Author: statereporter
In an unexpected and embarrassing turn of events, a pornographic video clip interrupted a crucial investors’ call organized by Nigeria’s Debt Management Office (DMO) on Thursday. The call was part of a hybrid roadshow aimed at securing dollar investments for the federal government’s dollar-denominated domestic bond. The incident occurred during an online session attended by investors, analysts, bank officials, and government stakeholders, who had gathered to discuss the prospects of the federal government’s $500 million domestic bond, set to be issued on August 19. The DMO has yet to issue a statement regarding the incident, which has been linked to…
The computation of the new minimum wage for junior federal workers have been completed by the National Salaries, Incomes, and Wages Commission (NSIWC). That of workers in the senior cadre will be ready in the next two or three weeks. A Presidency source, who made these known yesterday, said both data would be collectively forwarded to the Office of the Accountant General of the Federation (OAGF) for further processing and implementation. The source added that the NSIWC is waiting for the conclusion of negotiations between the Nigeria Labour Congress (NLC) and Trade Union Congress(TUC) on one side and the federal…
Nigeria’s inflation rate dropped to 33.40% in July 2024, according to the latest figures released on Thursday by the National Bureau of Statistics (NBS). The rate dropped by 0.79% when compared to the 34.19% recorded in June 2024. State reporters revealed that the reduction in inflation is happening for the first time in 19 months since December 2022, when it last dropped to 21.34%. On a year-on-year basis, the rate was 9.32 percentage points higher than in July 2023, when it stood at 24.08%. This indicates an increase in the headline inflation rate on a year-on-year basis for July 2024…
Chelsea and Napoli are currently negotiating a swap deal which will see Super Eagles of Nigeria striker, Victor Osimhen move to the Premier League club way below his release clause worth €130 million. In exchange for Victor Osimhen, the current manager of Napoli, Antonio Conte, is reportedly interested in securing Lukaku’s services along with Chelsea’s midfielder Cesare Casadei and a significant cash sum totalling £39 million. It’s reported that Osimhen is eager to leave Napoli, while Lukaku is looking to end his unpalatable partnership with Chelsea in this summer transfer window. On the other hand, the newly appointed Chelsea manager,…
Two French Rafale jets collided midair on Wednesday in a rare accident involving the cutting-edge military aircraft, prompting a desperate search for two missing crew members. The collision occurred over the town of Colombey-les-Belles in northeastern France. The two supersonic jets were part of the French Air Force and had taken off from the Saint-Dizier air base. According to an air force spokesman in Paris, one of the pilots managed to eject following the crash and was later found safe, but an instructor and a student pilot on the second jet remain missing. France’s Defence Minister, Sebastien Lecornu, confirmed the…
A French court has authorized the seizure of three presidential jets linked to the Federal Government of Nigeria as part of a legal battle involving Zhongshan, a Chinese company. The company had a business dispute with the Ogun State government, which led to this significant legal action, sources familiar with the matter have told Premium Times. The three seized jets include a Dassault Falcon 7X at Le Bourget airport in Paris, a Boeing 737, and an Airbus 330 located at Basel-Mulhouse airport in Switzerland. All three aircraft are part of Nigeria’s presidential air fleet and are currently undergoing maintenance. Two…
The website domain name of Guaranty Trust Bank (GTBANK) have become inaccessible in what Nigerians believed to be a suspected attack on the commercial bank by hackers. Checks by State reporters on Wednesday night shows that the GTBank website, gtbank.com, was no longer accessible. This issue arose just a day after the domain was renewed for another five years, extending its validity from August 13, 2024, through March 21, 2029, according to several online platforms that track domain information. No hacker group has claimed responsibility for the alleged hacker on the website. According to Peoples Gazette, the alleged attackers may…
The Senate has broken its silence on the claim by Senator Kawu Sumaila (NNPP, Kano South) that each serving senator receives N21 million monthly. In reaction to the claim, the Chairman, Senate Committee on Media and Public Affairs, Senator Yemi Adaramodu (APC Ekiti South), said the National Assembly receives only 1% of the federal budget. Sumaila had in an interview with the BBC Hausa Service said he receives N21 million as monthly take home in salaries and allowances. Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Shehu, had earlier said each senator receives a total of N1,063,860…
Chelsea have been handed a major boost in their pursuit to sign Victor Osimhen from Napoli after the Serie A side lowered their demands. According to The Times, Napoli sporting director Giovanni Manna has held talks with Chelsea officials in London, where the two parties have been negotiating a deal. The report claimed that the Blues have been told a bid of £38.5m plus Romelu Lukaku and Cesare Casadei would be enough to persuade them to sell striker Osimhen this summer. Napoli are trying to sign Lukaku but cannot afford the £40m asking price. Instead, Antonio Conte’s side have proposed…
Japanese Prime Minister, Fumio Kishida, has announced he will resign in September, marking the end of a tumultuous three-year term overshadowed by political scandals. In a press conference on Wednesday, Kishida declared he would not seek re-election as the leader of the Liberal Democratic Party (LDP), emphasising that “politics cannot function without public trust.” Kishida’s tenure has been marred by various controversies, including allegations of financial misconduct and ineffective responses to the challenges of rising living costs. His resignation opens the door for a new leader to tackle these pressing issues and restore confidence in the government. “I will now…