The Federal Executive Council (FEC) has approved fresh external borrowing of $2.2 billion, made up of $1.7 billion and SUKUK financing of $500 million. This approval is to strengthen the country’s finances and enhance economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known on Thursday after the Executive Council meeting on Thursday, presided over by President Bola Tinubu at the Council Chamber,…

The Deputy Inspector-General of Police overseeing the Ondo State gubernatorial election, DIG Sylvester Alabi, reaffirmed on Thursday the readiness of the police and other security agencies for Saturday’s poll. Speaking during a press briefing at the Ondo State Police Command Headquarters in Akure, DIG Alabi addressed officers assigned to election duties and members of the press. He highlighted the extensive deployment of security personnel across the state’s 18 Local Government…

Subscribers to pay TV services have berated MultiChoice Group for announcing that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and GOtv services within six months. The South African-owned pay-TV operator had, in its Interim Financial Results for the period ending Sept. 30 released on Tuesday, announced the loss of 243,000 subscribers on its DStv and GOtv. Reuters on Wednesday reported that MultiChoice had…

The federal government has unveiled a proposed total expenditure of N47.9 trillion for the 2025 budget. The Minister of Budget and Economic Planning, Atiku Bagudu, made this disclosure on Thursday while briefing journalists after the Federal Executive Council (FEC) meeting, presided over by President Bola Tinubu. The proposed budget forms part of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025-2027, in compliance with the Fiscal…

*Says 88 terrorists killed, 181 kidnapped victims rescued in one week The Defence headquarters said on Thursday that troops have deployed in strength to provided assistance to the police in ensuring a hitch free off-cycle governorship election in Ondo State, slated for 16 Nov 24. Director of Defence Media Operations, Major General Edward Buba while making this known said, “Indeed, troops presence is to ensure security of citizens enabling them…

In the early hours of Thursday, an Air Peace aircraft travelling from Nnamdi Azikiwe International Airport in Abuja to Lagos was unexpectedly halted on the tarmac due to suspected technical faults. The incident raised alarms among passengers, many of whom took to social media platforms to voice their concerns and fears regarding the abrupt interruption. Prominent human rights lawyer, Inihebe Effiong, who was aboard the flight, shared his experience on…

The Governing Council of the Federal University, Lokoja, Kogi State, has approved the dismissal of four lecturers of the university for alleged examination misconduct and sexual harassment. The council, under the leadership of Senator Victor Ndoma-Egba took the decision during the Second Council meeting held recently at Lokoja. The council appreciated the Management for following the due process in the investigation that followed the allegations of examination misconduct and sexual…

31-year-old Fola David-Tolaram, a Nigerian doctor and artist, has achieved a groundbreaking feat by creating the world’s largest drawing by an individual. This was announced by Guinness World Records on Thursday via its website. The impressive artwork, measuring 1,004.7 m² (10,814.5 ft²) – roughly the size of 3.8 tennis courts – was created on the pitch at Mobolaji Johnson Arena in Lagos and stands as a tribute to Nigeria’s rich…

By Friday Omosola The Nigerian National Petroleum Company Limited (NNPC) has announced a significant milestone in crude oil and gas production, reaching 1.8 million barrels per day (mbpd) and 7.4 standard cubic feet per day (scfd) of gas. At a press briefing on Thursday, NNPC announced it aims to increase crude oil production to 2mbpd by the end of 2024. NNPC attributed the achievement to the mandate of President Bola…

Betty Akeredolu, the immediate past First Lady of Ondo State, has described Nigeria as a ‘zoo.’ In a post on her X page, Mrs Akeredolu compared the just-concluded United States presidential election, which saw Donald Trump emerge, to Nigeria’s 2023 presidential election that produced President Bola Tinubu. She said: “Just thinking. 2023 Nigerian Presidential Election; total votes cast: 25 million and counting duration is 5 days. 2024 U.S Presidential Election,…

Osun State Governor, Ademola Adeleke, on Wednesdaypresented an estimated N390 billion budget for 2025 to the State House of Assembly. The budget tagged the ‘Budget of Sustainable Growth and Transformation’, received prior approval from the State Executive Council (SEC). Governor Adeleke revealed that approximately N144 billion is allocated for capital expenditure, while N246 billion is designated for recurrent expenditure. “Following the approval of the Osun State Executive Council earlier today,…

With the troops of the Nigerian military intensifying their onslaught against the newly formed terrorist group, Lakurawa, its members have fled the Kebbi and Sokoto states. Since the emergence of the group, troops have continued to ramp up coordinated ground and air operations against the activities of the terrorists in the Northwest region. Recall that the armed group had attacked residents of Mera community in Augie Local Government Area of…