Reps mo[tps_fo By Gift ChapiOdekina, Abuja Following public outcry over the allocation of N5.095 billion for the purchase of a presidential yacht in the 2023 supplementary budget, the House of Representatives, on Thursday, said it had scrapped the budgetary allocation. Chairman of the House Appropriations Committee, Abubakar Bichi, disclosed this in an interview with journalists…
Godwin Emefiele The Federal High Court in Abuja has given former Governor of the Central Bank of Nigeria, Godwin Emefiele, till January 25 to appear in court to explain the circumstances surrounding the $53m judgment debt arising from the Paris Club refund. Justice Inyang Ekwo, in a short ruling on Wednesday, gave Emefiele another opportunity…
The Akwa Ibom State governor, Pastor Umo Eno, has named Ovation International Magazine Editor, Mr. Michael Effiong James as Senior Special Assistant (SSA), Lagos Liaison. The appointment was contained in a letter, dated November 1, 2023, and signed by the Secretary to the State Government, Prince Enobong Uwah. According to the letter, which also named…
Rivers State Governor, Siminalayi Fubara •Nobody can intimidate me, impeachment not a coup, FCT minister insists •Crisis will be resolved, says Fubara, PDP govs plan Port Harcourt meeting A Rivers State High Court sitting in Isiokpo, on Wednesday, issued an interim order restraining the Rivers State House of Assembly from proceeding with the planned impeachment…
Naira and Dollar A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before the end of 2023. However, the US bank said the recent efforts to restore a flexible FX regime may be sustained given the willingness to accompany…
