Good morning. Here is today’s summary from TheMatrix Newspapers:
1. FG Clarifies $21.7bn Loan Plan
- Oyedele: Borrowing Is For Assets, Not Consumption
- Reveals $10.6bn Earmarked For Major Transport Projects
The Federal Government has moved to defend President Bola Tinubu’s proposed $21.7 billion external borrowing plan, insisting that the package is designed to finance long-term infrastructure and productive assets, not government consumption, amid mounting public and political concerns over Nigeria’s growing debt burden. READ MORE
2. TUC Rejects FG’s N70,000 Transport Allowance, Demands N300,000 Minimum Wage
- Labour Union Dismisses Six-Month Relief As Inadequate, Says Workers Need Salary Hike, Not Temporary Palliatives
The Trade Union Congress (TUC) has rejected the Federal Government’s N70,000 transport allowance for public service workers, demanding an immediate salary increase and proposing that the lowest-paid federal worker should earn as much as N300,000 monthly. READ MORE
3. Fidelity Bank Redeems $400m Eurobond At Maturity
Fidelity Bank Plc has successfully redeemed its 5-Year US$400 million Senior Unsecured Notes at maturity, reaffirming its commitment to meeting its obligations to investors and reinforcing its track record in the international debt capital markets. READ MORE
4. Tinubu Heads To Makkah To Pray For Nigeria, Atiku Demands Daily Video Proof
President Bola Ahmed Tinubu’s planned pilgrimage to Makkah for prayers for Nigeria’s peace and unity has triggered a fresh political controversy, with former Vice-President Atiku Abubakar demanding daily photographic and video evidence of the President’s presence in the Holy City. READ MORE
5. FG Approves N45.8bn Airport Biosecurity System To Detect Ebola, Deadly Pathogens
The Federal Executive Council (FEC) has approved a N45.8 billion biosecurity and disease surveillance system for five international airports in Nigeria to strengthen the country’s defences against Ebola and other dangerous infectious diseases. READ MORE
6. ‘Nobody Will Rig Elections Under My Watch,’ Obi Declares
The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has vowed to prosecute anyone found guilty of electoral fraud, including officials of the Independent National Electoral Commission (INEC), if elected president in 2027. READ MORE
7. FG Targets December Deadline To Present 2027 Budget
The Federal Government has begun work on the 2027 national budget, with plans to present the fiscal proposal before the end of 2026. READ MORE
8. Akin-Deko Estate Seeks Fair Settlement in Solel Boneh Dispute
A decades-old corporate dispute involving Solel Boneh Nigeria Limited (SBN), a construction company linked to infrastructure development in the former Western Region, is before the Federal High Court in Abuja. READ MORE
9. He Dreamt Of His Death But Never Told Me’ — Blessing CEO’s Heartbreaking Revelation
Popular Nigerian relationship influencer Blessing CEO has made an emotional revelation about her late nine-year-old son, Bryan, disclosing that the boy reportedly told several family members he had dreamt of his own death before he passed away. READ MORE
10. Liverpool, Man City March Into Carabao Cup Quarter-Finals
Liverpool and Manchester City have kept their hopes of lifting the Carabao Cup alive, with the Premier League giants seeking to advance in a competition that has already delivered a major shock following Arsenal’s elimination by fourth-tier Fleetwood Town. READ MORE
