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*Says N81bn Needed To Complete Abuja 2nd Runaway The Minister of Aviation and Aerospace Development, Festus Keyamo, has emphasized the urgent need to invest N81 billion in order to complete the construction of Abuja’s second runway. Keyamo said the additional runway is crucial to meet the growing demands of air traffic and enhance the safety […]

Kaduna State Governor, Uba Sani, on Tuesday, presented a draft of an appropriation bill of N458,271,299,477.66 to the people of the state for their input. The draft budget proposal christened ‘Budget of Rural Transformation for Inclusive Development,’ has a capital expenditure of ​​​​N318,836,576,588.28 and recurrent expenditure​​​ of N139,434,722,889.38 maintaining the minimum budgeting baseline model of […]Read More

*Proposes 84% For Capital Expenditure, 16% For Recurrent *Education, Health Get Highest – 20%, 15% Respectively *Announces Wage Rise For Workers Gov. Alex Otti has presented a budget of N567, 240, 095, 972. 00 for the 2024 fiscal year before the Abia State House of Assembly. Presenting the Appropriation Bill christened “Budget of New Beginning” […]

*Says Ministry Has No Data On Balance Of Trade Senators on Tuesday faulted the Ministry of Trade and Investment’s allocation of a N1billion budget proposal for a trip to Geneva. Minister of Trade, Industry and Investment, Doris Nkiruka-Anite Uzoka, had disclosed the budgetary provisions in a document submitted to the Senate Committee on Trade while […]

A viral video showing the poor conditions at the Benin City Airport has sparked public criticism of airport authorities. In the video, a passenger laments the total darkness at the airport for over 8 hours, forcing travelers to use phone lights to check-in. The narrator expresses frustration, emphasizing the dire conditions passengers are experiencing as […]

The Trade Union Congress of Nigeria (TUC) has urged the federal government to, with immediate effect, pay all federal civil servants their ₦35,000 wage award as agreed during a meeting that was held following the removal of fuel subsidy. TUC president Festus Osifo, who addressed journalists on Tuesday at the end of the congress’ emergency […]

Families of 53 deceased victims of the recent military airstrike in Kaduna State have sued the Nigerian government, demanding N33 billion compensation, court documents show. About 100 people were feared dead in an airstrike carried out by a military aircraft at Tudun Biri village in the Igabi local government area of Kaduna State on 3 […]

*Denies Knowledge Of Dubious Appointment Offers The Secretary to the Government of the Federation, Senator George Akume, has alerted the public to fake offers of appointments by unscrupulous elements to swindle unsuspecting individuals. The SGF described as false the information circulating on social media, emails, text messages, and other outlets urging members of the public […]

Troops of Exercise GOLDEN DAWN III have raided camps of the proscribed Indigenous People of Biafra (IPOB) and its armed affiliate, the Eastern Security Network (ESN) in Orsumoghu general area of Anambra. The troops, who achieved the feat in conjunction with personnel of the Nigerian Navy, the Nigeria Police and local vigilante operatives, also naturalised […]

A foremost lawyer, Kalu Kalu said the 27 lawmakers from Rivers State who defected from the People’s Democratic Party (PDP) to the APC have lost their seats in parliament. Kalu stated this in an interview on Arise Television on Tuesday. He said, “The 27 affected constituencies, their seats are already vacant, going by the provision […]

Strong Capital Base: GCR Upgrades TrustBanc Holdings Rating GCR Ratings (GCR) has upgraded TrustBanc Holdings Limited’s national scale long-term Issuer rating to BBB(NG) from BBB-(NG) and affirmed the short-term issuer rating at A3(NG). The outlook on the ratings is stable. In its rating note, GCR said the upgrade of TrustBanc Holdings Limited’s rating reflects an […]Read More

Naira Reclaim 21% amidst Worrisome FX Market Volatility The Naira appreciated by 21.36% at the official currency market where the exchange rate closed at N864.29 per dollar on Monday from N1,099.05 on Friday, data from the FMDQ platform reviewed by MarketForces Africa show.  The Naira bear has persisted amidst falling external reserves and a decision […]