News
Prepare for increase in prices of bread, bakers alert Nigerians
Bakers have alerted Nigerians that prices of bread and other floor-based food items would seeon go up.
The alert was raised by the President of Premium Bread-makers Association of Nigeria (PBAN), Engr. Emmanuel Onuorah in an exclusive, adding that the cost of production materials has risen following the withdrawal of fuel subsidy and the liberalization of the foreign exchange (forex) market by the federal government.
He said- “For us in the premium bread making, it is a mixed feeling laced with a feeling of déjà vu”.
He noted that most of the baking ingredients are import dependent, adding that the floating of forex has led to increase in the cost of clearing of the ingredients.
Onuorah said: “Most of our baking ingredients are import dependent; ranging from flour produced from wheat, Ascorbic Acid, Calcium Propionate, Yeast and bread softener. They are mostly imported. The forex floating led to increase in amount used for clearing; we know this will certainly lead to increase in prices of bread.
“The flour millers even wanted to use the forex floating as an alibi to increase the price of wheat flour; if they do that the price of bread would go up significantly because we would pass on the cost. With any increase in the price of bread now, there will certainly be more drops in sales and more bakeries will certainly close shop”.
On the impact of the fuel subsidy removal, he said: “We feel that the decision was hasty without a clear cut plan on how to mitigate the fall-out of the policy on businesses and Nigerians. The President announced the policy before thinking of how to manage the fall-out, more like putting the cart before the horse.
“The impact on my members was spontaneous because our workers were not able to afford the transport fare that spiked astronomically thereby impeding production due to unavailability of workers.
“Some of our members have delivery vans that use fuel; it spiked their cost of delivery which dovetailed into increased cost of production and reduced margins. Our distributors use delivery vans that use fuel likewise, it affected their sales with the attendant drop in our volumes.”
The bakers’ chief also added that “the imposition of 7.5% VAT on diesel by the new government, the price shot up immediately and this affected our production and sales negatively.”
News
Turaki-led PDP wins as Court of Appeal affirms Wole Oluyede as duly nominated candidate for Ekiti
Dr. Wole Oluyede has been affirmed as the duly nominated candidate of the Peoples Democratic Party, PDP, for the Ekiti State governorship election.
The Court of Appeal, Akure Division, made the affirmation in a landmark judgment, thereby giving validity of the Peoples Democratic Party (PDP) primary election for the same.
In a unanimous decision, the three-man appellate panel led by Hon. Justice Peter Chudi Obiorah, alongside Hon. Justice Jane Esienanwan Inyang and Hon. Justice Peter O. Affen, set aside the earlier judgment of the Federal High Court, Ado-Ekiti.
The justices held that the primary election conducted by the Kabiru Tanimu Turaki-led National Working Committee (NWC) was valid, transparent, and complied with the party’s constitution and the Electoral Act.
On the 13th of January, 2026, the Federal High Court, Ado-Ekiti nullified the Ekiti State Governorship primary election conducted on the 8th and 9th November, 2025.
Dissatisfied with the judgment, the Party appealed to the Court of Appeal and today, the Court of Appeal allowed the appeal and set aside the judgment of the Federal High Court..
The Court further held that the primary election was duly conducted.
This judgment effectively puts to rest the leadership and candidacy disputes that have shadowed the party’s preparations for the 2026 Ekiti State Governorship Election. By upholding the Turaki-led process, the Court has provided the necessary legal finality to ensure the PDP enters the general election as a unified front.
News
India slaps Nigeria, rejects Tinubu’s ambassador-designate
India and some other countries have reportedly declined to accept some of President Bola Tinubu’s recently posted ambassadors-designate due to diplomatic policies that discourage receiving envoys from administrations with less than two years remaining in office.
According to reports in the media, India, where career diplomat Ambassador Muhammad Dahiru has been designated to serve, maintains a standing policy against accepting ambassadors from governments with tenures of less than two years remaining.
India is exercising its discretionary powers to turn down the Ministry of Foreign Affairs’ request to accept Dahiru’s posting.
According to sources quoted by the report, the Federal Government was already receiving signals from New Delhi and possibly other capitals about their reluctance to grant agrément.
Agrément is the formal approval given by a receiving country to accept a diplomat designated by the sending country, and it is a prerequisite before an ambassador can assume duty.
“They don’t accept an ambassador from an administration that has less than two years in office. So they are giving us that body language already,” a Presidency official was quoted to have said
The source continued, “Some countries are reluctant to accept some people, not because of the individuals but because of time. They are already seeing the Tinubu government as an outgoing government.
“So their concern is that he has just one year left, so what if he doesn’t win the election? Another government may come and remove them. We also understand that some countries have this policy. Any ambassador from an administration that has less than a year or two in office will not get accepted. And one of such countries is India.”
News
Belonging to two political parties to attract imprisonment
The House of Representatives on Wednesday amended Section 77 of the recently assented Electoral Act 2026 to prescribe two-year jail term or N10 million fines or both, for anyone who knowingly maintains membership of two political parties at the same time.
Lawmakers during the committee of the whole presided by Deputy Speaker Benjamin Okezie Kalu, made amendment to section 77 of the 2026 Act by inserting three new clauses 8, 9 and 10 which were considered and approved by lawmakers after a heated session of back and forth debates.
According to the new clauses approved by lawmakers, any party member found to be registered as member of more than one political party at the same time will have his or membership of the said parties voided.
Clause (8) of the approved amendment stipulates that “A person shall not be registered as a member of more than one political party at the same time.”
Clause (9) stipulates that “Where it is established that a person is registered as a member of more than one political at the same time, such dual membership shall be void, and the person shall cease to be recognised as a valid member of any political party pending regularisation in accordance with the provisions of this Act and the constitution of the political party concerned.
Clause (10) stipulates that “A person who knowingly registers or maintains membership in more than one political party at the same time commits an offence is liable on conviction to a fine of N10,000,000 or to imprisonment for a term of two years, or both.”
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