The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which estimated that 139 million citizens were living in poverty, describing the figure as “unrealistic” and detached from the country’s economic realities. President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, said in a post on […]
Economic reforms have corrected past policy missteps, held the country back from slipping into a fiscal crisis and stablised the macroeconomic conditions, but equally increased survival pressure on the citizens, with the number of poor rising by an additional 58 million in six years, the World Bank has said. In its latest Nigeria Development Update […]
The Presidency has denounced the recent comments by a United States Senator, Ted Cruz, who alleged genocide and targeted killings of Christians in Nigeria. Also rejecting the narrative, the House of Representatives described it as a misrepresentation of Nigeria’s complex security landscape and a distortion of facts. The House directed that the United Nations (UN) […]
The Securities and Exchange Commission (SEC) says the country’s non-interest capital market is valued at N1.6 trillion. Dr Emomotimi Agama, the Director-General of SEC, said this in Abuja on Tuesday at a pre-news conference in preparation for the 7th African International Conference on Islamic Finance (AICIF) scheduled between Nov. 4 and Nov. 5. Agama said […]
The Federal High Court in Abuja on Wednesday adjourned the trial of the leader of the Indigenous People of Biafra, Nnamdi Kanu, to October 16, for the presentation of his medical examination report by the Nigerian Medical Association. The trial judge, Justice James Omotosho, adjourned the matter due to the NMA’s inability to conclude its […]
The Anambra State governor, Prof. Chukwuma Soludo, has lauded the invaluable contributions of teachers to society, emphasising their critical role in shaping the future of education in Anambra State. According to a press statement released by the governor’s Press Secretary, Christian Aburime, on Wednesday, the governor urged appreciation for teachers worldwide, highlighting particularly the efforts […]
President Bola Tinubu has formally accepted Professor Mahmood Yakubu’s departure as Chairman of the Independent National Electoral Commission following the expiration of his second and final tenure. Following the development, the President is set to name Yakubu’s successor after the Council of State meeting in Abuja on Thursday, after presenting the list of nominees for […]
Minister of Innovation, Science and Technology, Uche Nnaji, has resigned following controversy over his academic qualifications. Presidential spokesperson Bayo Onanuga confirmed the resignation in a statement saying that President Bola Tinubu had accepted it and wished Nnaji well. The move came after an investigation revealed that the University of Nigeria, Nsukka (UNN), disowned the Bachelor […]
Prof. Mahmood Yakubu, former Chairman of the Independent National Electoral Commission (INEC), has revealed that his decision to step down from office was to allow the smooth appointment and transition to a new chairman. Yakubu, who announced his exit during a consultative meeting with Resident Electoral Commissioners (RECs) at the INEC headquarters in Abuja on […]
Bola Tinubu, Nigeria’s president, has asked the House of Representatives to approve fresh external borrowing of $2.347 billion and the issuance of a $500 million debut sovereign Sukuk in the international capital market. The request which was read on the floor of the House on Tuesday by Speaker Abbas Tajudeen, is aimed at funding part […]
