US thwarted plot to kill Sikh separatist in America
United States authorities thwarted a plot to kill a Sikh separatist in the United States and issued a warning to India over concerns the government in New Delhi was involved, a senior Biden administration official said. The U.S. is treating the plot with utmost seriousness and has raised the issue with the Indian government “at […]
FG slashes wage by N100bn, Labour kicks
Labour unions, on Wednesday, lambasted the Federal Government for slashing the supplementary budgetary allocation for wage awards to federal civil servants by N100bn, warning that this was not the agreement they had with the government. Data obtained from the newly Revised 2023 Supplementary Budget, indicated that the government swapped the controversial N5bn presidential yacht votes […]
Fresh Naira scarcity hits Kano, Sokoto, Edo, others
Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country. A survey by The PUNCH, on Wednesday, confirmed scarcity in some parts of Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti States. Many bank customers and Point of Sales operators, […]
Senate passes MTEF, to probe tax waivers under Buhari
The Senate has resolved to probe all tax waivers by the Federal Government from 2015 to date, just as it sought cancellation of those not directly linked to non-governmental or non-profit organisations. The Senate also ordered the deregistration of all subsidiaries to the Nigeria Postal Service, being irregular and illegal identities and called for an […]
Eni suspends World Bank arbitration in Nigeria oilfield dispute
Italian oil company Eni (ENI.MI) has temporary halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss the conversion of a licence from prospecting to one for production, sources with direct knowledge of the matter told Reuters. Eni confirmed the suspension of the arbitration at the World Bank’s dispute settlement body regarding the […]
Service extension: FG owes 600 teachers 23-month arrears
No fewer than 600 teachers in the federal civil service, precisely under the Federal Ministry of Education and the Federal Ministry of Defence, who benefited from the Federal Government service elongation package for teachers, are currently being owed 23 months salaries, investigations by The PUNCH revealed on Sunday. The PUNCH reports that service elongation for teachers was introduced […]
Joseph Boakai elected president of Liberia, final results show
MONROVIA, Nov 20 (Reuters) – Joseph Boakai has been elected president of Liberia with 50.64% of the vote, beating President George Weah who got 49.36%, according to final results announced by the election commission on Monday.
Scholz pledges greater investment in Africa’s green energy sector
Germany will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said on Monday, noting these could in turn help Europe’s largest economy achieve its own transition to carbon neutrality. Germany will need to import large quantities of green hydrogen going forward, including from Africa, if it is to […]
Nigeria Sliding Into One-Party State, Atiku Warns
Nigeria’s former Vice President Atiku Abubakar has warned against the likelihood of Nigeria slipping to becoming a one-party state. Atiku made the remarks when he hosted the national executive committee of the Inter-Party Advisory Council Nigeria (IPAC) yesterday in Abuja. “The project of protecting democracy in our country is not about just one man. You […]
IMF board approves $178 mln loan to Malawi
The International Monetary Fund’s executive board has approved a loan of about $178 million for Malawi, with an immediate disbursement of about $35 million, the IMF said in a statement on Wednesday. Malawian authorities reached a staff-level agreement with the fund on the four-year Extended Credit Facility in September. Earlier this month Malawi devalued its […]
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