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Debt Service Gulps 70% Of Dollar Outflow In Q1
Nigeria spent about 70% of its dollar payments to service external debts between January and March 2024.
According to data from the Central Bank of Nigeria (CBN), out of the $1.61 billion in total outflows made…
Tinubu-Shettima supporters vow to expose appointees plotting against President’s 2027 interests
Some members of the All Progressives Congress under the umbrella of Southwest Tinubu-Shettima Presidential Supporters Movement have called on…
JUST IN: Tinubu Offers Fresh Appointment To Petroleum Minister
President Bola Tinubu has approved the appointment of the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, as the Co-Chairman of the Governing Council of the Nigerian Content Development and Monitoring Board…
“Your appointments lopsided, Nigeria is more than Lagos state” – Borno elders tell Tinubu
Prof Khalifa Dikwa, the Dean of Borno Elders Forum, has criticised the appointments made by President Bola Ahmed Tinubu, saying the focus on Lagos indigenes does not bode well for the country.
Dikwa also accused the…
Reps Probe Lagos-Calabar Coastal Highway Contract
The House of Representatives on Thursday set up an ad-hoc committee to investigate the procurement process of the contract for the Lagos-Calabar Coastal Highway project and report to the House within four weeks.
The…
Resist Binance’s blackmail – U.S. Mayor urges FG
A United States Mayor, Mr Mike Arnold, has urged the Federal Government to discountenance the allegation by Binance, a Cryptocurrency platform, that an unnamed Nigerian official demanded a $150 million bribe to frustrate the…
IMF endorses Tinubunomics, commends FG for tax policies, monetary policies
The International Monetary Fund (IMF), the financial body has endorsed the economic reforms implemented by President Bola Ahmed Tinubu’s administration, noting significant strides in addressing Nigeria’s economic and…
Senate Okays Death Penalty For Drug Traffickers
The Senate has approved the death sentence as a penalty for drug traffickers in the country, as it passes through the third reading, the 2024 NDLEA Act (Amendment) Bill.
The proposal was adopted on Thursday when the Senate…
Northern Elders oppose CBN’s cybersecurity levy
The Northern Elders Forum (NEF), a prominent socio-cultural organization representing the interests of the Northern region of Nigeria, has strongly condemned the Central Bank of Nigeria’s recent decision to impose a…
NYSC DG VISITS HOSPITALISED CORPS MEMBERS
The Director General of National Youth Service Corps, Brigadier General Yushau Dogara Ahmed has paid a sympathy visit to the Corps Members who were involved in a fatal road…
JUST IN: Former aviation minister, daughter, and two others granted ₦100 million bail each
A Federal High Court in Abuja has granted bail of ₦100 million each, with two sureties, to former Minister of Aviation, Hadi Sirika, his daughter, and two other defendants.
The quartet is facing trial over an alleged…
Ekiti, Cross River, Ogun seek ‘suspension’ of foreign debt payment due to FX volatility
Ekiti, Cross River, and Ogun states have proposed the suspension of their foreign debt repayments.
The proposal comes amid a severe foreign exchange (FX) volatility, which state officials claim has significantly…
With Cybersecurity Levy, it will cost about N135 to transfer N10,000
With the addition of the Cybersecurity Levy, it will cost N80.88 to transfer N10,000 and N54 to receive it as per the Central Bank of Nigeria (CBN) policies, reducing the real value exchanged to N9,865.
The fees are…
‘They’re too cold, dissolve your cabinet now’ — Jimoh Ibrahim tells Tinubu
The Senator representing Ondo South Senatorial District, Jimoh Ibrahim, has asked President Bola Tinubu to dissolve his cabinet immediately.
The Ondo senator made this call in an interview on Channels Television’s…
Akanmu, UNILAG’s best graduating student becomes Knight-Hennessy Scholar at Stanford
David Akanmu, who was the Best Graduating Student at the 54th convocation ceremony of the University of Lagos, UNILAG, has been selected as a 2024 Knight-Hennessy Scholar at Stanford University in the United States.…
“Halt Lagos-Calabar Coastal Highway Now’ – Afenifere tells FG
the pan-Yoruba socio-political organisation, Afenifere, has advised the Federal Government to halt and review the project after several calls by some Nigerians to re-examine the socio-economic and environmental impact of…
Alleged $30bn loot report: First News apologises to Gbajabiamila as abducted editor resigns
The management of First News online newspaper has tendered an apology to the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, over a news story titled “How Gbajabiamila attempted to corner $30bn, 66…
Speaker Overrules Member Calling For Suspension Of Cybersecurity Levy
The Speaker of the House of Representatives, Abbas Tajudeen, yesterday stepped down a motion calling for the suspension of the cybersecurity levy, which has sparked widespread dissatisfaction.
Daily Trust reports that since…
Naira depreciates further as dollar sales to BDCs wobble
•Speculation, hoarding reemerges •Push Naira to N1,450/$ in parallel market
The declining fortunes of the Naira persisted yesterday with further depreciation in the parallel and official markets due to the…
Death threat: My life in danger, Iwuanyanwu cries out
The President General of Ohanaeze Ndigbo, Chief Emmanuel Iwuanyanwu, has raised the alarm over alleged threat to his life.
He stated that some…
Alleged N500 million defamatory suit: Court grants Sunday Igboho order of substituted service on…
An Oyo State High Court, sitting in Ibadan, presided over by Justice M.I. Sule, has granted an order of substituted service on Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, in an alleged defamatory suit filed…
Rivers crisis: Fireworks begin as new Speaker emerge
A new speaker has emerged in Rivers State Wednesday May 8, 2024, to signal the much-awaited showdown in state’s deteriorating political crisis which seems to be here.
Already, hidden cards or fists are appearing every…
LASG offers 40% discount on building permit
The Lagos State Government has offered a discount and amnesty programme to encourage property owners to get the necessary permits and comply with building regulations.
The News Agency of Nigeria reports that the…
Zenith Bank shareholders approve record N125bn dividend
The shareholders of Zenith Bank Plc have approved the record N125bn dividend proposed by the group’s board of directors.
The approval was given at the 33rd Annual General Meeting of Zenith held at the Civic Centre,…