N54tn budget: Experts divided over raise, FG adds N4.5tn agric, infrastructure funds

N54tn budget: Experts divided over raise, FG adds N4.5tn agric, infrastructure funds

Some players in the Nigerian economy have shared different views following the decision of the Federal Government to increase the 2025 Appropriation Bill from N49.7tn to N54.2tn on the back of additional revenues generated by key government agencies. On Wednesday, letters from President Bola Tinubu were read on the floor of the Senate indicating the adjustments in the yet-to-be-passed budget. The President conveyed the budget adjustment in separate letters sent […]

February 6, 2025 12

NEWS

Prioritise healthcare funding over foreign aid, Moghalu tells African leaders

Former presidential candidate and economist, Kingsley Moghalu, has called on African countries to prioritise healthcare funding from their own resources rather than relying on foreign aid. According to him in a statement on Friday via X, dependence on external assistance for healthcare interventions is not a sustainable strategy for the continent. Moghalu’s comments come in the wake of former U.S. President Donald Trump’s withdrawal of the United States from the […]

January 31, 2025 9

NEWS

NiMet workers threaten strike over welfare concerns, issue 14-day ultimatum

Workers under the Nigerian Meteorological Agency have issued a 14-day ultimatum to the agency’s management to address longstanding welfare concerns or face a nationwide industrial action. The unions said this in a letter titled “Failure to respond to lawful and reasonable demands—14 days ultimatum,” which our correspondent obtained on Wednesday. It was signed by Ocheme Abah of the National Union of Air Transport Employees, Sikiru Waheed of the Amalgamated Union […]

January 22, 2025 15

NEWS

Anxiety over Kyari’s tenure as NNPC GMD

There is growing anxiety over the expiration of the tenure of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, and the possible appointment of a new helmsman to direct the affairs of the oil giant. Some industry watchers believe that the NNPCL boss, who turns 60 on January 8, 2025, may exit the national oil firm, raising concerns about the future leadership of the […]

December 30, 2024 10

NEWS

PDP slams Tinubu over GCON conferment on Indian PM

The Peoples Democratic Party on Sunday faulted President Bola Tinubu for decorating the visiting Indian Prime Minister, Narendra Modi, with the Nigerian second highest national honour of the Grand Commander of the Order of the Niger.

November 18, 2024 12

NEWS

Trump claims victory over Harris in US presidential election

Donald Trump claimed victory and pledged to “heal” the country Wednesday as results put him on the verge of beating Kamala Harris in a stunning White House comeback. His exuberant speech came despite the fact that only Fox News had declared him the winner, with no other US networks having made the call so far. As jubilant supporters cheered and chanted “USA”, Trump took to the stage at his campaign […]

November 6, 2024 27

NEWS

Retired Customs officer tackles police over vehicle seizure

Retired Customs officer tackles police over vehicle seizureA retired Nigeria Customs Service officer, Akeem Sanyaolu, has raised the alarm over alleged harassment and unlawful seizure of property by officers of the Nigeria Police Force from the Zone 2 headquarters covering Lagos and Ogun states.

October 24, 2024 8

BUSINESS

Dangote meets marketers Tuesday over new petrol price

The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to resend its request for petrol lifting. This came as PETROAN expressed optimism that the cost […]

October 14, 2024 39

BUSINESS

Customers drag First Bank over frequent debits

Some customers of First Bank Plc have taken to social media to drag the bank over what they described as unnecessary debits from the money-keeping giant. In several reactions on their Facebook page, @First Bank of Nigeria Limited on Sunday, the customers expressed their frustration over uncountable debits from the bank in the last two weeks. One of the customers, Udoh Blessing, who reacted to the bank’s latest post on […]

September 30, 2024 34

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