Nigeria risks financial ‘blockade’, frosty relations with funders

World Bank calls for sovereign debt changes ahead of looming recession Cold attitude to reforms harming domestic investment outlook, experts say ‘Challenge western countries but with better policy options’ Nigeria’s Eurobond rises by about 100% in six months Nigeria is gradually inching towards a financial ‘blockade’ at the international financial market, as its working relationship […]

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Ex-CJN to get N2.5bn benefits, Senate begins corruption probe

Retired CJN entitled to gratuity that is 300% of N3.36m annual basic – Investigation The immediate past Chief Justice of Nigeria, Ibrahim Muhammad, is expected to get a N2.5bn severance package from the Federal Government. Muhammad’s resignation on health grounds was announced on Monday, less than a week after the 14 Supreme Court Justices accused […]

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Dollar hits N615, local raw materials sourcing declines to 52%

The pressure on the foreign exchange market continued on Tuesday, with the dollar exchanging at N615 at the parallel market in Lagos and Abuja. This is even as the percentage of local raw materials sourced by Nigerian manufacturers declined to 52.4 per cent in 2021, from 57.5 per cent obtained in 2020, according to data […]

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Matawalle signs banditry bill into law, explains call for self-defence

Zamfara State Governor, Bello Matawalle signing the banditry, terrorism, kidnapping bill into law in Zamfara… yesterday Nigeria not ripe for individual ownership of guns, says criminologist Zamfara governor acted within his rights – Ex-DSS boss Bandits abduct CMD of General Hospital, NULGE chairman’s pregnant wife in Zamfara No need to arm citizens for now, call […]

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Matawalle insists residents must carry guns in self-defence

In spite of the reservation by Chief of Defence Lucky Irabor, Zamfara State Governor Bello Matawalle says there is no going back on his directive to Zamfara State residents to acquire arms and defend themselves against bandits. Yesterday, he went a step further by inaugurating four committees to implement all strategies designed out by his […]

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CJN’s resignation won’t stop probe of Justices’ corruption allegation, says Senate

The Senate has said the resignation of former Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad, will not stop its probe of corruption allegations leveled against him by the Justices of the Supreme Court. The resolution of the Senate followed a motion by the Chairman of its Committee on Judiciary, Human Rights and Legal […]

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Afenifere tasks Buhari on insurgency, says no to IDP camps in South

Fight terrorism scientifically, ex-naval officer urges govt Pan-Yoruba socio-political organisation, Afenifere, yesterday, urged the government to halt security breaches in the country and prevent the establishment of camps for Internally Displaced Persons (IDPs) in the South as obtained in some parts of the North. In a statement issued by National Publicity Secretary, Mr. Jare Ajayi, […]

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Fresh fare hike looms over stranded $600 million airlines’ fund

Travel agencies seek CBN’s intervention Air travelers on the international route may face fresh fare hikes as part of the ripple effects of foreign airlines’ unrepatriated $600 million in Nigeria. Travel agencies, yesterday, said the upward adjustment would be inevitable should airlines withdraw promotional and least fares, coupled with the preference to sell Nigerian air […]

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At last, Jonathan explains why he didn’t implement 2014 CONFAB report

Former President Goodluck Jonathan (C) accompanied by Nigerian Government Secretary and Senator Anyim Pius Anyim (L) and conference chairman Justice Idris Kutigi arrive to attend the inauguration of the national conference to tackle the country’s burning issues in Abuja on March 17, 2014. Jonathan has finally explained why he didn’t implement the CONFAB report. Photo: […]

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Why we directed Zamfara residents to acquire guns – Matawalle

Zamfara State Governor Bello Matawalle has said that the State Government relied on extant legislation to direct residents to acquire weapons to defend themselves. This is contained in a statement by Jamilu Magaji, the Chief Press Secretary to the Governor on Tuesday. Magaji stated that the Governor made the remark while inaugurating some security committees […]

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