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2023: FG To Borrow N11tr, Spend N3.36tr On Subsidy

August 30, 2022 Omoniyi Osadare 0

Ahead of the 2023 budget presentation, the Federal Government, yesterday, insisted that petroleum subsidy would remain in place until mid-2023. In addition, the government will borrow over N11 trillion and sell national assets to finance […]

News

Who Is Afraid of Electoral Offences Commission?

August 27, 2022 Omoniyi Osadare 0

Is the National Electoral Offences Commission desirable or not? Will it fast-track the trial of electoral offenders? Will the proposed commission reduce electoral malpractices and enhance the quality of elections in the country? These questions […]

News

Trapped Funds: British Airways Blocks Travel Agents From Issuing Tickets

August 27, 2022 Omoniyi Osadare 0

The national association of Nigeria travel agencies (NANTA) says British Airways (BA) has closed inventory on Nigeria in the global distribution system (GDS), over foreign airlines’ trapped $464 million. Susan Akporiaye, president of NANTA, said […]

News

Mission To London: What’s In It For Nigerians?­

August 27, 2022 Omoniyi Osadare 0

London where the destiny of Nigeria was once shaped to fail by colonial masters is again playing host to political leaders and concerned citizens are wondering, what’s in it for Nigeria’s future? October 1, 2023, […]

News

‘We Want Orderly Exit of Funds’ — CBN Releases $265m To Prevent Aviation Sector’s Collapse

August 27, 2022 Omoniyi Osadare 0

To halt the crisis in the aviation sector, the Central Bank of Nigeria (CBN) says it has released $265 million to airlines operating in the country to settle outstanding ticket sales. Osita Nwanisobi, director, corporate […]

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Bola Tinubu Has Difficulties But Is Consumed By Ambition – Jimi Disu | As E Dey Hot

August 27, 2022 Omoniyi Osadare 0

Bola Tinubu Has Difficulties But Is Consumed By Ambition – Jimi Disu | As E Dey Hot

News

Subsidy Removal: FG Needs To Win Trust of Nigerians, Says TUC President

August 26, 2022 Omoniyi Osadare 0

Mr Festus Osifo, president of, Trade Union Congress (TUC), says Nigerians are not averse to the removal of subsidy on Premium Motor Spirit (PMS) but waiting for the government to win their trust over the […]

News

DisCos’ Debt To GenCos Hits N2tn – Group

August 26, 2022 Omoniyi Osadare 0

Power generation companies have blamed low power generation for the inability of the utility firms, also known as the DisCos, to pay up the N2trn debt owed them. This was revealed by the Executive Secretary, […]

News

CBN Unveils USSD Code For eNaira Transactions By Victor Ejechi

August 26, 2022 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has unveiled the unstructured supplementary service data (USSD) code for the eNaira to enhance financial inclusion in the country. Godwin Emefiele, CBN governor, inaugurated the USSD transaction code on […]

News

Nigeria, India Set Up Business Council To Expand Trade, Investment

August 23, 2022 Omoniyi Osadare 0

Nigeria and India on Monday in Abuja established the Nigeria-India Business Council (NIBC) to expand trade and investment between both countries. The council is aimed at furthering efforts at reaching an anticipated 40 billion dollars […]

News

After ‘Doomsday’ Floods, Sudanese Fear Worse To Come

August 23, 2022 Omoniyi Osadare 0

In the Sudanese village of Makaylab, Mohamed Tigani picked through the pile of rubble that was once his mud-brick home, after torrential rains sparked heavy floods that swept it away. “It was like doomsday,” said […]

News

Top Court Upholds Malaysia Ex-PM Najib’s Jail Sentence In 1MDB Scandal

August 23, 2022 Omoniyi Osadare 0

Malaysia’s highest court Tuesday upheld former prime minister Najib Razak’s 12-year jail sentence for corruption in the 1MDB financial scandal. “We find the appeal devoid of any merits. We find the conviction and sentence to […]

News

DR Congo Reports New Ebola Case In Restive East

August 23, 2022 Omoniyi Osadare 0

The Democratic Republic of Congo has confirmed a new case of Ebola in its violence-wracked east, the country’s health ministry said, just weeks after the end of a previous epidemic. The DRC early last month […]

News

South Korean Police Locate Relative of Children Found Dead In Suitcases

August 22, 2022 Omoniyi Osadare 0

A woman who is believed to be related to two children whose remains were found in suitcases in New Zealand is in South Korea, Seoul police told AFP Monday. Last week, New Zealand police said […]

News

Why Inflation Won’t Drop Now, By Experts

August 22, 2022 Omoniyi Osadare 0

Economists have advised Nigerians to brace for higher inflation in the coming months. They said that political spending as preparations for the 2023 general elections heightens, worsening exchange rate and other factors would keep inflation […]

News

Paris Club Refund: NGF Accuses Ned Nwoko of Spilling Half-Truths

August 22, 2022 Omoniyi Osadare 0

8The Nigerian Governors Forum (NGF) has accused Ned Nwoko of spilling half-truths regarding the Paris Club Refund. The governors said the facts on the “fraud” associated with the Paris Club refunds can never be changed […]

News

Army Constitutes Panel To Probe Killing of Yobe Islamic Cleric

August 22, 2022 Omoniyi Osadare 0

The Headquarters Sector 2 Joint Task Force North-east Operation Hadin Kai of the Nigerian Army has constituted a panel to investigate the alleged complicity of its soldiers accused of killing an Islamic cleric in Yobe […]

News

Nigeria Working With UAE Government To Assist Stranded Nigerians In Dubai – FG

August 22, 2022 Omoniyi Osadare 0

The Nigerian government on Sunday said it is working with authorities in the United Arab Emirates (UAE) to assist Nigerians stranded in Dubai. A viral video emerged on social media recently with women who claimed […]

Editorial

EDITORIAL: On The Fiscal Cliff: CBN and Nigeria’s External Reserves

August 22, 2022 Omoniyi Osadare 0

hen the news broke a few weeks ago that the balance on the nation’s gross external reserves was considerably below the advertised figures, concerns rose about the economy’s welfare. The news was particularly troubling because […]

News

How Govts Frittered $22b From ECA In 12 Years

August 21, 2022 Omoniyi Osadare 0

Wasteful culture, poor management, corruption, lack of trust between state and federal governments, and worsening fiscal outlook may have played key roles in the depletion of the over $22 billion left in the Excess Crude […]

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