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The Muhammadu Buhari administration says the fresh $4.9 billion external loans will finance 15 projects across six geo-political zones. Garba Shehu, senior special assistant to the president on media and publicity, made this known in a statement issued on Saturday. Buhari had sought approval of the national assembly to borrow $4,054,476,863 and €710 million in an addendum to the 2018-2020 external (rolling) borrowing plan. He also asked the national assembly to approve grant components of $125 million. According to the presidency, the loans will be sourced from World Bank, French Development Agency (AFD), China Export-Import (Exim) Bank, International Fund for…
Sunday, 19 September 2021 06:08

Buhari goes to US for UN meeting

President Muhammadu Buhari will depart Abuja today Sunday for New York, United States of America, to participate in the 76th Session of the United Nations General Assembly (UNGA76), the Presidency has said. Special Adviser to the President on Media and Publicity, Femi Adesina, in a statement said this year’s UNGA session which opened on Tuesday, September 14, has the theme “Building Resilience Through Hope – To Recover from Covid-19, Rebuild Sustainably, Respond to the Needs of the Planet, Respect the Rights of People and Revitalize the United Nations.” Buhari will address the Assembly during the General Debates on Friday, September…
Ladiran Akintola of Oyo State High Court, sitting in Ibadan, the state capital, on Friday awarded N20 billion aggravated damages against the Federal Government and Department of State Security (DSS) in a case of fundalmental human rights instituted by the Yoruba nation activist, Sunday Adeyemo, also known as Sunday Igboho. The court also granted all the 16 reliefs sought by Igboho, through his counsel, Yomi Alliyu, and awarded additional cost of N2 million against the respondents jointly and in favour of Igboho. The three respondents are Attorney-General of the Federation and Minister of Justice, Abubakar Malami, as the first respondent,…
America’s oldest ally, France, recalled its ambassador to the United States on Friday in an unprecedented show of anger that dwarfed decades of previous rifts. The relationship conceived in 18th century revolutions appeared at a tipping point after the U.S., Australia and Britain shunned France in creating a new Indo-Pacific security arrangement. It was the first time ever France has recalled its ambassador to the U.S., according to the French foreign ministry. Paris also recalled its envoy to Australia. Foreign Minister Jean-Yves Le Drian said in a written statement that the French decision, on request from President Emmanuel Macron, “is…
A drone strike in Kabul last month killed as many as 10 civilians, including seven children, the U.S. military said on Friday, apologizing for what it called a “tragic mistake”. The Pentagon had said the Aug. 29 strike targeted an Islamic State suicide bomber who posed an imminent threat to U.S.-led troops at the airport as they completed the last stages of their withdrawal from Afghanistan. Even as reports of civilian casualties emerged, the top U.S. general had described the attack as “righteous”. Head of U.S. Central Command, Marine Corps General Frank McKenzie, said that at the time he had…
It is, perhaps, with just a hint of satisfaction that the Dutch office for national statistics has confirmed that the men and women of the Netherlands remain the tallest people on the planet. But the government’s statisticians have had cause to report a further potentially humbling twist: the Dutch are shrinking. For the last six decades, the people of the lowlands have stood imperiously at the top of the world height league table, with the latest data suggesting the average 19-year-old man stood at just over 6ft tall (182.9cm) in 2020, while women born in the same year measured in…
Governors of the southern states have expressed support for the collection of value-added tax (VAT) by state governments. Rotimi Akeredolu, governor of Ondo state, disclosed this while reading a communique at the end of a meeting of the governors on Thursday in Enugu. Federal Inland Revenue Service (FIRS) and some state governments are currently embroiled in a legal tussle over VAT collection. Rivers and Lagos state governments have enacted laws and called for decentralisation of collection. While the Lagos state government is seeking to join Rivers in the suit, the matter is currently pending at the Supreme Court. Last week,…
Nigerian air force said on Thursday it may have killed and injured civilians while pursuing suspected Islamist insurgents in the northeast, in an incident that local authorities said left nine people dead. Another 23 people from the village of Buwari, including five children, were injured on Wednesday, the State Emergency Management Agency in Yobe State said, after what it described as reports of a strike. The Nigerian armed forces are fighting two Islamist insurgent groups in the northeast, Boko Haram and Islamic State’s West African Province (ISWAP), in a conflict that has killed 350,000 people and made millions dependent on…
Economic Community of West African States (ECOWAS) imposed sanctions against the junta in Guinea on Thursday and demanded they return the country to constitutional rule within six months, the president of the bloc’s commission said. At a briefing after an emergency summit in Accra, Jean-Claude Kassi Brou said ECOWAS would freeze the bank accounts and impose travel bans for junta members and their relatives and called for the immediate release of President Alpha Conde, who was ousted last week. Reuters
Nigeria’s annual inflation eased in August for a fifth straight month to 17.01% after the pace of food price growth witnessed a drop, figures from the statistics office showed on Wednesday, ahead of a central bank rate-setting meeting this week. Inflation, which has been in double digits since 2016, stood at 17.38% in July. The increase in prices peaked in March due to Covid-19 disruptions, currency devaluations and security issues in food producing regions. Food price inflation, the major headline component, eased 73 basis points in August to 20.30% on-month, National Bureau of Statistics (NBS) said. Core inflation, excluding prices…
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…
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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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