…Has No Mechanism for Economic Recovery, N750/US1 Suffocating The Peoples Democratic Party (PDP) describes the N27.5 trillion budget for 2024 fiscal year as proposed by President Bola Tinubu to the National Assembly as a huge disservice which, if allowed to pass, will further asphyxiate Nigerians and plunge our nation into more economic depression and hopelessness. … [Read more…]
The National Judicial Council (NJC) is set to investigate the issues surrounding the certified true copy (CTC) of the Kano State governorship election appeal at the Court of Appeal in Abuja. Officials of the NJC disclosed this yesterday during a visit to the headquarters of the Media Trust Ltd in Abuja. There has been confusion … [Read more…]
The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes till further notice. The apex court ruled that both old and new notes should continue to remain legal tender until the Federal Government put a process in place for its replacement or redesign after … [Read more…]
President Bola Tinubu has arrived at the National Assembly (NASS) for the presentation of the 2024 budget estimates of N27.5trn. It’s the President’s first budget presentation before the joint session of the National Assembly since he assumed office on May 29, 2023. The President arrived at the NASS Complex around 11:10am alongside his entourage including … [Read more…]
By Mazi Omife I. Omife MON (Mbuze Mbaukwu) omifelord@gmail.com Some say he is arrogant. Some say he is defiant. Some say he is autocratic. Yet others say he is stubborn. His first shocker to Anambrarians was on the very day he was elected when he forbade Anambrarians from addressing him as “His Excellency” but simply … [Read more…]
1. The Supreme Court issued a hearing notice dated 25th October 2023, notifying the Labour Party (LP) and its candidate in the Presidential Election, Mr Peter Obi, that judgment would be delivered in their appeal to the Supreme Court in Appeal No. SC/CV/937/2023 on Thursday, 26th October, 2023. 2. On the 26th of October, 2023, … [Read more…]
President Bola Tinubu will, on Wednesday, depart Abuja for Dubai, United Arab Emirates, to attend the COP28 Climate Summit, also known as the 28th United Nations Climate Change Conference, or Conference of the Parties of the UNFCCC (COP28). At the World Leaders’ Summit, which takes place on 1 and 2 December, under the theme, “Unite, Act, … [Read more…]
The Economic and Financial Crimes Commission, EFCC, has been inundated with barrage of complaints from well-meaning Nigerians concerning unauthorized withdrawals from their bank accounts, which investigations by the Commission have linked to Automated Teller Machine, ATM, Debit Card swapping or fraud. The modus operandi of fraudsters involved in this nefarious practice involves keeping a debit … [Read more…]
Nigeria’s Federal Government has increased the 2024 budget proposal from the initial N26 trillion to N27.500 trillion to meet present economic realities. It also revised the Medium Term Expenditure Framework, MTEF and Fiscal Strategy Papers, FSP, which initially had N700 per dollar as exchange rate to N750 per dollar, while oil benchmark was reviewed from the initial … [Read more…]
An Appeal Court sitting in Lagos State on Tuesday dismissed the petition filed by the governorship candidate of the All Progressives Congress (APC) in Rivers State, Patrick Tonye-Cole, against Governor Siminalayi Fubara of the Peoples Democratic Party (PDP) and the Independent National Electoral Commission (INEC). The APC candidate, who was present in the courtroom on … [Read more…]
A SPEECH DELIVERED BY HIS EXCELLENCY: DISTINGUISHED SENATOR WABARA, ADOLPHUS N., PH.D. AT THE 3RD EDITION OF FRONTIER DISCOURSE, AN ANNUAL PUBLIC LECTURE SERIES AND AWARD. THEME: POST SUBSIDY ECONOMY EXPLORING BOLD INITIATIVES FOR ECONOMIC RECOVERY IN NIGERIA, ON 18TH NOVEMBER, 2023. Your Excellences, Distinguished guests, Ladies and gentlemen, I stand before you today to … [Read more…]
The Nigeria Civil Aviation Authority (NCAA) has commenced investigation into the circumstances surrounding the diversion of a Lagos-Abuja bound flight to Asaba on Sunday. To this end the authority has suspended the operations of two wet-leased aircraft in the fleet of the airline. It was learnt that the suspension was communicated to the airline via … [Read more…]