Israeli Defence Forces have arrested an Israeli businessman after allegedly accepting 5,000 euros from Iran to assassinate Prime Minister Benjamin Netanyahu, Israeli authorities revealed Thursday.According to the officials, Iranian operatives aimed to use the unnamed businessman, who had ties to Turkey, to orchestrate the assassination plot against Netanyahu and other top Israeli figures, including former Prime Minister Naftali Bennett.Shin Bet, Israel’s internal security agency Director, Ronen Bar, and Israeli Defence Minister, Yoav Gallant disclosed that Tehran was behind a covert operation targeting senior Israeli officials, following the assassination of Hamas’ political chief, Ismail Haniyeh in late July.According to Mail Online…
Author: Alade Adisa
Global financial institutions, The World Bank, and the African Development Bank have announced that they have put together $90 billion to fund electricity in Nigeria and other African countries.According to the World Bank, the project will benefit over 17.5 million Nigerians, or 20 percent of the country’s currently unserved population, while replacing over 250,000 polluting and expensive diesel generators.The aim is to split the $90 billion needed in funding equally between public funds, concessional and philanthropic finance, and commercial commitments.The fund is part of the plan from the global financial institution to provide electricity to 300 million African population.Leading climate…
The governor of Edo State, Godwin Obaseki, has said that Nigeria is technically bankrupt and must restructure to meet its financial obligations.The governor, who spoke in an interview with Channels Television on Thursday, said the federal government can no longer put a band-aid on the economy.According to him; “Nigeria is technically bankrupt. When you’re bankrupt anywhere in the world, like in The United States of America (USA), you file for what we call Chapter 11. You restructure your affairs so that you can reorganize and be able to meet obligations.“Nigeria is not restructuring its affairs. It’s still behaving as if…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria’s foreign reserves recorded a net inflow of $2.35 billion between January and July, 2024.Speaking at the Access Bank corporate forum in Lagos Thursday, the minister said the stability of the Naira in the foreign exchange (FX) market led to the increase in foreign reserves.Edun also said access to foreign exchange has improved.He said, “We have relative currency stability. And of course, the all-important margin of the rates. We’ve seen a gradual elimination of multiple exchange rates.“We also have foreign exchange liquidity. The gross reserves…
Students of the University of Ibadan, on Thursday, made a passionate plea to the President, Bola Tinubu over the recent increase in their school fees.The students, operating under the banner of Helpless and Concerned Students, in an open letter to the president, stressed that the proposed increase in undergraduate school fees has forced many students to seek financial help online.They noted that with the current economic climate in the country, they can’t put up the new fees.The students, in a statement signed on their behalf by Solomon Emiola, emphasized that the fee increase puts their academic aspirations and future at…
A rare Jihadist deadly attack on Bamako, the capital city of Mali, a West African country has left 77 people dead and 255 wounded.Unidentified security sources in Mali told AFP on Thursday that the militants attacked a military police training camp and a military airport in Bamako, killing at least 77 people and wounding 255 others on Tuesday.However, authenticated confidential official documents put the death toll at around 100, and 81 victims were wounded.Mali has been facing a series of Islamist militant attacks and killings in recent times.Earlier this month, it was reported that Islamist militants attacked a river boat…
In the face of current economic realities and the widespread hardship Nigerians are facing, the Federal Government has disclosed that it has no plans for an elaborate celebration of the country’s 64th Independence anniversary.Making the announcement during the inauguration of an inter-ministerial committee to oversee the activities on Thursday, the Secretary to the Government of the Federation (SGF) George Akume, stated that the decision to make the celebrations low-key was taken in consideration of the ongoing economic downturn and in empathy with hard-suffering Nigerians.The committee will oversee the planning and execution of approved events to commemorate the epochal day.In a…
A few hours after his successor and the governor of Zamfara State, Dauda Lawal, accused him of being behind banditry in the state, the Minister of State for Defence, Dr Bello Matawalle, has denied the allegations, stating that during his reign as governor, he tackled banditry and all forms of criminality head-on.In a statement signed by Dayemi Saka, Lead Partner at Lambert and Curtis, the Bello Matawalle’s office, while reacting to the allegations, expressed dismay that Governor Lawal has ceaselessly and baselessly accused the Minister of sponsoring banditry.The media office said Matawalle has always denied his involvement in banditry or…
In a most shocking development, the governor of Zamfara State, Dauda Lawal has asked the Minister of State for Defence, Bello Matawalle to resign his position and clear his name over allegations of sponsoring bandits, as well as money laundering while he served as governor.Matawalle is the immediate predecessor of Governor LawalSpeaking as a guest in an interview on Television Continental (TVC) on Wednesday, the governor said the right thing for Matawalle to do is to honorably resign his position and clear his name of the many allegations leveled against him if he has any integrity.Lawal said: “If I were…
Tertiary institutions in the country are about to suffer another spell of unwanted break as the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) have announced plans to embark on an indefinite strike if their outstanding salaries are not paid within three weeks.The unions gave the Federal Government three weeks to clear up their outstanding and implement the 2009 agreements or they will withdraw their services and shut down universities across the country indefinitely.Chief among the unions’ demands are the payment of four months withheld salaries, improved remuneration, earned allowances,…
