Prominent economist Bismarck Rewane said Nigerians are not interested in budgetary figures if the prices of basic commodities like rice, bread, and garri fail to go down. Rewane stated this in an interview on Channels Television’s Business Morning show on Thursday. “The people are not interested in whether the budget is balanced or what the debt is. How does it …
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The Senate President, Godswill Akpabio, has asked President Bola Tinubu to restrict Ministers and Heads of Ministries Departments and Agencies (MDAs) of the federal government from travelling outside the country during the period of budget defence. Mr Akpabio made the demand on Wednesday in his address at the presentation of the 2024 appropriation bill to a joint session of the National …
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The Olofin of Isheri and Adimula of Awori Kingdom, Oba Sulaimon Bamgbade, on Thursday said the Aworis were the first settlers in Lagos. Oba Sulaimon Bamgbade Bamgbade urged the Oba of Benin, Oba Ewuare II, to retrace the origin of the Benin Kingdom to Ile Ife, like the Aworis have always done. This is coming in response to a recent …
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Edo State Governor, Mr. Godwin Obaseki, has partnered with Emergency Response Africa (ERA) to launch a Technology-Enabled Emergency Medical Services Project (FID-EMS). Officials said the project is a transformative initiative to revolutionize emergency healthcare response and boost health insurance enrollment in Edo State. The Funds for Innovation in Development (FID), a financing mechanism of the French Government, committed to battling …
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WASHINGTON — United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned over 20 individuals and entities for their involvement in financial facilitation networks for the benefit of Iran. It stated that the activities of affected individuals and entities benefit Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and Iranian Armed Forces General Staff (AFGS), …
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New York (AP) — An Indian government official directed a plot to assassinate a prominent Sikh separatist leader living in New York City, U.S. prosecutors said Wednesday as they announced charges against a man they said was part of the thwarted murder conspiracy. According to report by the Associated Press, U.S. officials became aware last spring of the plot to …
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President Bola Tinubu has asked the National Assembly to pass the 2024 budget before 31 December to keep up with the January-December budget cycle. This was contained in the speech Mr Tinubu delivered on Wednesday at the joint session of the National Assembly where he presented the 2024 Money Bill. The president earlier presented a budget of N27.5 trillion to the lawmakers. …
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The Supreme Court has ruled that both the old and the redesigned Naira banknotes remain valid legal tenders in the country beyond December 31. The apex court, in a ruling by a seven-man panel led by Justice Inyang Okoro, on Wednesday, said the banknotes should remain in circulation, pending when the Federal Government, after due consultation with relevant stakeholders, takes …
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President Bola Tinubu presented his first full-year budget to the National Assembly on Wednesday. Below is the full speech the Nigerian leader, who was inaugurated on 29 May, delivered at the presentation. Budget of Renewed Hope Delivered By: His Excellency, Asiwaju Bola Ahmed Tinubu, GCFR President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja Wednesday, November 29, …
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The FCT High Court has adjourned the to January 18, 2024, for the continuation of his trial in the alleged procurement fraud suit against the former Central Bank Of Nigeria governor, Godwin Emefiele. The Federal Government had initially preferred 20 charges on procurement fraud to the tune of N6.5bn against the former CBN governor but was later reduced to six …
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