NewsReports

Edun: health (N350b), agriculture (N500b), power generation (N500b) get priority Two million bpd oil production Reduced interest rate for SMEs Three Executive Orders signed The Federal Government has injected N2 trillion into the economy to stimulate it. It was unveiled by President Bola Ahmed Tinubu yesterday as part of an accelerated stabilisation and advancement plan. Its target is economic revival in the …

Starmer declared, “A mandate like this comes with great responsibility.”  Keir Starmer, the Labour leader set to become the first Labour prime minister in 14 years, pledges that his government will prioritise “country first, party second.” Starmer declared, “A mandate like this comes with great responsibility.”  He stressed that his administration would focus on “national renewal,” aiming to rebuild and …

Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump prices and international fuel costs, six industry sources told Reuters. Although this was swiftly described as false by NNPC on Thursday, the Reuters report …

WASHINGTON — President Joe Biden on Thursday opened a critical stretch in his effort to salvage his imperiled reelection campaign, facing a growing sense that he may have just days to make a persuasive case that he is fit for office before Democratic support for him completely evaporates. In the aftermath of Biden’s disastrous debate performance last week against Republican Donald Trump, some financial backers were …

Trump, on his Facebook page, claimed that Biden’s actions are part of a broader strategy to undermine his rivals. Republican presidential candidate Donald Trump has accused President Joe Biden of using prosecutors to target his political opponent. Trump, on his Facebook page, claimed that Biden’s actions are part of a broader strategy to undermine his rivals. Trump criticised Biden’s recent …

The Court of Appeal, Abuja division, on Thursday, dismissed the ex parte order issued on May 10, 2024, by the Rivers State High Court, Port Harcourt, which barred Martin Amaewhule from parading himself as the Speaker of the Rivers State House of Assembly.  The court also dismissed the decision of the state high court stopping the 24 members of the …

LONDON — Britain’s Labour Party swept to power Friday after more than a decade in opposition, as a jaded electorate handed the party a landslide victory — but also a mammoth task of reinvigorating a stagnant economy and dispirited nation. Labour leader Keir Starmer will officially become prime minister later in the day, leading his party back to government less than five years after …

The Federal Government, on Thursday, said no fewer than 10 states and the Federal Capital Territory, Abuja, had either experienced various degrees of flooding or recorded casualties as rains intensified. The Minister of Water Resources and Sanitation, Prof Joseph Utsev, who dropped the red alert during a press briefing in Abuja, warned that 21 more states might suffer flooding. He …

JERUSALEM — The Israeli government has approved plans to build nearly 5,300 new homes in settlements in the occupied West Bank, a monitoring group said Thursday, the latest in a campaign to accelerate settlement expansion, aimed at cementing Israeli control over the territory and preventing the establishment of a future Palestinian state. Word of the decision emerged as diplomatic efforts …

BEIRUT — The Lebanese Hezbollah group said it launched over 200 rockets on Thursday at several military bases in Israel in retaliation for a strike that killed one of its senior commanders. The attack by the Iran-backed militant group was one of the largest in the monthslong conflict along the Lebanon-Israel border, with tensions escalating in recent weeks. The Israeli military …