NewsReports

In ‘Today in the News’, a newspaper review show on Vanguard Online TV, Damilola Ogunsakin, the anchor, reviewed major headlines published across major newspapers in Nigeria. We’ve been borrowing to fund petrol subsidy — Finance Minister Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said yesterday that the Federal Government was borrowing money to fund petrol subsidies, insisting …

The Independent National Electoral Commission has imported additional Bimodal Voters Accreditation System machines that will be deployed nationwide in all the polling units for the 2023 elections. The commission, which took delivery of the last batch of the machines at the Nnamdi Azikiwe International Airport, Abuja, on Tuesday, said this was in line with its contingency provisions for all critical …

The debt stock of Nigeria may rise to  over N77 trillion by May 29 this year  from the current amount  of N44.06 trillion as at  third quarter of last year, it was revealed yesterday. While the “Ways and Means” facility of the Central Bank of Nigeria (CBN) is already standing at about N22.3 trillion with an interest rate of 18.5 per cent,  government is  …

The federal government, on Wednesday, inaugurated the governing board of the Niger Delta Development Commission, NDDC. The agency had been without a board for nearly four years. The Senate on December 20, 2022, confirmed the nominations of the Chairman and Board Members of the Commission after President Muhammadu Buhari sent their names in accordance with the NDDC (Establishment) Act, 2008. …

…As Obaseki inaugurates liaison officers for 18 LGAs Edo State government is to conduct an updated performance audit of all local councils in the state, to review their performance in the previous year, the State Governor, Mr. Godwin Obaseki said on Wednesday. Obaseki made the disclosure when he inaugurated Liaison Officers for the 18 Local Government Areas (LGAs) in the …

Appearing to be speaking the minds of many Nigerians, former Governor of Kano State and presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso has warned that playing ethnic and religious cards in the forth coming election will spell doom for those involved. He therefore called on candidates to prove themselves. His words: “Any party or candidate that …

Edo State Government has extended the deadline for the compulsory painting of all commercial vehicles and profiling of commercial drivers/owners in the state by two weeks. In a statement, the Managing Director, Edo State Transport Authority, Mrs. Edugie Agbonlahor, noted that the Authority has put necessary machinery in motion to enforce full compliance after the deadline of 16th January, 2023. …

As Nigerians head to the polls to elect a new President in less than two months, political campaigns have received a fresh twist after former President, Chief Olusegun Obasanjo, endorsed one of the frontrunners, Peter Obi of the Labour Party. Obasanjo and Peter Obi In an open letter released on New Year’s day, Obasanjo asked Nigerians to vote for Labour …

• Makes provisions for elections, transition programme• Initial spending jacked up by N1.32tr• New expenditure contains unfunded N553.46b• Yusuf: Figure too high for govt’s revenue mobilisation capacity• Signing indicates improved fiscal culture, says Ife• 2015 to 2023 fiscal deficit may surpass N43tr• FG to spend N1.8tr to service unsecuritised N22.7tr CBN’s overdraft President Muhammadu Buhari, yesterday, ended uncertainty over the …

President Muhammadu Buhari has asked the National Assembly to reconsider its position on his request to pay an outstanding N22.7 trillion to the Central Bank of Nigeria (CBN). He made the appeal on Tuesday when he signed the 2023 budget into law. The money, he had said, was taken by the federal government from the apex bank and it is the balance …