Nigeria News
PDP Rep defects to APC, gives reason
Rep. Bello Yakubu (PDP-Kebbi State) has defected to the All Progressives Congress (APC). Yakubu disclosed this when he briefed journalists at Sir Ahmadu Bello International Airport in Birnin Kebbi on Monday. He said, “APC has been my party, and I came to realise that politics in our dear state is all about development. “People have […]
2023: Tinubu is Nigeria’s only solution – Oluwo
The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has described Bola Ahmed Tinubu, the All Presidential Congress (APC) as the solution to Nigeria’s challenges. He also described Tinubu as a unifier whose conducts have been instrumental to the sustenance of one Nigeria. In a statement signed by Alli Ibraheem, his Chief Press Secretary, Oba Akanbi […]
Customs denies auctioning over 7000 seized cars
The Nigeria Customs Service(NCS), has denied reports making the rounds that a special auction of over 7000 cars would soon be held by the Service. The Public Relations Officer of Customs, Deputy Comptroller Timi Bomodi, in a statement signed on behalf of the Comptroller-General of Customs, urged Nigerians to go online to the electronic auction […]
2023: What Gov Wike told Sanwo-Olu after commissioning flyover
Rivers State Governor, Nyesom Wike has told his Lagos State counterpart, Babajide Sanwo-Olu that the State will not cede its governorship position to the ruling All Progressives Congress, APC. Recall that Sanwo-Olu was in Rivers State yesterday to commission the Orochiri -Worukwo (Waterlines junction) Flyover in Port Harcourt. During the event, Wike, a former presidential […]
Sanwo-Olu’s aide, Sanyaolu, for burial Wednesday
The Senior Special Assistant to the Governor of Lagos State on Tertiary Education, Youth and Student Affairs, Omotayo Sanyaolu, will be buried on Wednesday. Sanyaolu died in an auto crash on Friday, July 29, 2022. State government officials have been paying tribute to the deceased who was said to have risked his life last year […]
Soyinka knocks Pyrates Confraternity for mocking Tinubu
Elder statesman, Prof Wole Soyinka, has expressed disgust at a viral video showing some purported members of the National Association of Seadogs otherwise called Pyrates Confraternity mocking the presidential candidate of the All Progressives Congress, Asiwaju Bola Tinubu, in a song. In the one minute, six seconds’ video, the members dressed in red and white […]
‘Obidients are noise makers, less than 0.25 percent’ – Senator Nnamani fires back
Senator Chimaroke Nnamani, representing Enugu East Senatorial District has described supporters of Labour Party, LP, presidential candidate, Peter Obi as noise makers who do not tolerate others. The former Enugu State governor claimed that Obi’s supporters, who are known as Obidients, are less than 0.25 percent of the entire 200 million Nigerians. His stand received […]
PDP chieftains defect to APC in Kebbi
Some chieftains of the Peoples Democratic Party (PDP) in the Zuru Emirate of Kebbi State have joined the ruling All Progressives Congress (APC). The News Agency of Nigeria (NAN) reports that the chieftains, who led the defectors were Alhaji Shehu Ribah from Danko/Wasagu, Alhaji Nuhu Goma from Zuru, Alhaji Adamu Jalalo from Fakai and Alhaji […]
Peter Obi meets Fayose in Lagos
The presidential candidate of the Labour Party, Peter Obi, on Sunday met with former Ekiti State Governor, Ayodele Fayose. Obi met the Peoples Democratic Party (PDP) chieftain at his residence in Lagos. An ally of Fayose, Lere Olayinka, confirmed this in a post on his social media handle. Lere Olayinka had shared photos of Fayose […]
Osun group raises alarm over alleged plot to free arrested wanted criminal
An Ede-based organisation, Makuarogun Alliance has raised alarm against alleged plans to have Rasheed Hammed, aka Rasheed Okoilu. It warned that releasing a criminal wanted by the police, arrested after a gun duel, would not only compromise the integrity of the law enforcement agencies, but also make the government and the police complicit in the […]
Business News
Nigeria, three others top World Bank debtors’ list
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial statement, showed that Nigeria was rated fifth on the list with $11.7bn IDA debt stock as of June 30, 2021. However, the newly released World […]
Debt servicing to hit N10.43tn, economists slam FG
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper. This is a 182.66 per cent increase from the N3.69tn budgeted for debt service in 2022. Multilateral agencies and economists have constantly warned the Federal Government about the rising cost […]
Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas the imports of agricultural goods into Nigeria during same period were estimated at N7.81tn, checks by our correspondent showed. It was gathered that the highest imports of agricultural goods into the country during the period […]
Buhari approves Seplat’s acquisition of Exxon Mobil shares
The President, Major General Muhammadu Buhari (retd.), has consented to the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. This is according to a tweet by the Presidency on Monday afternoon titled ‘President Buhari consents to the acquisition of Exxon Mobil shares by Seplat Energy Offshore Ltd.’ […]
Debt servicing to hit N10.43tn, economists slam FG
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper. This is a 182.66 per cent increase from the N3.69tn budgeted for debt service in 2022. Multilateral agencies and economists have constantly warned the Federal Government about the rising cost […]
FG pays N980bn arrears to MDAs’ retirees
The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies from the inception of the Contributory Pension Scheme in 2004 to December 2021. The Director-General, National Pension Commission, Aisha Dahir-Umar, disclosed this in her report on the pension industry for 2021. She said, “In addition, the Federal […]
NOVA Merchant Bank appoints new directors
NOVA Merchant Bank Limited has announced the appointment of two independent non-executive directors and one non-executive director. In a statement, the bank said it has promoted about 20 per cent of its workforce to various grade levels in the bank. The statement said the three new appointees are expected to strengthen the board and bring […]
Nigeria loses N891bn to gas flaring
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, NOSDRA, released on Sunday. The data revealed that the country lost a total of N707bn in 2021 and N184bn in the first half of 2022, totaling […]
Suzuki launches Celerio into Nigerian market
CFAO Motors has launched the completely revamped Suzuki Celerio in the Nigerian automotive market in Lagos. The company disclosed that Celerio is an addition to the collection of CFAO Motors’ latest technological advancements comes in a variety of colors. Speaking during the Suzuki Celerio model launch, the General Manager of Suzuki by CFAO, Aissatou Diouf […]
FG replants 20m hectares nationwide
The Federal Government has replanted over 20 million hectares of land across the country under its afforestation/reforestation programme, the Minister of Environment, Mohammed Abdullahi, said on Thursday. In his keynote address at the 16th meeting of the National Council on Environment in Abuja, the minister stated that the move was part of the government’s efforts […]