The Federal High Court in Lagos has restrained the National Broadcasting Commission (NBC) from sanctioning broadcast stations and presenters over the expression of personal opinions, alleged intimidation of guests, or failure to maintain neutrality. It was made to understand that Justice Daniel Osiagor granted the interim injunction on Monday following an ex parte application filed by the Socio-Economic Rights and Accountability Project (SERAP) and the Nigerian Guild of Editors (NGE). The suit was argued by counsel to the applicants, Adeyinka Olumide-Fusika (SAN). The court order prevents the NBC from enforcing several provisions of the 6th Edition of the Nigeria Broadcasting Code pending the determination of the substantive motion before the court. Justice Osiagor ruled, “ That an order of interim injunction is granted restraining the Defendant, its officers, agents, privies, assigns, associates or any other person or group of persons from enforcing, imposing sanctions, ...
The federal government has ruled out any return to fuel subsidies or the introduction of price controls, reaffirming its commitment to market-driven economic policies. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made this known on Tuesday in Paris, stating that subsidy regimes distort the economy and will not be reinstated. He added that while the government supports market pricing, regulatory oversight would remain to prevent exploitation across the supply chain. “We will not bring back subsidies because they create distortions in the economy, and we will not introduce price controls because we believe in markets while ensuring that regulation is responsible so that no supplier, trader, or manufacturer takes advantage of the Nigerian people,” he said. Oyedele also noted that global developments, including tensions involving Iran, present both risks and opportunities for Nigeria, particularly in attracting energy investments and maximising revenue under...