Notwithstanding Nigeria owing $86.39 billion (N32.9 trillion) to external creditors, the nation will continue to borrow to finance infrastructural development, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said yesterday. She also stated that a supplementary budget for 2021 was being prepared for submission to the National Assembly for approval in March. […]

MEMBERS of the House of Representatives on Wednesday blamed the delay in the amendment of the Electoral Act on the ongoing nationwide registration/revalidation exercise by the All Progressives Congress. The House said it would consider and pass the report on the Electoral Act Amendment Bill 2020, when its members, who are in their constituencies to […]

Former Governor of Ekiti State, Ayodele Fayose, on Wednesday, said he has no interest in the rumoured presidential ambition of All Progressives Congress chieftain, Bola Tinubu, in 2023. Fayose, who stated this on a PUNCH Live interview, expressed confidence that his party, the Peoples Democratic Party, would produce Nigeria’s president in the 2023 general elections.   He […]

The Asset Management Corporation of Nigeria said it has filed a notice of appeal at the Court of Appeal, Abuja judicial division, following Justice Okon Abang’s ruling of Tuesday, February 22, 2021, which was unsatisfactory to it. In a statement on Wednesday titled ‘N69.4bn debt case between AMCON & Jimoh Ibrahim heads to court of […]

Shop owners and traders at the Timber Market in the Marine Base axis of Port Harcourt, Rivers State, woke up to see their merchandise all in flames following a midnight fire. It was learnt that the fire started from the casket section of the market about midnight breaking into Thursday, even as those affected said […]

The Conference of Speakers of State Legislatures of Nigeria has called on relevant authorities to ensure the prosecution of the perpetrators of the recent crisis between Hausa traders and Yoruba community at Shasha market in Ibadan, Oyo State. The Conference noted that the prosecution and conviction of those that fuelled the crisis would serve as […]

The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to support the purchase of 270 million doses of COVID-19 vaccines for African countries, including Nigeria. President of the bank, Prof. Benedict Oramah, at a virtual Africa Soft Power Series, on Tuesday night, however, stated that the bank is seeking to […]

A member of the House of Representatives from Ondo State, Peter Makinde, has defected from the African Democratic Congress to the All Progressives Congress. Makinde, in his letter of defection which was read to members by the Speaker, Femi Gbajabiamila, during plenary on Tuesday, blamed his action on alleged divisions in the ADC. “You’re welcome […]

David-Chyddy Eleke reports that a governorship aspirant of the Peoples Democratic Party, Mr Valentine Ozigbo has given the party a boost in its quest to win over Anambra State in the forthcoming governorship election Though there are several political parties in Nigeria, just four of them have enough roots in Anambra State to be able […]

A high court at the Federal Capital Territory yesterday nullified Security and Exchange Commission’s (SEC) indefinite suspension of Oando Plc’s Annual General Meeting (AGM), two years ago, ruling that shareholders of the company have the rights of association as well as to assemble and hold an AGM. The judgment followed a suit filed by Mr. […]