The World Bank Group Finances has disclosed that the Nigerian government is still repaying $10.6billion in loans taken by former presidents. The loans totalling 69 were obtained during the administrations of former Presidents Olusegun Obasanjo, the late Umaru Musa Yar’Adua, and Goodluck Jonathan. The Debt Management Office (DMO) had in June 2024 reported that as…
Governors elected on the platform of the main opposition Peoples Democratic Party, PDP, have drawn a battle line with the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike, over the crisis in the Rivers State chapter of the party. The governors, Saturday Vanguard gathered may also move against the National Chairman, Amb. Umar…
GISTSMATE MEDIA reports that the Nigeria Labour Congress (NLC) in Rivers state has threatened to withdraw services over the court order stopping disbursement of financial allocations to the state. On Wednesday, a federal high court in Abuja restrained the Central Bank of Nigeria (CBN ) from further disbursing financial allocations to the Rivers state government….
The Force Public Relations Officer, ACP Olumuyiwa Adejobi, has cautioned against stereotyping the entire police force as corrupt. In a post on X.com on Saturday, Adejobi emphasised that many police officers are decent and God-fearing individuals who work to protect citizens’ lives and property with integrity and self-esteem. He wrote, “It’s unfair to generalise that…
Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress. However, sources told TheCable that refinery will continue to load for export as it currently sources all its crude stock from the international market in dollars. The refinery sells to Nigerian marketers in…
The Independent Petroleum Marketers of Nigeria has said that the price war between the Nigerian National Petroleum Company Limited and Dangote Petroleum is affecting its members. The Chairman, IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu states, Mr Chinedu Anyaso, stated this during an interview with journalists in Awka, Anambra State, on…
Simon Ekpa, an associate of the detained self acclaimed leader of the proscribed Indigenous People of Biafra (IPOB) Nnamdi Kanu, will soon be brought back to Nigeria for trial, a Federal High Court was told in Abuja yesterday. An official of the Department of State Services (DSS), who was testifying at the resumption of proceedings…
A woman identified as Mrs Falilat Yusuf, popularly known as Iya Ganiyat, has allegedly been stabbed to death by a 17-year-old boy identified as Malik in the Danialu area of Gaa Akanbi, Ilorin, Kwara State. The incident occurred around 2pm on Friday, as residents described the attack as brutal and unprovoked, with many still struggling…
The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted in connection with a fraudulent online trading scheme allegedly perpetrated through a platform known as Crypto Bridge Exchange (CBEX). The suspects are Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun—are being sought for their alleged roles in the scam, which has…
The wife of a prominent media personality, known as the “Egungun of Lagos,” has publicly disclosed an ongoing blackmail attempt involving a private video of her husband. The incident came to light on December 1st, 2024, when she took to social media to express her distress over the situation. According to her detailed posts, an…