President Bola Tinubu has written to the National Assembly, seeking approval for a fresh N1.767 trillion external borrowing plan to part-finance the budget deficit of N9.7 trillion for the 2024 budget. The Nigeria’s growing foreign debt obligations have been of concern lately, and this has been exacerbated by the liberalization of exchange rates, making loan…
The detained former governorship candidate of the Ogun State chapter of the Peoples Democratic Party, Ladi Adebutu regained his freedom early Tuesday morning after being invited and quizzed by the Department of State Services. His release was confirmed by his media aide, Afolabi Orekoya during a phone conversation with Channels Television. Adebutu’s release followed confirmation…
GISTSMATE MEDIA reports that the President of Paraguay, Santiago Pena was taken to a Rio hospital late Monday after falling ill while attending a G20 summit, officials said. “We inform that the President of the Republic, Santiago Pena, was treated today at the Samaritano Hospital (Botafogo) in Rio de Janeiro due to an indisposition,” Paraguayan…
Canada has closed the pathway for international students to convert their study permits into permanent residency under its latest immigration policies. This new regulation mandates that international students return to their home countries upon the expiration of their study visas in Canada, signaling an end to policies that allowed non-citizens with study permits to transition…
Minister of the Federal Capital Territory, Nyesom Wike, has directed the immediate payment of N70,000, the new minimum wage, for all administration staff. The move comes after President Bola Tinubu signed the new Minimum Wage Bill into law in May 2024, following months of negotiation with organized labour. The approval was announced in a statement…
President Bola Tinubu has addressed world leaders at the ongoing 19th Heads of State and Government Summit of the Group of 20 (G20) in Rio de Janeiro, Brazil. The President of Brazil, Lula da Silva, is hosting the 2024 G20 summit, having held the group’s rotating presidency since December 21, 2023. His tenure ends on…
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud. The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips…
Just hours after Daniel Bwala announced himself as the official spokesperson for President Bola Tinubu, the presidency made adjustments to his role. During his initial briefing at the State House in Abuja, Bwala informed journalists that he would serve as the president’s primary spokesperson. However, a few hours later, Bayo Onanuga, Special Adviser on Information…
The governorship candidate of the Peoples Democratic Party (PDP) in the 2023 Ogun State election, Hon. Ladi Adebutu, has reportedly been detained by the Department of State Services (DSS). He was detained on Monday, November 18, 2024. In a statement signed by the PDP’s Publicity Secretary, Arc. Kayode Adebayo, the party expressed concerns over the…
The Federal Government has announced plan to provide free housing units to 77,400 vulnerable Nigerians across all 774 local government areas under its proposed National Social Housing Fund. The initiative, which aims to generate N1.2 trillion through voluntary monthly contributions from Nigerians, is awaiting legislative approval to become operational. Minister of Housing and Urban Development,…