Nigeria’s $3.4billion IMF loan comes with many charges, fees, surcharges and interest of between two to three percent per annum, and further devalues the Naira to N389.976/USD as against CBN’s N360/USD. As expected the International Monetary Fund, IMF, yesterday approved Nigeria’s application for $3.471.83 billion to bridge shortfalls in the 2020 budget and respond to…
Senate Approves Buhari’s N850 Billion Loan Request
President Muhammadu Buhari is seeking domestic and foreign loans to bridge the liquidity crisis caused by the COVID-19 crisis in the 2020 budget. The National Assembly resumed plenary today after a five-week COVID-19 recess and the Senate immediately approved President Muhammadu Buhari’s request for N850 billion loan to fund shortfalls in the 2020 budget. Ahmed…
COVID-19: Danger Looms in Kano
Fear has gripped the residents of Kano, a state Governor Abdullahi Ganduje says is the most populated in Nigeria, after Lagos. As at Tuesday night the Nigeria Centre for Disease Control, NCDC, confirmed that Kano State’s COVID-19 cases had ballooned to 73 with additional 14 new cases. Kano recorded the first case on April 11.…
Hope Rises for COVID-19 Cure
Hope surges around the world as Remdesivir is proving effective against coronavirus. Optimism is welling up in United States with the promising returns from Remdesivir, an investigational antiviral drug from Gilead Sciences, which is on clinical trials. A Chicago hospital using the drug in the treatment of severe COVID-19 patients has reported rapid recoveries. About…
We may not pass Hate Speech Bill – Ahmed Lawan
The Senate gives six months scorecard. Ahmed Lawan, president of the Senate, has assured Nigerians that the obnoxious Hate Speech Bill will not be passed if the majority of Nigerians do not want it. He gave this assurance on Monday at Abuja in a press briefing where he gave account of the Ninth Senate’s stewardship…
The ‘Sins’ of Osinbajo
As APC hawks strategize ahead of 2023 presidency, Vice President Yemi Osinbajo will require the grace of God to survive the intrigues with his reputation intact It is forty-four months to the next general elections in Nigeria and just four months into President Muhammadu Buhari’s second term of four years but politicians are already executing…
Evergreen Initiative to The Rescue
Nigeria is facing a severe destitution crisis which undermines the economic growth and well-being of its citizens. This issue of severe poverty has been connected with illiteracy on so many levels and while the country has made considerable progress in promoting primary and secondary school education there is still a long way to go as…
Cover Story: The Return of Tyranny
After 20 years of unbroken civil rule, Nigeria’s democracy is regressing into another tyranny I do solemnly swear that I will be faithful and bear true allegiance to the Federal Republic of Nigeria; that as President of the Federal Republic of Nigeria, I will discharge my duties to the best of my ability, faithfully and…
A Mixed Grill at 59
President Buhari says Nigeria is on course while Nigerians express mixed feelings as the nation marks 59th anniversary. Nigeria marked her 59th independence anniversary with low-keyed ceremonial change of guards at the Presidential Villa, Abuja. After the national broadcast at 7.am, the ceremonial change of guards took place at the courtyard of the Presidential Villa.…
NDDC Board appointments create turmoil in Niger Delta.
The nominations of members of the fifth Niger Delta Development Commission board by the Presidency on August 27 is brewing crisis in the oil-bearing belt. A disregard for the provisions of the Niger Delta Development Commission, NDDC, Act in the recent appointment of members of the new board by the Presidency is raising dust in…
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