News

Wike, Ozekhome, Sani were involved in a heated debate regarding the progress of democracy in Nigeria

In a lively exchange of views at the “25 Years of Unbroken Democracy” lecture and awards event in Abuja on Thursday, Federal Capital Territory (FCT) Minister, Nyesom Wike, disagreed with human rights activist Mike Ozekhome and Senator Shehu Sani on Nigeria’s democratic progress and current realities. Ozekhome, the guest lecturer, criticized the democratic system in the country, stating: “Of course, …

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Biden’s debate performance sets alarm bells ringing for Democrats

President Joe Biden’s debate performance has set off alarm bells among top Democrats, leaving some openly wondering whether Biden can remain atop the Democratic ticket. “He seemed a little disoriented. He got stronger as the debate went on. But by that point, I think the panic had already set in,” said David Axelrod, a Democratic incumbent and senior CNN political …

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Top 10 stories from across Nigerian Newspapers, Friday, June 28, 2024

Here are the top 10 stories making headlines across the country. 1. Representatives extend the deadline for implementing the 2023 budget to December The House of Representatives on Thursday passed two bills extending the implementation of the Budget Act of 2023 and the Supplemental Budget Act of 2023 until December. Read more 2. No request for new aircraft approval from …

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Lookman won the player of the season award twice in a row

Super Eagles winger Ademola Lookman has once again been named Atalanta’s Player of the Season, marking the second consecutive year he has received this award. The 26-year-old has enjoyed a superb season in both Serie A and European competition, playing a key role in Atalanta’s impressive campaign in the UEFA Europa League. Lookman’s form culminated in scoring three goals in …

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PwC warns Tinubu’s economic policies could lead to declining living standards and increasing poverty

PricewaterhouseCoopers (PwC), a multinational consulting firm, says various reforms initiated by President Bola Tinubu’s government have hurt businesses and households due to shocks such as inflation, naira devaluation and rising interest rates. The company stated this in its recently released Economic Outlook for June 2024. However, they project the economy will grow by 2.9% this year. President Tinubu has initiated …

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Treasury bonds generated N284.2 billion in revenue for the Nigerian government from yield-hungry investors.

The latest Treasury Bill (TBI) auction held on Wednesday raised N284.26 billion from the Federal Government from investors hungry for returns. The Debt Management Office (DMO) announced the auction results on Thursday. The auction attracted significant investor interest with total subscription of N773.98 billion exceeding the total bid of N228.72 billion. As an instrument for implementing monetary policy, the Central …

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Judge’s absence halts MTN Nigeria CEO’s copyright infringement trial

The absence of Justice Inyang Ekwo on Thursday halted the trial of the Managing Director of MTN Nigeria Communications Limited, Mr. Karl Toriola, and others for alleged copyright infringement at the Federal High Court, Abuja. The trial was postponed until September 26 so that the defendants can present their defense. Other defendants in the indictment are MTN Nigeria Communications Limited, …

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NGX: Seplat, CUTIX lead gains as investors rake in N6.2bn

For the second straight day, the Nigerian equity market maintained its positive movement as investors made profits of N6.2 billion at the close of trading on Thursday. This follows the growth in share prices of SEPLAT, CUTIX, and LASACO among others on the trading floor today. After five hours of trading on the capital market, equity capitalization rose to N56.2 …

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