Politics

Today's Headlines: Wike joining APC’ll boost our chances in 2027–Ganduje, Tinubu salutes IBB at 82

Wike joining APC’ll boost our chances in 2027 –Ganduje

National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has described former Rivers State governor, Nyesom Wike, as a good addition that would enhance the chances of the party winning the 2027 presidential election.

The former Kano State governor made the disclosure while revealing the purpose of Wike’s visit to his office, yesterday.

He said a part from Wike joining the APC, he was also exploring the possibility of ensuring other parties merge with the ruling party.

Ganduje said the former Rivers governor also guaranteed him of working hard to move whichever ministry he is assigned to by the president forward.

“You know Wike is a Minister-designate. So, he came, we discussed because I was looking for him to congratulate him for that, and also he came to congratulate me. We discussed and he assured me that when he becomes minister fully, he will work very hard in order to move the ministry he is giving forward and he is ready to cooperate.”

Tinubu salutes IBB at 82

 President Bola Tinubu says he shares in the joy of celebration with family, friends, and associates of retired Gen. Ibrahim Badamasi Babangida.

Babangida is the former military President and would turn 82 years old on Thursday.

This is contained in a statement by Mr Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Wednesday in Abuja.

Tinubu congratulated Babangida, saying he had served in many capacities in the Nigerian army with distinction and reached the peak of his career as Chief of Army Staff.

The President said the celebrant left indelible legacies for his gallant defense of nationhood during the Nigerian Civil War.

He commended Babangida’s immense contributions to national development.

Photo credit: Google

NNPCL’s $3b buffer to strengthen naira, stabilize exchange rate

Photo Credit: The Nation Nigeria)

The Federal Government pulled off a major strategic liquidity buffer with the provision of a standby $3 billion in advance royalties and taxes by the Nigerian National Petroleum Company Limited.

The NNPCL yesterday signed a conclusive agreement with the African Export-Import Bank (Afreximbank) for an emergency $3 billion crude oil repayment loan, which enables NNPCL to provide the Nigerian government with upfront payments of royalties and taxes while the national oil company defrays the loan from its normal crude oil production activities.

The NNPCL will provide some immediate disbursements and subsequent disbursements will be in tranches based on the specific needs and requirements of the government.

The naira appreciated by 2.0 per cent to N759.86 per dollar at the Investors & Exporters (I & E) window.

The sense of security cut down the speculative parallel market, with the naira gaining some N100 to close at about N840 per dollar. 

Tinubu To Swear In New Minsters On Monday

Photo Credit: Daily Post Nigeria

President Bola Tinubu will swear in his new ministers who have just been assigned portfolios on Monday.

This was confirmed in a statement by the office of the Secretary to the Government of the Federation (SGF).

It noted that the ceremony will take place in the conference room of the State House at 10 am.

The director of information in the office of the SGF, William Bassey, who signed the statement, disclosed the ministers are to come with two guests each.

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