Unchecked Borrowing May Force Nigeria Into Avoidable Bankruptcy – PDP Governors

Governors elected on the platform of the Peoples Democratic Party (PDP) on Monday raised an alarm over the rate at which the All Progressives Congress (APC) is borrowing money to fund projects in the country. This formed part of the resolutions reached at the end of the meeting of the PDP Governors’ Forum held in Uyo, the Akwa Ibom State capital. Read Full Story

Lai Mohammed demands Twitter, Facebook, Instagram must register in Nigeria

The Minister of Information and Culture, Lai Mohammed, has demanded that foreign social media platforms must register in Nigeria before they can operate in the country. He said Twitter must register as a business in Nigeria before its suspension is lifted. Read Full Story

Cross River: Commissioners, Special Advisers, other appointees abandon offices over Ayade’s defection

Commissioners, Special Advisers, Assistants, and other political appointees have abandoned their offices in Cross River State following the defection of Governor Ayade. Some staff working with some of the appointees said their bosses said they cannot work under Gov. Ayade/APC-led government. Read Full Story

Nigeria Must Decentralise Now or Risk Disintegration, Soyinka Warns

Prof. Wole Soyinka, yesterday stated that Nigeria cannot remain one country if it fails to decentralize as fast as possible, adding that analysts, retired generals, and others have maintained the same position. He urged President Muhammadu Buhari to be more sensitive to the agitations of secessionists rather than bully them. Read Full Story

There is no grazing routes in Benue, says Ortom

Benue State Governor Samuel Ortom has stated that there are no grazing routes in Benue as directed by President Muhammadu Buhari that all grazing routes should be opened. President Buhari spoke in Lagos during the handing over of vehicles to security agencies where he said that grazing routes across the country will be opened. Read Full Story

COVID-19 shortens Africa’s blood banks by 17%

The World Health Organisation (WHO) has said blood donation fell by 17 percent in Africa in the wake of the COVID-19 pandemic. The report also discovered that some seven million people needed blood transfusion yearly on the continent. Read Full Story

TB Joshua’s church announces his funeral arrangements, reveals he will be buried in the church premises

The T.B Joshua Ministries has released a statement disclosing his funeral arrangement. According to the statement, a week-long service of songs will be held from Monday, July 5 to July 11. The statement revealed that he will be buried at the premises of the Synagogue Church of All Nations Church in Lagos. Read Full Story

Naira tumbles by 51.95% despite CBN’s defence measures

According to a monthly document obtained from the CBN’s website, the value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 percent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currency. Read Full Story

Twitter ban: Nigeria loses N24.72bn in 10 days

Nigeria has lost N24.72bn ($60.14m) in 10 days to the Twitter ban that took effect on June 5. According to NetBlocks Cost of Shutdown Tool, Nigeria loses N102.9m ($250,600) every hour to the ban. Read Full Story

Oyo Debt Profile: We met nothing, owe N90bn, raised IGR to N2bn monthly— Makinde

Governor Seyi Makinde of Oyo State has said faulted insinuations that he embarked on a borrowing spree to fund projects, stating that his administration met nothing in the state coffers. According to Governor Makinde, he not only met nothing but inherited the $200 million Ibadan Urban Flood Management Project, IUFMP. Read Full Story