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The Nigerian government is currently negotiating a fresh $14.4 billion loan which is about N5.9 trillion to finance two rail lines in the country. Minister of Transportation Rotimi Amaechi disclosed this in an interview with Bloomberg. According to the minister, Standard Chartered Plc, a British multinational bank will be funding the project despite previously announcing the state-owned Export-Import Bank of China. The...

Governor of Ebonyi State, Dave Umahi, has called on residents of the state to rise up and fight invaders and killer herdsmen who attack them, instead of waiting for security agents to come to their aid. Umahi who also offered amnesty to armed youths in the state during an enlarged security council meeting in Abakaliki on Thursday, added that the...

The Presidency has said enemies of the President Muhammadu Buhari-led administration are trying to cause a crisis between the President and National Leader of the All Progressives Congress (APC), Bola Ahmed Tinubu, following a comment the President made in an interview on Arise TV on Thursday. Buhari, while responding to a question on zoning of political positions in the ruling...

 President Muhammadu Buahri says all his appointments are strictly based on merit and in accordance with his administration’s zeal to serve Nigerians. Buhari said this during an exclusive interview with Arise TV on Thursday morning. Some critics of the Buhari administration have accused the president of nepotism. After the death of General Ibrahim Attahiru, former Chief of Army Staff, Buhari appointed General...

The Debt Management Office (DMO) stated on Wednesday that the country added N191 billion to its debt stock between January and March. As a result, Nigeria’s overall debt has increased to N33.107 trillion as of the end of March 2021, up from N32.916 trillion in December 2020. The debt stock comprises of the Federal Government of Nigeria, 36 state governments, and...

The House of Representatives Wednesday passed for second reading, a bill seeking establishment of state security outfits that complement the operations of the Nigeria Police Force. The bill titled ‘A Bill for an Act to Alter the Provisions of the Constitution of the Federal Republic of Nigeria 1999 to Give Legal Backing to State Security Outfits to Complement the Nigeria...

The ruling All Progressives Congress (APC) has set up a 7-member screening committee for aspirants seeking the party’s ticket for the November 6, 2021, governorship election in Anambra State. In a statement on Wednesday, Secretary of the APC Caretaker/Extraordinary Convention Planning Committee, Sen. John James AkpanUdoedehe, said the committee is expected to conduct the screening exercise in line with the...

President Muhammadu Buhari on Wednesday received the first made in Nigeria cell phone, known as ITF Mobile. The News Agency of Nigeria (NAN) reports that the Minister of Industry, trade and Investment, Adeniyi Adebayo, presented the phone to the president, before the commencement of Wednesday’s Federal Executive Council meeting in Abuja. According to Adebayo, the phone is one of the 12...

Former President Olusegun Obasanjo says it is “almost idiotic” to push for Nigeria’s disintegration at a period that Africa gears towards political, social and economic reintegration.   He said this in Abeokuta, Ogun State, at the luncheon and investiture of Kehinde Isijola as the new chairman of Nigerian Institution of Surveyor (NIS), Ogun State chapter, on Wednesday. The programme held at the...

The Judicial Staff Union of Nigeria (JUSUN) has called off its nationwide industrial action. The decision to call off the strike followed a meeting between JUSUN executives and the National Judicial Council (NJC) led by the Chief Justice of Nigeria (CJN), Justice Ibrahim Muhammad. Both parties agreed that the strike should be called off in the interest of the nation and...