BY GODWIN OBI Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and domestic obligations, reflects the significant impact of exchange rate depreciation on external borrowings when convertedContinue Reading
BY GODWIN OBI The Trade Union Congress (TUC) has rejected the Federal Government’s move to increase Value Added Tax (VAT) from the current 7.5% to 10%, 12.5% and finally to 15% as proposed in one of the tax reform bills. In a statement on Tuesday, TUC President Festus Osifo saidContinue Reading
BY GODWIN OBI Senators and members of the House of Representatives have called for increased funding for the Ministry of Marine and Blue Economy, emphasising the sector’s significant potential to drive economic growth. The lawmakers made this call on Tuesday during the budget defense session for the ministry. The ministryContinue Reading
BY GODWIN OBI President Bola Tinubu on Tuesday directed the National Security Adviser (NSA), Nuhu Ribadu, to coordinate negotiations with various parties within Ogoniland in the oil-rich Niger Delta area to resume oil production in the area. The President, who gave the directive in Abuja when he received Ogoni leadersContinue Reading
BY GODWIN OBI The Nigerian Communications Commission approved a 50 per cent increase in call tariffs on Monday, which may raise the average cost of calls to N16.5 per minute. Based on the 2023 national telephone traffic data, this hike could generate over N6.74tn in revenue for telecom operators inContinue Reading
BY GODWIN OBI The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria.Continue Reading
BY GODWIN OBIThe National Assembly has expressed concerns over the insufficient allocation of funds to the Ministry of Solid Minerals in the 2025 budget, querying plans by the Federal Government to diversify the nations economy. During a joint session today, the Senate and House of Representatives Joint Committees on SolidContinue Reading
BY GODWIN OBI The suspended Rev. Fr. Daniel Okanatotor Oghenerukevwe of the Catholic Church of Warri Diocese, actually dumped his celibacy vows and renounced his priestly calling to marry his heartthrob in Dallas, United States of America, Frontline Reporters reports. The priest tied the matrimonial knot with his wife, DoraContinue Reading