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Nigeria has shelved plans to raise about $950 million selling overseas bonds, owing to unfavorable market conditions during the time-frame approved for the fund raising, Finance Minister Zainab Ahmed said. Ahmed said in April that the government planned to sell as early as May its second external debt this year to help plug fiscal deficits. The planned $950 million bond sale would account for the balance of $6.1 billion overseas borrowing planned for 2021, after it raised the second tranche of $1.25 billion in March. “We were not able to do that because the market pricing was not good and…
Federal and Oyo State governments have been called upon to beef up security in Oke-Ogun area of Oyo State by equipping security agencies more and enforcing anti-open grazing law promulgated in 2020. The call was contained in a communique issued by Oke Ogun Council of Elders (OCE) and signed by its spokesman, Jare Ajayi, after its mid-year meeting held in Ibadan, under the chairmanship of its President and former Minister of State for Agriculture and Water Resources, Bamidele Dada. Present at the meeting include S. A. Oyedemi, Layi Egunjobi, Doja Oladele, Tunde Adigun, Funke Ladigbolu, Amusa Adebisi, A. Shittu, Wole…
A high-ranking Russian official issued a warning to the international community, saying that the Four Horsemen of the Apocalypse from the book of Revelation in the bible's New Testament have already started their trip as Russia's invasion of Ukraine crossed 100 days. Russian Security Council Deputy Chairman Dmitry Medvedev said in a recent interview that "one can believe that the horsemen of the Apocalypse are already on their way and all hope is in Almighty God," the Russian-state run news agency TASSreported. Medvedev added that things have already been set in motion, "however, one can still try to tone down…
Russia struck Ukraine's capital Kyiv with missiles early on Sunday for the first time in more than a month, while Ukrainian officials said a counter-attack on the main battlefield in the east had retaken half of the city of Sievierodonetsk. Dark smoke could be seen from many miles away after the attack on two outlying districts of Kyiv. Ukraine said the strike hit a rail car repair workshop, while Moscow said it had destroyed tanks sent by Eastern European countries to Ukraine. In Sievierodonetsk, where Russia has concentrated its forces in recent weeks, Ukraine mounted a counter-attack that it said…
Russian anti-aircraft forces have shot down dozens of Ukrainian weapons and are "cracking them like nuts," President Vladimir Putin said in a brief excerpt of an interview aired on Saturday. RIA news agency, which first cited the comments, quoted Putin as responding to a question about U.S.-supplied arms by saying, Russia was coping easily and had already destroyed the weapons by the dozen. But the clip of an an interview to be aired on Sunday made clear that Putin had in fact been responding to a different question, which was not shown. "Our anti-aircraft systems are crunching them like nuts.…
Saturday, 04 June 2022 06:41

Buhari signs revised 2022 Budget into law

President Muhammadu Buhari has signed into law the new Appropriation Bill recently passed by the National Assembly. Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar I. El-Yakub who made this known in a statement, said the new law repeals the Appropriation Law passed by the lawmakers in December 2021. In the new Act which increased the size of the federal budget for 2022 to N17.319 trillion, N817.699 billion is for statutory transfer, N3.978 trillion will go to debt service, N7.108 trillion is for Recurrent (Non-Debt) Expenditure while N5.415 trillion is for Contribution to the…
Ukraine said it clawed back a chunk of the industrial centre of Sievierodonetsk, appearing to stymie a Russian drive to capture the ruined eastern city, the focus of Moscow’s offensive to take the Donbas region. FIGHTING * Russia will continue its military operation in Ukraine until all its goals have been achieved, said Kremlin spokesperson Dmitry Peskov. * Ukraine does not plan to use multiple-launch rocket systems it receives from the United States to attack facilities in Russia, a Zelenskiy adviser said. * Prosecutors investigating war crimes cases in Ukraine are examining allegations of the forcible deportation of children to…
Registrar/Chief Executive, Teachers Registration Council of Nigeria (TRCN), Segun Ajiboye, has been elected President of Africa Federation of Teaching Regulatory Authorities (AFTRA). The election took place at the end of the 9th Annual Conference and 11th Roundtable of the Federation held in Accra, Ghana. Ajiboye, who has been vigorously pursuing professionalising teaching in Nigeria promised not to let the Federation down and to expand AFTRA activities to more French and Arabic speaking countries. The TRCN boss disclosed that the election was a further confirmation of the giant strides Nigeria has been recording in boosting teacher's morale, improving their capacity and…
Ukraine expects to receive more weapons from allies after a fresh U.S. pledge, President Volodymyr Zelenskiy said, as the battle for Ukraine's east raged 100 days into Russia's invasion. Moscow's forces now occupy about 20% of Ukraine's territory, according to Zelenskiy. Russian President Vladimir Putin's forces are focusing on the industrial Donbas region, comprised of Luhansk and Donetsk, in the hope of a high-profile victory. Three civilians were killed in Donetsk, including two in the coal-producing town of Avdiivka, and nine people were injured, Governor Pavlo Kyrylenko said late on Thursday. Reuters could not immediately confirm the details. "The entire…
Federal executive council (FEC) has approved the proposal of the Nigerian National Petroleum Corporation (NNPC) to sign an agreement with the Economic Community of West African States (ECOWAS) for the construction of the Nigeria-Morocco gas pipeline. The council gave the approval on Wednesday at the weekly meeting presided over by vice-president Yemi Osinbajo in Abuja. Timipre Sylva, minister of state for petroleum resources, who spoke at the end of the meeting, said the project was still at the front-end and engineering designing stage, adding that the cost would be determined after the design has been completed. He said the pipeline…
November 26, 2024

CBN extends deadline for BDCs to recapitalise

The Central Bank of Nigeria (CBN) has granted a six-month extension to Bureau De Change…
November 26, 2024

Tinubu’s nepotism worse than Buhari’s, Senator says

Enyinnaya Abaribe, senator representing Abia South, has stated that Nigeria would have been in a…
November 24, 2024

Older adults opened up about things they ‘took for granted’ in their 20s and 30s

Last month, we wrote a post where older adults from the BuzzFeed Community shared things…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 26, 2024

Fighter jet brought to combat bandits who invaded Benue communities, killed 30, official says

At least 30 people have been killed in several communities across two Local Government Areas…
November 26, 2024

What to know after Day 1006 of Russia-Ukraine war

WESTERN PERSPECTIVE Russian drones, missiles attack Ukraine's east, south and capital Russian missiles damaged residential…
November 26, 2024

WhatsApp just introduced major new upgrade that overhauls messaging

I love WhatsApp but I’ve never been fond of voice messages, leaving them or retrieving…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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