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Samuel Ortom, governor of Benue, on Tuesday, assented to the amended Community Volunteer Guards law of the state. The new law empowers local guards to carry weapons legally recognised by the constitution. The law was first passed in 2000 by the state house of assembly and assented to by George Akume, former governor of Benue. Ortom explained that over 20 years after, it has become pertinent to amend the law to aid the guards complement the “grossly inadequate” conventional security agents in the fight against insecurity. He added that traditional rulers would oversee the recruitment of the guards as it…
Nigeria on Monday became the first African nation to launch a digital currency - the eNaira - a move its leaders said will expand access to banking, enable more remittances and even grow the economy by billions of dollars. Africa's most populous nation joins the Bahamas, the first to launch a general purpose central bank digital currency, known as the Sand Dollar, in October. China has ongoing trials and Switzerland and the Bank of France have announced Europe's first cross-border experiment. But experts and cryptocurrency users in the continent's biggest economy say the fact that there are more questions than…
Tuesday, 26 October 2021 05:49

FG announces date for end of petrol subsidy

The World Bank has decried the continued spending by the government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Its Country Director for Nigeria, Shubham Chaudhuri, who spoke on Monday at a panel session during the 27th National Economic Summit, said the country could channel the money being spent on subsidy to primary healthcare, basic education and rural roads. “This year, Nigeria is on track to spend N2.9tn on PMS subsidy, which is more than it spends on health,” he said. Also speaking at the session, Minister of Finance, Budget and National Planning,…
At least three people are reported to have died and some 80 have been hurt after soldiers fired on crowds opposing a military takeover in Sudan. Protestors took to the streets after the armed forces dissolved civilian rule, arrested political leaders and called a state of emergency on Monday. Troops are reported to have been going house to house in the capital Khartoum arresting local protest organisers. The coup has been condemned around the world, and the US halted $700m in aid. The leader of the coup, Gen Abdel Fattah Burhan, blamed political infighting for the military action. Civilian leaders…
PRESS RELEASE President Muhammadu Buhari will, Monday October 25, 2021, depart for Riyadh, Saudi Arabia, to participate in the investment conference organized by the Future Investment Initiative Institute. The President will be joined at the 5th edition of the flagship investment event by business executives from Nigeria, bankers, Captains of industry and energy experts to discuss issues on the future of investments across the globe. The three-day event, with the theme, INVESTMENT IN HUMANITY, which will host global executives and asset managers, will deliberate on progress and prosperity with energy; true final frontiers in investments; science in action; and impact…
Minister of Interior, Rauf Aregbesola has vowed that all inmates who escaped from the Abolongo Custodial Centre of the Nigeria Correctional Service, Oyo State, on Friday night will be recaptured. The Minister gave the assurance during an inspection visit to the facility Sunday morning. In a copy of the speech delivered during the visitation, the minister claimed that attacks on prisons in the country were premeditated and meant to ridicule the government. He lamented that jailbreaks and attacks on prisons worsened after the #EndSARS protest in the country. He said, “External attacks on custodial facilities were a rarity hitherto. What…
Anambra State has approved Saturdays as school days in place of Monday following the sit-at-home order by the Indigenous Peoples of Biafara (IPOB). A statement by Commissioner for Information and Public Enlightenment, Don Adinuba, confirmed that all headmasters had been directed to notify teachers, pupils as well as parents about the new development. “Quality Assurance supervision and every other supervision, henceforth, will hold on Saturdays. Every permission for absence from classes on Saturdays must be addressed to the executive chairman, ASUBBEB through the E S following due process. Saturday classes will commence on October 30,” he said. Adinuba said the…
Budgetary allocations for the Presidential Air Fleet have increased from N4.37bn in 2017 to N12.48bn in 2022, according to data obtained from the appropriation bills of the Federal Government within the period under review. Jets in the Presidential Air Fleet serve President Muhammadu Buhari, Vice President Yemi Osinbajo and their households. This shows an increase of N8.11bn or 185.58 per cent in five years, signalling a rise in the cost of running the Presidential Air Fleets. On October 7, 2021, President Muhammadu Buhari presented the 2022 budget proposal to a joint session of the National Assembly; a whopping N16.39tn, which…
Nigerian Army has countered an article by The Economist, which criticises the federal government on the security challenges in the country and describes “many” soldiers as “ghosts”. The article, published earlier on Saturday, had made references to security agencies such as the army and the police, noting that the government needs to do more improve security. “When violence erupts, the government does nothing or cracks heads almost indiscriminately. Nigeria’s army is mighty on paper. But many of its soldiers are “ghosts” who exist only on the payroll, and much of its equipment is stolen and sold to insurgents,” the article…
Little more than six decades ago, as Nigeria was nearing independence, even those who were soon to govern Africa’s largest country had their doubts about whether it would hold together. British colonists had drawn a border around land that was home to more than 250 ethnic groups. Obafemi Awolowo, a politician of that era, evoked Metternich, fretting that “Nigeria is not a nation. It is a mere geographical expression.” The early years of independence seemed to prove him right. Coup followed coup. Ethnic pogroms helped spark a civil war that cost 1m lives, as the Southeastern region calling itself Biafra…
November 27, 2024

CBN increases Interest Rate yet again

The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) from 27.25%…
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 27, 2024

Here’s the latest as Israel-Hamas war enters Day 418

Israel-Hezbollah ceasefire, brokered by US and France, aims for permanent peace A ceasefire between Israel…
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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