NEWS
Tinubu Govt Borrowed $6.45bn From W’Bank – Report
The Federal Government, under the President Tinubu-led govt., has secured loans worth $6.45 billion from the World Bank in just 16 months. The amount increased to the new figure following the recent approval of three new loans totalling $1.57bn from the World Bank for various projects in Nigeria and is expected to increase further in the coming months. This was as...
“Buhari Didn’t Approve Emefiele’s Naira Redesign” – CBN Ex-Deputy Gov.
A former CBN Deputy Gov., Edward Adamu, testified as the fourth witness in the trial of the immediate-past Governor of the CBN on Wednesday. Emefiele is being prosecuted by the Federal Government over the chaotic naira redesign policy of the CBN under his watch in late 2022. The ex-CBN helmsman faces four counts before Justice Maryanne Anenih of the Federal Capital...
Senate Endorsed LG Autonomy, Faults Govs Fresh Move
The Supreme Court's July 11, 2024 ruling, which gave the 774 LGAs nationwide financial autonomy, was endorsed by the Senate. It faulted moves by some governors to enact laws to mandate the local government councils in their states to remit allocations into a joint account. The Anambra State House of Assembly passed the Local Government Administration Bill 2024 on Tuesday, amid...
Senate Tackles Airlines Operating With Fewer Aircraft
The Senate is drafting a bill to regulate airline operations with the goal of reducing the number of routes flown by carriers with three or fewer aircraft. The lawmaker said though many operators were kicking against the move, he prayed that the bill scale through in the interest of the flying public. Buhari stated this on Wednesday in Lagos during the...
Electricity Tariff Hike: Court Dismisses MAN’s Suit
A Federal High Court in Lagos has dismissed the MAN's suit challenging the implementation of the Band A electricity tariff review by AEDC, others. A statement by the Nigerian Electricity Regulatory Commission on Thursday stated that the judgment was delivered on Monday. In the judgment, the court was said to have considered all the parties’ arguments and ruled that MAN’s suit...
Be Patient With Tinubu’s Govt, He’s Cleaning Ruins Left By Past Administrations
Minister of Women Affairs, Mrs. Uju Kennedy Ohanenye, has appealed to Nigerians to be patient with President Bola Ahmed Tinubu as he works to fix the country. The minister made her appeal during an event where she distributed palliatives to the less privileged in Awka, the Anambra State capital, on Wednesday. The palliatives included 5,000 bags of 10 kg rice, 300...
Ex-Minister Amaechi Calls Out Nigerians For Not Protesting High Cost Of Living (Video)
Former Minister of Transportation, Rotimi Amaechi, is frustrated with Nigerians' response to the country's economic challenges. In a recent interview, he expressed disappointment that youths aren't taking to the streets to protest the high cost of living, despite the economic hardship. https://youtu.be/HKec-nKLqK4 Amaechi emphasized that citizens should be outraged, citing the alleged embezzlement of public funds without consequences. He pointed to the...
Cameroon: After Long Absence, Officials Say Biya In “Excellent” Condition
Senior Cameroonian officials have said the country's President, Paul Biya is in "excellent" health condition, after his absence from public scene in the last one month. This had sparked concern on the condition of the the 91-year-old leader who has been in power since 1982. Biya was last seen in public space on September 8 when he attended a China-Africa forum...
FG Establishes Zero VAT On Pharmaceuticals
FG has completed the Executive Order to apply zero value-added tax and excise taxes on medical devices and pharmaceuticals. This was disclosed in a press statement on Wednesday, signed by the Head of Information and Public Relations at the Federal Ministry of Health and Social Welfare, Alaba Balogun. On June 28, 2024, the Coordinating Minister of Health and Social Welfare, Prof....
Senate Holds Emergency Session Over LG Autonomy
The Senate is in an emergency session to debate the financial autonomy granted to 774 local government councils by the Supreme Court in August. Senator Tony Nwoye (LP, Anambra North) raised a motion at the beginning of plenary, citing Orders 41 and 51 of the Senate Standing Rules. He alleged that some state governments were attempting to circumvent the Supreme Court’s...
