UK-based Fitch Solutions Country Risk and Industry Research has said the presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu stands the best chance to win the 2023 presidential election. It dismissed the chances of the other two major parties beating Tinubu to the presidential seat stating a number of advantages Tinubu and the APC has over them. According to the research it carried out, the APC is likely to dominate the north once again due to its popularity and strong performance in the region. It highlighted prominently the outstanding achievements of Tinubu when he was the governor…
Author: Victor Fola
The Central Bank of Nigeria (CBN) has said that it adhered to the necessary procedure in carrying out the ongoing naira redesign policy. It stated this in response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not privy to the policy from the CBN. The bank’s spokesman, Osita Nwanisobi, expressed shock at the minister’s claim, asserting that the CBN remains a very thorough institution that follows due process in its policy actions. He noted that in its process of following due procedures on the policy, it sought and obtained the approval…
Minister of Finance, Budget and National Planning , Zainab Ahmad has disapproved of the policy of the Central Bank of Nigeria (CBN) to redesign the Naira notes. The disapproval is coming barely 48 hours after the Governor of CBN Godwin Emefiele announced that the apex bank would redesign the country’s currency December 15, 2022. According to the minister, the policy, if implemented, would portend great consequences for the nation and its economy. Ahmad said this while responding to a question raised by Senator Opeyemi Bamidele (APC Ekiti Central) during 2023 budget defence session with the Senate Committee on Finance. “Just…
The Minister of Transportation, Mu’azu Sambo says that the Federal Government is set to generate 21 million full time jobs and lift 35 million people out of poverty by 2025. Sambo, in a statement by his Special Assistant on Media and Publicity, Dr Sam Idiagbonya, disclosed this on Friday at the ongoing 2022 Ministerial Retreat at Uyo, Akwa Ibom. According to him, the transportation sector is setting the stage for achieving the government’s commitment of lifting 100 million Nigerians out of poverty in 10 years. Sambo said infrastructural gaps that existed in the sector necessitated the development of the National…
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has welcomed the decision of CBN to redesign the naira notes According to Moghalu, the decision will have a positive impact on the economy in terms of gaining control over the circulation of money. The former CBN governor said this in a series of tweets on Friday. “I fully support the Central Bank’s redesign of the Naira,” he said. “If 80% of bank notes in circulation are outside the banks, that’s troubling. The CBN obviously wants to force all those notes back into the banking system. Those…
The Federal Government has disclosed that Warri refinery will start delivering fuel production before the first half of 2023. This was revealed in a statement issued by Femi Adeshina, the Special Adviser on Media and Publicity to the President. President Muhammadu Buhari expressed delight as he witnessed the signing of the Memorandum of Understanding, MoU, between Nigerian National Petroleum Company Ltd and Daewoo Group for the rehabilitation of the Kaduna refinery He noted that the group has invested in the country’s economy which helped to boost it. He said, “Daewoo Group has massive investments in the automobile, maritime, and other…
The Presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, has donated N20 million to the Catholic church in Benue. This was contained in a statement by Isaac Uzaan, Media aide to Rev. Hyacinth Alia, Benue APC governorship candidate at the Cathedral Church of St. Francis Otukpo. Tinubu rejoiced with the priests, religious, laity, and the entire members of the diocese on the joyous occasion. He added that the church had remained committed for 100 years to spread good news of salvation in the country. The former Governor of Lagos state also expressed optimism that with prayers and…
Nabila Fash, the wife of Nigerian musician, Oritsefemi Majemite Ekele, popularly known as Oritsefemi, has announced their marriage has packed up. In a live interview on Instagram with a famous Nigerian broadcaster and socialite, Ifedayo Olarinde popularly known as Daddy Freeze, Nabila revealed that she has decided to quit the marriage due to infidelity of the singer. She revealed that the singer had two daughters before their union, noting how she took the girls as her own daughters. Nabila stated that Oritsefemi had welcomed a baby with a fourth woman, while still married to her. On how she has been…
National Women’s Leader of the All Progressives Congress, APC, Dr Betta Edu says that women are confident of the capacity of the party’s presidential candidate, Bola Ahmed Tinubu and will go all out to deliver victory for him. Edu who is a former national chairman of commissioners for health in Nigeria expressed belief in the sagacity and pedigree of Tinubu and his running mate, Kashim Shettima, noting that women have the strength and population to deliver victory for the APC flagbearer. Speaking in Calabar, she said that the Cross River women and indeed all women in the country have resolved…
Lagos State Police Command, Ijora Badia Division, have arrested four suspects for stealing and dismantling vehicles for sale as spare parts The police spokesperson, Benjamin Hundyin confirmed the case, as he said the suspects: Alafia Afiwajuomo, Ganiyu Tajudeen, Olamilekan Hassan and Lucky Esomojumi, were arrested at Iganmu under bridge. Hyundai also said that the suspects were arrested, following an information received, on September 29 that a Toyota Camry was snatched at gunpoint from one Sandra (surname withheld) at Iganmu in Surulere, Lagos. He said, “The car was in the process of being dismantled before it was recovered by the police.…