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NAIRA CRASH: NIGERIA SECURES FRESH $925M LOAN Nigeria has secured an additional $925 million loan from the African Export-Import Bank (Afreximbank) to help stabilize the country’s economy. In a statement on its website on Thursday, Afreximbank announced an additional disbursement of $925m under the syndicated $3.3bn crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited. Its latest …

LAGOSIANS IN NORTH AMERICA SUPPORT REGIONAL GOVT Indigenes of Lagos State residing in North America have voiced their support for a regional system of government in Nigeria. In a statement issued on Wednesday by Balogun Olaseni Borokini on behalf of the group, they asserted that a regional system would acknowledge Nigeria’s diverse cultural, economic, and political identities, enabling more effective …

NIGERIA JOINS LIST OF HUNGER HOTSPOTS ~ UN REPORT Data from the UN Humanitarian Aid shows that at least 18 crisis locations—which are already experiencing food insecurity—may experience a “acute food insecurity” if help is not delivered quickly. The report noted that since October 2023, Nigeria and some other countries have joined a host of others on the list of …

I REMAIN COMMITTED LABOUR PARTY MEMBER – PETER OBI The 2023 Labour Party’s presidential candidate, Peter Obi, on Thursday, took to Twitter (X) to affirm his commitment to the Labour Party. “For the avoidance of doubt, I remain a committed, loyal Labour Party member,” Obi posted, addressing any uncertainties about his party affiliation. This declaration is expected to quell rumours …

SHUTTING DOWN NATIONAL GRID, TREASONABLE – SGF The Secretary to the Government of the Federation, George Akume, on Thursday, condemned the shutdown of the national grid during the suspended industrial action by organised labour. He described the action as a treasonable felony, adding there was nowhere in the world that organised labour had shut down a country’s national grid. The …

GOVT, LABOUR TO REACH ACCORD ON MINIMUM WAGE TODAY – GOV UZODINMA Imo State Governor, Hope Uzodimma, has assured that the Tripartite Committee on Minimum Wage would reach a decision by today, Friday. Speaking after the committee’s five-hour session on Thursday, Uzodimma, who chairs the Progressive Governors Forum of the ruling All Progressives Congress (APC), stated that the committee would …

ATIKU TO TINUBU: REFUSAL TO DISCLOSE AMOUNT SPENT ON SUBSIDY SHOWS YOU HAVE SOMETHING TO HIDE Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has accused the Bola Tinubu administration of diverting public funds through petrol subsidy. Atiku said the refusal of the present administration to reveal how much is being spent on subsidy …

FORMER ENUGU MILITARY ADMINISTRATOR, ANGA, DIES AT 83 A former Military Administrator of Enugu State and retired Commissioner of Police, J.S Anga, has died at the age of 83. Anga passed away on Tuesday after a protracted illness at his residence in Bukuru, near Jos. Anga who hailed from Nasarawa State, served briefly as military governor of Enugu State following …

PRESIDENCY DENIES N105,000 MINIMUM WAGE BILL PROPOSAL The Nigerian presidency has denied reports that the Minister of Finance, Wale Edun, proposed a new minimum wage of N105,000 to President Bola Ahmed Tinubu. The special adviser to the president on Information and Strategy, Bayo Onanuga, described the report as false. “The Honorable Minister of Finance and coordinating minister of the economy, …

Bill FOR CREATION OF ORLU STATE PASS FIRST READING IN HOUSE OF REPS The House of Representatives on Thursday passed through First Reading a bill for the creation of a new state in the south-eastern region of Nigeria known as Orlu State. The proposed legislation, which is set for second reading, was sponsored by the lawmaker representing Ideato North South …