FG exceeds loan target by N1.12tn, borrows N5.3tn
• Experts warn Buhari, propose revenue drive • FG’s recurrent rise 217% to N8tn The Federal Government exceeded its borrowing by N1.15tn for the period between January and August 2022, The PUNCH has learnt. A copy of the public presentation of the 2023 proposed budget by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, showed that the Federal...
Davido and Chioma’s son, Ifeanyi dead
Emotions have been high over the rumored death of Ifeanyi Adeleke, son of popular music artiste, Davido, and his fiancée, Chioma Rowland. Details of the circumstances surrounding Ifeanyi’s death were still sketchy as of the time of filing this report. However, unconfirmed reports hinted that Davido’s first son drowned in a swimming pool at his residence in the Banana Island area...
UK, US terror alert unneeded, situation not so bad — NSA
The Federal Government said yesterday that the security situation in the country was not that dire to warrant the travel advisory issued by the United States and United Kingdom governments as well as other foreign missions. *Says citizens not in danger, situation under control ABUJA — The Federal Government said yesterday that the security situation in the country was not that dire...
Gas flaring: FG targets $1bn revenue from sale of 50 gas clusters —Investigation
Expects additional $100m yearly income THE Federal Government has concluded plans to sell 50 gas-flaring clusters in the Niger Delta, under the Nigerian Gas Flare Commercialisation Programme, NGFCP, thus generating $1 billion as revenue. The programme, which is in line with the Petroleum Industry Act, PIA, would also generate between $80 million and $100 million per annum from sales of flared...
