FGN

Fitch Upgrades Nigeria’s Credit Rating To Stable, Cites Confidence In Tinubu’s Reforms

Fitch Upgrades Nigeria’s Credit Rating To Stable, Cites Confidence In Tinubu’s Reforms

Fitch Upgrades Nigeria’s Credit Rating To Stable, Cites Confidence In Tinubu’s Reforms Fitch, a global rating agency, has reviewed Nigeria’s long-term foreign-currency issuer default rating (IDR) from negative to stable. IDR is an entity’s relative vulnerability to default (including by way of a distressed debt exchange) on financial obligations. In a statement on Friday, the agency said Nigeria’s outlook was revised to B’, from ‘B-‘. “The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end…
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Ikenna Ukwa Fetes Dr. Ononogbu On His Appointment As Board Chairman Of National Parks Headquarters

Ikenna Ukwa Fetes Dr. Ononogbu On His Appointment As Board Chairman Of National Parks Headquarters

IKENNA UKWA FETES DR ONONOGBU ON HIS APPOINTMENT AS BOARD CHAIRMAN OF NATIONAL PARKS HEADQUARTERS The Senior Legislative Aide to the Senate President of Nigeria, Hon Dr Ikenna Nicolas Ukwa has joined APC faithful and well meaning Nigerians to congratulate the All Progressives Congress, APC Chairman of Abia State, Dr. Kingsley Ononogbu on his appointment as Board Chairman of the National Parks Headquarters by President Asiwaju Bola Ahmed Tinubu . Chief Ikenna Ukwa in his congratulatory message commends Dr. Ononogbu's outstanding contributions to the APC and his deep understanding of the party's vision and ideals. He extol the leadership insight…
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Nigeria Not Affected In Saudi Visa Ban – FGN

Nigeria Not Affected In Saudi Visa Ban – FGN

Nigeria Not Affected In Saudi Visa Ban – FG Nigeria is not on the list of countries facing an entry ban into Saudi Arabia from April 13, Foreign Affairs Minister Yusuf Tuggar has clarified. Tuggar said in a statement by his Special Assistant on Media and Communications Strategy, Alkasim Abdulkadir, that Saudi authorities officially confirmed yesterday that a viral memo suggesting Nigeria’s inclusion in the list was false. He described the document, which named Nigeria, Egypt, Tunisia, Morocco. India, Pakistan and seven others as the affected countries, as misleading and inaccurate. “The Saudi Tourism Centre confirmed no such directive exists.…
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Ndume Knocks Tinubu Over Lopsided Federal Appointments

Ndume Knocks Tinubu Over Lopsided Federal Appointments

Ndume Knocks Tinubu Over Lopsided Federal Appointments Ali Ndume, senator representing Borno south, has criticised President Bola Tinubu for his political appointments. The legislator described the appointments as violations of the constitutional provision for federal character. Speaking on Arise TV’s Prime Time on Monday, Ndume said Tinubu’s appointments have not reflected the diversity mandated by section 14(3) of the 1999 constitution. “The figures are there. You can look at the figures. I sent you one. I sent you figures. It’s not that I’m just making accusations,” Ndume said. “And it’s not that I’m saying, well, the president has no right…
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Ikpeazu, Ugwuanyi, Shehu Sani, Omokri, Others Make Ambassadors’ List

Ikpeazu, Ugwuanyi, Shehu Sani, Omokri, Others Make Ambassadors’ List

Ikpeazu, Ugwuanyi, Shehu Sani, Omokri, Others Make Ambassadors’ List Former governors of Abia and Enugu states, Okezie Ikpeazu and Ifeanyi Ugwuanyi, Senator Shehu Sani and ex-aide of former President Goodluck Jonathan, Reno Omokri, are among those nominated for ambassadorial appointment by the federal government. Vanguard gathered that they were among those being screened by security agents, pending the release of the list.Recall that the country’s ambassadors were recalled from their postings almost a year ago without replacement, fuelling concerns over what that would have on Nigeria’s diplomacy. It was learned yesterday that the resume of those nominated had already been…
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Electricity: FGN To Receive 3.2 Million Metres This Month For Nigerians

Electricity: FGN To Receive 3.2 Million Metres This Month For Nigerians

Electricity: FG to receive 3.2million meters this month for Nigerians Faced with growing criticism over the lack of progress in bridging the huge metering gap in the power sector, the Minister of Power, Chief Adebayo Adelabu, on Sunday disclosed that the government is expecting the first batch of 3,205,101 prepaid meters it ordered last year. Adelabu, in a statement by his Special Adviser, Strategic Communications and Media Relations, Tunji Bolaji, said 75,000 meters under the International Competitive Bid 1 (ICB1) are expected by April 2025, followed by the second batch of 200,000 meters in May 2025. Despite the slow pace of…
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FGN Orders Federal Tertiary Institutions To Publish Financial, Student Data By May 31

FGN Orders Federal Tertiary Institutions To Publish Financial, Student Data By May 31

FG Orders Federal Tertiary Institutions To Publish Financial, Student Data By May 31 The Federal Government has directed all federal tertiary institutions to publish critical institutional data, including budget allocations, student population, and funding details on their official websites no later than May 31, 2025. The directive, which takes immediate effect, was issued by the Minister of Education, Dr Maruf Tunji Alausa, as part of efforts to promote transparency and accountability in Nigeria’s higher education system. The Ministry noted that institutions must provide full disclosure of their Annual Budgetary Allocation, breaking down expenditure into “personnel cost, overhead costs and capital…
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NNPCL Unveils 8-Man Senior Management Team

NNPCL Unveils 8-Man Senior Management Team

NNPCL Unveils 8-Man Senior Management Team The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-man Senior Management Team, following the recent naming of its Group Chief Executive Officer (GCEO) and Board of Directors. A statement released on Friday by NNPCL spokesperson Femi Soneye, noted that the newly constituted team will be led by the GCEO, Bashir Bayo Ojulari. The appointments, which take immediate effect, reflect the company’s ongoing strategic realignment aimed at boosting efficiency and enhancing performance in Nigeria’s evolving energy landscape. The new senior management team comprises:Rowland Ewubare – Group Chief Operating Officer…
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JAMB Reacts To Rumours About Deadline For Direct Entry Registration

JAMB Reacts To Rumours About Deadline For Direct Entry Registration

JAMB Reacts to Rumours About Deadline for Direct Entry Registration The Joint Admissions and Matriculation Board has debunked reports suggesting that the 2025 Direct Entry registration exercise will close on Monday, April 7. The board clarified that the registration process remains open until an official closing date is announced. In a statement issued on Saturday by JAMB’s Public Communication Advisor, Fabian Benjamin, the board emphasised that it had deliberately liberalised the registration period to accommodate ongoing investigations into candidates suspected of presenting fraudulent A-Level results. “The Board is currently investigating some candidates who were caught attempting to register with fake…
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Tinubu Approves Establishment Of 8’800 Health Centres Across Nigeria

Tinubu Approves Establishment Of 8’800 Health Centres Across Nigeria

Tinubu Approves Establishment Of 8,800 Health Centers Across Nigeria President Bola Tinubu has approved the establishment of over 8,800 new Primary Healthcare Centres across the country and the upgrade of existing tertiary institutions to handle trauma, oncology, and infectious disease control. This was disclosed on Saturday by the Vice President, Senator Kashim Shettima, when he commissioned the Sulaiman Adebola Adegunwa Trauma Centre in Sagamu, Ogun State. The Vice President at the occasion, called for increased private sector participation in the ongoing reforms in the health sector and healthcare development across Nigeria. He reaffirmed the Federal Government’s commitment to addressing critical…
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