Guardian Newspaper Headlines Today Wednesday 3rd July 2024 …C0NTINUE READING HERE >>>
Guardian Newspaper Headlines Today Wednesday 3rd July 2024
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NIGERIA NEWS Wednesday 3rd July 2024
Proposed mergers rattle MDAs, lobbying intensifies at N/Assembly
• Some affected MDAs get notice of merger, relocation • Reps invites SGF, HoS to review report plan • Stakeholders wary of intended gains, political hurdles The commencement of merger, relocation, and winding up of some Ministries, Departments and Agencies (MDAs), in line with the revised Steve Oronsaye Report, is unsettling many across the federal government bureaucracy. After the review, as mandated by the President, The Guardian learnt some concerned departments and agencies have been issued official notices, raising the air of apprehension and uncertainty of the fate that awaits concerned workers in MDAs that are pencilled for scrap, relocation
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CBN's 26% interest rate stiffling growth, Dangote laments
Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). At the opening session of a three-day summit organised by the Manufacturers Association of Nigeria (MAN) in Abuja, on Tuesday, Dangote said businesses could not cope with the current rate. In May, CBN's Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate (MPR) from 24.75 per cent to 26. 25 per cent. But while speaking yesterday, Dangote said: “Nobody can create jobs with an interest rate of (about)
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Kwara revamps Patigi Regatta Motel to boost tourism
The Kwara State Government has embarked on the reconstruction of the long-abandoned Patigi Regatta Motel in Patigi town, aiming to bolster the state's tourism sector. The renovation of the Patigi Regatta Motel, which is set to last eight months, will include the addition of shopping areas and an expansive parking space, according to the Honourable Commissioner for Business, Innovation and Technology (BIT), Damilola Yusuf. READ MORE: Kwara State launches fourth phase of NG-CARES The revamped motel will feature standard rooms, VIP suites, a conference hall, restaurants, and courtyards, enhancing its appeal as a premier tourist destination. Located along Kpada Road
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Youth groups applaud court ruling in favour of Emefiele's wife
The Ohanaeze Youth Consultative Movement and Arewa Youth Consultative Movement have praised the Federal High Court in Lagos for nullifying the Economic and Financial Crimes Commission (EFCC) order declaring Margaret Emefiele, wife of former Central Bank Governor Godwin Emefiele, wanted. The court also directed the EFCC to pay her N3 million in damages and issue a public apology. In a joint statement from Obinna Egondu and Kabiru Yusuf, the youth leaders hailed the judgement as a triumph for justice and the rule of law, underscoring the judiciary's role as the defender of the common man against the interference of powerful
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APP praises RSIEC's October LGA election date announcement
The Action People's Party (APP), a prominent opposition party in Nigeria, has expressed strong support for the Rivers State Independent Electoral Commission (RSIEC) following its announcement of October 5, 2024, as the date for local government elections. The party also praised Governor Sim Fubara for endorsing the electoral process, moving away from the undemocratic practice of appointing caretaker committees. In a press briefing in Abuja, APP National Chairman Uche Nnadi welcomed the announcement made by RSIEC Chairman, Justice Adolphus Enebeli (retired), at a stakeholders meeting in Port Harcourt. Nnadi affirmed that the APP would actively participate in the polls, confident
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APP warns against plot to frame G60 spokesperson
The Action People's Party (APP) has issued a stern warning to the Inspector General of Police, Kayode Egbetokun, and the Commissioner of Police, Federal Capital Territory (FCT), Ben Igwe, regarding an alleged plot to frame Hon. Ikenga Imo Ugochinyere, the Spokesperson for opposition lawmakers. APP claims the plot is in retaliation for Ugochinyere's vocal stance on the political crisis in Rivers State. In a statement signed by Uche Nnamdi and made available to journalists in Abuja, the APP, which is part of the Coalition of United Political Parties (CUPP), revealed it possesses intelligence about the alleged plot. The opposition party
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Gwoza bomb blasts: 20 killed, 52 injured, says Military
The Defence Headquarters (DHQ) has confirmed that 20 persons were killed while 52 got injured during the recent multiple bomb blasts that rocked the Gwoza Local Government Area (LGA) of Borno State. Meanwhile, the army's figure is in contrast with those of Vice President Kassim Shettima who on Monday said that the death toll had risen to 32 with 42 injured. “On the whole, 20 persons were killed while 52 sustained various degree of injuries and receiving treatment,” Defence spokesman, Major General Edward Buba confirmed in a statement on Tuesday. READ ALSO: Gwoza suicide attacks: Tinubu mourns, vows justice as
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Gwoza: We'll take terrorists out of battlefield, vows Military
The Nigerian Army has vowed that they will do everything possible to take terrorists out of the battlefield. Defence spokesman, Major General Edward Buba, made this promise in a statement on Tuesday following the recent bomb attacks in the Gwoza Local Government Area (LGA) of Borno State. “Over the weekend, troops of Joint Task Force OP HADIN KAI in the North-East theatre recorded a series of reprehensible terror attacks in Gwoza LGA of Borno State” Buba said. READ ALSO: Gwoza bomb blasts: 20 killed, 52 injured, says Military “The coordinated attacks comprised of multiple Person Bourne Improvised Explosive Device (
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PwC raises concerns over Nigeria's N121.6tr debt, rising deficit
• Says deficit above Fiscal Responsibility Act limit • Peter Obi advises FG on sustainable economic growth Accounting and consultancy firm, PricewaterhouseCoopers International Limited (PWC), yesterday raised the alarm that Nigeria's public debt hit N121.67 trillion in the first quarter of 2024, saying the country's fiscal deficit is above the three per cent threshold of the Fiscal Responsibility Act (FRA). PWC said the debt issuance without a commensurate rise in revenue-generating investments may hurt private investors . The professional services firm stated this in its ‘Nigerian Economic Outlook, June 2024', released yesterday. In the same vein, the candidate of Labour
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Court dismisses Kanu's N1b right violation suit against DSS
A Federal High Court sitting in Abuja, yesterday, dismissed a suit by the detained leader of the separatist group, Indigenous People of Biafra (IPOB), Nnamdi Kanu, seeking N1 billion damages for alleged right violation. Justice James Omotosho held that Kanu failed to provide credible evidence to sustain his claims that his interactions with his lawyers were interfered with, and that he was denied unhindered access to his lawyers, and that Department of State Services (DSS) officials eavesdropped on his conversations with his lawyers, which constituted a breach of his right to fair hearing. Kanu had, in the suit marked: FHC/CS/1633/2023,
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