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Economy
FG partners AfDB on $617 creative and digital economy fund
The Federal Government says it has partnered with the African Development Bank (AfDB) to launch the $617 million Investment in Digital and Creative Enterprises (IDICE) fund. The Minister of Art, Culture, and CreativeEconomy, Hannatu Musawa, disclosed this in a press release on Friday in Abuja. According to the minister, the fund is poised to unleash unparalleled growth, with the potential…
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Economy
Plan to remit crude oil sales to CBN illegal – Atiku
Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has questioned President Bola Tinubu’s order granting the Central Bank of Nigeria authority over the earnings from the sale of crude oil by the Nigerian National Petroleum Corporation Limited. He pointed out that the CBN is not the only entity that must enforce the policy. Tinubu had, on Monday, directed…
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National News
Tinubu congratulates Dangote on awards of national order of the lion by Senegal
President Bola Tinubu has congratulated Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Group, on the award of the National Order of the Lion by President Macky Sall of Senegal. This was contained in a press statement by the Special Adviser to the President on Media and Publicity Ajuri Ngelale. The award is the highest order of Senegal…
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National News
Cost of eating healthy meal per adult rose to N786 in December 2023 – NBS
Nigeria’s average cost of a healthy diet (CoHD) per adult was N786 per day as of December 2023, according to the National Bureau of Statistics (NBS). The agency points out that this is an increase of 5.9 percent, or N44, over the N742 reported in November of last year. Adeyemi Adeniran, the Statistician-General/CEO said this on Wednesday at the launch…
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Politics
Agada remains Benue APC chairman as NWC nullifies suspension
The ruling All Progressive Congress (APC) says Augustine Agada, remains the member, and the Chairman of the Benue State Chapter, of the state Party. Felix Morka, the APC national publicity Secretary, in a statement he signed on Wednesday said that the Party has directed that Agada’s suspension and all related actions in the matter be, set aside pending further review…
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News from States
Tinubu to inaugurate Abuja light rail on May 29 – Wike
Minister for the Federal Capital Territory, Nyesom Wike, has expressed satisfaction with the project’s current pace for the completion of the light rail in Abuja. He also assured that the May 29 deadline for its completion remains untouchable. The minister said this on Wednesday,, following an inspection of the work being done on the access roads leading from the Metro…
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National News
Tinubu asks security operatives to rescue kidnapped pupils in Ekiti
President Bola Tinubu has directed the armed forces to free the students who were abducted in Ekiti State. The president also pledged that those responsible for the deaths of two Ekiti traditional rulers would face consequences. Six students from Apostolic Faith School, three teachers, and a driver were reportedly abducted by gunmen on Monday in Eporo-Ekiti. Also two monarchs who…
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Economy
Group applauds Tinubu on removal of fuel subsidy
A civil society organisation, Independent media and Policy Initiative, has applauded President Bola Tinubu over his decision to remove the petrol subsidy. President Tinubu announced the withdrawal of subsidies in his inaugural speech on Monday, saying that the past administration did not make provision for such in the 2023 appropriation act. The announcement, however, came after a severe fuel shortage…
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National News
Atiku’s statement on insecurity reckless – Presidency
Special Adviser to the President on Information and Strategy, Bayo Onanuga, has called out a former presidential candidate of the opposition Peoples Democratic Party PDP over his comments made against the administration on matters involving insecurity and the economy in the country. Onanuga, in a statement, described Atiku’s comment as reckless and fell short of what is expected from an…
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National News
BREAKING: FG inaugurates 37-man tripartite committee on minimum wage
The Federal Government has inaugurated a 37-man Tripartite Committee on National Minimum Wage with a mandate to recommend a new National Minimum Wage for the Country. Vice President Kashim Shettima presided over the inaugural ceremony at the council chambers at the presidential villa in Abuja. Shettima inaugurating the committee, charged the members to consider the hardship caused by the removal…
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