slideshow

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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