Nigeria has secured an additional $925 million loan from the African Export-Import Bank (Afreximbank) to help stabilize the country’s economy. In a statement on its website on Thursday, Afreximbank announced an additional disbursement of $925m under the syndicated $3.3bn crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited. Its latest accordion…
The Presidency has dismissed reports that the Minister of Finance and coordinating minister of the economy, Wale Edun proposed N105,000 minimum wage. In a statement on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, he described such report as false. He said, “The Honorable Minister of Finance and coordinating…
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has reacted to video footage where he was captured asking some permanent secretaries to bow before President Bola Ahmed Tinubu. Wike spoke on Thursday, during the commissioning of the seventh FCT project as part of activities marking President Bola Ahmed Tinubu’s one year in office….
Projections indicate that acute food insecurity is expected to intensify in scale and severity within 18 hunger “hotspots,” including Nigeria. According to a recent report by the United Nations, there is a pressing need for aid to prevent famine in Gaza and Sudan, while also addressing the worsening hunger crises in Haiti, Mali, and South…
The Governor of Abia State, Dr. Alex Otti, says useful information about the killers of five soldiers in Aba on May 30, has started coming in. Otti who made the revelation on Thursday when he visited the 144 Battalion Osisioma, Abayi, near Aba, reaffirmed the resolve of the state Government to fish out the perpetrators…
The Federal government on Thursday unveiled Nigeria’s first scientifically-based Audience Measurement System, AMS for the broadcast industry. The technology driven system is expected to provide accurate TV audience information for investors and increase investment in the Nigerian media industry, create jobs and boost sector contribution to Gross Domestic Product, GDP. According to the committee, the…
The Nigerian Senate on Thursday passed for a third reading the anti-doping Bill seeking to prohibit Nigerian athletes from consuming performance-enhancing substances during or after sporting competitions. This followed the consideration and adoption of a report of the Senate committee on judiciary, human rights, and legal matters presented by its chairman, Senator Mohammed Monguno during…
Indigenous People of Biafra, on Thursday, dismissed the bill seeking to create an additional state for the South-East. IPOB spokesman, Emma Powerful, said the Igbo people needed a referendum to exit Nigeria and not the creation of an additional state. A bill seeking the creation of an additional state for the South-East passed the first…
Secretary to the Government of the Federation, George Akume, has lamented that the wage increase demands being made by organised labour are not realistic. Akume spoke in Abuja on Thursday, June 6, during a meeting with the National Executive Council (NEC) of the Christian Association of Nigeria (CAN). He addressed the Christian community for support…
A bill seeking the creation of an additional state in the South-East geo-political zone has passed first reading at the House of Representatives. The state if created will be known as ‘Orlu State’, with its capital in Orlu. The bill, seeking to alter the 1999 Constitution (as amended) was sponsored by the member representing Ideato…
