Nigeria’s House of Representatives has approved President Bola Tinubu’s plan to raise $2.347 billion from international lenders and investors, paving the way for a mix of Eurobonds, syndicated loans, and an inaugural $500 million Sukuk issuance aimed at financing next year’s budget and managing the nation’s maturing debts. The lower chamber’s approval came on Wednesday…
The United Kingdom, United States, Ireland, Germany, France, and the EU delegation have issued a joint statement expressing their concerns regarding election-related violence and aggression in Sierra Leone leading up to the upcoming elections. Paragraph 2: In their statement, they call upon all individuals to refrain from engaging in violence, show respect for the political…
European Union (EU) foreign ministers to agree on new sanctions over Russia’s alleged attempts to take political influence in Moldova, Romanian Foreign Minister Luminita Odobescu said on Monday. The EU sanctions target Russian actors and organisations accused of destabilising the former Soviet nation’s democracy and security ahead of a crunch referendum on EU membership and…
The Federal Government has concluded the review of the Basic Health Care Provision Fund (BHCPF) operational guidelines and is set to commence the 2024 audit exercise by mid-July. These efforts are part of ongoing initiatives to improve transparency and strengthen primary healthcare financing in Nigeria. Dr Oritseweyimi Ogbe, Secretary of the BHCPF Ministerial Oversight Committee…
The Nigeria Extractive Industries Transparency Initiative (NEITI), has sought for technical assistance from Australia, Belgium and Canada to deepen Nigeria’s extractive industry reforms. The reform programme is designed to deal with challenges of corruption, oil theft, illegal mining, stealing of minerals, pipeline vandalisation and associated governance challenges. Dr Orji Ogbonnaya Orji, Executive Secretary of the…
President Bola Tinubu said the interest and welfare of the citizens of Mali, Burkina Faso and Niger remained priority for leaders of ECOWAS. The President said this on Wednesday while receiving Mr Frank–Walter Steinmeier, the President of Germany, in a State Visit on Wednesday at the Presidential Villa, Abuja. He said that wisdom and diplomacy…
Gov Bala Mohammad of Bauchi State has condoled with the family of a Daily Post reporter in the state, Mrs Hafsat Adebayo, describing her death as a great loss to the state and journalism profession. This is contained in a statement issued by the Special Adviser to the Governor on Media and Publicity, Mr Mukhtar…
The Leader of the Senate, Senator Opeyemi Bamidele, on Monday explained how key beneficiaries of the fuel subsidy regime made governance difficult for President Bola Ahmed Tinubu during the first eighteen months of his administration. Bamidele, who represents Ekiti Central Senatorial District, also expressed optimism that the 2025 Appropriation Act would largely address Nigeria’s socio-economic…
An advance security team attached to Abia State Governor, Dr Alex Otti, came under attack on Tuesday near the Sam Mbakwe Airport in Imo State. The ambush occurred at dawn along the stretch between Umuowa and Ihite junction, close to the airport gate, while the three-member team was carrying out official duties. Confirming the incident,…
The Apapa Area Command of the Nigeria Customs Service has launched the Electronic Cargo Tracking System (ECTS), a digital innovation designed to enhance national security and facilitate trade. The area controller, Emmanuel Oshoba, said this in a statement by the command’s spokesperson, Tunde Ayagbalo, during the inauguration of the system at the Apapa Port….
