Daily Record

Nigeria facing existential threat, World Bank warns

he President, Major General Muhammadu Buhari (retd.); Minister of Finance, Budget and National Planning, Zainab Ahmed In light of Nigeria’s dwindling revenue, the continued payment of trillions of naira on fuel subsidy by the government and the attendant economic challenges, the World Bank on Wednesday raised the alarm that the …

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Owo Church attack: Military arrests two more suspects

Two more high profile members of the Islamic State of West African Province (ISWAP) linked with the deadly attack on worshippers in Owo, Ondo State have been arrested, the military disclosed on Thursday. The suspects, Al-Qasim Idris and Abdulhaleem Idris, were apprehended at Omialafara (Omulafa) in Ose Council Area of Ondo State. …

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PDP crisis: Why Ayu must quit now, by ex-party chair

• Bode George: chairman, candidate can’t come from one zone Former Peoples Democratic Party (PDP) National Chairman Abubakar Baraje yesterday justified the call for Dr. Iyorcha Ayu’s resignation as national chairman. Baraje said the agitation for Ayu’s resignation was not “out of place.” He said: “We have a tradition of zoning …

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FG borrows additional N2.45tn from CBN in six months

CBN Nigeria’s federal government’s total borrowing from the Central Bank of Nigeria (CBN) through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022, representing an increase of N2.45trn in six months. This is according to data from the apex bank. The N19.91tn is not …

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Ex-AGF, Ahmed Idris seeks plea bargain over N109bn fraud case

Ahmed Idris Ahmed Idris, the Accountant General of the Federation, and other defendants have sought for a plea bargain with the Economic and Financial Crimes Commission (EFCC) over the N109 billion case of gratification and fraud instituted against them. The disclosure was made on Wednesday before the Federal Capital Territory …

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How my headmaster molested me – Uche Maduagwu

Controversial actor Uche Maduagwu has recounted how his headmaster molested him at 8. He revealed the life-changing incident happened twice in the man’s office but he never shared it with his mother. Maduagwu noted the incident was the reason he doesn’t mark his birthday till date because the first happened …

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quit as PDP chair Bode George – Ayu

Former Peoples Democratic Party (PDP) Deputy Chairman Chief Olabode George has said the National Chairman, Dr. Iyorchia Ayu, should honour his promise to resign if the presidential candidate is picked from the North. He said the emergence of the chairman and flag bearer from one zone has violated the principle of inclusivity. …

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