Niger: Military option open as Tinubu orders more sanctions against individuals, entities

ECOWAS leaders • Niger’s military junta appoints ex-Economy Minister as new PM • Says it cannot receive ECOWAS delegation for security reasons • Mali warns of catastrophe if ECOWAS intervenes in Niger • No headway as U.S. envoy meets coup leaders, denied access to Bazoum • Blinken: Wagner taking advantage of instability • ACF urges […]

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Tinubu moves to end overreliance on borrowing for public expenditure

• Inaugurates committee on fiscal policy, sets 18% tax to GDP target • President knows Nigerians are suffering, says Okonjo-Iweala President Bola Tinubu, yesterday, expressed his administration’s commitment to break the cycle of overreliance on borrowing for public spending, and the resultant burden of debt servicing it places on management of limited government revenues. Inaugurating […]

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Fear of sovereign debt defaults takes toll on banks, economic outlook

• Five banks hold N11.8 trillion govt securities• Economic distress real concern, say experts • As Nigeria, Kenya show signs of replicating Ghana’s path • Lenders urged to restrict NPL to less than 10% • ‘Concerns about default are tenable, debt-to-revenue ratio is rising’ As African governments fight to stave off debt distress, experts have […]

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Striking doctors suspend planned protest

The Nigerian Association of Resident Doctors (NARD) has suspended its protest slated for Wednesday August 9, 2023. NARD President, Innocent Orji, who said this on Channels Television’s Sunrise Daily breakfast programme, however, stated that the industrial action by the association continues. “Yes, we put on hold the protest that was supposed to start this (Wednesday) […]

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Osun PDP nominates ex-LG boss to replace deceased South West chairman Adagunodo

Osun State chapter of the Peoples Democratic Party has nominated the ex-chairman of Irepodun Local Government, Mr. Kamarudeen Ajisafe, as a replacement for Mr. Soji Adagunodo, the erstwhile South West chairman of the party, who died in May. A communique signed by the state PDP chairman, Mr. Sunday Bisi, obtained on Wednesday, said Ajisafe’s choice […]

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Oshiomhole, Lawan, Yari named chairmen as Senate unveils 74 committees

The Senate President, Godswill Akpabio, on Monday , unveiled the chairmen of the 74 full-standing committees of the 10th Senate. The Senate committees were formed after hours of closed-door sessions. Some of the heavyweights, who were named committee chairmen include Housing and Urban Development, Aminu Tambuwal; Interior, Adams Oshiomole; Defence, Ahmed Lawan; Water Resources, Abdulaziz […]

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Jakande conceived Banana Island, allocated no plot to self – Son

The family of the late former governor of Lagos State, Alhaji Lateef Jakande, has said they have no single piece of land on Banana Island despite that the island was developed under the Jakande administration. Jakande’s son, Seyi, while speaking on Monday during the maiden edition of Lateef Jakande Annual Memorial Lecture held at Sheraton […]

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Niger: Northern group asks Gowon, Obasanjo, IBB, Abdulsalami to caution Tinubu against invasion

A group under the auspice of Northern Consensus Movement (NCM) has called retired military heads of state in Nigeria including Generals Yakubu Gowon, Olusegun Obasanjo, Ibrahim Babagida, and Abubakar Abdulsalami to caution President Ahmed Bola Tinubu against invading Niger Republic after exhaustion of the seven days ultimatum given to the military juntas of the country. […]

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Osun Assembly names committee chairmen

Osun State House of Assembly has rolled out its 22 Standing Committees for the 8th Assembly. The composition of the House Committees was announced during the Plenary of the House. The Committees and their chairmen as rolled out by the Speaker, Rt. Hon. Adewale Egbedun, are as follows: Rules and Business: Adewumi Kofoworola, Industrial Relation: […]

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