Amaewhule-Led Assembly Gives Fubara 7 Days to Resubmit 2024 Budget
Posted onAuthorc4bnComments Off on Amaewhule-Led Assembly Gives Fubara 7 Days to Resubmit 2024 Budget
The Rivers State House of Assembly, led by Martin Amaewhule, has issued a 7-day ultimatum to Governor Siminalayi Fubara to resubmit the 2024 budget. This order comes after the first session of the pro-Wike House on Monday, following a hiatus of several months. Meanwhile, a parallel session is being held by another House led by Victor Oko-Jumbo.
Governor Fubara had initially presented the budget to a House loyal to him, with his current Chief of Staff Edison Ehie presiding as Speaker. Ehie and other pro-Fubara lawmakers passed the budget estimates, and the governor subsequently signed the bill into law, stating that it aims to promote economic development, inclusive growth, and address socio-economic inequality in the state.
CBN Pumps $150,000 Weekly into BDCs to Kill Black Market Premium and Stabilize the Naira The Central Bank of Nigeria (CBN) has taken its boldest step yet to reclaim control of the retail foreign exchange market, authorizing licensed Bureau De Change (BDC) operators to purchase up to $150,000 every week. This aggressive liquidity injection, announced […]
Saudi Arabia Quietly Eases 73-Year Alcohol Ban, Allowing Select Non-Muslim Premium Visa Holders Access to Diplomats’ Liquor Store In a subtle yet highly significant loosening of one of the kingdom’s strictest social laws, Saudi Arabia has quietly expanded access to alcohol sales beyond the diplomatic corps, according to reports from diplomats and foreign residents. The […]
‘Our Goal Is To Use Education to Drive Down Poverty,’ Tinubu Tells Duke of Edinburgh, Highlighting New Loan Fund President Bola Tinubu on Monday reaffirmed his administration’s commitment to prioritizing education as the principal tool for economic revitalization and poverty reduction. The declaration was made during a meeting with Prince Edward, the Duke of Edinburgh, […]