President Muhammadu Buhari has rescinded his earlier decision, authorising the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy. The Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, confirmed this ...
Read More »Daily Archives: August 11, 2022
ASUU STRIKE: Federal Govt Can’t Borrow N1.1trn To Meet Demands – Umahi
Ebonyi State Governor David Umahi has said despite the genuineness of the five-month industrial action embarked on by the Academic Staff Union of Universities (ASUU), it is unreasonable for the federal government to borrow N1.1 trillion to meet the lecturers’ ...
Read More »China Invents New ‘Langya’ Virus, Dozens Infected
Just as the world is still grappling with the scourge of COVID-19 that originated from China, a new virus identified as Langya henipavirus or LayV has hit the Asian giant. Reports have it that nearly three dozen people in China ...
Read More »FG Borrows N2.45tn From CBN Amid Fiscal Risks
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022. According to data from the CBN, this shows that the Federal Government borrowed ...
Read More »Nigeria Facing Existential Threat, World Bank Warns
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 country might be facing an existential ...
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