Citing the recent economic reforms of President Bola Tinubu, international rating agency, Standard and Poor’s (S&P) has raised Nigeria’s credit outlook from negative to stable. In a statement released on Friday, S&P said it has affirmed Nigeria with a ‘B-/B’ rating. “S&P Global Ratings revised the outlook on Nigeria to stable from negative. At the same time, we affirmed our ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on Nigeria,” the statement reads. “We also raised our long- and short-term Nigeria national scale ratings to ‘ngBBB+/ngA-2’ from ‘ngBBB-/ngA-3’. “The higher national scale rating reflects the improving reform…
Author: Victor Fola
In a startling turn of events, Gbadebo Rhodes-Vivour, the Labour Party Gubernatorial Candidate for Lagos state in the recently concluded election, has backed the coup in Niger Republic. Rhodes-Vivour took to Twitter on Friday to describe the couple as a movement that “unites around a common interest.” This disregard for the principles of democracy came as a shock to many, particularly considering Rhodes-Vivour’s position as a candidate in a democratic process. Coming with the backlash were allegations that Rhodes-Vivour sourced his supporting video from propaganda accounts originating from Russia and Niger Republic. It will be recalled GRV had in the…
There is a strain in the relationship between Governor Godwin Obaseki and Deputy Governor Comrade Philip Shaibu. Sources reveal that the series of alleged dehumanization and humiliation Shaibu faced at the hands of his superior began when a viral video emerged, capturing him alongside Senator Adams Oshiomole during the National Assembly’s inauguration in Abuja. Moreover, insiders report that in an irregular move, Governor Obaseki called for a meeting at his residence specifically for members of the Edo State House of Assembly belonging to the PDP, deliberately excluding his deputy. Soon after receiving word of the gathering, Shaibu drove directly to…
President Bola Tinubu has replaced a ministerial nominee, Maryam Shetty, selecting two others, including Festus Keyamo and Dr Maigari Mahmud. This was made known when Senate President Godswill Akpabio read out a letter by the President at Friday’s plenary session. Details later…
President Bola Tinubu says the policies of his administration are in the best interest of Nigerians and not to punish people. Tinubu said this in an address at the 12th National Executive Committee (NEC) meeting of the All Progressives Congress (APC) on Thursday in Abuja. “We must find a way to satisfy the yearnings of the common man and we must ensure that all the policies we roll out work for the common man. “Our policies are for the people not to punish the people,” Tinubu said. He congratulated Senate President, Godswill Akpabio, the Speaker and the entire National Assembly…
The newly-elected chairman of the All Progressives Congress (APC), Abdullahi Ganduje has assured that his leadership will ensure internal democracy and unity within the ruling party. Recall that the national executive committee (NEC) of the APC on Thursday elected Ganduje, former governor of Kano, as national chairman and Ajibola Basiru, former senate spokesperson, as secretary. In his acceptance speech, the former governor said his focus is to promote unity and carry out reforms in the party. “With boundless gratitude for the confidence placed in me by leaders and members of our party, and with an unswerving resolve to honour that…
President Bola Ahmed Tinubu has taken a swift action by dispatching a high-powered delegation led by General Abdulsalami Abubakar (Rtd), the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, and the President of ECOWAS Commission, H.E. Omar Alieu Touray to Niamey, the capital of Niger to urgently address its prevailing political impasse. Tasked with the responsibility of finding swift solutions, this prestigious group includes General Abdulsalami Abubakar (Rtd), a seasoned statesman, the highly respected Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, and the President of ECOWAS Commission, H.E. Omar Alieu Touray. This intervention demonstrates President Tinubu’s commitment to swiftly…
The National Executive Committee NEC of the ruling All Progressives Congress APC has confirmed the appointment of Dr Abdullahi Ganduje as National Chairman of the party and Senator Basiru Ajibola as National Secretary. NEC ratiifed their appointment at its 12th meeting held Thursday in Abuja. Details to follow…
President Bola Tinubu on Wednesday submitted an additional 19 ministerial nominees to the Senate, causing a stir among stakeholders. Among the nominees, one name stood out for Nigeria’s tech ecosystem – Bosun Tijani, the CEO and co-founder of CcHub, a highly influential incubator on the continent. Tijani’s inclusion on the list signifies his potential nomination for the esteemed role of Minister of Communications and Digital Economy, making him the sole representative from within Nigeria’s tech ecosystem. In a departure from the norm of appointing civil servants and career politicians to such positions, this nomination marks a significant step towards recognizing…
In a remarkable effort to foster the participation of women and young people in the government, President Bola Tinubu has appointed Maryam Shetty, an unwavering advocate of the All Progressive Congress (APC), to a key position. Dr. Shetty’s appointment comes with high expectations as she is seen as a prominent voice that will effectively represent women and young individuals within the Federal Executive Council. Starting her educational journey in Kano, Ms. Shettima laid the groundwork for her profession by pursuing her studies at the School of Physiotherapy in BUK, where she excelled and earned a distinguished BSc degree. Her early…