The NNPC Ltd. and the African Export-Import Bank (Afreximbank) have jointly signed a commitment letter and Term sheet for an emergency $3billion crude oil repayment loan, a statement by the NNPC Ltd (NNPCL) said. The signing, which took place on Wednesday, August 16, at the bank’s headquarters in Cairo, Egypt, will provide some immediate disbursement…
With the worrying decline of the Naira against other foreign currencies, Nigeria’s President Bola Tinubu has approved measures preferred by the country’s apex bank, the Central Bank of Nigeria (CBN), to stop the decline and enhance liquidity in the foreign exchange market, including the parallel market. The Acting Governor of the CBN, Folashodun Shonubi, who…
Reports coming in from Nigeria say Senators have rejected the request by the President, Bola Ahmed Tinubu, for permission to deploy Nigerian troops to Niger Republic as part of an ECOWAS force to reinstate the democratically elected president of the country, President Mohamed Bazoum. ECOWAS leaders at a meeting in Abuja, four days after…
Following the seven-day ultimatum issued by ECOWAS to the military junta in Niger to release and return detained President Bazoum to power, the Chiefs of Defence Staff of member-states of the organisation have commenced a crucial meeting at the Defence headquarters in Abuja, Nigeria’s capital, with Nigeria’s Chief of Defence Staff, General Christopher Musa chairing…
The protest by the Organised Labour against the “anti-people” policies of the President Bola Tinubu administration is getting intense as protesters, on Wednesday, morning broke down the first gate of the National Assembly (NASS) complex and forced their way into the premises, reports Channels TV. The Organised Labour including the Nigeria Labour Congress (NLC), Trade…
In a live national broadcast to the nation, Nigeria’s president, Bola Ahmed Tinubu, has spoken about his plans to revive the country’s economy and the various initiatives that his government has established to improve the lives of Nigerians. In the broadcast, the president also gave reasons for the removal of the fuel subsidy scheme that…
Many Nigerian universities owned by the federal government have, in the past few months, increased fees to be paid by students, leaving parents and their wards groaning. The Nigerian government has said the federal government-owned universities remain tuition-free, describing as inaccurate the media reports suggesting the introduction of tuition by the institutions. Many Nigerian universities…
President Bola Tinubu has nominated 28 persons as ministers. The list includes ex-Kaduna Governor Nasir El-Rufai and ex-Rivers Governor, Nyesom Wike. The list was contained in a letter read by the Senate President, Godswill Akpabio, at the plenary on Thursday. The ministerial list was submitted to the Senate by the president’s Chief of Staff, Femi Gbajabiamila, at…
The Sorghum Farmers Association of Nigeria (SOFAN), has commended President Bola Tinubu for declaring state of emergency on food security. The President of the association, Alhaji Lawal Gada, made the commendation when he addressed newsmen on Saturday in Abuja. According to Gada, the action of the president could not have come at a better time…
The National Working Committee (NWC) of Nigeria’s ruling party, the All Progressives Congress (APC) has confirmed reports of the resignation of its Chairman, Senator Abdullahi Adamu, and the party Secretary, Senator Iyiola Omisore. The NWC says that the Deputy National Chairman of the party for the north, Senator Abubakar Kyari, takes over the leadership of…
