The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria for the direct payment of their allocations from the Federation Account. The latest development represents yet another…
President Bola Tinubu says his administration is determined to bequeath a well-trained, well-motivated and well-equipped Police Force whose operations are enhanced by modern tools and technology to combat crime in Nigeria effectively. He said this had become necessary to ensure that the nation’s security forces are constantly “steps ahead of those who threaten the peace,…
The Presidency has debunked widespread reports claiming that President Bola Tinubu has sacked the Chairman of the Independent National Electoral Commission, Professor Mahmood Yakubu. The reports, which went viral early Monday, alleged that Yakubu had been removed from office and replaced with a certain Professor Bashiru Olamilekan in what was described as a “sweeping change”…
Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic,…
Former Serie A champions Napoli are willing to lower Victor Osimhen’s €75m valuation to enable Manchester United seal a deal for the Nigerian striker and also prevent him from joining Italian rivals Juventus in the summer. Currently on loan at Galatasaray, Osimhen is destined to part ways with Napoli at the end of the current season…
As coalition talks to challenge President Bola Tinubu in the 2027 elections gain traction, northern stakeholders are pushing for southern aspirants to commit to a single-term agreement. A source involved in the coalition negotiations, who requested anonymity due to lack of authorisation to speak on the issue, stated that northern stakeholders are urging former Vice…
The National President of the Nigeria Union of Local Government Employees, Alhaji Haruna Kankara, on Sunday, said about 20 states have yet to implement the N70,000 new minimum wage for local government workers and primary school teachers. The states include Yobe, Gombe, Zamfara, Kaduna, Imo, Ebonyi, Cross River, Federal Capital Territory, Abuja, Borno and 11…
The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan. According to a source at the World Bank who spoke to our correspondent under the condition of anonymity on Friday, the amount is being provided under the Finance for Development Multi-Donor Trust Fund as…
Nigeria’s total public debt rose to N144.67tn ($94.23bn) as of December 31, 2024, representing a 48.58 per cent increase compared to N97.34tn ($108.23bn) recorded at the end of December 2023. The Debt Management Office disclosed this in its latest report on the country’s public debt profile. The report also revealed a quarter-on-quarter rise of 1.65 per…
The Nigerian Bar Association has waded into the lingering case involving 15 former domestic workers of ex-first lady, Dame Patience Jonathan, who have remained in detention for six years over alleged theft of jewellery and other valuables. A top official of the association said the NBA was also engaging with Mrs Jonathan to resolve the matter. Our…
