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Lawmakers Challenge Federal Government’s Persistent Loan Requests

Members of the National Assembly’s Joint Committees on Finance have criticised the federal government’s continued borrowing, despite surplus revenues generated by several MDAs in 2024. During deliberations on the 2025-2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper, lawmakers questioned the rationale behind a $2.2 billion loan request, particularly given the government’s claim of gaining over […]

Akwa Ibom Principal Suspended Over Allegations of Poor Hostel Feeding

The Akwa Ibom State Government has suspended the Principal-General of Presbyterian Senior Science College, Ididep, Nse Sunday Umoh, following allegations of poor feeding in the school’s boarding facilities. In a statement released in Uyo on Saturday, the State Commissioner for Education, Idongesit Etiebet, revealed that the suspension followed an unscheduled visit to the school by […]

Yuletide Cheer: Zenith Bank’s Annual Light-Up Draws Visitors to Ajose Adeogun Street

n line with its long-standing tradition, Zenith Bank has once again ushered in the Christmas season with the grand illumination of Ajose Adeogun Street and Roundabout in Victoria Island, Lagos. The lighting ceremony, held on Saturday, 23 November 2024, was led by the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr) Adaora Umeoji, […]

Governors Criticise APC Policies, Call for Pro-People Economic Adjustments

The Peoples Democratic Party (PDP) Governors’ Forum has called on President Bola Tinubu to reassess Nigeria’s macroeconomic and fiscal policies to ease the economic hardship caused by recent reforms introduced by the All Progressives Congress (APC)-led Federal Government. President Tinubu’s removal of fuel subsidies and the floating of the naira have led to a sharp […]

Edo Governor Sets Up Committee to Probe Obaseki

Edo State Governor, Senator Monday Okpebholo, has established a 14-member State Assets Verification Committee to investigate the administration of his predecessor, Godwin Obaseki. In a statement on Sunday, the Chief Press Secretary to the Governor, Fred Itua, announced that the committee would be inaugurated on Tuesday, 26 November 2024, at Government House in Benin City. […]

Senate Okays Tinubu’s Request for ₦1.77 Trillion Loan Amid Rising Debt Costs

Nigeria’s Senate has approved President Bola Tinubu’s request for a ₦1.77 trillion ($2.2 billion) loan to help bridge the 2024 budget deficit of ₦9.7 trillion. Deputy Senate President Barau Jibrin presided over the session on Thursday, during which the Senate approved the report submitted by the Senate Committee on Local and Foreign Debts, chaired by […]

Simon Ekpa Detained in Finland Over Alleged Terror Links to South-East Nigeria

Finnish authorities have detained Simon Ekpa, a pro-Biafra agitator, along with four others over allegations of involvement in terrorist activities. The Finnish National Bureau of Investigation confirmed that Ekpa is suspected of public exhortation to commit an offence with terrorist intent, while the other suspects face charges of financing terrorism. A police statement on Thursday […]

ICC Seeks Arrest of Israeli PM, Hamas Leader for War Crimes in Gaza Conflict

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Defence Minister Yoav Gallant, and Hamas military leader Mohammed Deif. According to an ICC statement released Thursday, Netanyahu and Gallant face charges of war crimes and crimes against humanity committed during Israel’s military actions in Gaza between 8 October […]

FAAC Distributes N1.41tn as October Revenue Surges to N2.668tn

The Federation Accounts Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government and other stakeholders for October 2024. This amount represents a significant portion of the N2.668 trillion gross revenue generated during the month. The increase in revenues from oil and gas royalties, excise duty, Value Added Tax (VAT), import duty, […]

ACF Backs Northern Candidates for 2027, Slams Tinubu’s Policies

The Arewa Consultative Forum (ACF) has pledged its support for northern candidates vying for the presidency and other positions in the 2027 general elections, citing the need to rescue both the region and the nation from worsening socio-economic challenges. During its National Executive Council meeting in Kaduna State, the forum expressed grave concern over the […]

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