Debt servicing surpasses revenue by N310bn as FG releases 4-month fiscal report
The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first four months of 2022. The federal government said this in its 2022 fiscal performance report for four months released on Thursday. According to the report, the federal government’s total revenue for the period was N1.63 […]
Biden tests positive for COVID
Joe Biden, president of the United States of America, has tested positive for COVID. According to a statement by Karine Jean-Pierre, white house press secretary, Biden is experiencing “mild symptoms” and has begun taking Paxlovid, an anti-viral treatment. The US president is also expected to isolate at the white house, while continuing […]
FG projects N6.7trn for petrol subsidy spending in 2023
The federal government has projected to spend N6.7 trillion on petrol subsidy payments in 2023. Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol. Zainab Ahmed, minister of finance, budget and national planning, said this on Thursday at the presentation of the 2023-2035 Medium Term […]
PHOTOS: Buhari meets service chiefs amid rising insecurity
President Muhammadu Buhari is currently meeting with the service chiefs and heads of security agencies over the security challenges confronting the country. The meeting comes a day after the killing of a Catholic priest in Kaduna state. John Cheitnum, priest of the Kafanchan Catholic diocese, was found dead after he was abducted […]
‘We’ll come out stronger’ — Dana Air speaks on suspension of flight operations
Dana Airlines says it will come out stronger from the suspension of its operations by the aviation regulator. The Nigerian Civil Aviation Authority (NCAA) suspended Dana’s air transport licence (ATL) and air operator certificate (AOC) indefinitely on Wednesday. NCAA said it suspended the airline because of “its inability to meet its financial obligations and […]
Ngige: I’ll be surprised if NLC goes ahead with protest — it’s against labour practice
Chris Ngige, minister of labour and employment, says he will be surprised if the National Labour Congress (NLC) goes ahead with the planned protest. The NLC had threatened to go on a two-day protest on July 26 and 27 in solidarity with the strike by the Academic Staff Union of Universities (ASUU). […]
Newspaper Headlines: NLC insists on protest over lingering ASUU strike
The clash between the federal government and the Nigeria Labour Congress (NLC) dominated the cover pages of Nigerian newspapers. Source: Top Stories
NCAA suspends Dana Air over ‘inability to conduct safe flight operations’
The Nigerian Civil Aviation Authority (NCAA) says it has suspended Dana Airlines’ air transport licence (ATL) and air operator certificate (AOC) indefinitely. NCAA announced the suspension on Wednesday in a statement signed by Musa Nuhu, its director-general. The authority said it suspended the operating licences after “discovering that the airline is […]
‘Nollywood movie’ — CAN accuses APC of inviting ‘dubious’ clerics to Shettima unveiling
The Christian Association of Nigeria (CAN) has disowned the “clerics” present at the unveiling of Kashim Shettima as the vice-presidential candidate of the All Progressives Congress (APC). The unveiling ceremony took place on Wednesday at the Shehu Musa Yar’Adua centre in Abuja. Bola Tinubu, APC presidential candidate and a Muslim from the […]
‘Fake bishops’ — outrage as ‘clerics’ attend unveiling of Shettima as APC VP candidate
The presence of men clad in clergy robes at the unveiling ceremony of Kashim Shettima as the vice-presidential candidate of the All Progressives Congress (APC) has elicited outrage on social media. The unveiling ceremony took place on Wednesday at the Shehu Musa Yar’Adua Centre in Abuja. Since the pictures of the supposed […]