FG will pay N1.8trn in interest if unable to restructure N23.7trn CBN loan, Buhari tells n,assembly at the signing of 2023 budget

President Muhammadu Buhari says it will cost the federal government N1.8 trillion in interest if the national assembly fails to approve N23.7 trillion in extra-budgetary spending. The president had asked the national assembly to approve the sum he said were funds provided by the Central Bank of Nigeria (CBN) through loans for “emergencies” in the…

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INEC swears in new RECs, warns against unofficial meetings with politicians

The Independent National Electoral Commission (INEC) has warned its electoral officers to refrain from activities that will tamper with the commission’s integrity. Mahmood Yakubu, INEC’s chairman, said this on Thursday while swearing in 19 resident electoral commissioners (RECs) in Abuja. According to TheCable, the commissioners comprise nine from the academia, six civil servants including retired…

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