News
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Oluwo of Oyo files petition against Basorun over alleged criminal conspiracy, threat to life
The Oluwo Alaafin of Oyo, Chief Ikusaanu lfaleye lyanda, has filed a petition against the Basorun of Oyo, High Chief Akinade Ayoola, over alleged criminal conspiracy, threat to life and conduct likely to cause the breach of peace in oyo town, Oyo State. The petition, signed by the lawyer to…
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N5.2trn debt: FG recovers N57bn from 10 MDAs
The Federal Government has recovered the sum of N57 billion out of the N5.2 trillion liabilities owed the Federal Inland Revenue Service (FIRS) by various Ministries, Departments and Agencies (MDAs). The Permanent Secretary, Special Duties, Federal Ministry of Finance Mr. Okokon Udo disclosed this, yesterday, at the sensitisation workshop on Federal…
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Hardship: Sanwo-Olu launches Eko Cares Intervention for 500,000 Lagosians
GOVERNOR Babajide Sanwo-Olu of Lagos State, yesterday, flagged off a socio-economic intervention programme, tagged Eko Cares Initiative, aimed at addressing the economic challenges in the country. The first phase of the programme has been designed to take care of over 500, 000 households as beneficiaries. Beneficiaries of the scheme cut…
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Vaccines save over 50m lives in Africa in 50 years – WHO
An estimated 51.2 million lives have been saved through vaccines in the African region over the past 50 years. For every infant life saved over the period, close to 60 years of life are lived, according to a new report by the World Health Organization, WHO. Disclosing this in the…
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$824bn resource-backed loans slowing Africa’s growth – AfDB president
The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth are undermining African economic potential. According to a statement from the bank on Wednesday, Adesina said this at the Semafor Africa Summit, taking place on the…
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Bag of rice costs importers $58 from India, say farmers
The President of the All Farmers Association of Nigeria, Kabir Ibrahim, has disclosed that imported rice from India comes at a landing cost of $58 per bag. Ibrahim, said local rice was cheaper because of the country’s high exchange rate. “It is not competitive for you to use forex to…
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500,000 households to get Lagos palliatives – Sanwo-Olu
The Lagos State government has said it is set to distribute food items to 500,000 households in the state through unions and local governments. Governor Babajide Sanwo-Olu said this on Wednesday while giving an update on the intervention the state embarked on to ameliorate the economic hardship on the people…
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How we stopped ‘sit at home order’, restored business culture of South East – Force Commander, Operation Udoka
The Force Commander Operation Udoka, the Joint Task Force combating insecurity and the secessionist activities of the Indigenous Peoples of Biafra IPOB and its militant wing, ESN, Major General Hassan Taiwo Dada, has said that the military and other security agencies brought the sit-at-home order in the zone to an…
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Owner of Abuja Chinese supermarket denies barring Nigerians
The owner of an Abuja-based Chinese supermarket criticized for barring Nigerians and restricting entry to Chinese nationals has refuted claims that her store is only meant for a specific group of people. She also clarified that her establishment is not a supermarket but rather a retail shop aimed at meeting…
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FG to start disbursement of N200b intervention fund to MSMEs and manufacturers
The Federal Government says it will soon commence the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturers under the Presidential N200 billion Intervention Fund scheme. President Bola Tinubu launched the scheme on October 17, 2023, to cushion the effects of the removal of petrol subsidy. Announcing…