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The federal government spent N22.7 trillion without prior approval from the National Assembly, but the Senate has now approved the spending after a report was presented by Ibrahim Gobir, the Senate Leader. The funds were borrowed by the federal government from the Central Bank of Nigeria through "ways and means advances" and were disbursed to various agencies, including the office of the Accountant-General of the Federation, Ministry of Foreign Affairs, Nigeria Bulk Electricity Trading, Azura Power West Africa, Niger Delta Power Holding Company, and Accugas Limited. President Muhammadu Buhari had requested approval for the spending in December 2022, but some…
President-elect, Bola Tinubu, on Wednesday, rejected a request made by the Rivers State Governor, Nyesom Wike, for a refund for the construction of some federal roads in the state. Tinubu spoke while inaugurating the Rumuokwuta-Rumuola Flyover in Obio/Akpor Local Government Area of Rivers State. While noting how the state had to amend its procurement law to enable it to source funds and complete the various flyover projects in embarked up in record time, Wike said the projects undertaken by the state ought to be done by the Federal Government. “And unfortunately too, these projects ought to be Federal Government projects…
Federal Government, on Wednesday, in Abuja, approved N16.77bn as reimbursement to Borno State Government for the money spent on the construction of federal roads. Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this after this week’s Federal Executive Council meeting presided over by President Muhammadu Buhari at the State House, Abuja. Akande who did not give assurances of when the monies will be disbursed to the Northeastern state said the memo was put forward by the President himself. However, the disbursement will only follow a debt sustainability analysis to be carried out by the…
The first batch of Nigerians who fled the war in Sudan have returned to the country. Due to the closure of Sudanese Airspace, the Federal Government made arrangement for them to be conveyed to Egypt by road from where they were to connect flights back home. However, there was a major setback when the Egyptian authorities denied them access over documentation issues. The logjam continued for days until the Nigerian intelligence network struck a deal with its Egyptian counterpart. The Nigerians, who were airlifted on Wednesday evening, landed at the Nnamdi Azikiwe Airport, Abuja, around 11:30pm. Minister of Humanitarian Affairs…
Russia accused Ukraine on Wednesday of attacking the Kremlin with drones overnight in a failed attempt to kill President Vladimir Putin. A senior Ukrainian presidential official denied the accusation - the most serious that Moscow has levelled at Kyiv in more than 14 months of war - and said it indicated Moscow was preparing a major "terrorist provocation". The Kremlin said Russia reserved the right to retaliate, and hardliners demanded swift retribution against Ukrainian President Volodymyr Zelenskiy. "Two unmanned aerial vehicles were aimed at the Kremlin. As a result of timely actions taken by the military and special services with…
A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals in the West African nation’s history, according to previously unreported UK company documents. There’s no suggestion that President-elect Bola Tinubu was personally involved in the acquisition of the UK property in 2017. Current President Muhammadu Buhari visited him there in August 2021, nearly four years after the purchase took place. Tinubu, who will take over as head of state this month, has long been questioned…
The federal government recently unveiled new Fiscal Policy Measures (FPM) outlining the rates of taxes and excise duties for the current year. The new FPMs, which consist of Supplementary Protection Measures (SPM), revised excise duty rates, and green taxes; were recently approved by President Muhammadu Buhari. According to a recent circular signed by Zainab Ahmed, minister of finance, budget and national planning, the 2023 FPMs supersede the 2022 FPMs and will be published in the official federal government gazette. Already, stakeholders are having a grouse with the policy. For instance, Taiwo Oyedele, Africa tax leader at PricewaterhouseCoopers (PWC), highlighted key…
Governor Godwin Obaseki of Edo State has warned that the federal government may not be able to pay workers’ salaries beyond June 2023 without either printing more money or removing petrol subsidy. Speaking at the Workers’ Day celebration in Benin, Obaseki stated that either of these options would bring more hardship and pain to Nigerians, particularly workers. He called on workers to be proactive in discussions on subsidy removal, insisting that the benefits and pains of any reforms must be mutually shared by all Nigerians, not just the downtrodden. Obaseki had previously increased the minimum wage in Edo State to…
National Agency for Food and Drug Administration and Control (NAFDAC) has restated its ban on the importation of Indomie noodles into Nigeria. This announcement was made by the agency's Director General, Mojisola Adeyeye, in a press statement issued on Monday. This decision was prompted by the recent recall of Indomie noodles by Taiwan and Malaysia due to the presence of ethylene oxide, a known carcinogen. The Director of Food Lab Services Directorate has been assigned to develop a methodology for the analysis of the spices used in Indomie noodles and other noodles in Nigeria. According to Adeyeye, Indomie noodles have…
Troops of the 114 taskforce battalion of the Nigerian army have rescued one of the Chibok schoolgirls abducted by insurgents in 2014. On April 14, 2014, 276 schoolgirls were abducted by Boko Haram terrorists from Government Girls Secondary School in Chibok town, Borno state. Many of the girls have since been rescued while some remain in captivity. The rescued girl, identified as Hauwa Maltha, was said to have been found on April 21. Maltha was rescued alongside her three-year-old child during an operation at Lagara village in Borno state. Maltha was said to have been married to one Salman, a…
June 13, 2025

Oil soars more than 9% after Israel strikes Iran

Oil prices surged more than 9% on Friday, hitting their highest in almost five months…
June 12, 2025

Nationwide protests loom as Tinubu addresses N’Assembly on Democracy Day

Tension is high as the Take It Back Movement leads nationwide protests today, June 12,…
June 12, 2025

Self-made millionaire shares the hardest money conversation he had with his wife: ‘I’m sweating thinking about it’

Self-made millionaire, author and TV host Ramit Sethi knows a thing or two about money.…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 10, 2025

13 killed in fresh attacks in sokoto and plateau states amid rising insecurity

At least 13 people have been killed in separate violent incidents in Sokoto and Plateau…
June 13, 2025

What to know after Day 1205 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia creating dedicated drone force – Putin Russia is in the process of…
June 13, 2025

Your favorite alcoholic beverage linked to deadly form of cancer, study finds

Nicole Saphier joins 'America's Newsroom' to discuss the surgeon general pushing for cancer warning labels…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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