Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has appealed to the House of Representatives to show understanding and allow the new cashless policy succeed in the interest of Nigeria’s economy. Emefiele who bowed to pressure and made appearance before the ad-hoc committee of the House, making intervention over the deadline set by the CBN for the Read More
The Independent National Electoral Commission (INEC) offices across Ondo state were Wednesday besieged by enthusiastic, who came to collect their Permanent Voter Cards (PVCs). Investigation showed that crowd of people in all the collection points increased as citizens trooped out in large numbers to collect their PVCs, moreso as the state government declared a work-free day for workers in Read More
Since the emergence of Peter Obi as the presidential candidate of the relatively unknown Labour Party, the Nigerian political landscape has been charged as never before. And many Nigerians who have shown little interest in the issues of politics and governance in the past seem to be let unhinged from their lethargic cage. The Independent National Electoral Commission (INEC) recorded Read More
Nigeria will pay N1.8 trillion ($4 billion) extra interest in 2023 if the National Assembly rejects a loan-to-bond swap request on the central bank’s overdrafts to the government, President Muhammadu Buhari said on Tuesday after signing the 2023 budget into law. The Senate last week delayed a decision on the president’s request to convert $53 billion worth of central bank Read More
The Accountability in the Extractive Cluster led by Social Action and Civil Society Legislative Advocacy Center (CISLAC) on Wednesday trained students of the Nile University of Nigeria on the required skills to ensure transparency and accountability in the extractive sector. The Programme Officer, CISLAC, Muna Ugochukwu while speaking at the outreach in Abuja stated that the students outreach with the Read More
The Federal Government says it has allocated N6.6 trillion to debt service in the 2023 budget signed by President Muhammadu Buhari on Tuesday at the Presidential Villa in Abuja. Recall that the 2023 appropriation bill was increased by N1.32 trillion to N21.83 trillion, from the N20.51 trillion proposed by President Buhari. Details of the signed budget revealed that debt servicing Read More
An advocacy group, under the aegis of Coalition for New Nigeria, has charged elders and major stakeholders of the Peoples Democratic Party, PDP, to come together in harmony to improve the party’s chances of electoral victory in the upcoming presidential election. Speaking at a world press briefing in Abuja on Thursday, National Coordinator of the group, Prince Stanley Okorie, stated Read More
Former Deputy Senate President, Senator Ike Ekweremadu, Thursday, at the Federal High Court in Abuja accused the Economic and Financial Crimes Commission (EFCC) of being responsible for his travails at the London Court where he is in detention. The Senator who has been in custody in London over an alleged organ harvest told the Court that the anti-graft agency wrote Read More
The governor of Rivers state, Nyesom Wike, has said what he is demanding is that the North should relinquish Peoples Democratic Party (PDP) national chairmanship to the South. He maintained that he has no personal issue with the party’s presidential candidate, Atiku Abubakar. Speaking while hosting political associates and Rivers Elders Council led by its chairman, Chief Ferdinand Alabraba, on Read More
The House of Representatives has asked the Central Bank of Nigeria (CBN) to rescind its planned implementation of cash withdrawals limits it earlier announced. The apex bank n the policy made public recently stated a cash withdrawal limit N100,000 weekly, and N20,000 daily for individuals and N500,000 daily maximum for corporate entities. The House in a resolution on the matter Read More
A bill seeking to exempt management staff of the National Assembly from the contributory pension scheme by amending the Pension Reform Act, 2014 to that effect has gotten stalled in the House of Representatives, as its third reading has been deferred. As alternative to National Pension Commission (PENCOM) coordinated scheme, the proposal intends to establish the National Assembly Service Pensions Read More
The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, the president of the African Development Bank told Reuters, even as some nations push to see use of the fuel curtailed. Agreeing a deal on fossil fuels is among the key sticking points at the talks, with some Read More
The Kogi state governor, Yahaya Bello, has presented a total budget estimate of N172 .09 billion to the state House of Assembly for approval. The 2023 budget estimate tagged: “The Budget of Transformation,” was divided into recurrent expenditure of N101,299,129,341representing 8.86% and capital expenditure of N70,791,657,951 representing 41.14%. While presenting the 2023 draft budget to the state House of Assembly Read More
