FG pays N16.67bn accrued pension rights to 2021 retirees
The Federal Government on Wednesday released N16.67 billion for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies (MDAs). This is contained in a statement signed by the Head, Corporate Communications Department, National Pension Commission (PenCom), Mr. Peter Aghahowa, and made available to newsmen in Lagos. Aghahowa said that the federal government had earlier settled...
Assembly raises Lagos budget by N378bn, passes N1.758trn for 2022
The Lagos State House of Assembly on Wednesday evening passed the Y2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion. The budget was passed at a sitting presided over by the Speaker of the House, Rt. Hon. Mudashiru Obasa, after a presentation of the report by Hon. Gbolahan Yishawu, chairman...
Ronaldo statue causes controversy in India
A new statue of footballing superstar Cristiano Ronaldo has sparked controversy in the Indian state of Goa. Locals in Goa are objecting to a Portuguese footballer being honoured instead of a player from India. Michael Lobo, a minister in the Goa state government, tweeted that the statue had been supposed to promote football as a sport and inspire young people to...
2022 TEF: $5,000 grant, mentorship, training application opens
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs across all 54 African countries, has opened applications for the 2022 TEF Entrepreneurship Programme on www.TEFConnect.com. African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5,000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship Programme Since...
INEC accredits 51 observer groups for FCT council elections
The Independent National Electoral Commission (INEC) has accredited 51 observer groups for the Federal Capital Territory (FCT) Area Council elections, scheduled for February 12, 2022. The commission, in its daily bulletin issued on Wednesday in Abuja, disclosed that the approved list comprised 50 domestic organisations and one international organisation. According to the bulletin, accredited local organisations include Advocacy for Quality Leadership...
Investors lose N238bn as NGX resumes after Christmas break
The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit taking. Specifically, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08 per cent to close at N21.822 trillion. Also, the All-Share Index inched lower by 455.75 points or 1.08 per cent to close at 41,807.10 against...
Jose Peseiro is new Super Eagles’ head coach
The Nigeria Football Federation (NFF) on Wednesday announced the appointment of Jose Peseiro as the new Head Coach of the Super Eagles. The NFF Executive Committee endorsed the proposal for the appointment of Peseiro at a virtual meeting held on Wednesday to deliberate on important issues in Nigerian football. The 61-year-old former Portuguese player had coached the National Team of Venezuela,...
Abductors of Plateau monarch demand N500m ransom – GOC
Abductors of the Paramount Ruler of Gindri in Mangu Local Government Area of Plateau State, Sum Pyem, Mr. Charles Mato, have demanded N500 million ransom. Commander of Operation Safe Haven (OPSH), Maj.-Gen. Ibrahim Ali, made the disclosure when officials of Correspondents Chapel of Plateau Council of Nigerian Union of Journalists visited him on Wednesday in Jos. Gunmen had on December 26...
Kaduna allocates N6bn to upgrade, equip General Hospitals in 2022
The Kaduna State Government has earmarked N6 billion for the upgrading and equipping of General Hospitals across the state in 2022. This is contained in the 2022 budget of N278.6 billion signed into law by Governor Nasir El-Rufai on Dec. 22. In the document, N15.7 billion was earmarked for the Ministry of Health as capital expenditure out of which N7.4 billion...
Nigeria’s survival depends on agriculture, manufacturing – Buhari
President Muhammadu Buhari on Wednesday declared that Nigeria’s survival depends on agriculture and manufacturing. Already, the President has given an assurance that the Federal Government will take appropriate measures to improve access to foreign exchange for importation of raw materials and machines that are not available locally. Buhari spoke on Wednesday in Abuja during an advocacy visit of the leadership of...
