Tag: Bola Tinubu

“IBB’s Delayed Apology for June 12: ‘Fortunate,’ Says Ex-Governor”

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A former Governor of Niger State, Babangida Aliyu, has said the former military Head of State, Ibrahim Babangida, was lucky to have a chance to apologise to Nigerians for some of his actions. The Peoples Democratic Party chieftain said the former military leader deserves to be forgiven for his actions, especially in the annulment of the June 12 1993 presidential election. It was reported that Babangida, on Thursday, expressed regret over the annulment of the June 12, 1993, presidential election, acknowledging that the candidate of the Social Democratic Party, Moshood…

BREAKING: CBN retains interest rate at 27.50%, maintains other parameters

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The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters. This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja. In this regard, that keeps the Monetary Policy Rate (MPR) at 27.50 percent, and retains the asymmetric corridor around the MPR at +500/-100 basis points. The MPC also retained the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent, Merchant Banks at 16 percent, and Liquidity Ratio at 30.00 percent.

JUST IN: FG terminates RCC’s Oyo-Ogbomoso road contract

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The Federal Government has terminated the 98km Oyo-Ogbomoso road contract awarded to RCC Construction Company. The Minister of Works, Engr. Dave Umahi, disclosed this on Thursday at the Oyo Federal Roads Stakeholders’ Engagement in Ibadan, themed Enhancing Federal Roads in Oyo State: Challenges and Sustainable Solutions. Umahi stated that the project was long overdue but assured the public that it would soon be re-awarded to another contractor. According to stakeholders, the failure to complete the road on time has hindered economic growth not only in the area but across Oyo…

Abiola won June 12 election, but annulment was my toughest decision – Babangida

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Former military president, General Ibrahim Babangida (retd.), has admitted that the late Chief MKO Abiola won the June 12, 1993, presidential election but described its annulment as the most difficult decision of his life. Babangida made the revelation in his autobiography, ‘A Journey in Service,’ which was unveiled in Abuja on Thursday. Reviewing the book at the event, former Vice President Yemi Osinbajo quoted Babangida as saying that Abiola, who contested on the platform of the Social Democratic Party, met all constitutional requirements, including securing the majority of votes and…

Thank you for restoring my rank, honour, Gowon tells IBB

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Former Head of State, Gen. Yakubu Gowon (retd.), has expressed gratitude to the ex-military president, Ibrahim Babangida, for restoring his rank and honour. Speaking at a book presentation by the former military president on Thursday in Abuja, Gowon acknowledged that Babangida saved him from treason charges. The elder statesman also appreciated Babangida for their long-standing friendship and his contributions to Nigeria’s development. Gowon said, “I had a very rough time in government; I was even charged with treason. Later, President Shagari rescinded that order, and you (IBB) eventually restored my…

Clark’s last words before demise — Family

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The family of late Chief Edwin Clark, leader of the Pan Niger Delta Forum (PANDEF), has revealed his final words before his passing on Monday night at the age of 97. Speaking, the National Chairman of PANDEF, Amb. Godknows Igali and the first child of the elder statesman, Mrs. Rebecca Clark-Okorodudu, said Clark affirmed his love for Nigeria, saying “I am a Nigerian, I love Nigeria, Nigeria is my country, I am proud to be a Nigerian.” He also encouraged those he left behind to persevere and continue fighting for…

10 killed, N11bn property destroyed in Kano #EndBadGovernance protest – Report

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Kano State Governor Kabir Yusuf has pledged to fully implement the recommendations of the Committee of Inquiry on the #EndBadGovernance Protest held on August 1, 2024. He made the promise when he received the report from the committee’s chairman, Justice Lawan Wada (retd.), during the 25th Kano State Executive Council meeting at Government House on Tuesday The governor also announced that a white paper would be issued, identifying those responsible for sponsoring and perpetrating the violent protest. This is contained in a statement released by the governor’s spokesman, Sanusi Tofa,…

N54tn budget: N’Assembly raises recurrent vote, cuts N500bn from capital spending

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The National Assembly, on Tuesday, reviewed the 2025 budget, which was passed last week, reducing the capital expenditure component while raise the recurrent expenditure. The lawmakers said the review became necessary following some errors in the passed budget. Although the budget size remains N54.99tn, the capital expenditure was reduced by more than N500bn while the recurrent expenditure was increased by the same amount. At plenary sessions on Tuesday, both the Senate and the House of Representatives effected corrections in the figures earlier passed for some of the ministries, departments and…

CBN Demands Transparency: Banks to Publish Unclaimed Balances

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The Central Bank of Nigeria (CBN) has directed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. The directive, contained in a circular issued on Monday, is titled “Guidelines on Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions in Nigeria.” The circular was signed by Michael Akuka on behalf of the Director of CBN’s Financial Policy and Regulation Department. As part of the new regulations, financial institutions are required…

Tariff hike: Airtel raises data, call rates

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Airtel Nigeria, the country’s second-largest telecom operator, has revised its data pricing structure, implementing a tariff adjustment of up to 50 per cent. Details of the price revision, which affects various data bundles, were published on the company’s website on Monday. This move aligns with ongoing industry concerns over escalating operational costs. While the company has yet to issue an official statement, the adjustment underscores the broader push among telecom operators for a tariff review to cushion the impact of inflation and forex volatility. Beyond data adjustments, the operator, with…