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Apr
08
2022
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2022 budget deficit jumps to N7.35tn, Buhari to borrow N965bn

2022 budget deficit jumps to N7.35tn, Buhari to borrow N965bn

Economy, Metro, Politics, , , , ,
• President writes Reps, seeks amendment to 2022 Fiscal Framework The President, Major General Muhammadu Buhari (retd.), has written a letter to the House of Representatives, informing the parliament that the deficit in the 2022 Appropriation Act has risen by N965.42bn to N7.35tn. Consequently, the President said the Federal Government would borrow funds to fill the gap. Buhari, therefore, called for an amendment to the Federal Government’s budget and the fiscal framework for 2022.https://imasdk.googleapis.com/js/core/bridge3.509.0_en.html#goog_877067980 Speaker of the House, Femi Gbajabiamila, read out the cover letter on the executive bill, titled, ‘Submission of the Revised 2022 Fiscal Framework’, and dated April…
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Apr
08
2022
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Ukraine: Latest developments as EU, G7 hit Russia with new sanctions

Ukraine: Latest developments as EU, G7 hit Russia with new sanctions

Politics, , , , ,
As the Russia-Ukrainian war continues unabated with the fallout in talks between both countries, the European Union and G7 nations have imposed new sanctions on Russia, with Moscow facing criticism from several nations and global bodies. – New EU, G7 sanctions – The European Union approves an embargo on Russian coal — the first time the bloc has targeted the energy sector, on which they are heavily dependent — and the closing of its ports to Russian vessels. Earlier, leaders of the G7 biggest economies agree to ban “new investments in key sectors of the Russian economy, including the energy…
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Apr
08
2022
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National Assembly fights Malami back, appeals Electoral Act judgment

National Assembly fights Malami back, appeals Electoral Act judgment

Politics, , , , , , ,
The National Assembly has begun moves to thwart the actions of some members of the federal executive who are bent on removing  Section 84(12) from the Electoral Act 2022. The PUNCH on Thursday gathered that the nation’s apex legislature had started the process of appealing the judgment of a Federal High Court, Umuahia, Abia State, which removed Section 84(12) from the Electoral Act. Section 84(12) of the Electoral Act bars all political appointees including ministers, commissioners and aides from contesting or voting in any party primary. Some members of the executive, including the Minister of Justice and Attorney General of the…
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Apr
08
2022
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Nigeria, others at high risk of debt distress, IMF warns

Nigeria, others at high risk of debt distress, IMF warns

Economy, Politics, , , ,
Nigeria and 72 other countries are at high risk of debt distress or already in debt distress, according to a new report by the International Monetary Fund, IMF The report, titled “Restructuring debt of poorer nations requires more efficient coordination,” noted that low-income countries face fewer debt challenges today than they did 25 years ago, thanks in particular to the Heavily Indebted Poor Countries initiative, which slashed unmanageable debt burdens across sub-Saharan Africa and other regions. The report noted that although debt ratios were lower than in the mid-1990s, the debts have been creeping up for the past decade and…
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Apr
07
2022
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Dr Charles Mba, CDV Properties, a definition of Pedigree, True indefatigability

Dr Charles Mba, CDV Properties, a definition of Pedigree, True indefatigability

Politics, , , , ,
In the proven evolution of humankind, in the historical annals of every society, there always is the natural rule defining correct procedure or behaviour, with the propensity to evenly distribute special humans with special assignments to influence, project, enhance and harness human existence with the sole purpose of making the world a better place for all. These rare gems are always imbued with unquestionable pedigree and dependable charisma to guarantee phenomenal existence that will drive progress.. Their most indefatigable nature is always unparalleled. Therefore, It will not be out of place to say that Chief Dr Ndubuisi Charles Mba “Ihe…
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Apr
07
2022
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Prince Ike Okorafor Picks APGA Nomination For House Of Assembly.

Prince Ike Okorafor Picks APGA Nomination For House Of Assembly.

Abia State, Metro, Politics, , , , , ,
A frontline Aspirant, Prince Ike Okorafor, has today Thursday, April 7, 2022, picked his Nomination and Expression of Interest forms to contest for the 2023 House of Assembly seat for Arochukwu State Constituency, at the Abia State House of Assembly under the platform of the All Progressives Grand Alliance, APGA. Speaking at the National Headquarters of the Party in Abuja, Prince Ike Okorafor assured of his preparedness to offer dividends of democracy and quality representation to the good people of Arochukwu LGA. He urged his supporters and the good people of his constituents to rally round and give him all…
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Apr
06
2022
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Nuno Visits Portuguese Prime Minister to strengthen Bilateral Relationship

Nuno Visits Portuguese Prime Minister to strengthen Bilateral Relationship

Politics, , , ,
By Comr Amos Kalu The Prime Minister of the Republic of Guinea Bissau, His Excellency,  Nuno Gomes Nabiam has paid an official visit to his Portuguese counterpart and Prime Minister, His Excellency, António Costa, in a bid to strengthen the bilateral relationship that has existed between the two countries for many years. Since he emerged as the Prime Minister of the promising West African Nation, Guinea Bissau, Nuno Nabiam has made it sacrosanct to build bilateral relationships with many countries as it is the only bedrock to advancing the economic,  social and political development of his nation through viable engagement…
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Apr
06
2022
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Southern Nigeria’s Fate In 2023, A Call For Regional Unity.

Southern Nigeria’s Fate In 2023, A Call For Regional Unity.

Politics, , , , , , ,
Unity as popularly believed is a force difficult to suppress especially where this unity is hatched and built on a solid cemented foundation. Solidarity is a by-product of unity whose strength and capacity always remain indestructible in the face of contests for power. The 2023 general election is fast approaching and the People's Democratic Party( PDP ) is making every necessary plan to ensure she succeeds in clinching power at the centre following the conduct of the Presidential election next year. Be that as it may, we keep clamouring for zoning and equity but the situation at hand demands that…
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Apr
05
2022
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Ebin Kalu Making Inroad, Reaches Ohafia South PDP Primary Election Delegates

Ebin Kalu Making Inroad, Reaches Ohafia South PDP Primary Election Delegates

Abia North, Abia State, Metro, Politics, , , , , , ,
Ahead of the People Democratic Party's Primary Elections that will happen to ensure the election of all the party's flag bearers at every elective position in Abia State come 2023, a major contender to represent Ohafia South State Constituency, Hon Ebin Kalu Orji (Popularly Known as Chief Obia Kalu) has consulted with the PDP delegates for support. In a well-constituted meeting with the delegates, he expressed delight at the overwhelming support he has so far enjoyed from the party members and appealed to the delegates to extend the same to him to enable him to win the primary election as…
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Apr
05
2022
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#Ekweremekwe: As I Formally Declare To Contest In 2023 Abia Governorship Election

#Ekweremekwe: As I Formally Declare To Contest In 2023 Abia Governorship Election

Abia State, Politics, , , ,
Following due consultations with relevant stakeholders, traditional leaders, the downtrodden and entire good people of Ndi Abia and further empowered by a support group under the auspices of Concerned Friends of Mayor Lucky Igbokwe led by the deputy chief whip of the Abia State House of Assembly, Right Honourable Kaycee Onuzuruike and youth leader, Hon. Okechi Utah, who out of their goodwill, purchased the expression of interest and nomination forms for me, I hereby formally inform you, of my wish to contest the 2023 governorship election on the platform of the Peoples Democratic Party (PDP). My decision to run is…
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