Buhari reconstitutes board of federal mortgage bank
President Muhammadu Buhari, on Thursday gave his approval for the reconstitution of the Board of the Federal Mortgage Bank of Nigeria. The approval, according to a statement issued by Garba Shehu, the Senior Special Assistant to the President, is with a view to repositioning the bank as a core
National Assembly passes amended 2022 budget, approves N965billion borrowing
An amendment to the 2022 Appropriation Act and 2022 Fiscal Framework, which raised the deficit in the Federal Government’s budget by N965.42billion to N7.35trillion, has been passed by the National Assembly. The President had written to the National Assembly to call for amendments to the budget and the fiscal
Ask Presidential aspirants to show standard roads, schools, hospitals they’ve built — Sowore charges Nigerians
Human rights activist, Omoyele Sowore has asked the Nigerian electorate to ask for the standard roads, schools and hospitals built by those contesting the 2023 presidential election before they vote for them. Sowore, in a Twitter thread on Wednesday, said it’s not enough for campaigners to turn the social
Cross river Governor, Ayade presents ‘status-befitting’ vehicles to judges for ‘standing with the truth’
Governor Ben Ayade of Cross River on Wednesday in Calabar gifted newly-appointed judges brand new SUVs. Making the presentation, the governor also promised to improve the welfare of the judges According to a statement by the Cross River government, he described the gesture as a way of appreciating the
Adulterated petrol: No sanctions for NNPC, importers, say Reps
The House of Representatives, on Thursday, has said nobody will be sanctioned for the supply of adulterated Premium Motor Spirit, otherwise known as petrol, which caused a major crisis in Nigeria’s fuel chain and untold hardships on Nigerians. At the plenary on Thursday, the House considered and adopted the reviewed
Why naira-dollar exchange rate gap is widening – ABCON
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market exchange rates is driven by acute dollar scarcity due to the continued suspension of foreign exchange sales to BDCs by the Central Bank of Nigeria (CBN). ABCON stated this in
Buhari transmits money laundry, terrorism prevention bills to Reps
President Muhamadu Buhari has transmitted the Money Laundry and Terrorism Prevention Bills 2022 to the House of Representatives for consideration and passage into law. Ahmed Idris-Wase, Deputy Speaker of the House read the cover letter for the two pieces of legislation at resumed plenary on Wednesday. Buhari said the bills
Tens of thousands feared dead in Mariupol as Russia renews assault in eastern Ukraine
LONDON — Tens of thousands of civilians could be dead in Mariupol, the city’s mayor said, as analysts warn that Russia is regrouping for a renewed assault on eastern Ukraine. The streets in Mariupol are “carpeted” with bodies, Vadym Boychenko, the mayor of Mariupol, said Monday. While there is no
Educational needs ‘enormous’ for Ukrainian refugees who have fled to Moldova
Amid the ongoing humanitarian crisis that has unfolded in the weeks since Russia invaded Ukraine, education advocates are working to ensure Ukraine’s displaced children are not forgotten. More than 4.6 million people have fled Ukraine to neighboring countries since the invasion began, according to data from the United Nations High
Shanghai lockdown tests resilience of ‘Zero-COVID’ strategy, as economic and social tolls grow
HONG KONG — China’s largest city is buckling under its biggest COVID-19 outbreak of the pandemic, with infections continuing to rise, despite a strict lockdown of more than 25 million Shanghai residents. Cases in Shanghai surged on Wednesday to another record high of 26,330, of which just 1,190 were symptomatic.