NewsReports

•Sub-nationals share N15.8 trillion from FAAC in four years• Corruption, poverty, insecurity, disputes retard growth• IGRs less than 40 per cent of states’, LGs’ allocations• Silence over CBN salary bailout loan status  Despite raking about N15.8 trillion from the Federation Account Allocation Committee (FAAC) in less than four years, the majority of sub-national governments are reeling in huge debts just …

Defies 45% increase in revenue   The Federal Government recorded an 11 per cent, year-on-year, YoY increase in deficit spending to N7.88 trillion in seven months, from January to July, from N7.13 trillion in the corresponding period of 2022. The rise in deficit spending  was driven by 20.5 per cent increase in expenditure which moderated the impact of a 45 per cent increase …

The Army yesterday apologised for its error in bombing worshippers in Kaduna State on Sunday night. A routine air strike by the Army intended to attack terrorists hit some civilians during a religious celebration at Tudun Biri village, Afaka ward of Rigasa District in Igabi Local Government Area. December 6, 2023 President Bola Ahmed Tinubu ordered a thorough probe to prevent a …

Nigeria’s  Naira strengthened to N806. 73 to the dollar at the official foreign exchange (FX) market on Tuesday, as against N837.77 to the greenback which it closed at, on Monday. Dealers said the local currency’s appreciation followed a moderation in dollar demand at the official foreign exchange market. At the close of trading on Monday, the dollar was quoted at …

LONDON — Former Prime Minister Boris Johnson, who led Britain through the coronavirus pandemic before being ousted by scandal, is set to defend his record on Wednesday at a public inquiry into the country’s handling of COVID-19. Johnson will be grilled under oath by lawyers for the judge-led inquiry about his initial reluctance to impose a national lockdown in early 2020 and …

•Says life now unbearable for workers Amidst rising cost of goods and services in the country, the Nigeria Labour Congress (NLC) has said it would ensure that the next national minimum wage to be negotiated in 2024 reflects the prevailing cost of living. It lamented that following the removal of fuel subsidy by the federal government, life has become extremely …

• It’s wasteful, an act of self-enrichment, says Olukoju• Govs should make schools safe and attractive• States to build more primary, secondary schools As Nigeria struggles to meet the goal four of the United Nations Sustainable Development Goals (SDGs) and tackle the increasing menace of out-of-school children, some states have continued to expend millions of naira on overseas training for …

The UK has announced it would raise the minimum salary threshold for a skilled worker visa and prevent overseas health and social care staff from bringing family dependents to Britain. Prime Minister Rishi Sunak’s office trumpeted the proposals as “the biggest clampdown on legal migration ever”. But critics said it would damage the state-run National Health Service (NHS), which faces …

•Says commission must begin to obey laws, stop stigmatisation •Declares he could be on the other side tomorrow •Ready to use anti-graft war to stimulate economic growth Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukayode, yesterday, said the commission was currently undergoing total overhaul, stressing that it must change its approach Olukayode spoke at a meeting with …

• Affected persons to be compensated, survivors to be treated free – Kaduna govt• Sunday bombing one too many, say HURIWA, Arewa youths• Parents of abducted Zamfara varsity students protest 72 days of captivity The Nigerian military has yet again been caught in misdirected airstrikes, with the latest incident claiming over 80 lives in Kaduna State. After some studied silence …