The Federal Government’s expenditure report for the first eight months of 2024 highlights the significant impact of debt servicing on Nigeria’s finances. Between January and August, ₦7.41tn was spent on debt servicing, surpassing the pro-rata budget of ₦5.51tn by 34.4%. This amount represents 89.6% of the ₦8.27tn budgeted for debt servicing this year, with the…
Airline Operators in Nigeria have faced criticism for calling for the confirmation of Capt. Chris Najomo as the Director-General of the Nigerian Civil Aviation Authority. In a statement signed by Vice President, Allen Onyema and spokesperson Prof. Obiora Okonkwo, the AON argued that Najomo’s administration is the best in the aviation industry. The crisis within…
The Dangote Petroleum Refinery has announced a two percent reduction in the price of Premium Motor Spirit also known as petrol, lowering it from N990 per litre to N970. This gesture, according to the refinery, is a token of appreciation to Nigerians for their support and an acknowledgment of the government’s role in fostering domestic…
Nollywood’s epic blockbuster Jagun Jagun, produced by Femi Adebayo, stole the spotlight at the 16th edition of the Best of Nollywood Awards, held on Sunday night in Ilorin, Kwara State. Hosted at the prestigious Sugar Factory Film Studios and anchored by actress Toyin Abraham Ajeyemi, the event celebrated excellence in Nigerian cinema, with Jagun Jagun…
Tinubu’s Removal Of Petrol Subsidy, Have Saved Nigeria $ 20 billion Nigeria has saved a whopping $20 billion thanks to President Bola Tinubu’s bold economic reforms. The Minister of Finance, Wale Edun, revealed that the removal of petrol subsidies and the adoption of market-based pricing for foreign exchange have been a game-changer for the country’s…
Vulvitis is inflammation in your vulva, or genitals. Vulvitis is common and can result from an allergic reaction, an infection or an injury. Symptoms include itching, redness and swelling in your vulva. You may also have an abnormal vaginal discharge. Vulvitis is often easily cured once you receive the right treatments. External itching in…
President elect elect Donald Trump on Friday announced hedge fund billionaire Scott Bessent as his pick for U.S. Treasury secretary, choosing a former executive with Soros Fund Management who in recent years has been a vocal supporter of the former president’s policies, from tariffs to spending cuts. Investor Scott Bessent has spent his career in…
The Ogun State Command of the Nigeria Security and Civil Defence Corps has detailed how eight youths allegedly gang-raped and recorded a 14-year-old girl in the Ijebu-Mushin region of the state. The account was contained in a statement signed by the command’s Public Relations Officer, Dyke Ogbonnaya, on Thursday. Ogbonnaya described how the suspects, including…
The Lagos Chamber of Commerce and Industry has expressed concerns over the Federal Government’s plan to borrow $2.2 billion, warning of potential debt sustainability issues and impacts on infrastructure. In a statement on Friday, the chamber said there was a need to diversify funding sources beyond debt financing. Its director-general, Chinyere Almona, said the…
Some Nigerians in Finland are in panic following the arrest and detention of separatist leader, Simon Ekpa. Ekpa is one of the leaders of the outlawed Indigenous People of Biafra. Ekpa was arrested alongside four others on Thursday by Finnish authorities on suspicion of terror-related activities, including incitement to violence and financing terrorism. According…
