The Federation Account Allocation Committee (FAAC) has disbursed N1.15 trillion to the three tiers of government for last month. The Federal Government received N352.41 billion out of the N1.15 trillion; states got N366.95 billion, while local governments received N267.15 billion. In the disbursement, oil-producing states received N166.24 billion as derivation revenue. Last month’s revenue into…
Representatives of 30 nations meeting in Brussels vowed to beef up nuclear energy Thursday as one solution to meet climate-fighting targets and guarantee reliable energy supplies. But the issue of nuclear power is divisive, and critics say it shouldn’t be part of the world’s approach to energy challenges. The summit was the first of its…
The World Health Organization on Wednesday called for immediate action to combat a worldwide spike in cholera cases amid a global vaccine shortage. “Immediate action is needed to stem an unprecedented multiyear upsurge in cholera cases worldwide,” WHO’s International Coordinating Group on Vaccine Provision said in a statement. “The severe gap in the number of…
First Bank of Nigeria Holdings Plc, on Wednesday, appointed billionaire Femi Otedola as its new Chairman, two new non-executive directors for the holding company, and three new non-executive directors for the First Bank. Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, announced the appointment of Olusola Adeeyo…
Abia State Governor, Dr. Alex Otti, has signed into law a bill to repeal the payment of pensions to former governors and their deputies. The governor through the signing of the Executive Bill into law cancelled a law enacted by the immediate past administration. The Executive Bill, which was passed by the State House of…
Juliet Jacob looks at how the current economic hardship is robbing school children from eating healthy foods in school, as their parents grapple with financial tough times which makes them to forgo or have half-measure lunch packs they once enjoyed. Coping Without Lunch or Healthy Feeding in School It used to be a top priority…
The Naira has been ranked as one of the 15 poorest performing currencies compared to the US Dollar. A report credited to Statisense and dated March 18, 2024, examines the yearly depreciation of various currencies in relation to the USD. Lebanon has the highest percentage loss at -497%, with Syria following closely at -418% and…
A devastating outbreak of Diphtheria has claimed the lives of four children in villages within Kano State. The outbreak, which has affected Kwarkiya, Kuru, Kunya, and Minjibir Villages, has left an additional 28 children fighting for their lives. The Information Officer of the local government, Tasiu Yahaya Dadin-Duniya, revealed the alarming figures in…
A bill aiming to double funding for the Universal Basic Education Commission (UBEC) has passed the second reading in the Nigerian House of Representatives. The amendment bill, sponsored by Muktar Shagaya, seeks to raise UBEC’s funding from 2 per cent to 4 per cent of the consolidated revenue fund. During the committee’s oversight function…
In a groundbreaking development, the U.S. Department of Justice has announced an antitrust lawsuit against tech giant Apple. The suit made on Thursday, alleges anti-competitive behavior in the company’s app store practices. This move signals a significant escalation in the government’s efforts to address concerns about competition in the tech industry. The lawsuit is expected…
