The Federation Account Allocation Committee (FAAC) has announced a N1,594,763 trillion revenue from September 2023. This the second time the government is having higher revenue accrual since removal of fuel subsidy in May. FAAC said in a statement that it approved a total sum of N903.480 billion from the available revenue for disbursement to federal … [Read more…]
The Former Members of the Enugu State House of Assembly, comprising former Speakers, Principal Officers, etc in a plenary resolved to congratulate His Excellency, Dr. Peter Ndubisi Mbah for his victory at the polls on March 18, 2023; his victory at the Enugu State Governorship Elections Petition Tribunal on September 21, 2023; amongst others. Members … [Read more…]
Ahead of the third edition of the Frontier Discourse Annual Public Lecture and Awards organised by Pacesetter Frontier Magazine, Renowned Cleric and Academic, Msgr. Prof. Obiora Ike and Mr. Emeka Mba, CEO of Afia TV & Radio and a former Director General of the Nigerian Broadcasting Commission have both been named as Co-Chairmen of the … [Read more…]
The Lagos State government has sealed certain sections of the popular Alaba International Market and the bustling Trade Fair Market due to reported sanitation concerns. Traders, who arrived this (Monday) morning at these markets, were taken aback as they discovered that their access had been denied by officials of the Lagos State Waste Management Authority, … [Read more…]
Inflation rate is projected to increase by 83 basis points (bps) year-on-year (y/y) to 27.54 in October. The figure would represent a 1.9 per cent rise when compared to 26.72 per cent recorded in September. According to Cordros Capital Research, there are indications that food prices will temper in October due to the impact of … [Read more…]
Nigeria has finally succeeded in stopping the enforcement of the $11billion arbitration award in favour of Process & Industrial Developments (P&ID) Limited. In a judgment delivered by Justice Robin Knowles of the Commercial Court of England and Wales on Monday, it upheld Nigeria’s prayer on the ground that the ill-fated gas processing contract was obtained … [Read more…]
The Supreme Court has reserved judgment in the appeal by the Labour Party (LP) and dismissed the Allied Peoples Movement (APM). A seven-member panel of the court, led by Justice Inyang Okoro announced this on Monday after counsels to parties adopted their briefs of argument and made final submissions. When the court reconvened, it heard … [Read more…]
The Supreme Court has reserved judgement in Atiku Abubakar’s appeal challenging the decision of the Presidential Election Petition Court in Abuja which upheld President Bola Tinubu’s election. A seven-member panel of the Supreme Court led by John Okoro adjourned the case for judgement after taking the arguments of lawyers to parties in the suit. Mr … [Read more…]
Nigeria’s opposition party, the Peoples Democratic Party, PDP, says it is confident that the Supreme Court will deliver justice as it commences hearing on the 2023 Presidential Election Appeal. National Publicity Secretary of the PDP, Debo Ologunagba in a press statement said the PDP believes that the issues of the February 2023 Presidential election will … [Read more…]
Akwa Ibom State governor, Pastor Umo Eno has called on foreign investors to consider the State as a destination for their investments and leisure in Nigeria. The Senior Special Assistant to the Governor on Reseach and Documentation, Mr Essien Ndueso, who disclosed this to newsmen on Sunday in Uyo, said governor Eno made the call … [Read more…]
…Israeli forces raid Jalazone refugee camp in West Bank, two dead, says Palestinian health ministry …Biden, European leaders issue joint statement supporting Israel, calling to protect civilians …Second aid convoy reaches Gaza …Fears grow that Israel-Hamas conflict could expand as ground offensive looms Israel bombarded Gaza with air strikes early on Monday and its aircraft struck … [Read more…]
The Senate is calling for the unbundling of the Independent National Electoral Commission (INEC) to improve efficiency of the electoral body. In a communiqué issued at the end of its retreat in Ikot Ikpene, Akwa-Ibom State, the Senate also resolved to make electronic transmission of results mandatory from the next general elections in 2027, including … [Read more…]