align with the greater interest of Nigerians for a stable economy that provides food for the downtrodden while allowing businesses decent returns on their investments.”

While we specifically acknowledge the efforts of the Office of National Security Adviser (NSA), Central Bank of Nigeria (CBN), and other relevant agencies in achieving this milestone, the CNG stresses that efforts should be sustained until a dollar is brought below ₦1000 for Nigerians to cope with the current economic challenges.

“Furthermore, the government, through the instruments of NSA and CBN, must continue in their efforts to maintain this momentum and implement further measures that will enhance the lives and livelihoods of all Nigerians without fear or favour.

“We at the CNG, suggests that government’s commitment to improving economic conditions should be matched with closer surveillance of major business conglomerates engaging in ethically abhorrent business practices that stifle economic mobility of the majority of Nigerians.

“The CNG, therefore, remains committed to advocating for the welfare of northern Nigerians and encourages all businesses in Nigeria, especially those in the north, to engage in responsible and transparent business practices.”

News

ALGON Orders Edo Council Officials To Wear Tinubu’s signature Caps

Published

3 hours ago

October 18, 2025

Editor

The Edo State chairman of the Association of Local Governments of Nigeria (ALGON), Hon. Sunny Ekpetika Ekpeson, has ordered all 18 local government chairmen in the state to ensure their officials wear caps branded with President Bola Tinubu’s insignia during official meetings.

A statement released by his media aide, Agbukor Apeakhuye, said the instruction applies to supervisory councillors, senior special assistants (SSAs), and special assistants (SAs).

According to the statement, the move was meant to “visibly demonstrate grassroots solidarity with President Tinubu’s administration and political vision in Edo State.”

Apeakhuye said the decision followed Governor Monday Okpehbolo’s recent call for political alignment across the state.

He noted that displaying political symbols at the local level is a way to strengthen support for President Tinubu ahead of the 2027 general election.

“The pledged 3.5 million votes for President Tinubu from Edo State must not remain a mere aspiration,” Ekpeson said.

“We must begin to build that momentum from the grassroots now, and this includes symbolic acts that reflect our political commitment.”

He urged all local government leaders to take the directive seriously, saying a unified show of support would send a strong political message.

News

Ebonyi Auto Crash Kills Six, Injures 14

Published

3 hours ago

October 18, 2025

Editor

Six persons have been confirmed dead, while 14 others sustained varying degrees of injuries in a ghastly motor accident that occurred along the Nkalagu axis of the Abakaliki–Enugu Expressway on Saturday morning.

The tragic incident happened near the Nkalagu Flyover Bridge at about 9:30 am, throwing the busy highway into confusion as emergency responders raced to the scene.

Confirming the accident, the State Sector Commander of the Federal Road Safety Corps, FRSC, Mr. Henry Igwe, revealed that 22 people were involved in the crash. He attributed the accident to dangerous overtaking involving a commercial Toyota bus and a truck.

Igwe explained that some of the injured victims were immediately evacuated to a hospital in Enugu by FRSC personnel and Red Cross officials, while others were taken to the General Hospital, Ezzamgbo, Ebonyi State, for urgent medical treatment.

The FRSC official also urged motorists to exercise caution and avoid dangerous driving, especially during peak travel periods, to prevent further loss of lives on the highways.

News

Brigadier-General, Other Officers Detained Over Alleged Coup Plot To Overthrow President Tinubu

Published

10 hours ago

October 18, 2025

Editor

At least sixteen senior military officers have been detained by the Armed Forces of Nigeria for allegedly planning a coup d’etat to overthrow President Bola Tinubu, top sources have told SaharaReporters.

A coup d’état is an overt attempt by a military organisation or other government elites to unseat an incumbent person or leadership.

While the Nigerian military in a statement few days ago claimed the detention of the officers was linked to “repeated failure in promotion examinations and perceived career stagnation”, top sources revealed that they were actually arrested over a coup plot.

“The Armed Forces of Nigeria wishes to inform the public that a routine military exercise has resulted in the arrest of sixteen officers over issues of indiscipline and breach of service regulations,” the Director of Defence Information, Brigadier General Tukur Gusau had said in an ambiguous statement.

“Investigations have revealed that their grievances stemmed largely from perceived career stagnation caused by repeated failure in promotion examinations, among other issues.

“Some of the apprehended officers had been under jurisdiction for various offences, either awaiting or undergoing trial. Their conduct was deemed incompatible with the standards of military service.”

However, a senior official of the Defence Intelligence Agency involved in the arrest told SaharaReporters that the officers led by an Army Brigadier General were planning to stage a coup and take over government from “selfish politicians”.

He said the coup attempt was thwarted after an intelligence gathering by the DIA and sister agencies.

“The 16 officers were planning a coup. The military authorities were just being diplomatic in the statement released by the spokesperson. They have started doing secret meetings on how to overthrow the President and other top government officials,” the source told SaharaReporters.

“They’re all officers within the rank of Captain to Brigadier-General and are still in detention at DIA as we talk. They were picked recently at their various houses around the country. Their main objective was to overthrow President Tinubu and announce a military government.”

Another source added that the October 1 Independence Day parade was cancelled because of the coup attempt.

He said, “Yes, they were arrested for planning to stage a coup and take over government. That was the main reason why the Independence Day parade scheduled to hold on Wednesday, October 1 as part of activities marking the country’s 65th Independence Anniversary was cancelled.

“This was because intelligence reports showed they planned the coup on October 1st during a military parade. So the National Security Adviser and other service chiefs asked the Tinubu-led government to cancel the parade earlier scheduled to mark the day.

“Their plan was to shoot at the President and other top politicians during the event. The move by the military authorities announcing their arrests was to douse tension.”

Since Nigeria became independent in 1960, there have been five successful military coups.

Recently, there have been allegations of corruption in the military which some of the officers and soldiers have blamed for their loss of interest in the country’s military.