Category: News
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Tinubu Seeks Fresh $2.2bn Foreign Loan, Pushes for Quick Approval of 2025-2027 Fiscal Framework
President Bola Tinubu has intensified his administration’s economic recovery efforts by approaching the National Assembly with a request for a $2.2 billion external loan, aimed at addressing the substantial N9.7 trillion deficit in the 2024 budget. The loan request, presented through House Speaker Tajudeen Abbas during Tuesday’s plenary session, comes as part of a broader…
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Tompolo Alleges Navy Interference in Oil Theft Crackdown, Warns of Powerful Opposition
High Chief Government Ekpemupolo, widely known as Tompolo, has raised serious concerns about a recent confrontation between his security team and Nigerian Navy personnel in Port Harcourt, casting a shadow over Nigeria’s celebrated increase in crude oil production to 1.8 million barrels per day. Speaking during a visit by the Nigerian Bar Association (NBA) delegation…
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Nigeria Joins Global Economic Powers at Brazil G20 Summit
Landing in Rio de Janeiro at 11:03 pm local time on Sunday, President Bola Tinubu leads a heavyweight Nigerian delegation to the 19th G20 Summit of Heads of State and Government. The presidential team includes key ministers responsible for foreign affairs, livestock development, arts and culture, and agriculture, alongside the National Intelligence Agency chief, signalling…
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Indian PM Modi Receives Nigeria’s Elite Honour in Landmark Visit
In a powerful diplomatic gesture, Nigerian President Bola Tinubu bestowed the Grand Commander of the Order of the Niger (GCON) – Nigeria’s second-highest national honour – upon Indian Prime Minister Narendra Modi during a historic state visit to Abuja on Sunday. The ceremonial welcome at the Presidential Villa featured full military honours, with the Brigade…
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Nigeria’s Inflation Surges to 33.88%
Nigeria’s headline inflation rate has reached a staggering 33.88% in October 2024, according to the latest report from the National Bureau of Statistics (NBS). This represents a 1.18 percentage point increase compared to the 32.70% recorded in September 2024. The NBS Consumer Price Index (CPI) and Inflation Report, released on Friday, paints a bleak picture…
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FG Cracks Down on Illegal Mining with 300 Arrests
In a move to protect Nigeria’s mineral resources, the Federal Government has arrested 300 illegal miners, including foreign nationals, as part of its broader strategy to transform the mining sector. This development was revealed by the Minister of Solid Minerals Development, Dele Alake, during a strategic briefing with the House Committee on Solid Minerals in…
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Okpebholo Orders Immediate Freeze on Edo State Govt Bank Accounts
Edo State Governor Monday Okpebholo has ordered the immediate freezing of all bank accounts belonging to the state government until further notice. The directive, issued through the Chief Press Secretary, Fred Ituah, warned commercial banks and heads of Ministries, Departments and Agencies (MDAs) to comply with the order without delay. “All bank accounts in all…
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Ribadu Vows to Crush New Terror Group
National Security Adviser Nuhu Ribadu has issued a stern warning to the newly identified terrorist group Lakurawa, declaring they will find no sanctuary in Nigeria. The declaration comes as military operations against the group have already begun yielding results in the northern border regions. “This so-called Lakurawa or whatever you call them, they are making…
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Falana Challenges Wike’s N50bn Property Demolitions, Judges’ Housing Gifts
Leading constitutional lawyer Femi Falana (SAN) has declared FCT Minister Nyesom Wike’s recent property demolitions and judicial housing gifts unconstitutional, warning these actions could trigger costly legal battles for the government. Speaking on Channels Television’s Politics Today, Falana emphasized that Wike’s approach to both property demolitions and judicial housing provisions breaches established legal frameworks. Demolitions…
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Ondo Election: Tinubu Rallies Support for Aiyedatiwa
In a show of political force, President Bola Tinubu’s administration has thrown its full weight behind Governor Lucky Aiyedatiwa’s bid in the November 16 Ondo State governorship election, with Vice President Kashim Shettima announcing a new university teaching hospital for Akure at the APC’s final campaign rally. Speaking to a massive crowd in the state…