PDP Demands Resignation of Buhari As Petroleum Minister

NewsPDP Demands Resignation of Buhari As Petroleum Minister

Beloved John (Staff Writer)February 17, 2022

ABUJA — The Peoples Democratic Party (PDP) has demanded that President Muhammadu Buhari resign as the minister of petroleum resources. The opposition party asked Buhari to quit his role as the country’s minister of petroleum and appoint a qualified citizen. The request was made in a statement issued on Wednesday issued by Debo Ologunagba, PDP spokesperson. PDP said the President has failed woefully in his duties as the minister following the importation of off-spec petroleum...

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Observers Reported Low Voters’ Turnout, Voting Buying in FCT Council Election — CDD

Local GovernmentNigeria ElectionsObservers Reported Low Voters’ Turnout, Voting Buying in FCT Council Election — CDD

Beloved John (Staff Writer)February 14, 2022

ABUJA — The Centre for Democracy and Development (CDD) has disclosed that observers reported cases of vote-buying during the federal capital territory (FCT) council elections. The senior programme officer of CDD, Austin Aigbe, said this on Sunday at a media briefing in Abuja. According to him, observers deployed to monitor the last Saturday election reported low turnout of voters in some polling areas and also issues with the Bimodal Voter Accreditation System (BVAS). “CDD, alongside...

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Group Urges Buhari to Recommend Next National Chairman of APC

Nigeria ElectionsPoliticsGroup Urges Buhari to Recommend Next National Chairman of APC

Beloved John (Staff Writer)February 14, 2022

ABUJA — A group designed as the Concerned APC Members Forum has asked that the next national party chairman be selected by President Muhammadu Buhari to pick the next chairman of the party. The group made this demand in a letter dated February 11 and addressed to the president APC’s convention, where it will elect national officers, is scheduled for February 26. Ali Modu Sheriff, former governor of Borno, and Abdulaziz Yari, former Zamfara governor,...

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DMO to Auction N150 Billion FG Bonds

EconomyMoneyNewsDMO to Auction N150 Billion FG Bonds

Beloved John (Staff Writer)February 14, 2022

ABUJA — The Debt Management Office (DMO) has disclosed it decision to auction N150 billion federal government bonds to investors. According to the agency, the action will be conducted on Wednesday, February 16, 2022. This was indicated in a circular recently published on its website. The bond issuance will be in two tranches valued at N75 billion each. The first tranche is the 10-year, 12.5 percent FGN Jan 2026 re-opening bond, and the other is...

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DMO Faults IMF Projection on Nigeria’s Debt

EconomyMoneyNewsDMO Faults IMF Projection on Nigeria’s Debt

Beloved John (Staff Writer)February 13, 2022

ABUJA — The Debt Management Office (DMO) says the International Monetary Fund (IMF) report did not acknowledge improvements through borrowing. This statement is a reaction to the IMF’s 2021 Article IV consultation report on Nigeria which was recently released. According to the report, Nigeria may spend 92.6 percent of its revenue on debt servicing in 2022. Agusto and Co, a credit rating agency, also forecasted that the figure will be around 90 percent. In a...

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Why Access to Education, Healthcare Must Be Technology-driven — Osinbajo

EducationHealthWhy Access to Education, Healthcare Must Be Technology-driven — Osinbajo

Beloved John (Staff Writer)February 13, 2022

ABUJA — Vice-President Yemi Osinbajo has pointed out the need to maximize access to healthcare and education using digital technology. Osinbajo said this on Friday evening at the United Bank for Africa (UBA) group chairman’s forum in Abuja, according to a statement issued on Saturday by Laolu Akande, his spokesman. Osinbajo noted that more people can have proper education, quality healthcare services through digital technology. “Beyond all of the successes that we are seeing, we...

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CBN to Stop Dollar Sales to Banks

EconomyMoneyNewsCBN to Stop Dollar Sales to Banks

Beloved John (Staff Writer)February 13, 2022

ABUJA — The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced the decision to end the sale of foreign exchange to banks by the end of the year. He indicated this on Thursday at a press conference in Abuja after consultation with the Bankers’ Committee. According to him, the introduction of the bank’s RT200 FX programme boosts the country’s foreign exchange inflow through non-oil exports. “The era is coming to an...

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FG to Investigate Importation of Off-spec Petrol

BusinessOil & GasStandards & Consumer ProtectionFG to Investigate Importation of Off-spec Petrol

Beloved John (Staff Writer)February 9, 2022

ABUJA — The federal government has vowed to investigate the supply of adulterated premium motor spirit (petrol). Timipre Sylva, minister of state for petroleum resources, disclosed this to state house correspondents at the end of the federal executive council meeting on Wednesday in Abuja. The minister affirmed that decision to probe followed a briefing on the issue to President Muhammadu Buhari Tuesday to get to the bottom of the matter. “The issue did not come...

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Reps Urges FG to Declare State of Emergency on Ritual Killings

Crime & SecurityNewsReps Urges FG to Declare State of Emergency on Ritual Killings

Beloved John (Staff Writer)February 9, 2022

ABUJA — The Nigerian House of Representatives has urged the FG to declare a state of emergency on ritual killings in the country. The lower legislative chamber passed the resolution at a plenary session on Wednesday. The development is triggered by the adoption of a motion of urgent public importance sponsored by Toby Okechukwu, deputy minority leader of the house. According to him, the incidents of ritual killings have taken an alarming dimension in recent...

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Reps Approve Bill to Penalize Who Use Government Funds for Medical Tourism

BusinessHealthReps Approve Bill to Penalize Who Use Government Funds for Medical Tourism

Beloved John (Staff Writer)February 9, 2022

ABUJA — The bill that seeks to penalise public officials who receive medical treatment abroad using government funds has passed the second reading at the house of representatives. The bill is sponsored by Sergius Ogun, a legislator from Edo state. Section 46 of the act prohibits public employees from seeking medical treatment abroad using public funds. However, the bill exempted officials who received the recommendation of a medical board and were approved by a commissioner or minister....

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