Senate to receive supplementary budget July

Senate to receive supplementary budget July

The Senate has said President Bola Tinubu will send the 2024 Supplementary budget to the legislators for approval after resumption. The Senate spokesperson, Yemi Adaramodu, informed The PUNCH that the N6.6tn supplementary budget, although still being computed by the executive, would be sent to the National Assembly after its July 2 resumption. He said, “The […]

Tinubu promises new minimum wage the that government can afford

Tinubu promises new minimum wage the that government can afford

President Bola Tinubu has assured that he will approve a new minimum wage that the government can afford.  Speaking late yesterday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja, the President appreciated those who stood by him over the years and promised Nigerians that he won’t depart from democratic governance. […]

Malawi announces 21 days of mourning for vice president

Malawi announces 21 days of mourning for vice president

The Malawi government has announced that Vice President Saulos Chilima will be honored with a state funeral after he died in a plane crash along with eight other people. President Lazarus Chakwera had already announced 21 days of national mourning yesterday, and appointed a ministerial committee to oversee preparations for Chilima’s state funeral, although no […]

Governors propose phasing out of electricity subsidy

Governors propose phasing out of electricity subsidy

The Thirty-Six State governors of Nigeria have recommended the phasing out of electricity subsidy in the country to ensure liquidity in the power sector. This is contained in the Nigeria Governors’ Forum recommendations to the federal government on the state of power in the country, in which it highlighted that over the past 15 years, […]

The Military to parade at Eagles Square Abuja on Democracy Day

The Military to parade at Eagles Square Abuja on Democracy Day

The Federal Government has announced a military parade would be held to mark this year’s Democracy Day tomorrow Wednesday at Eagle Square, Abuja. The events, which also commemorate the 25 years of democracy, would be preceded by a symposium at the State House, to be followed by a youth conference in Abuja. A statement by […]

FG warns hotels in Nigeria not to harbour underage girls

FG warns hotels in Nigeria not to harbour underage girls

The Federal Government has warned hoteliers across the country not to harbour teenagers and underage girls in their facilities or risk being sanctioned. The Minister of Women Affairs, Uju Kennedy-Ohanenye, read the riot acts on Saturday at the ‘Unlock Training and Grants’ ceremony, which saw 200 young entrepreneurs receive N100m. The Minister who said hoteliers […]

Lack of Crude Supply Halts Funding for Nigerian Modular Refineries

International financiers poised to fund the construction of approximately 20 modular refineries in Nigeria have withheld their financial support, citing the lack of guarantees for crude oil supply to these facilities once they are completed. 

International financiers poised to fund the construction of approximately 20 modular refineries in Nigeria have withheld their financial support, citing the lack of guarantees for crude oil supply to these facilities once they are completed.  This development poses a significant setback for Nigeria’s efforts to boost its domestic refining capacity and reduce its dependence on […]

Federal Government Plans to Suspend Import Duties on Essential Items to Combat Inflation

The Federal Government is reportedly preparing to suspend the payment of import duties on staple food items, drugs, and other essential goods for an initial period of six months. 

The Federal Government is reportedly preparing to suspend the payment of import duties on staple food items, drugs, and other essential goods for an initial period of six months.  This initiative, aimed at curbing inflation, is detailed in an Executive Order titled “Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024,” The PUNCH reports. […]

Senator Ninji back to duties after a three-month suspension

Senator Ninji back to duties after a three-month suspension

Senator Abdul Ningi, representing Bauchi Central, has resumed his legislative duties in the upper chamber after a three-month suspension, over budget padding claims. Upon his return today, Senator Ningi speaking at plenary, expressed his appreciation to the Senate for recalling him from suspension after spending 75 out of 90 days slammed on him on March […]