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President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing.
Chairman of the House of Representatives Committee on Treaties, Protocols and Agreements, Hon. Ossai Nicholas Ossai, and his counterpart in Public Accounts Committee, PAC, Hon. Woke Oke, Tuesday split over the procedures of probe of the Chinese loans.
The House of Representatives on Thursday rejected the presentation of the Central Bank of Nigeria (CBN) on the $11 billion withdrawn from the Excess Crude Account for the National Integrated Power Project following observed discrepancies in its presentation and that of the Accountant General of the Federation.
Total loans by the Chinese government and affiliate agencies to Nigeria is about $3.121 billion and constitutes only about 3.94 per cent of Nigeria’s total public debt of $79.3 billion as of March 31, the Debt Management Office (DMO) has said.
A House of Representatives committee has raised the alarm over clauses conceding Nigeria’s sovereignty to China in a loan agreement.
The Defence Headquarters (DHQ) has disclosed that the gallant Troops of Operation Hadarin Daji, Sahel Sanity, Whirl Stroke, Lafiya Dole, Delta Safe and others have again killed several Boko Haram leaders and members and recovered arms and ammunition.
The Defence Headquaters, DHQ, on Sunday said that in the renewed Operations to end insurgents activities in the country, the Troops have again killed top Boko Haram/Islamic State of West Africa Province – BH/ISWAP, members in the North East region of the country.
The Defence Headquarters, DHQ, on Saturday denied allegation of leaders of Tiv people in Taraba State under the aegis of Tiv Cultural and Social Association (TCSA) accusing Nigerian military personnel deployed in Taraba State of raping their wives and daughters and also destroying their properties in the name of manhunt for bandits in Southern Taraba.
Ambassador Paschal Oluchukwu, Convener of the Association of Ebonyi State Indigenes in Diaspora (AESID), has urged the nation’s anti-graft agencies to immediately undertake an holistic probe of the finances of Ebonyi State in the last 16 years in the light plethora of its abandoned projects and huge debt overhang.
The Federal Government on Thursday began the sale of its third tranche 7-year N150 billion Sovereign Sukuk, the Debt Management Office (DMO) said.
House of Representatives yesterday mandated its Committees on Treaties, Protocols and Agreements, Finance as well as Debt Management, DMO, to liaise with the Ministry of Finance and the DMO Office to seek review or outright cancellation of latest Chinese loans to Nigeria on the principle of force majeur.
To cushion the effect of the Coronavirus pandemic on the the economy, the Federal government plans to borrow the N850 billion External Borrowing approved in the 2020 Appropriation Act to Finance the Budget deficit.
Military jets deployed by the Air Task Force of Operation Lafiya Dole killed some leaders of the Islamic State of West Africa Province and Boko Haram fighters during a meeting at Kolloram on the fringes of the Lake Chad in Borno State.
Akwa Ibom State Government has embarked on on-the-spot assessment of properties vandalized in Uyo, the state capital as an aftermath of the #EndSARS protest.
Gov. Ben Ayade of Cross River has charged security agencies in the state to take legitimate actions to halt the spate of arson and carnage witnessed in some parts of Calabar.
President Muhammadu Buhari has sent his ministers to their home states in a move to douse tensions that resulted from the #ENDSARS protests, the crisis that succeeded them and then sell the Federal government’s decision to ensure police reforms and other issues the youths raised.
Brazilian legend Pele has claimed that Cristiano Ronaldo is better than Lionel Messi but insisted that he is still the greatest footballer of all time.
As the #EndSARS protests turn violent in different parts of the country, a Methodist Bishop, Dr Sunday Onuoha, has called on the demonstrating youths not to take the laws into their own hands.
Lagos State Government on Thursday released a list of about 20 ongoing criminal cases in courts against various erring police officers over brutality as well as a violation of fundamental human rights of residents.
Attackers have opened fire on a private school in Cameroon’s Southwest Region, killing at least four children, according to officials.
Vijay Sethupathi withdraws from the project after cricketer Muttiah Muralitharan warns him of backlash from Tamils over Sri Lankan civil war.
Gov. Abubakar Bello of Niger has inaugurated a 14-man judicial panel of inquiry, to investigate cases of police brutality and other related extrajudicial acts by the disbanded Special Anti-Robbery Squad (SARS) in the state.
The Senate Public Accounts Committee has queried the Niger Delta Basin Development Authority (NDBDA) over N220 million unexecuted contracts.