Nigeria

10th Assembly: APC North Central Chieftains Insist Speakership Position

2 years ago676 min

The North Central All Progressives Congress (APC) chieftains have insisted that the zone produce the Speaker of the 10th Assembly. The North-Central zone chieftains of the APC Equity and Justice Forum have condemned the zoning template approved by the party’s National Working Committee (NWC) on Monday. Last week, the party’s National Working Committee (NWC) upheld the National Caucus’ zoning of the seat of Speaker of the 10th National Assembly to the North West, with Honourable...

by Probitas

News Nigeria Politics

10th NASS: I’m Committed To Help Tinubu Succeed In Office – Akpabio

2 years ago1223 min

Senator Godswill Akpabio, former Governor of Akwa Ibom State, has stated his commitment to assisting President-elect Bola Tinubu in his new role. According to reports, the aspirant for Senate President made the promise when he met with a group of young professionals led by Senator Akpabio Vanguard on Thursday in Abuja. Akpabio stated that he is willing to assist Tinubu in developing good policies for the country’s development as well as laws that will have...

by Probitas

News Nigeria Politics

Tinubu inauguration: Buhari Relocates to Glass House

2 years ago883 min

Preparations for the inauguration of President-elect Bola Tinubu are in high gear, as President Muhammadu Buhari has moved into the Glass House at the Presidential Villa in Abuja. The iconic residence is said to have served as a transitional abode for the outgoing president and their spouse during the handover period. The Glass House has also traditionally played an important role in power transitions, serving as a symbolic and practical space for the outgoing president...

by Probitas

News Nigeria

Nigeria’s monthly debt servicing hits $112.35m

2 years ago654 min

According to the Central Bank of Nigeria (CBN), the Federal Government spent $112.35 million servicing external debt in January 2023. According to the CBN’s Weekly International Payments data, the amount spent in January was 146.17 percent higher than the $45.64m spent in December 2022. This occurred as the federal government struggled to increase its revenue base despite its revenue generation efforts. In January 2023, the Federation Account Allocation Committee distributed N750.17 billion among the three...

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News Nigeria Politics

Allow Senators-elect to exercise their constitutional rights – Group

2 years ago749 min

The 10th Senate’s presidential election is a constitutional matter, according to the Amalgamated All Progressives Congress (APC) Support Groups, and senators-elect must be permitted to exercise their constitutional right to vote for the leaders of their choice. Dr. Kailani Muhammad, the organization’s director general, made this statement on Wednesday in Abuja during a news conference about the problems with the election of the 10th Senate President. The endorsement of Sen. Godswill Akpabio as the APC’s...

by Probitas

Business & Economy News Nigeria

CBN prohibits foreign banks’ rep offices from engaging in banking activities

2 years ago1084 min

According to the Central Bank of Nigeria (CBN), foreign banks’ representative offices in Nigeria are not permitted to engage in various financial-related services, including those classified as banking businesses in Nigeria. This was stated in a circular sent to all banks and Other Financial Institutions (OFIs) outlining the financial requirements for licensing representative offices, which include an N5 million non-refundable application fee and an N10 million non-refundable licensing fee. An approved representative office of a...

by Probitas

Metro News Nigeria

Whiskey Mistress reiterates commitment to promote Nigeria’s rich heritage

2 years ago6543 min

Adenike Isi Adeeko, the founder of Whiskey Mistress, has reiterated the organization’s commitment to ensuring the robust promotion of Nigeria’s rich heritage. Adeeko, who expressed delight in Nigeria’s diverse rich culture and warm hospitality, stated that Whiskey Mistress will continue to rely on these values to meet its customers’ needs. Adeeko stated this in a statement made available to journalists in Abuja yesterday. According to her, the organization is dedicated to providing the highest level...

by Probitas

News Nigeria Politics

10th NASS leadership: Crisis hit APC over zoning of positions of Senate President, Speaker

2 years ago14525 min

The All Progressives Congress, APC, zoning crisis has taken a new turn, with stakeholders singing discordant tunes as the various zones make new demands on the party hierarchy. On Monday, the APC National Working Committee, NWC, zoned the Senate Presidency of the upcoming 10th National Assembly to the South-South and the House Speakership to the North-West. The Deputy Senate Presidency was also zoned to the north-west, and the Deputy Speakership to the southeast. The party...

by Probitas

News Nigeria

Breaking: Transcorp Group names as preferred bidder for Abuja DisCo

2 years ago6163 min

The preferred bidder for the Abuja Electricity Distribution Company has been identified as Transcorp Group. Prof. Yemi Osinbajo, Nigeria’s Vice President, made the announcement while inaugurating the Afam Power Plant in Rivers State. “A major breakthrough in our privatization process, which, as you know, began in 2005-2006, was and continues to be insufficient of private investments and real cash injections,” he said. “From the beginning, an indigenous firm such as Transcorp Power and Heirs Holding...

by Probitas

News Nigeria Politics

10th NASS: APC disappoints Betara, Doguwa, Kalu, Musa

2 years ago64114 min

The ruling All Progressives Congress (APC) confirmed the previously reported zoning arrangement on Monday, with the party settling on a former governor of Akwa Ibom state, Senator Goodwill Akpabio, as the next Senate President and Senator Jubril Barau as Deputy Senate President. In addition, the party named Abbas Tajudeen as the next Speaker of the House of Representatives and Benjamin Kalu as the next Deputy Speaker. Sen. Orji Uzor Kalu, Sen. Osita Izunaso, Senator Musa...

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