President Bola Tinubu has written to the National Assembly, seeking approval of a fresh N1.767tn as a new external borrowing plan in the 2024 appropriation act. The loan, if approved, will be used to part-finance the budget deficit of N9.7tn for the 2024 budget. The president’s request was read by the speaker during plenary on…
The Lagos Chamber of Commerce and Industry (LCCI) has described the N1,400 foreign exchange rate projection in Nigeria’s proposed 2025 budget as unrealistic. The federal government has proposed a total expenditure of N47.9 trillion for the 2025 budget, with parameters including a crude oil price benchmark of $75 per barrel, an oil production target of…
Brazilian police have arrested four soldiers in connection with an alleged plot to assassinate then-President-elect Luiz Inacio Lula da Silva as part of a 2022 coup attempt. The arrests took place on Tuesday, November 19, in Rio, where the soldiers were participating in the security operation for the G20 summit. Along with the soldiers, a…
The Court of Appeal in Abuja has upheld the March 11 judgment by the National Industrial Court of Nigeria (NICN) which recognized Tajudeen Ibikunle Baruwa as the legitimate president of the National Union of Road Transport Workers (NURTW). The appellate court, in a ruling delivered on November 8, dismissed an appeal filed by seven…
The Ogun State Community, Social Orientation and Safety Corps, otherwise known as So-Safe Corps has arrested an 18-year-old ex-convict, Abdullahi Idowu, for alleged theft. Idowu and his accomplice, Samson Ojo, 17, were arrested for stealing generator engine parts at the Idiroko border area in Ipokia Local Government Area of the state. The Corps…
The lineup of 24 countries for the 2025 Africa Cup of Nations (AFCON) is complete, with Mozambique claiming the final spot following a 2-1 triumph over Guinea-Bissau. The tournament, set to begin in December next year, will be hosted by Morocco, who automatically have a place in the competition as the host nation.…
