A former Minister of Aviation, Femi Fani-Kayode, says he is saddened and utterly mortified by the way in which former President Olusegun Obasanjo lambasted revered traditional rulers in Oyo state by ordering them to “stand up” and “sit down” as if they were children. Fani-Kayode in a statement a issued Saturday noted that Obasanjo’s words and behaviour are a desecration of the values and a grave insult to the Yoruba people and traditional institutions. He said this was the same Obasanjo that, once upon a time, displayed his respect, humility and greatness by bowing, kneeling and prostrating before monarchs, even…
Author: Hints News
The Civil Society Legislative Advocacy Centre (CISLAC) has decried Nigeria’s startling 75 per cent surge in debt towering at a staggering N87 trillion The Executive Director of CISLAC, Auwal Rafsanjani in a statement issued Saturday said the figure represents an increase of 75.29 per cent, or N37.53 trillion, compared to N49.85.trillion recorded at the end of March 2023. The group also lamented the nonchalance displayed by the President Bola Tinubu administration towards the country’s rising debt profile. It highlighted the concerning fiscal implications for the nation, especially as it struggles to manage debt interest payments, despite the expected monthly savings…
The Coalition of Northern Groups (CNG) has called on the Acting Executive Chairman of Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, to revisit the issue of multiple taxation which it said has been a major challenge faced by businesses and taxpayers in the country. The Spokesperson of the group, Abdul-Azeez Suleiman, in a statement issued Saturday, pointed out that the current system of multiple taxation in Nigeria places a heavy burden on businesses, particularly small and medium enterprises (SMEs). He noted that this was because they are subjected to various forms of taxes, including corporate income tax, value-added tax, education…
The United Arab Emirates has contradicted claims by the Nigerian government that it is to lift a year-long visa ban on Nigerian travelers. An official from the Gulf state told CNN: “There are no changes on the Nigeria/UAE travel status so far.” The source asked not to be named because he is not authorized to speak to the media. The UAE said in a notice last October it will no longer issue visas to citizens from Nigeria and 19 other African nations. It did not provide further details. Obtaining a 30-day tourist visa was relatively easy until the UAE abruptly…
President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN). Cardoso replaces the former Governor of CBN, Godwin Emefiele as the head of the apex bank. He will serve for a term of five years at the first instance, pending his confirmation by the Nigerian Senate. Tinubu in a statement issued Friday by his Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said the directive was in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests…
The Speaker of the House of Representatives, Hon. Abbas Tajudeen and the Honourable Minister of State for Labour and Employment, Barr. Nkeiruka Onyejeocha Thursday met in Abuja. Though the details of the meeting was sketchy, it might not be unconnected to a recent media report alleging that the Governor of Imo State, Hope Uzodinma and Onyejeocha were plotting to unseat Abbas. Though in a swift response, Onyejeocha had through her media aide, Emameh Gabriel, described the report false as baseless and mischievous and one that was coming from her detractors who have become so uncomfortable with her appointment as a…
The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, had said that the acquisition of OVH Energy was done in accordance to the Petroleum Industry Act (PIA). Kyari, who spoke on Friday at the resumed investigative hearing of the Ad-hoc Committee on the acquisition of OVH Energy by NNPCL said the organisation did nothing wrong in the acquisition as it was purely a business decision that has begun to yield results in less than one year after it was done. The NNPC GMD added that the PIA also mandated the company to be the…
Troops of the Joint Task Force Northwest Operation Hadarin Daji Thursday rescued 17 kidnapped victims and recovered large numbers of rustled cattle in the ongoing operation in Zamfara state. Force Information Officer, Operation Hadarin Daji, Captain Yahaya Ibrahim, in a statement issued Friday said, the troops also rescued 2 victims and the commercial vehicle carrying food stuff along corner Jollof in Shinkafi LGA of Zamfara state. According to him, These were achieved recently, on 14 September 2023, the Joint troops of Operation HADARIN DAJI (OPHD) in Zamfara state while acting on a distress call thwarted kidnap attempt, rescued 2 victims…
Nollywood Actor, Lekan Olatunji has lost his wife to the cold hands of death. The cause of the death is not yet known as of the time of filing this report. Details later…
The Debt Management Office (DMO) has revealed that Nigeria’s total public debt hit N87.38 trillion at the end of the second quarter of 2023. The DMO in a report on Thursday revealed that the current debt stock of N87.38 trillion exceeded its projection by N10.38 trillion. It noted that the debt includes the N22.71 trillion Ways and Means Advances of the Central Bank of Nigeria (CBN) to the federal government. A breakdown of the country’s debt showed that Nigeria has a total domestic debt of N54.13 trillion and total external debt of N33.25 trillion. A further breakdown revealed that the…