Nigeria to spend next 40 years repaying controversial N23.72tr CBN overdrafts to FG

• Senate approves restructuring of controversial loan • Reps may accede to request next week • Liquidation of facilities to be spread to 2063 • Spending requires thorough investment not approval, says Owoh • Approval could open floodgate of litigation, expert warns • CBN’s budget support grows by 2,900% in eight years • Funding prevents […]

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NASS leadership: Tinubu defers zoning decision after May 29

• Adamu: We’re working on consensus arrangement, consulting with Tinubu • Lukman to withdraw suit against Adamu, Omisore • APC can’t determine who becomes Speaker, says LP Reps-elect Ahead of the inauguration of the 10th National Assembly in June, the ruling All Progressives Congress (APC) has said it will work with the President-elect, Bola Tinubu, […]

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Sudan crisis: Lawmakers summon Onyeama, Dabiri, NEMA officials

• Blame inter-agency rivalry for evacuation challenges • ‘Nigerian pilgrims may not pay additional Hajj fare’ House of Representatives, yesterday, summoned Minister of Foreign Affairs, Geoffrey Onyeama and Chairman of Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri. The lawmakers also invited officials of the National Emergency Management Agency (NEMA). The summon came on the heels […]

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Conglomerates lose 80 per cent of share value in eight years

•Firms relocating to neighboring countries, operators warn •Investors urge govt to improve business environment Lingering inflation, parlous infrastructure and harsh operating environment have continued to assail the performance of the conglomerates industry, causing the listed firms under the sector to lose over 80 per cent in share price. An eight year assessment of stocks under […]

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Senate Presidency: Negotiations, intense lobbying among contenders as APC’s NWC meets

• Why North may outsmart South • Umahi: Southeast deserves No.3 seat • Adopt Northwest for Senate President, group gives Tinubu condition for second term After some lull in political intrigues since the completion of the general elections in March, next month’s inauguration and election of principal officers of the 10th National Assembly is another […]

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HURIWA puts task before Iwuanyanwu as new Ohanaeze leader

Civil rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA), yesterday, set an agenda for the newly elected President General of the apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, Dr. Emmanuel Iwuanyanwu. In a statement by its National Coordinator, Emmanuel Onwubiko, it congratulated the elder statesman and tasked him to rebuild Ohanaeze, so that every […]

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Ahead of Ekweremadus’ sentencing, House begs UK court for leniency

• Family friend fears for daughter, Sonia’s well-being Ahead of this Friday’s sentencing of former Deputy Senate President Ike Ekweremadu for organ harvesting, the House of Representatives has appealed to the Central Criminal Court, United Kingdom to temper justice with mercy. The plea, yesterday, followed adoption of a motion of urgent public importance raised by […]

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