On Friday, the Chief Economist at SPM Professionals, Paul Alaje, called on the federal government to exercise caution when interpreting advice from global financial institutions like the World Bank and the International Monetary Fund (IMF). The exchange rate is “the elephant in the room.” Everything this administration has accomplished will be lost if the value…
Governor Sanwo-Olu Extends Amnesty for Owners of Buildings without Approvals to December 31, 2024 For another period of two months, the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has extended the amnesty period granted to owners and developers of existing buildings without Planning Permit to December 31, 2024. The additional grace period was announced by…
By the conclusion of the second quarter of 2024, Nigeria’s total public debt stock had increased by N12.6 trillion in just three months to N134.3 trillion ($91.3 billion). This is a 10.35% growth compared to the N121.7 trillion ($91.5 billion) reported in the first quarter of this year. The devaluation of the naira, announced during…
The disaster happened at 11:22 a.m. near Port Harcourt’s waterways when East Wind Aviation’s Sikorsky SK76 helicopter, registered 5NBQG, took off from Port Harcourt Military Base (DNPM) to the FPSO-NUIMS Antan oil platform. According to Odutayo Oluseyi, a spokesman for the Ministry of Aviation and Aerospace Development, there were eight verified passengers on board. Authorities…
The Federal Government’s Heads of Agencies, Ministers, and Ministers of State are only allowed to have three cars in their official convoys, per President Bola Ahmed Tinubu’s directive. “No additional vehicles will be assigned to them for movement,” stated Bayo Onanuga, the President’s Special Advisor on Information and Strategy, who announced on Thursday. The move…
The House of Representatives has directed its Committee on Power to investigate the frequent national grid collapses and provide a report within three weeks. Hon. Mansur Manu Soro (Bauchi, PDP) brought forward a resolution of urgent national concern at the plenary session, which led to this decision. In his motion, Hon. Soro voiced his profound…
After briefings with President Bola Tinubu, the Senate has called for a national summit to address the issue of out-of-school children. This resolution was adopted during plenary following the submission of the Committee on Education (Basic & Secondary) report on the urgent need to address the issue of out-of-school children in Nigeria. According to the committee’s…
The Lagos State Government has announced a traffic diversion plan for the forthcoming Afropolis Dance Event. The event which is organised in collaboration with the Ministry of Tourism, Arts and Culture is scheduled for a duration of Nine (9) Days starting from Saturday 26th October 2024 to Sunday 3rd November 2024 and lasting 24 hours…
President Bola Ahmed Tinubu GCFR has approved the immediate implementation of eight far-reaching actions to reinvigorate the Administration’s capacity for optimal efficiency pursuant of his commitment to deliver on his promises to Nigerians.The eight actions approved by Mr. President include: LIST OF MINISTERS REASSIGNED TO NEW PORTFOLIOS ARE ASFollows: Ministers To Be Discharged Are As…
President Tinubu and Federal Executive Council have scrapped the Niger Delta Ministry and the Ministry of sports development. According to Bayo Onanuga, Special Adviser on Information and Strategy to President Tinubu, the decisions were made during the FEC meeting in Abuja on Wednesday. There will now be a ministry of regional development to oversee all…
