Author: Adejuyigbe Francis

Wale Edun, minister of finance, says the successful implementation of the ongoing domestic reforms will increase Nigeria’s revenue to gross domestic product (GDP) ratio by 17 percent in the next three years. Edun said this during a presentation at the launch of Afrinvest’s 2023 Nigerian banking sector report in Lagos on Tuesday. He said the revenue-to-GDP ratio will increase to 25 percent in 2026 from 8 percent in 2023. The minister, who was represented at the event by Armstrong Takang, the managing director of the ministry of finance incorporated, said the successful implementation of the reforms will also raise the…

The Kogi APC Governorship Campaign Council has urged security agencies to quickly arrest Senator Dino Melaye, the Peoples Democratic Party candidate in Saturday’s Governorship election, for cybercrime. The party alleges that he confessed to the crime during a live television programme. According to Kingsley Fanwo, Director, Media and Publicity/Spokesman of the Campaign Council, Melaye’s claim of having access to the back-end server of the Independent National Electoral Commission on national TV is equivalent to “walking into the prison yard and demanding to be locked up.” Fanwo who spoke at a recent APC “Thank you press conference” which took place at…

A High Court in the Federal Capital Territory (FCT) has directed the Peoples Democratic Party (PDP) candidate in the Imo State Governorship Election, Senator Samuel Anyanwu, to stop parading himself as the Party’s national secretary. Justice M. M. Adamu delivered the ruling following a motion filed by a party member, Douglas Nwachukwu, on October 30 through his lawyer, F. S. Jimba. Anyanwu, who was at the PDP’s Wadata House headquarters yesterday, was reportedly advised to vacate the premises due to the court’s suspension of his role, according to Leadership newspaper. The latest court decision aligns with a similar directive from a…

The Central Bank of Nigeria (CBN) on Tuesday announced that it has extended the validity of the old N200, N500 and N1,000 notes indefinitely. The apex bank’s Director, Corporate Communications, Isa AbdulMumin disclosed this in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum” Abdulmumin said the decision is line with international best practices and to forestall a repeat of earlier experiences implementing the policy. The apex bank introduced the redesigned N200, N500 and N1000 denominations in October 2022 and certain deadlines were set for the old design of these denominations to cease as legal…

The Police Service Commission (PSC) has expressed its commitment to a credible and transparent process in the ongoing recruitment exercise at the Police Academy, Wudil, Kano. The chairman of the commission, Dr Solomon Arase, gave the assurance while briefing journalists during a visit to the commandant and the management staff of the academy. Arase, who is a former Inspector General of Police, said, “When we were setting up the recruitment board, we brought everybody on board. Under such a circumstance, it is very difficult for you to influence it.  “I can assure you that it is not shared by any…

President Bola Ahmed Tinubu has said his administration inherited serious liabilities from his predecessors, lamenting that Nigeria has serious deficits in port and power infrastructure, as well as agro-allied facilities. The President, who said he would not make any excuses, however noted his government also inherited assets. He stated this on Monday night, in Mecca, Saudi Arabia, while advancing negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. The President’s spokesman, Ajuri Ngelale, announced the negotiation in a statement on…

A Canadian investigation team is currently in the Federal Capital Territory to probe an explosion that occurred at the Canadian High Commission in Nigeria, as reported by ThePunch. The fire incident occurred on November 6, 2023, which claimed the lives of two people and left two others injured. The commission suspended its operations following the fire incident except for the visa application centres which remained open in Abuja and Lagos. According to the statement made by the Public Affairs staff of the commission on Tuesday, Demilade Kosemani, the investigation team would work with relevant Nigerian authorities to carry out their…

The Independent National Electoral Commission, INEC, has issued a press release addressing allegations on manipulations of data on IReV. The commission in the statement signed by its National Commissioner and Member, Information and Voter Education Committee, Mohammed Kudu Haruna stated via its X (twitter) handle that the public should disregard this misleading report. See Full Statement Here: ALLEGED MANIPULATION OF ACCREDITATION DATA ON IReV “The Independent National Electoral Commission’s (INEC) attention has been drawn to some media reports alleging that the Commission was tampering with the accredited figures of voters in the Kogi Governorship Election results uploaded on the INEC…

Jude Bellingham and Levi Colwill have become the latest players to withdraw from England’s squad for their Euro 2024 qualifiers against Malta and North Macedonia. The duo have both pulled out due to shoulder injuries. Cole Palmer, Ezri Konsa and Rico Lewis have already been called up after James Maddison, Callum Wilson and Lewis Dunk withdrew. A statement from England said: “Jude Bellingham and Levi Colwill will play no part in England’s forthcoming UEFA Euro 2024 qualifiers against Malta and North Macedonia. “The pair arrived at St George’s Park for assessments on Monday but will now return to their clubs to…

Economic activities are being disrupted at the nation’s seaports as the Maritime Workers’ Union of Nigeria (MWUN), shut down operations at the port on Tuesday. The Maritime Workers joined the nationwide strike of the Nigerian Labour Congress over the alleged assault on Joe Ajaero, president of the Nigerian Labour Congress and other union officials by the government of Imo state. BusinessDay discovered the Apapa and Tin-Can Island seaport gates were all locked. The action which commenced on Tuesday, resulted in a crowd gathering outside the Apapa port as staff members were denied entry into the port. The union also disclosed that the…

The Federal Government of Nigeria has initiated an investigation into reports that the visas of 264 Nigerian passengers were cancelled upon their arrival in Jeddah, Saudi Arabia, on an Air Peace flight. In a statement released on Tuesday, November 14, the Ministry of Foreign Affairs confirmed that it is looking into the matter to determine if any consular or aviation rules were violated during the incident. The Ministry expressed its commitment to ensuring that actions affecting the welfare of Nigerian citizens are addressed promptly, aligning with President Bola Ahmed Tinubu’s Four Ds strategy. Alkasim Abdulkadir, the Minister’s SA Media and Communications Strategy,…

The Transmission Company of Nigeria (TCN) says the national grid is intact and supplying electricity to distribution load centres nationwide. Ndidi Mbah, TCN’S General Manager Public Affairs, made this known in a statement in Abuja on Tuesday. Mbah said that TCN did not make any statement through her office that there would be a national blackout as claimed in some quarters. She said, “The statement is mischievous and baseless as TCN, through the Public Affairs Head, did not make such. “We hereby note that the nation’s grid is intact and supplying bulk electricity to distribution load centers nationwide. “As at when…