The Minister of State for Petroleum Resources, Chief Timipre Sylva has restated government’s eagerness and commitment towards achieving its Net-zero emission targets by 2060. In a statement by signed, Director (Information) in the ministry Enefaa Bob-Manuel said the minister gave the assurance at the 7th National Council of Hydrocarbons which held in Minna, Niger State. Sylva, who was represented by Read More
The Academic Staff Union of Universities (ASUU) Monday called on Nigerians to prevail on the federal government to pay its members their withheld eight-month salaries to avert a fresh crisis in the nation’s universities. The union alerted that the looming crisis would surpass previous one experienced in the nation’s university if the federal government failed to heed their call. Chairman University of Read More
Nigerian equity market got a boost last week, topping N1.7 trillion to close at N25.8 trillion. The market rose on the back of Airtel, Dangote Cemnet and BUA Cement among others. Buying interest in Bellwether stocks saw the local market closed bullish. AIRTELAF (+14.2 per cent), DANGCEM (+10.0 per cent), MTNN (+6.6 per cent), BUACEMENT (+9.7 per cent) and BUAFOODS Read More
Some presidential candidates Sunday proffered solutions to Nigeria’s security challenge as they unanimously agreed there is need for coordinated intelligence gathering. They spoke at the town hall meeting organised by Arise Television in collaboration with a civil society organisation – the Centre for Democracy and Development – monitored by Blueprint in Abuja. At the meeting were presidential candidates of the Labour Party (LP), Mr Peter Obi; New Nigeria Peoples Party Read More
A former Aviation Minister, Femi Fani-Kayode, has said the endorsement of the Labour Party (LP) presidential candidate, Peter Obi, by the acting leader of Afenifere, Pa Ayo Adebanjo, was out of hatred for former Lagos state governor, Bola Tinubu. This is amid the seeming split in the pan-Yoruba socio-political group, emanating from the recent endorsement of the All Progressives Congress Read More
The Economic Community of West African States (ECOWAS) fact-finding mission for Nigerian elections on Wednesday met with the management of the Independent National Electoral Commission (INEC), in Enugu state with a view to ensuring free, fair and credible polls come 2023. The mission also met with the members of the Civil Society Organisations, media practitioners and political parties and Read More
The Department of State Services (DSS) has confirmed that Tukur Mamu, the self-acclaimed Kaduna Train hostage negotiator, was in its custody. The service in a press statement by the Public Relations Officer (PRO), Dr Peter Afunanya, Wednesday in Abuja, said: “The DSS has been inundated with enquires in respect of the arrest or otherwise of Tukur Mamu, the self-acclaimed Kaduna Read More
A Federal High Court in Abuja on Wednesday ordered the interim forfeiture of about 10 properties and funds in banks allegedly owned by a former governor of Zamfara State, Abdulaziz Yari. Justice Obiora Egwuatu gave the order while ruling in an ex-parte application by lawyer to the Independent Corrupt Practices and other related offences Commission (ICPC), Osuobeni Ekoi Akponimisingha. Justice Read More
In 1999, the heads of state and government of the Organisation of African Unity (OAU) issued a declaration for the establishment of an African Union {AU} with a view to accelerating the process of integration for common good of the continent. The OAU initiative paved the way for the birth of AU in July 1999 with a vision of an Read More
The federal government Monday declared planned investigation into contracts allegedly signed by previous administrations with Process and Industrial Development Limited (P&ID). The contracts put at $10 billion, it said, were in breach of due process and procedure and capable of undermining the nation’s economy. Minister of Justice and Attorney General of the Federation Abubakar Malami (SAN) stated this while appearing before Read More
The Human Rights Writers Association (HURIWA) has berated the Minster of Women Affairs, Dame Pauline Tallen and her counterpart in the ministry of education, Mallam Adamu Adamu, over their alleged inaction with regards to the rape of a – 14 year old boarding student of Premiere Academy, Lugbe, Keren-Happuch Akpagher, which eventually led to her death. Mother of Keren-Happuch, Vivien Read More
Former president Olusegun Obasanjo will deliver lecture on ‘The Nation and University System’ at the 16th convocation ceremony of Bowen University, Iwo, Osun state, Saturday. The University will also honour the Ebola heroine and physicians, late Stella Adadevoh, with a Doctor of Science in Public Health. The Vice Chancellor of the University, Prof. Joshua Ogunwole, disclosed this during a press Read More
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