News
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FG SECURES FRESH $2.25 BILLION LOAN FROM WORLD BANK
FG secures fresh $2.25 billion loan from World Bank The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank (AfDB). The Minister of Finance, Wale Edun, disclosed this during a press briefing at the…
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Appeal Court hears EFCC appeal against Yahaya Bello’s arrest today
The Court of Appeal in Abuja will today (Monday) hear the appeal lodged by the Economic and Financial Crimes Commission against the order of a Kogi State High Court which restrained the anti-graft agency from arresting the immediate-past governor of Kogi State, Yahaya Bello. The Kogi court, in a ruling…
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Bracing for this year’s floods
In February this year, heads of relevant federal agencies such as the Ministry of Aviation and Aerospace Development, Nigerian Meteorological Agency, NIMET, and the National Emergency Management Agency, NEMA, gathered in Abuja and issued the Season Climate Prediction, SCP, or weather outlook for the year and their possible implications for…
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Kwara shuts abattoir to probe poisonous meat allegation
The Kwara State government, on Sunday, ordered the temporary shutdown of the abattoir at Mandate Market in Ilorin, Ilorin West Local Government Area following the alleged sale of poisonous cow meat in the market. The government, in a statement by the Ministry of Environment, also ordered the immediate general cleaning…
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N’Central demands APC chairmanship, ward faction suspends Ganduje
A faction of the All Progressives Congress in the Ganduje Ward of the Dawakin Tofa Local Government Area of Kano State on Sunday suspended the party’s National Chairman, Dr Abdullahi Ganduje. This came to the fore on Sunday as stakeholders of the APC in the North-Central, at a press conference…
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How I conspired with my friends to kill Fulani woman for money ritual — Ifa priest
Osogbo—A traditionalist, Onifade Oyekanmi, has narrated how he, with his friends, killed a 45-year-old Fulani woman, Usman Aminat, for money ritual. Onifade, popularly called Ife, disclosed that he committed the crime with four other friends at his Iyana Ajia residence in Ibadan, Oyo State on March 13, 2024. His accomplices…
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Emefiele social programmes: Banks withhold N530bn CBN funds, Cardoso may order refund
About N531.4bn of the Central Bank of Nigeria intervention funds remains unused in the coffers of nine Deposit Money Banks in the country, findings have shown. This came on the heels of the suspension of all CBN intervention funds by the incumbent governor of the apex bank, Olayemi Cardoso. Last…
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Ganduje remains APC national chairman – Spokesman
The National Publicity Secretary of the All Progressives Congress, Felix Morka, on Thursday, reiterated that the ruling party will not honour the initial court order affirming Dr Abdullahi Ganduje’s suspension as national chairman. He also reiterated that the national chairman of the party has not been served any summon concerning…
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Tinubu’s government has not borrowed from CBN — Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would pin down Ways and Means to deal with the problem of too much liquidity in the system Fielding questions from journalists after a meeting with investors at the ongoing Spring Meetings of…
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Dangote refinery ramps up production with US crude – Report
The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production. A report by Bloomberg on Thursday stated that the plant has been shipping products in recent weeks…