Nigeria Accrued N32.915tn Public Debt in 2020

EconomyNewsNigeriaNigeria Accrued N32.915tn Public Debt in 2020

Beloved John (Staff Writer)March 17, 2021

Nigeria’s Total Public Debt rose significantly in 2020 after declining steadily for three years since 2017 according to the national Debt Management Office (DMO). As at last December, the total debt which is a combination of both the federal and state government stock stood at N32.915 trillion. This information was disclosed in a press release published on its website on Tuesday. Nigeria’s Total Public Debt as at December 31, 2020 was N32.915 Trillion. The figures...

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Amid Economic Hardship, CBN Introduces N7 Fee For USSD Transaction

BusinessEconomyNewsAmid Economic Hardship, CBN Introduces N7 Fee For USSD Transaction

Beloved John (Staff Writer)March 16, 2021

Despite the country’s growing inflation and unemployment rate, the Central Bank of Nigeria has introduced a flat fee of N6.98 per transaction for every Unstructured Supplementary Service Data (USSD) service. This implies that for every time a consumer uses a USSD service, a flat fee of N6.98 will be deducted. In a statement, jointly signed by the apex bank’s acting director of corporate communications Osita Nwanisobi and director of public affairs at the Nigerian Communications...

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Reps Summons NLC to Hearing Over Wage Bill

EconomyLabourNewsNigeriaReps Summons NLC to Hearing Over Wage Bill

Beloved John (Staff Writer)March 11, 2021

The Nigeria House of Representatives has asked the Nigerian Labour Congress (NLC) to submit its argument against the bill to decentralize minimum wage to the house public hearing. Garba Datti, the lawmaker who had initiated the bill which removes the power to negotiate minimum wage at the federal level urged the NLC to bring forth a constructive argument. The bill titled; An Act to alter the Constitution to transfer minimum wage prescription from the Exclusive...

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FAO Solicit $1.1 billion to Control Rising Global Food Insecurity

FoodPovertyUnited NationsFAO Solicit $1.1 billion to Control Rising Global Food Insecurity

Beloved John (Staff Writer)March 11, 2021

The United Nations Food and Agriculture Organization has said raising the bar for the fight against famine, poverty, and wellness of some of the world’s most food-insecure people would cost 1.1 billion dollars. According to the organization, it intends to influence strengthening the capacity and resilience of communities to prepare for and cope with crises as well as providing post-disaster livelihoods support to help people resume production. To do this, FAO requires $1.1 billion as...

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Buhari Reiterates Shoot On Sight Order For Illegal Owners of AK47

Crime & SecurityNational SecurityNewsBuhari Reiterates Shoot On Sight Order For Illegal Owners of AK47

Beloved John (Staff Writer)March 11, 2021

President Mohammed Buhari has ruled that security officers should deal less compassionately with criminals and any person unlawfully wielding a weapon. While addressing the security challenges in the country, the president reiterated the directive that anyone with illegitimate access to or ownership of an AK-47 should be shot at sight. He indicated this on Monday while speaking at a meeting with the National Council of Traditional Rulers of Nigeria at the State House, co-chaired by...

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The House of Reps is Broke – Spokesperson

MoneyNewsPoliticsThe House of Reps is Broke – Spokesperson

Beloved John (Staff Writer)March 11, 2021

The Nigerian House of Representatives said that effectively carrying out its constitutional mandate has been a tedious task due to the unavailability of funds. Indicating that the National Assembly is broke, the spokesperson of the House, Benjamin Kalu, while addressing journalists in Abuja on Thursday said, the 2021 budget of the National Assembly should be reviewed upward to enable it to cope with the situation. “Yes, the House is broke. I have said it before...

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APC Has Registered 2.5m Members in Kano – Ganduje

NewsPoliticsAPC Has Registered 2.5m Members in Kano – Ganduje

Beloved John (Staff Writer)March 9, 2021

Abdullahi Ganduje, governor of Kano, has said the All Progressives Congress (APC) in the state has registered 2.5 million people as members in the ongoing registration/revalidation exercise. The exercise, which began about a month ago across the country, is part of the activities leading to the party’s national elective convention expected to be held in June. In 2015, APC got 1.9 million votes in Kano at the presidential election. The governor disclosed this while speaking...

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Court Remands Police Officer For Murder

Crime & SecurityLaw & JusticeNewsNigeriaCourt Remands Police Officer For Murder

Beloved John (Staff Writer)March 8, 2021

The Federal Capital Territory (FCT) High Court in Nyanya, Abuja has ordered the remand of a policeman, Johnson Samanja, accused of shooting a 19-year-old boy. The court directive was issued on Monday after he was arraigned on a culpable homicide charge. Johnson was charged to court over the death of the 19-year-old who was shot in October last year. The trial judge, Peter Kekemeke, ordered Mr. Samanja, 51, to be remanded at the Nigerian Correctional...

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National DevelopmentNewsNigeriaGovernors Should Push for Greater Autonomy – Wole Soyinka

Beloved John (Staff Writer)March 7, 2021

Nobel laureate, Wole Soyinka, says state governors should stop being timid and push for greater autonomy. According to the laureate, state governors should take sole control in ensuring the welfare of the people rather than be enmeshed in a centralized mentality. The Nobel laureate made his thoughts known when he spoke on Saturday at the virtual Obafemi Awolowo lecture with the theme, ‘Whither Nigeria?’ “I want to make a plea to all governors, stop being...

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Osinbajo Calls for Decentralization of Police Force

Crime & SecurityNigeriaPoliticsOsinbajo Calls for Decentralization of Police Force

Beloved John (Staff Writer)March 7, 2021

Vice-President Yemi Osinbajo has called for the establishment of state police to address security challenges, saying that building a multi-ethnic nation like Nigeria may appear messy and costly. He indicated this while speaking at a conference on national development organised by the Global Patriot newspaper in collaboration with the Nigerian Consulate in New York and Nigeria in Diaspora Organisation, (NIDO), New Jersey chapter, on Saturday. The vice-president added that nation-building is “a challenge thrown to...

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