KPMG: Nigeria may spend over 100% of its revenue on debt servicing in 2023
KPMG says Nigeria’s debt service to revenue ratio may exceed 100 percent in 2023. In its macroeconomic snapshot released on Thursday, the professional services firm raised concerns over Nigeria’s risk of sliding into critical debt servicing problems unless urgent actions were explored to significantly raise revenue. On the recent senate approval of the […]
Newspaper Headlines: FG invites over 65 world leaders for Tinubu’s inauguration
Reports on the May 29 inauguration programme, and corruption allegations levelled against Bello Matawalle, governor of Zamfara, dominated the cover pages of Nigerian newspapers. Source: Top Stories
El-Rufai marks nine Makarfi properties for demolition, revokes right of occupancy
Nasir el-Rufai, governor of Kaduna, has revoked the right of occupancy (RO) of nine properties belonging to Ahmed Makarfi, a former governor of the state. The affected properties have also been marked for demolition. The notice of revocation and withdrawal of the right of occupancy was served to the officials of the […]
‘He’s not welcome’ — APC chieftain asks Tinubu not to include Kwankwaso in cabinet
Abdulmajid Kwamanda, a leader of the All Progressives Congress (APC) in Kano, says Bola Tinubu, president-elect, must not give an appointment to Rabiu Kwankwaso, candidate of the New Nigeria Peoples Party (NNPP) in the just concluded elections. TheCable had reported how Tinubu and Kwankwaso met in France over the possibility of the latter […]
$396 million needed to fight hunger in north-east, says UN
The United Nations (UN) says $396 million is urgently needed to avert a catastrophic widespread hunger and malnutrition crisis in Borno, Adamawa, and Yobe states. The UN made the appeal in a statement on Thursday. According to the statement, more than half a million are at risk of emergency levels of food insecurity, […]
NPC: We’ve spent N200bn for 2023 census preparation
The National Population Commission (NPC) says it has spent about N200 billion for the preparation of the 2023 population and housing census. Speaking at a breakfast meeting on Thursday, Nasir Kwarra, executive chairman of the commission, said the money spent was part of the N800 billion expected from the federal government as the total […]
FG releases 8-day timetable for Tinubu/Shettima’s inauguration
The federal government has released the programmes lined up to usher in the new administration of Bola Tinubu and Kashim Shettima, as President and Vice-President respectively. During a press briefing on Thursday, Boss Mustapha, secretary to the government of the federation and the presidential transition council chairman, said the transition program, tagged “NIGERIA: […]
N’assembly, NARD leaders to meet over resident doctors’ strike Friday
The national assembly has invited the Nigerian Association of Resident Doctors (NARD) to a meeting over its strike action. Innocent Orji, NARD president, said he has received an invitation to attend a meeting with the leadership of the national assembly. The resident doctors began a five-day warning strike on Wednesday due to […]
Always respect culture, traditional institutions, Buhari tells UK diplomat
President Muhammadu Buhari has advised Richard Montgomery, high commissioner of the United Kingdom, to always respect traditional institutions in Nigeria. The president gave the advice on Thursday when he received letters of credence from the UK high commissioner and Velupillai Kananathan, his counterpart from the Democratic Republic of Sri Lanka. Buhari said […]
CSO: Foreign, local agents working to thwart Tinubu’s inauguration
Ali Ali, coordinator of the Peace and Stability Initiative (PSI), says the organisation has uncovered plans by local and foreign interests to thwart the May 29 inauguration of the new administration in the country. In a statement on Thursday, Ali said foreign agents collaborating with local organisations masquerading as civil society groups are […]