The World Health Organisation (WHO) has said that more than 116 million people are estimated to be living with mental health conditions in Africa. Dr Matshidiso Moeti WHO Regional Director …
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Enugu PDP guber candidate promises to move GDP from $4.4bn to $30bn in eight years
by Our Reporterby Our ReporterDr Peter Mbah, the Enugu State Peoples Democratic Party (PDP) governorship candidate says his administration will move the state Gross Domestic Product (GDP) from $4.4 billion to $30 billion in …
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DMO counters Bloomberg, says ‘Nigeria not planning to restructure debt’ The Debt Management Office (DMO) says contrary to reports by U.S. based financial, software, data and media company, Bloomberg, Nigeria has no plans to restructure its debt. The DMO said this in a statement on Thursday, against the backdrop of recent reports by Bloomberg that Nigeria was considering restructuring its debt and extending the repayment period of its credit obligations. The report had quoted Nigeria’s Finance Minister, Mrs Zainab Ahmed, as saying that Nigeria had appointed consultants to advise the government as it faced a rising debt-service burden. The DMO said that the minister’s statement was taken out of context. “Over the years, Nigeria’s Debt Management Strategy has always highlighted the need to utilise appropriate debt management tools to streamline the cost and risk profile in the debt portfolio. “Toward implementation of these strategies, Nigeria has typically availed itself of concessional loans, the spreading out of debt maturities to avoid bounching, and re-profiling of debt maturities by refinancing short-term debt using long-term debt instruments. “All these, non of which constitute debt restructuring, are already being implemented ” the DMO said. It said that the Nigerian government was also looking forward to exploring other appropriate debt liability management options such as “bond- buy back” and “bond exchanges”. “We want to assure local and international investors and creditors that Nigeria remains committed and will meet all its debt obligations, ” the DMO said.
by Our Reporterby Our ReporterDMO counters Bloomberg, says ‘Nigeria not planning to restructure debt’ The Debt Management Office (DMO) says contrary to reports by U.S. based financial, software, data and media company, Bloomberg, Nigeria …
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2023: Alleged plot to deactivate BVAS will be resisted – Labour Party
by Our Reporterby Our ReporterLeadership of Labour Party, LP, has vowed to resist an alleged plot to deactivate the Bi-modal Voters Accreditation System, BVAS, from the system of the Independent National Electoral Commission, INEC, …
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The African Democratic Congress (ADC) has ratified the expulsion of its presidential candidate, Dumebi Kachikwu and his running mate, Ahmed Rufai from the party. The party ratified the expulsion of …
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Breaking: Appeal Court acquits Nnamdi Kanu, strikes out FG’s charge
by Our Reporterby Our ReporterThe Court of Appeal in Abuja, on Thursday, quashed the terrorism charge the Federal Government preferred against the detained leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu. It …
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An Assistant Superintendent of Police (ASP), Abdulmumini Yusuf, serving at the Area Command in Ilorin, Kwara State has reportedly been kidnapped by gunmen. The state Commissioner of Police, CP Paul …
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FEC Approves N202.8bn Repairs Of Enugu-Onitsha Road By MTN Under Tax Credit Scheme
by Our Reporterby Our ReporterThe Federal Executive Council (FEC) has endorsed the completion of the ongoing Enugu-Onitsha expressway by MTN Nigeria PLC, telecommunication company, at the cost of N202.8billion via the Tax Credit Scheme …
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Nigeria has so far recorded 1,180 suspected cases of monkeypox. The country also recorded 482 cases and seven deaths resulting from monkeypox in 2022. These were made known in Abuja …
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FEC Approves N11.8bn For Aviation Equipment, N592m For MRI For OAU Teaching Hospital
by Our Reporterby Our ReporterThe Federal executive Council (FEC) has approved N11.8 billion for the procurement of equipment and setting up of a fire fighting trucks maintenance centre in Katsina State and an aircraft …