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SENATORS KNOCK TINUBU’S GOVT OVER BORROWING DESPITE EXCEEDING REVENUE PROJECTIONS The Nigerian Senate has expressed concerns over the decision of the Bola Tinubu-led federal government to seek loans to fund the nation’s budgets, despite exceeding revenue projections. The development comes after revenue-generating agencies, including the Nigeria Customs Service, Nigerian National Petroleum Company Limited (NNPCL), and Federal Inland Revenue Service (FIRS), …

THEY SAY THEY WANT BIAFRA, YET THEY KILL, KIDNAP THEIR BROTHERS – BISHOP LAMENTS OVER KILLINGS IN SOUTH EAST The Catholic Bishop of Nnewi Diocese, Rt. Rev. Jonas Benson Okoye, has expressed strong condemnation of the activities linked to Simon Ekpa, a controversial Biafra agitator based in Finland. Speaking during the burial of Senator Ifeanyi Ubah in Nnewi, the bishop …

AUDITOR GENERAL OF THE FEDERATION UNCOVERS ₦197.72B FRAUD IN CBN, OTHER MIDAS Office of Nigeria’s Auditor-General of the Federation has uncovered irregular payment for contracts amounting to N197.72 billion in Rural Electrification Agency agencies, Nigerian Bulk Electricity Trading Plc, a subsidiary of Central Bank of Nigeria, the Nigerian Security Printing and Minting Company and other ministries, departments, and agencies in …

1.5M ENUGU LG WORKERS GROAN OVER WITHHELD SALARIES AFTER VERIFICATION EXERCISE About 1.5 million workers from the 17 local government areas of Enugu State were not paid their October salary. According to the report, the non-payment of salary was as a result of physical verification exercise carried out to discover ghost workers which was held between January and March 2024. …

ENUGU SHINES AT UK BUSINESS FORUM The investment horizon looks green for Enugu State, South East Nigeria as the Coal City State has recently become a preferred destination for big businesses. In a rapidly changing global finance and economy where sustainability and technology are the cornerstones of economic growth, findings show that the state is now a formidable force in …

WHY NIGERIANS ARE GETTING POORER, BY DELE SOBOWA LE “Behind the facts of economics are the facts of psychology… The emotions of fear and confidence, the judgments of doubts and certainty constitute a very important medium through which we see economic values” – Arthur S Dewing, Harvard Business Review, 1923. WHY NIGERIAN BUDGETS OFTEN FAIL “Whatever a man prays for, …

ENUGU RESIDENTS GROAN AS RESIDENTS RESORT TO TREKKING Some commercial drivers operating within Enugu metropolis have decried low patronage by residents, attributing it to the economic challenges in the country. They said this in separate interviews with the News Agency of Nigeria (NAN) in Enugu yesterday. According to them, the recent increase in the pump price of Premium Motor Spirit …

NGO HOLDS TOWN HALL MEETING FOR SOUTH EAST JOURNALISTS A non-governmental organization, Rule of Law and Empowerment Initiative (PWAN), has put together a town hall meeting for media practitioners in South East Nigeria with a view to deepening their knowledge and understanding of the 2020 Nigeria police Act, and holding the personnel accountable. The group said the programme became necessary …

CONCERN OVER PUTIN’S HEALTH, HAS NOT BEEN SEEN FOR TWO WEEKS President Vladimir Putin has not been seen in public for 13 days following claims of ill health, while the Kremlin is accused of releasing pre-recorded meetings.The Russian president appears to have mysteriously disappeared – with his last public appearance being nearly two weeks ago at a conference in Sochi.According …

HOW NIGERIAN LEADERS BECAME PRESIDENT BY ACCIDENT, NOT PREPARED FOR THE JOB – KUKAH The Catholic Archbishop of Sokoto Diocese, Bishop Matthew Kukah, has said that many of Nigeria’s past leaders, including President Bola Tinubu, Muhammadu Buhari, Goodluck Jonathan, and Olusegun Obasanjo, rose to power by accident. According to Kukah, these leaders were not adequately prepared for the demands of …