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By Abiola Olawale The Nigerian Senate has approved President Bola Tinubu’s external borrowing plan, totaling $24 billion (equivalent to ₦38.4 trillion at an exchange rate of ₦1,600 per USD) for the 2025–2026 fiscal years. The plan, which includes $21.5 billion, €2.2 billion (₦5.6 trillion at ₦2,545 per EUR), ¥15 billion (₦150 billion at ₦10 per…
July 22, 2025
By Nwosa Hamilton The Federal High Court, Abuja, has rejected a travel request from the immediate past Governor of Kogi State, Yahaya Bello, in the ongoing lawsuit bordering on alleged N80.2 billion fraud. The presiding judge, Justice Emeka Nwite, turned down the request on the grounds that the medical report attached to Bello's application was…
July 22, 2025
https://youtu.be/WPETje8apUo?si=lNUgHm5KHu8P8cI6 By Abiola Olawale Tensions escalated at the National Assembly Complex in Abuja as suspended Senator Natasha Akpoti-Uduaghan was denied access to the premises of the legislative arm. The New Diplomat checks show that the suspended lawmaker was denied access to the National Assembly complex by a team of security operatives. The increased security presence,…
July 22, 2025
By Abiola Olawale Governor Ademola Adeleke of Osun State and the Osun State chapter of the Peoples Democratic Party (PDP) have thrown their weight behind President Bola Ahmed Tinubu for re-election in the 2027 presidential election. Adeleke made this known in a post shared via his X (Formerly Twitter) handle on Tuesday. He wrote: “Our…
July 22, 2025
By Abiola Olawale The Nigerian National Petroleum Company Limited (NNPCL) has announced what it called a significant financial remittance of N6.96 trillion to the Federation Account from January to June 2025, according to its latest monthly report. The June 2025 Monthly Report Summary, released in Abuja, revealed that the national oil company recorded a Profit…
July 22, 2025
By Hamilton Nwosa The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate, the Monetary Policy Rate (MPR), at 27.5% for the third consecutive time in 2025. The announcement was made by CBN Governor Olayemi Cardoso at the end of the apex bank's 301st Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.…
July 22, 2025
By Hamilton Nwosu In a move to mend the ongoing leadership crisis within the Labour Party (LP), Dr. Yusuf Datti Baba-Ahmed, the party’s 2023 vice-presidential candidate, attended the National Executive Committee (NEC) meeting led by factional National Chairman Barrister Julius Abure in Abuja on Monday. During the meeting, Baba-Ahmed pledged to spearhead reconciliation efforts to…
July 21, 2025
By Hamilton Nwosu Nigeria’s economy has demonstrated resilience in the first quarter of 2025, achieving a year-on-year GDP growth of 3.13%, according to the latest report from the National Bureau of Statistics (NBS). This marks a significant improvement from the 2.27% growth recorded in Q1 2024. The NBS attributed this growth to the services sector,…
July 21, 2025
• Says its Unlawful By Abiola Olawale The ongoing leadership crisis within the Labour Party (LP) escalated further as the faction led by Julius Abure has declared thatv the recent appointment of Senator Nenadi Usman as interim national chairman and Senator Darlington Nwokocha as interim national secretary, are illegal and unconstitutional. The Abure-led National Executive…
July 21, 2025
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By Abiola Olawale The Nigerian Senate has approved President Bola Tinubu’s external borrowing plan, totaling $24 billion (equivalent to ₦38.4 trillion at an exchange rate of ₦1,600 per USD) for the 2025–2026 fiscal years. The plan, which includes $21.5 billion, €2.2 billion (₦5.6 trillion at ₦2,545 per EUR), ¥15 billion (₦150 billion at ₦10 per…
July 22, 2025
By Nwosa Hamilton The Federal High Court, Abuja, has rejected a travel request from the immediate past Governor of Kogi State, Yahaya Bello, in the ongoing lawsuit bordering on alleged N80.2 billion fraud. The presiding judge, Justice Emeka Nwite, turned down the request on the grounds that the medical report attached to Bello's application was…
July 22, 2025
https://youtu.be/WPETje8apUo?si=lNUgHm5KHu8P8cI6 By Abiola Olawale Tensions escalated at the National Assembly Complex in Abuja as suspended Senator Natasha Akpoti-Uduaghan was denied access to the premises of the legislative arm. The New Diplomat checks show that the suspended lawmaker was denied access to the National Assembly complex by a team of security operatives. The increased security presence,…
July 22, 2025
By Abiola Olawale Governor Ademola Adeleke of Osun State and the Osun State chapter of the Peoples Democratic Party (PDP) have thrown their weight behind President Bola Ahmed Tinubu for re-election in the 2027 presidential election. Adeleke made this known in a post shared via his X (Formerly Twitter) handle on Tuesday. He wrote: “Our…
July 22, 2025
By Abiola Olawale The Nigerian National Petroleum Company Limited (NNPCL) has announced what it called a significant financial remittance of N6.96 trillion to the Federation Account from January to June 2025, according to its latest monthly report. The June 2025 Monthly Report Summary, released in Abuja, revealed that the national oil company recorded a Profit…
July 22, 2025
By Hamilton Nwosa The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate, the Monetary Policy Rate (MPR), at 27.5% for the third consecutive time in 2025. The announcement was made by CBN Governor Olayemi Cardoso at the end of the apex bank's 301st Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.…
July 22, 2025
By Hamilton Nwosu In a move to mend the ongoing leadership crisis within the Labour Party (LP), Dr. Yusuf Datti Baba-Ahmed, the party’s 2023 vice-presidential candidate, attended the National Executive Committee (NEC) meeting led by factional National Chairman Barrister Julius Abure in Abuja on Monday. During the meeting, Baba-Ahmed pledged to spearhead reconciliation efforts to…
July 21, 2025
By Hamilton Nwosu Nigeria’s economy has demonstrated resilience in the first quarter of 2025, achieving a year-on-year GDP growth of 3.13%, according to the latest report from the National Bureau of Statistics (NBS). This marks a significant improvement from the 2.27% growth recorded in Q1 2024. The NBS attributed this growth to the services sector,…
July 21, 2025
• Says its Unlawful By Abiola Olawale The ongoing leadership crisis within the Labour Party (LP) escalated further as the faction led by Julius Abure has declared thatv the recent appointment of Senator Nenadi Usman as interim national chairman and Senator Darlington Nwokocha as interim national secretary, are illegal and unconstitutional. The Abure-led National Executive…
July 21, 2025
