Ebonyi State Governor Francis Nwifuru on Tuesday presented a proposed budget of ₦884,868,327,429.95 for the 2026 fiscal year to the State House of Assembly. The proposed budget allocates ₦135,376,004,846.72 for recurrent expenditure, while capital expenditure is set at ₦749,492,322,583.22. Governor Nwifuru noted that the 2026 budget represents a 64.88 per cent increase over the current …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said 16 banks have successfully met the recapitalisation requirements. He hinted at this while briefing newsmen at the 303rd Monetary Policy Committee (MPC) meeting, which concluded on Tuesday, November 25. According to the CBN governor, the Committee noted with satisfaction the sustained resilience of …
A long-dormant volcano in Ethiopia’s Afar region erupted on Sunday, sending massive ash plumes into the sky and spreading dust across nearby communities. The Hayli Gubbi volcano, believed to have been inactive for nearly 12,000 years, spewed ash up to 14 kilometres high. The plume drifted across the Red Sea toward Yemen and Oman, according …
Tanzania has cancelled its Independence Day celebrations scheduled for December 9 following mounting calls for nationwide protests over mass killings linked to last month’s disputed general elections. Prime Minister Mwigulu Nchemba announced the decision on Monday, saying funds earmarked for the national event would be redirected to repairing infrastructure damaged during the post-election unrest. The …
The Nigerian National Petroleum Company (NNPC) Limited has announced a fresh deadline of mid-2026 for selecting technical partners to manage the operations and maintenance of the country's state-owned refineries after their ongoing rehabilitation is completed. This move is a critical step in the long-delayed and costly effort to revive Nigeria's moribund refineries and achieve energy …
The Central Bank of Nigeria (CBN) on Tuesday decided to hold the benchmark interest rate, known as the monetary policy rate (MPR), at 27 per cent to rein in inflation. The apex bank took the decision at its 303rd Monetary Policy Committee (MPC) meeting, which concluded on Tuesday, November 25. Briefing newsmen after the 2-day …
The Lagos State chapter of the All Progressives Congress (APC), has thrown its weight behind the call by Southwest governors urging President Bola Tinubu to fast-track the creation of State Police as insecurity resurges in parts of the country. Spokesman of the Lagos APC, Mogaji Seye Oladejo, described the position of the governors as “timely, …
Renowned Islamic scholar, Sheikh Ahmad Gumi, says he would advocate a pardon for the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, if the separatist leader demonstrates genuine remorse. Gumi made the remark on Tuesday during an appearance on The Morning Brief, a Channels Television breakfast programme. His comments come a week …
Cameroonian opposition politician Issa Tchiroma Bakary has taken refuge in The Gambia after fleeing his country over safety concerns following the disputed 12 October presidential election. The Gambian government confirmed that Tchiroma Bakary, who insists he won the election, arrived in the country on 7 November and was allowed entry on humanitarian grounds. Tchiroma Bakary …
The Securities and Exchange Commission has urged financial sector stakeholders to maintain a culture of compliance to safeguard Nigeria’s position in the global financial system, cautioning that the country's exit from the Financial Action Task Force (FATF) grey list should not be seen as the end of the journey. The SEC Director-General, Emomotimi Agama, gave …
