Latest Articles
Social Safety Net: 10% of funds should be allocated to old people – Tinubu
Abuja, Oct. 5, 2023 – President Bola Tinubu has directed that 10 percent of money to be shared under the social safety net should be allocated to old persons. Dr Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, said this while speaking during a stakeholders’ meeting to commemorate the 2023 National Day of Older Persons in Nigeria. Rasheed Zubair, the minister’s Spokesman, said this in a statement in Abuja on Thursday. “Mr President has directed that my ministry should set aside 10% of social safety net intervention programmes …
Chapel Hill Denham to list N200bn infrastructure fund on NGX
Lagos, Oct. 4, 2023 – Chapel Hill Denham is to list a N200 billion public infrastructure investment fund on the Nigerian Exchange (NGX). The Exchange, in commemorating the listing, will host a Facts Behind the Listing and Closing Gong Ceremony on Thursday, October 5, 2023. NIDF is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. It aims to provide investors regular and stable income by making primarily debt investments in infrastructure projects located in Nigeria. Temi Popoola, the Chief Executive of NGX, emphasized the commitment …
Senate confirms fainted ministerial nominee, 2 others
Abuja, Oct. 4, 2023 – The Senate has confirmed the appointment of Abbas Balarabe, the ministerial nominees who fainted while being screened by the Senate on Wednesday. Abbas, who was the second nominee to be screened, collapsed barely 15 minutes into the exercise. The other two are Dr. Jamila Ibrahaim and Ayodele Olawande. His appointment was conformed along with the two others that appeared before the senate for screening. They belong to the second batch of ministers to be appointed by President Bola Tinubu. (GBN)
Court remands Naira Marley, Sam Larry for 21 days
Lagos, Oct. 4, 2023 – A Yaba Magistrates’ Court in Lagos on Wednesday remanded a musician, Azeez Fashola (Naira Marley) and a socialite, Balogun Eletu (Sam Larry) in police custody over the death of another musician, Mohbad. Mohbad died is suspicious circumstances in Lagos in September which raised public condemnation and calls for public investigation into the death. The police in Lagos have exhumed Mohbad’s body to allow for proper investigations, while state government has also set up an inquest into the musician’s death. The magistrate court remanded the two …
Chief justice condemns attacks on judges
Abuja, Oct. 4, 2023 – Olukayode Ariwoola, the Chief Justice of Nigeria, on Wednesday condemned recent attacks on judges by the public for not adjudicating to their wishes. Ariwoola, who swore-in 23 new judges of the federal High Court in Abuja, said public opinions no matter how weighty, could not supersede the provisions of the laws. “Several vitriolic attacks are regularly heaped on the judiciary. It is, however, crystal clear that public opinions, no matter how serious or weighty it might be, cannot override or supersede the Constitution of the …
Ministerial nominee collapses during screening
Abuja, Oct. 4, 2023 – Balarabe Abbas Lawal, a ministerial nominee from Kaduna State, collapsed before Senators on Wednesday during his screening process. President Bola Tinubu, on Tuesday, sent additional three nominees to the Senate for confirmation. Balarabe, who was the second nominee to be screened after Dr Jamila Bio Ibrahim, collapsed barely 15 minutes into his screening. He was revived later, but it is doubtful if the screening was continued as journalists were ordered out of the meeting. (GBN)
Forgery: Minister describes allegations against Tinubu baseless
Abuja, Oct. 4, 2023 – Yusuf Tuggar, the Minister of Foreign Affairs, on Tuesday said the current administration had not been disturbed by the allegations of President Tinubu’s certificate forgery. He described the allegations as trivial and distractions. Tuggar said these while speaking on “Sunrise Daily” a programme on Channels Television on Wednesday morning. “There is a tendency to always try to distract and detain people on such frivolous issues as opposed to facing the major issues of development. We don’t have time to waste on that. “Nobody is wasting …
The Gambia, Africa50 sign management agreement on Senegambia Bridge
Banjul, Oct.3, 2023 – The Gambia and Africa50 have signed a shareholders’ agreement to allow Africa50 manage and operate the Senegambia Bridge. The agreement allows a newly created special purpose vehicle, Transgambia Bridge Company Ltd, to operate and maintain the Senegambia Bridge, under Africa50’s Asset Recycling Programme. The Gambia recently joined Africa50’s Asset Recycling Programme, an innovative way for governments to unlock capital currently immobilized in state-owned infrastructure assets by presenting them to credible private institutions. The private institution will pay a fair price to the government for the right …
Oil falls over $1 on demand fears, Saudi confirms cuts to year-end
London, Oct, 4, 2023 – Oil fell on Wednesday as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds. Brent crude oil futures were down $1.51, or 1.66%, to $89.41 a barrel at 1206 GMT, while U.S. West Texas Intermediate crude (WTI) fell $1.59, or 1.78%, to $87.64 per barrel. The OPEC+ Joint Ministerial Monitoring Committee (JMMC) online meeting on Wednesday kept the group’s output policy unchanged, two sources said while the meeting was …
Tinubu sends 3 additional ministerial nominees to Senate
Abuja, Oct. 3, 2023 – President Bola Tinubu on Monday sent the names of three additional nominees for ministerial appointment to the Senate for approval. The three new nominees are Jamila Bio, Balarebe Abbas and Olawale Olawande. The appointment of the three nominees were announced in September. The Senate considered the first set of nominees barely three months ago. (GBN)