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…
Lucky Aiyedatiwa, the governor of Ondo State, has been declared the winner of the state’s governorship election. The Returning Officer, Professor Olayemi Akinwumi, who is also the Vice-Chancellor of the Federal University, Lokoja, Kogi State, announced the results on Sunday. Aiyedatiwa, the candidate of the All Progressives Congress (APC), emerged victorious with 366,781 votes, defeating…
The National Judicial Council (NJC) has recommended the compulsory retirement of the Chief Judge of Imo State, Justice T. E. Chukwuemeka Chikeka and the Grand Kadi of Yobe State, Kadi Babagana Mahdi for falsification of their ages. The NJC took the decision at its at its 107th meeting of held between November 13 and…
Edo State Governor Monday Okpebholo has ordered the freezing of all State-owned bank accounts with immediate effect, until further notice. The Governor also warned commercial banks, heads of Ministries, Departments and Agencies (MDAs) to comply with the order immediately without any delays. A statement by his Chief Press Secretary, Fred Itua, said the Governor warned…
The Kano State Debt Management Office has reported that it has serviced N63.5 billion in both foreign and domestic debts accumulated during the administration of former governor Abdullahi Umar Ganduje. Dr. Hamisu Sadi Ali, Director General of the Kano State Debt Management Office, made this disclosure while addressing the media on the state’s debt profile.…
The lawmaker representing Borno South Senatorial District, Senator Ali Ndume, has called on the newly appointed Minister of Humanitarian Affairs and Poverty Reduction, Nentawe Yilwatda, to leverage financial technology to enhance the Federal Government’s support for vulnerable populations. Ndume, a seasoned member of the National Assembly with over 20 years of continuous service, issued…
With just days until the November 5 presidential election, more than 41 million Americans have already cast their ballots through early voting, either in person or by mail. This significant early turnout is expected to play a crucial role in determining the outcome of the race between former President Donald Trump and Vice President…
Former Nigerian President, Olusegun Obasanjo has lamented the size of debt being owed by the country, years after he left office in 2007. Obasanjo said he left Nigeria with about $70 billion, including a $45 billion reserve and $25 billion in a designated “excess crude” account. “I came in 1999 and met $3.7…
The governor of Bauchi state, Bala Mohammed, says the monetary policies introduced by the Tinubu-led administration are not working as people are hungry and suffering. Governor Bala said this while addressing participants at the launch of the Nigeria Development Update in Abuja on Thursday, October 17.
Two Igbo councillorship candidates, Austin Nwachukwu and Okoro Uzoma Anthony, emerged winners in the just concluded Plateau State Local Council elections. The Plateau State Independent Electoral Commission on Monday presented certificates of return to 304 councillors-elect across the state, including Nwachukwu and Uzoma.Nwachukwu, from Abia State, was elected to represent Tafawa Bela Ward, in…
