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Buhari explains ‘Why we’re borrowing to fund budget’

President Muhammadu Buhari on Thursday said his administration has been borrowing to finance the budget due to dwindling revenues. He urged Nigerians to be alive to their tax obligations as taxation is a required sacrifice for citizens if the country is to develop. The President spoke virtually during the First National Tax Dialogue held at the Conference Hall of the ...

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3 burnt “beyond recognition” in Ogun tanker explosion

Three persons were confirmed to have been burnt to death while several others sustained injuries in a tanker explosion in Abeokuta, the Ogun State capital on Tuesday, around 8.00 a.m Five vehicles and two motorcycles got burnt in the explosion which occurred around the Guarantee Trust Bank, Presidential Boulevard in Abeokuta. Both the deceased and injured were taken to the ...

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77 Nigerians die of Coronavirus within 1 Wk

The Ministry of Finance has released N10bn to support domestic vaccines production to tackle COVID-19 pandemic in the country. The Minister of Health, Osagie Ehanire, says Nigeria’s total number of confirmed COVID-19 cases is 110,387 out of a total of 1,172,234 samples tested, with a cumulative positivity rate of 9.4 percent. He said 1,444 cases were recorded in the past ...

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29m SIMs  Linked To NINs As Deadline Expires Today

About 29 million telecom users are yet to link their National Identity Numbers to their SIM cards even as the first deadline given to subscribers expires today. A top federal government official told Daily Trust yesterday that as of yesterday, about 176m SIM cards had been linked to their owners’ NINs. The government had given January 19 and February 9 ...

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Panic buying weakens naira, as importers scramble for dollar

There are fears that the exchange rate of the naira at the parallel markets will come under pressure in the coming weeks. This is as a result of importers scramble for scarce dollar to meet business demand. The rising dollar demand and a shortfall in forex supply have been putting pressure on naira. At the weekend, the naira dipped against ...

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At last, Buhari posts ambassadors to countries… See list

The waiting is over, Muhammadu Buhari has come out with postings of Nigeria’s envoys. The ambassadorial nominees had been waiting for their postings several months after they had been confirmed by the Senate. Among others, he has approved the deployment of a former Minister of State for Defence, Demola Seriki, to Spain as the Nigerian Ambassador while a former Minister ...

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Buyer Beware : Ex-banker invited to buy a car in Osun then arrested for robbery

Thirty-eight-year old Moses Keffi, an ex-employee of a second generation bank, who was arrested last Thursday on the Osu/Ile-Ife Expressway for armed robbery, has said he was invited by a friend, simply identified as ‘Ibadan’, to Osun State to buy a car Keffi was arrested by the police alongside Odeyemi Oluwafemi and Isah Lawal for hijacking at gunpoint two trucks, ...

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Incredible! : Police Officer arrested during robbery operation

Operatives of the Elekahia Police Division on Sunday arrested a Police Sergeant, Ibrahim Odege, and one other person ‘involved’ in armed robbery at Elekahia Housing Estate. A press statement issued at the weekend by the State Police Command Public Relations Officer, Nnmadi Omoni, said that the two suspects were robbing people and dispossessing them of their valuables before they were ...

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NIN deadlines are Jan 19 (to link), Feb 9 (new), as FG orders SIM deactivation

The Federal Government had ordered telecommunications companies to deactivate the telephone lines of subscribers who failed to link their Subscriber Identification Modules with valid NINs. It gave subscribers with NINs till January 19 to link their NINs with their SIM cards, while subscribers without NINs have until February 9 to do so.

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DisCos Install Only 525,000 Meters In 2 Yrs

The 11 electricity Distribution Companies (DisCos) have installed only 525,120 meters in the last two years, just as about six million power consumers languish under estimated billing as of 2020. The low installation figure is 7.5 per cent of the DisCos’ contracted supply of 7.6m meters between 2019 and November 2020. According to a statistics report on the metering status ...

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