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FG takes $1.95bn World Bank loans, ignores debt concerns
Nigeria secured a total of $1.95 billion in loans from the World Bank in the first four months of President Bola Tinubu’s administration amid concerns over the country’s rising debt profile. The loans are for education…
Diesel may trade near N1500/litre as oil prices spike
• FG to face another round of subsidy payment crisis The Federal Government will, in the coming weeks,…
Floating Naira: Importers Abandon Tokunbo Cars At Seaport
Due to the rise in foreign exchange rate, the Nigeria Customs Service (NCS), on Tuesday, said vehicle importers abandoned thousands of imported…
As Tinubu Returns… Labour Strike, Fuel Crisis, Others Beg For Attention
As President Bola Ahmed Tinubu returns to Nigeria, almost after two weeks away from the country, he will be greeted by harsh socio-economic conditions that…
3 reasons the 2024 election will be very different from 2020
With every passing poll, it looks more and more likely that the 2024 presidential general election will star the same two…
Wike sacks FCTA heads of parastatals, agencies
Nyesom Wike, minister of the federal capital territory (FCT), has terminated the appointments of the heads of parastatals, agencies and companies under the FCT administration. Anthony Ogunleye, director of press in the office…
‘Attempt to ridicule Obaship’ – Afenifere asks Obasanjo to apologise to Oyo…
Afenifere, a pan-Yoruba socio-political group, has asked former President Olusegun Obasanjo to tender a public apology to Oyo monarchs. During the commissioning of a road project in Oyo on September 15, Obasanjo had…
Ex-FIRS boss Nami approved N11bn ‘suspicious’ payments after his sack – Sources
After his exit as chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami went on to approve N6 billion as payments to several contractors and consultants, TheCable can report. Nami, who was succeeded by…
More troubles as Nigerian passport faces ‘devaluation’
Apart from the high fares Nigerians have to pay to travel to other countries, Nigerians holding green passports are faced with another problem of…
Ganduje Launches Fresh Attack on Kwankwaso, Calls Him Serial Loser
The national chairman of the ruling All Progressives Congress (APC), Abdullahi Ganduje, has, while mocking the presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, termed him a “serial…
BREAKING: Labour Party Declares Support for Proposed NLC and TUC Strike
The Labour Party has expressed support for the indefinite strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC)…
Tinubu to Honour 11 Citizens with Citizenship and Patriots Awards
President Bola Ahmed Tinubu has announced plans to bestow Citizenship and Patriots Awards on eleven Nigerians as part of the upcoming 63rd Independence Day…
New report ranks Nigeria 6th in the world for organised crime
Nigeria is ranked sixth in the world for organised crime, according to a 2023 Global Organized Crime Index report. The report stated that Nigeria continues to face various security challenges, corruption and other…
“Nigeria’s economy will pick up in 15 months” – Shettima declares
Vice President Kashim Shettima has expressed President Bola Ahmed Tinubu’s determination to provide the enabling environment for businesses to thrive in the country. Accordingly, Shettima tasked local and foreign…
Total Shutdown Imminent as Aviation and Banks Vow to Join Nationwide Strike
The aviation and banking industries have thrown their support as the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have announced plans to embark…
France says ambassador to Niger has returned to Paris
France’s ambassador to Niger landed in Paris on Wednesday after leaving Niamey following weeks of tensions between Paris and the post-coup regime in the West African country, the foreign ministry told AFP. The return of…
Donald Trump, sons found liable for fraud in New York
Donald Trump and his sons have been found liable for fraud in New York. A New York judge, Arthur Engoron, who delivered the ruling, cancelled the Trump Organization’s business certification, saying the Trumps provided…
N10.8bn fund: CACOL calls EFCC, others to investigate Abiodun, Adebayo’s matter
The anti-corruption organisation, Centre for Anti-Corruption and Open Leadership (CACOL), has called on Nigerian anti-graft agencies to wade into the allegation of diverted public fund brought by impeached chairman of…
Burglars raid Sergio Ramos’ home in Spain during Champions League match
Veteran Spain defender Sergio Ramos’ home was raided by burglars with his four young children inside while he was on Champions League duty with Sevilla last week, police and reports said Wednesday. “It is being…
Don’t interfere in NURTW crisis – MC Oluomo warns NLC
Chairman of the National Union of Road Transport Worker (NURTW), Lagos State Council, Alhaji Musiliu Akinsanya, popular as MC Oluomo, has warned the leadership of the Nigerian Labour Congress (NLC) not to interfere in…
American Man Found Innocent After Spending 28 Years In Prison For Rape
A 46-year-old American, Gerardo Cabanillas, who spent nearly 30 years in prison for kidnap, robbery and rape since 1995, has been declared innocent and freed,…
Nigeria loses bid to host AFCON 2027
The Confederation of African Football (CAF) has announced Kenya, Tanzania and Uganda as the joint hosts for the 2027 African Cup of Nations (AFCON). Patrice Motsepe, CAF president, declared the tripartite bid the winner…
Afreximbank approaches oil traders to finance $3bn loan to NNPC – Report
Afreximbank is approaching oil traders to finance a $3 billion loan to the Nigerian National Petroleum Company (NNPC) Limited, which is central to the country’s efforts to support the naira. On August 16, 2023, the…
‘Where is the money saved?’ — TUC asks FG to account for subsidy removal gains
Festus Osifo, the president of the Trade Union Congress (TUC), says the federal government has questions to answer as regards the gains of subsidy removal. President Bola Tinubu had announced the removal of petrol subsidy…