Former Vice-President Atiku Abubakar has warned the federal government that the $1.07 billion allocated to the health sector in the 2025 budget should not be misused. Atiku in a statement in Abuja asked that mechanisms must be put in place to ensure the funds are used to improve healthcare services rather than vanish under suspicious…
US President Donald Trump has said he expects his ally Elon Musk to find billions of dollars of fraud and abuse at the Pentagon, after he was tasked with leading an audit to slash the size of the US federal workforce. The Pentagon’s budget is approaching $1 trillion per year. In December, then-President Joe Biden…
U.S. job growth slowed more than expected in January, likely restrained by wildfires in California and cold weather across much of the country, but a 4.0% unemployment rate probably gives the Federal Reserve cover to hold off cutting interest rates at least until June. Nonfarm payrolls increased by 143,000 jobs last month after rising by…
President Bola Tinubu has increased the proposed budget size for 2025 from N49.7 trllion, which he presented to the joint session of the National Assembly in December to N54.2 trillion . President Tinubu announced an increase in the proposed budget size through separate letters forwarded to both the Senate and the House of Representatives. The…
Chief of Defence Staff (CDS), General Christopher Musa, yesterday, told stakeholders in the oil and gas industry to work collectively to ensure that President Bola Tinubu’s mandate on the attainment of 2.5 million barrels per day (mbpd) oil production was achieved in the Niger Delta.Musa spoke at a meeting with stakeholders in the country’s oil…
The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to offset outstanding pension liabilities for all categories of federal pensioners.The approval granted yesterday, on the second day of the FEC meeting at State House, Abuja, will allow the Debt Management Office (DMO) to raise funds needed to settle pension arrears…
U.S. President Donald Trump is expected to sign an order on Saturday imposing hefty new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China, potentially disrupting more than $2.1 trillion worth of annual trade. Trump, working from his Mar-a-Lago estate in Florida this weekend, said on Friday that there…
President Donald Trump has said he believes the US will gain control of Greenland, after showing renewed interest in acquiring the autonomous Danish territory in recent weeks. “I think the people want to be with us,” Trump said when asked about the island in the press room on board the presidential plane. “I don’t really…
Netflix is ringing in the new year with two big pieces of news. First, in the fourth quarter of 2024, subscriber count crossed the 300 million mark and revenue growth wildly exceeded expectations. Second, despite this apparent success, the wildly popular streaming video service is looking for even more money and will be bumping up…
U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.S. via Mexico and Canada. Trump voiced his latest tariff threats in remarks to reporters at the White House…
