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The Supreme Court will on Friday render its judgment in the appeals filed by the federal government and detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. A five-member panel of the court, headed by Justice Kudirat Kekere-Ekun, had chosen the date on October 5, after lawyer to the fed govt, Tijani Gazali […]

The caretaker committee chairman of the All Progressives Congress (APC) in Rivers State, Tony Okocha, has said President Bola Ahmed Tinubu’s move to end the rift between the state governor, Simi Fubara and the FCT Minister, Nyesom Wike has collapsed as crisis in the state has continued to fester. Recall that Tinubu recently held a […]

The Registrar of the Joint Admission and Matriculation Board (JAMB), Professor Ishaq Oloyede, has urged Nigerian youths to seek demonstrable skills as a means of survival, warning that very soon university degrees will no longer be the sole guarantors of jobs. Oloyede said this on Thursday at Kwara State University, Malete, while delivering the convocation […]

Three persons were feared killed as armed robbers attacked two commercial banks in Ikere-Ekiti, headquarters of Ikere Local Government Area of Ekiti State. It was gathered that the dare- devil armed robbers numbering 20 stormed the town around 5:15pm and carried out the attacks on the two commercial banks simultaneously. It was also learnt that […]

Kwara State Government has proposed the sum of N296.4bn for the 2024 fiscal year, with the capital expenditure gulping a whopping 61 percent of the proposed spending, while recurrent keeps the balance of 39 percent. Governor AbdulRahman AbdulRazaq disclosed this on Thursday in Ilorin, the state capital, while presenting to the state House of Assembly […]

Rivers state governor, Siminalayi Fubara, has assented to the 2024 appropriation bill of N800bn, vowing to pay special attention to road infrastructures. The governor signed the bill at the Government House in Port Harcourt on Thursday, December 13, a day after he presented it to the four-man House of Assembly members led by Edison Ehie. […]

Somalia Gets $4.5bn in Debt Relief from IMF, World Bank The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion. Following HIPC Completion […]

Tanzania Gets $150m Loan from IMF Today, the Executive Board of the International Monetary Fund (IMF) completed the second review of the Extended Credit Facility (ECF) Arrangement for Tanzania, which was approved in July 2022 for total access of SDR 795.58 million (200 per cent of quota- about US$ 1,046.4 million) at the time of […]

AMCON Debt: Senate Moves to Slash Interest Payment to CBN The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Adetokunbo Abiru FCA, has vowed that the 10th Senate of the Federal Republic of Nigeria would ensure that the best objectives of setting up the Asset Management Corporation of Nigeria (AMCON) by the […]

Developing Countries Pay $443.5bn as Interest on Public Debt in 2022 Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank’s latest International Debt Report shows. The increase in costs shifted scarce resources […]

FG Launches 5-year Roadmap on Data Protection, Expects Over N125bn Revenue The Nigeria Data Protection Commission (NDPC) launched the Nigeria Data Protection Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) on Wednesday in Abuja. The action plan is expected to create about 500,000 jobs and generate more than N125 billion in revenues. The launch of the […]

UN calls for immediate ceasefire in Gaza, Biden warns Israel losing support The United Nations on Tuesday demanded humanitarian ceasefire in the Gaza Strip as U.S. President Joe Biden warned Israel it was losing international support because of its “indiscriminate” bombing of civilians in its war against Hamas militants. After dire warnings by UN officials […]