Agency Report The Debt Management Office says the rise in Nigeria’s public debt stock from N97.34 trillion in December 2023 to N121.67 trillion in March is partly due to exchange rate fluctuations. The Director-General of DMO, Patience Oniha, said this in an interview with the News Agency of Nigeria on Tuesday in Abuja. She was clarifying misconceptions about the recently released update of the country’s total debt profile. She said that the securitisation of N4.90 trillion as part of the securitisation of the N7.3 trillion Ways and Means Advances approved by the National Assembly was also responsible for the N24.33…
Author: Daily News Hub
Seyi Tinubu, son of President Bola Tinubu, on Tuesday, attended the wedding ceremony between award-winning Afrobeat musician, David Adeleke, popularly known as Davido, and his wife, Chioma Rowland. Ogun State Governor, Prince Dapo Abiodun, and popular businessman, Obinna Iyiegbu, popularly called Obi Cubana, also attended the event. Their arrival was disclosed in different videos of the event posted on social media. Earlier, former President Olusegun Obasanjo, and the Oni of Ife, Oba Adeyeye Ogunwusi, also arrived at the venue of the event in Lagos. Davido and Chioma’s wedding with the hashtag #CHIVIDO2024 has been generating excitement on social media since…
A senior officer of the Nigerian Customs Services (name withheld), on Tuesday, slumped during questioning by a House of Representatives Committee and later died at the National Assembly clinic, Abuja. The deceased Customs officer had been invited by the Public Account Committee of the House of Representatives for questioning in the ongoing probe of revenue-generating agencies and parastatals of government. It was learnt that the officer collapsed while being grilled by members of the committee. He was subsequently rushed to the National Assembly clinic where he was confirmed dead. Spokesman for the House, Akin Rotimi, said in a statement, “It…
Former Vice-President Atiku Abubakar, on Tuesday, deplored the attitude of state Governors to traditional institutions. Atiku said in a statement that the action of some Governors pose serious threats to the stability of traditional institutions in the country. Atiku who was making veiled reference to the Emirship tussle in Kano and alleged move by the Sokoto State Government to depose the Sultan, said recent developments in the country has seen a “growing tendency of state governments exerting influence in distorting the modalities of enthroning traditional stools.” But the Sokoto State Government has already denied any plan to depose the Sultan.…
… says ‘it’s not your duty to tell us to protect Sultan, it’s our responsibility’ Sokoto State Government, on Tuesday, advised Vice President Kashim Shettima to always cross check facts before commenting on sensitive national matters. The state government, in its response to the public warning issued by Shettima at the Northwest Security Summit in Katsina on Monday, said the Vice President should have contacted Governor Ahmed Aliyu to verify the news which went viral on the purported plan to depose Sultan Muhammadu Sa’ad Abubakar III before going public. Governor Aliyu’s spokesman, Abubakar Bawa, in a statement, said the government…
Nigerian Army, on Tuesday, denied allegations that it is recruiting Islamic fundamentalists and jihadists. The rebuttal followed a viral video that claimed the Army was recruiting jihadists. The Army said the video falsely depicted an officer encouraging Muslim young men to join the military to protect and propagate Islam. It added that the footage also falsely portrayed an officer calling on Muslim young men to join the military to protect and propagate Islam. Director, Army Public Relations, Maj. Gen. Onyema Nwachukwu, said in a statement that the viral video was aimed at causing a religious crisis in the country. The…
By Kassim Afegbua Barring any rupture in the progress of the dialogue between Labour and the Federal Government, the 62k minimum wage imbroglio is likely to be reposed soon. We hear that government is planning to offer N62k monthly; this may sail through only for the near future: it presumably will stretch government purse to its full elasticity, thereby voyaging us to another round of financial strain on all sides; in the private and public sectors. This is not rocket science. The initial threat to embark on another strike by the Ajaero-led NLC was another red-herring, but thank goodness that…
Seyi Tayese, Yenagoa National Association of Seadogs, also known as the Pyrates Confraternity, has declared support for the campaign for blood donors to contribute to the drastic reduction of infant and maternal mortality. Members of NAS on the Oxbow Marino Deck, Bayelsa State, made this declaration during the 2024 World Blood Donor Day advocacy visit to the Federal Medical Centre in Yenagoa with the theme, “20 YEARS OF CELEBRATING GIVING: THANK YOU BLOOD DONORS”, insisting that blood donation and transfusion are noble gestures of mankind. The Oxbow Marino Deck Seadogs also visited the phlebotomy at the ultra-modern blood bank building…
By Kabiru Abdullahi Wushishi The recent report by Kars de Bruijne and Clara Gehrling, titled, “Dangerous Liaisons: Exploring the Risk of Violent Extremism along the Border between Northern Benin and Nigeria,” provides a timely analysis of a critical issue. The Clingendael Institute’s effort to enlighten us on the complexities of violent extremism in this volatile region is commendable. However, the report’s methodology and fundamental inaccuracies demand critical examination to ensure we build a robust understanding of the threat and develop effective responses. As a matter of fact, the report risks sparking conflicts between border communities in an already tense environment,…
Former Deputy Chief of Defence Administration, retired Commodore Kunle Olawumi, is set to deliver a lecture on the nexus between governance and societal wellbeing at Chrisland University, Abeokuta. The lecture holds on Thursday 27th June, 2024 at 12 noon. Venue is The Marquee at the University campus located along Ajebo Road, Abeokuta. Olawunmi, who is an expert in the field of Global Counter-Terrorism, is currently Head of the Department of International Relations and Diplomacy in the University renowned for intellectual radiance. The lecture is the maiden one for the College of Arts, Management and Social Sciences(CAMASS), which is headed by…