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  • Senate warns against supplementary budget, excess loans

    The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit. This came against the backdrop of the depreciation of the local…

  • Hardship: Nigeria going through inevitable pains – Soludo

    Governor Chukwuma Soludo of Anambra State believes Nigeria’s biting economic situation is an “inevitable” phase for the betterment of the nation. Soludo stated this in an interview on Channels Television’s Sunday Politics. Recall that Nigeria’s inflation level rose to 31.70 per cent in February with the cost of living shooting…

  • Army laments poor power as FG begins metering barracks

    The Nigerian Army has expressed concern about the inadequate power supply in the Ikeja Military Cantonment, Lagos. This is as the Federal Government allocated N12.7bn for the mass metering project in all Army formations. Minister of Power, Adebayo Adelabu, spoke during the flag-off of the metering exercise at the headquarters…

  • FG plans talks with Ghana, others to protect undersea cables

    The Minister of Communications and Digital Economy, Bosun Tijani, has announced plans to spearhead a global collaboration aimed at enhancing the protection of undersea cables. The minister made this disclosure on social media platform, X (formerly Twitter) on Sunday. This comments came against the backdrop of undersea cable cut that…

  • Soaring sachet water prices push Nigerians to unhealthy options

    Over the years, Nigerians have become known for their ability to endure pain and adapt to extreme adversity. This innate ability seems to be playing out once more; this time concerning the soaring prices of sachet water, a common source of drinking water, which does not seem to be very…

  • MoU with UK firm on rail project not binding – FG

    Some described the situation as another “P&ID saga in the making,” referencing the high-profile contract dispute between Nigeria and P&ID, a British Virgin Islands-registered company. GOLDMYNETV online reports that the Ministry of Transport signed an MoU with Messrs MPH Rail Development Limited, a company based in the United Kingdom. This…

  • Textile import, seven others gulp N1.4tn after CBN ban reversal

    Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth quarter of 2023, findings have shows. This was as citizens imported goods worth N4.29trn in 2023, indicating an…

  • How FG funds petrol subsidy through crude oil sales proceeds

    There are indications that the Federal Government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidies on petrol. Though still shrouded in secrecy, the funding strategy, Vanguard learnt, is consummated by way of crude sales and direct cost recovery by NNPC.…

  • Obasanjo’s Biological Father An Igbo Man From Onitsha – Rtd Col (Dr.) Majekodunmi

    …I Retired From The Army Because Of Abacha …Insecurity: Tinubu Inherited Most Of Nigeria’s Problems Chief (Dr) Sunday Adekunle Majekodunmi is the current Aare Ona Kakanfo of Egba-land, and the Otun Ba’asegun of Egba-land. In this explosive, exclusive interview with YEMI ADEBISI and TITILOPE JOSEPH, he speaks on sacred subjects…

  • FG unveils presidential conditional grant scheme for Nano business

    As part of Presidential Palliative Programme, the Federal Government has rolled out Presidential Conditional Grant Scheme, PCGS, to empower Nano businesses across the country. The scheme, which commenced last weekend, offers financial grants, without repayment obligations, to eligible small business owners operating in various sectors such as trading, food services, ICT,…

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