Local news – Page 1408

Cardoso: Economy Now Stable As Investor Confidence Rises

21.05.2025

…why we released CBN’s financial statements MPC retains lending rate at 27.5% The Nigerian economy is now stable, attracting renewed interest and commitment from investors who desire a stable atmosphere for investment, Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, said yesterday in Abuja. Speaking with journalists at the end of the 300th...

Minister Blames DisCos’ Remittance Discrepancies On Crumbling Infrastructure

21.05.2025

Minister of Power, Chief Adebayo Adelabu, said that despite tariff adjustments that boosted market liquidity by 70 per cent – raising sector revenue from N1 trillion in 2023 to N1.7 trillion in 2024 – the distribution segment remains the weakest link. He said: “In the fourth quarter of 2024, DisCos in the North remitted just...

NASS Inserted Projects Worth N6.93trn In 2025 Budget – BudgIT

21.05.2025

Civic tech organisation, BudgIT Nigeria, has stated that it has uncovered over 11,000 projects worth N6.93 trillion inserted by the National Assembly in the 2025 budget. The organisation disclosed this in a statement published on its official X handle yesterday, describing the development as a “deeply entrenched culture of exploitation and abuse”, led by top-ranking...

Zulum Thanks Citizens For Observing One-Day Prayer, Fasting

21.05.2025

Borno State Governor, Babagana Zulum, has expressed gratitude to the citizens of the state for their overwhelming response to his call for a one-day voluntary fast and prayers for peace and security. It would be recalled that Zulum had in a statewide broadcast urged residents to join him in observing a day of prayer and...

Top 15 News Roundup For Latest Nigeria News May 21

21.05.2025

Here is New Telegraph’s news roundup of the top 15 latest Nigerian news making headlines today Wednesday, May 21, 2025 President Bola Ahmed Tinubu has returned to Abuja following a two-day visit to Vatican City, Rome, where he attended the inauguration of the 267th Pontiff, Pope Leo XIV. Akpabio Urges ECOWAS Member States To Embrace...

Wike Announces Projects Commissioning To Celebrate Tinubu’s 2nd Anniversary

20.05.2025

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced a 19-day project commissioning exercise to commemorate President Bola Ahmed Tinubu’s second anniversary in office. A statement issued on Monday by the Minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, revealed that the commissioning of projects will commence on...

Reps Propose Five Bills To Address Nigeria’s Oil Sector Challenges

20.05.2025

The House of Representatives Committee on Petroleum Resources (Upstream) and the Special Committee on Crude Oil Theft are set to jointly introduce five legislative bills aimed at tackling critical issues plaguing Nigeria’s oil and gas sector. Chairman of both committees, Alhassan Ado Doguwa, disclosed this during a joint meeting held on Tuesday, describing the initiative...

NNPCL, NAPIMS External Auditors Tackle Senate C’ttee Over Appearance

20.05.2025

External auditors of the Nigerian National Petroleum Company Limited (NNPCL) and the National Petroleum Investment Management Services (NAPIMS) on Tuesday clashed with the Senate Committee on Public Accounts over their refusal to appear before the committee. The committee had earlier invited the auditors to respond to queries raised in pre-2023 audit reports of both NNPCL and...

Oyo Assembly Yields To Pressure, Backs Rotational Chairmanship

20.05.2025

The Oyo State House of Assembly on Tuesday yielded to public pressure and passed the amended Oyo State Council of Obas and Chiefs (Further Amendments) Bill, 2025, following its third reading and presentation by the Committee on Local Government, Chieftaincy Matters, and State Honours. The bill, which had sparked heated debates among stakeholders, especially regarding...

Defamation Suit: Court Dismisses VeryDarkMan’s Objection

20.05.2025

A Lagos High Court in Ikeja in Tuesday ordered social media influencer, Martins Vincent Otse, popularly known as VeryDarkMan to pay the sum of ₦200, 000 as fine after dismissing his preliminary objections to the ₦1 billion defamation suit filed against him by human rights lawyer Femi Falana (SAN) and his son, Folarin Falana, also...

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I apologise for saying no heaven without tithe – Adeboye

04.10.2024

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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