NewsReports

The Chief Whip of the Senate, Senator Ali Ndume has revealed that the deal of presidential yacht included in the supplementary budget has already been signed and delivered. Ndume made this revelation in an interview with Arise Television on Friday. He said, “The deal has been signed and delivered, but not paid, and that’s what brought the inclusion of the …

Joint troops of the Nigerian Army and the Department of State Services (DSS) have successfully averted an imminent attack on Kano State by insurgents. Nigerian army. Photo/ facebook/NigerianArmy In a statement signed by spokesperson Brigadier General Onyema Nwachukwu, the Army said a dawn raid operation was carried out on the terrorists’ hideout in the early hours of today, Friday, November …

The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors, the PUNCH can report. A source familiar with the development confirmed the payment on Thursday. Meanwhile, unconfirmed sources said three banks received full payment of debts owed. The banks are Citi Bank, Stanbic IBTC and Standard Chartered Bank. The amount of …

The Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart have given a November 8, strike notice to the Federal Government over Wednesday’s attacks, abduction and battering of NLC President, Joe Ajaero, among others. Leaders of the NLC and TUC at a briefing Friday, gave the Federal Government a six-point demand, including the immediate removal of …

“What was named as Presidential Yacht in the budget is an Operational Naval boat with specialised security gadgets suitable for high-profile operational inspection and not for the use of the President.” The presidency says the operational naval boat with specialised gadgets referred to as Presidential Yacht in the 2023 supplementary budget is not for the use of President Bola Tinubu. …

Human rights lawyer, Femi Falana, SAN, has urged President Bola Tinubu to put a stop to what he (Falana) described as as “the shame of bad elections in Nigeria must stop.” Falana stated this in an interview on Channels TV on Friday. He said successive regimes in Nigeria had set up electoral reform committees, but their recommendations had not been …

The International Lawyers Assisting Workers (ILAW) Network has condemned the ‘brutal’ attack on the President of the Nigeria Labour Congress (NLC), Joe Ajaero, in Owerri, the Imo state capital. Ajaero was allegedly picked up on Wednesday from the NLC State Council Secretariat by heavily armed policemen and taken to an unknown destination. The Imo State Police Command denied arresting the …

Nigeria’s currency, the naira on Thursday depreciated to N1,180 per dollar in the parallel market from N1,170 per dollar on Wednesday. However, the naira appreciated in the Nigerian Foreign Exchange Market (NAFEM) on Thursday to N793.28 per dollar. Data from FMDQ showed that the indicative exchange rate for the I&E window rose to N793.28 per dollar from N786.02 per dollar …

RAFAH, Gaza Strip — Israeli ground troops have advanced to “the gates of Gaza City” in heavy fighting with militants, the military said Wednesday, as hundreds of foreign nationals and dozens of seriously injured Palestinians were allowed to leave Gaza after more than three weeks under siege. The news came as U.S. President Joe Biden called for a humanitarian “pause” in …

The House of Representatives re-allocated the N5 billion earmarked for the presidential yacht to student loan in the supplementary budget. Nigeria’s House of Representatives has dropped the N5 billion presidential yacht from the 2023 supplementary budget. The chairperson of the House Committee on Appropriation, Abubakar Bichi (APC, Kano) announced this on Thursday after the passage of the N2.17 trillion supplementary …