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The Federal Government has lashed out at some Nigerians critical of the Muhammadu Buhari administration’s penchant for foreign loans, assuring the government has not signed away the nation’s sovereignty in loan commitment to China. Speaking to Daily Sun in Abuja, Minister of Works and Housing, Mr Babatunde Fashola, said that the government has always … [Read more…]
Senate, yesterday, approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 and €490,000,000 under the 2018-2020 External Borrowing (Rolling) Plan. The approval followed the consideration of a report on the 2018 to 2020 External Borrowing (Rolling) Plan by the Committee on Local and Foreign Debt. Chairman of … [Read more…]
The British High Commission and a law firm in London, Bindmans, have sought the consent of the leader of the Indigenous People of Biafra, Nnamdi Kanu, to take up his case. The PUNCH gathered on Thursday that Kanu’s Nigerian lawyer, Aloy Ejimakor, delivered two forms to the IPOB leader on Wednesday during a … [Read more…]
The Upper Area Court Zuba in Abuja has issued a criminal summons against the former Governor of the Central Bank of Nigeria and factional candidate of the All Progressives Grand Alliance, Charles Soludo, over a criminal complaint brought before it by one Oliver Bitrus. In the processes seen by our correspondent, Bitrus alleges “serial … [Read more…]
The House of Representatives, yesterday, cautioned the Nigeria Police to ensure that Ms Chidimma Ojukwu, who is being held in connection with the death of late Usifo Ataga, does not die in their custody. The House also urged the police to conduct a thorough investigation into the murder incident and refrain from parading “Ms. … [Read more…]
The President, Major General Muhammadu Buhari (retd.), says insecurity, manifesting as insurgencies, banditry, kidnapping and urban crime of all sorts, is the single most difficult challenge facing the nation He said that his administration is ready to use everything within its powers to end insecurity in the country and bring perpetrators of … [Read more…]
No fewer than 30 suspects have been arrested by operatives of the Economic and Financial Crimes Commission during a raid on Parktonian Hotel in the Lekki area of Lagos State. During the raid on Tuesday, the operatives were alleged to have gained entry into the occupants’ rooms by seizing the master cards from … [Read more…]
The Senate has commenced the process of amending the Establishment Act of the Joint Admissions and Matriculation Board (JAMB) with particular interest on age of candidates participating in Unified Tertiary Matriculation Examination (UTME). The lawmakers proposed 18 years in the new Act for any candidate that would take UTME, as against the current … [Read more…]
There were indications last night that the Senate may reject President Muhammadu Buhari’s Personal Assistant on Social Media, Ms. Lauretta Onochie, as a National Commissioner of the Independent National Electoral Commission (INEC) representing Delta State. The Nation investigation showed that Onochie’s nomination is among the big issues on the agenda of the … [Read more…]
The Trade Union Congress (TUC) has asked the Federal Government to stop mortgaging the future of Nigerians by taking many foreign loans. The congress urged the government to look inwards by harnessing the country’s natural endowments for its financial needs. TUC’s National Treasurer, who doubles as President-General of the Senior Staff Association of … [Read more…]
Olanrewwaju Abdul-Ganiu Fasasi popularly known as SOUND SULTAN died early Sunday of throat cancer Former Abia State Governor and Senate Chief Whip, Dr. Orji Uzor Kalu, has lamented the passing of popular singer and recording artiste, describing the talented rapper and comedian as one of the best in the Nigerian entertainment industry, Kalu urged … [Read more…]
Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments Promotion Commission showed. The sum pledged by foreign investors in Q1 2021 is 27.5 per cent lower than the … [Read more…]