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In an exclusive interview with Fox News’ Special Report, Department of Government Efficiency (DOGE) head Elon Musk and his team pulled back the curtain on their mission to slash federal waste—revealing shocking examples of mismanagement, including a nearly $1 billion government survey that could have instead provided free homes for 4,000 homeless veterans. Musk, alongside DOGE members Steve Davis, Joe Gebbia, Aram Moghaddassi, Brad Smith, Anthony Armstrong, Tom Krause, and Tyler Hassen, detailed their aggressive cost-cutting efforts, which have already saved taxpayers $130 billion — roughly $807.45 per taxpayer — since the department’s launch. "The government is not efficient, and…
The Federal Government of Nigeria raised N1.94 trillion from bond investors in the first quarter of 2025, according to an analysis of Debt Management Office (DMO) auction results. This amount was significantly lower than the N2.52 trillion raised in the same period last year, reflecting a more measured borrowing approach. The government initially planned to offer N1.10 trillion in bonds but ultimately allotted N1.94 trillion due to strong investor demand. Total subscriptions reached N2.83 trillion, with more than 70 percent of bids accepted. Monthly Breakdown: - January 2025: Offered N450 billion, with bids totaling N669.94 billion - February 2025: Offered…
The Nigeria Customs Service (NCS) has announced a two-year exemption from import duty and Value Added Tax (VAT) for critical raw materials used in pharmaceutical production, as part of a presidential initiative to boost local healthcare manufacturing. Key Details of the Exemption The tariff relief, authorized by President Bola Tinubu and implemented through the Minister of Finance, Olawale Edun, covers: - Active Pharmaceutical Ingredients - Excipients - Packaging materials - Long-Lasting Insecticidal Nets - Rapid Diagnostic Kits - Reagents Eligibility Criteria The exemption is specifically targeted at: - Manufacturers recognized by the Federal Ministry of Health and Social Welfare -…
The Federal Government has announced Monday and Tuesday as public holidays to celebrate this year’s Eid-el-Fitr, marking the end of Ramadan. The Permanent Secretary of the Ministry of Interior, Magdalene Ajani, made the declaration in a statement issued on Wednesday. Eid-el-Fitr, a major Islamic festival, is observed by Muslims worldwide after completing 29 or 30 days of fasting during Ramadan. In his message, the Minister of Interior, Olubunmi Tunji-Ojo, called on Muslims to uphold the values of self-discipline, compassion, generosity, and peace. He stressed the importance of love, forgiveness, and unity in fostering a harmonious society. Tunji-Ojo also urged Nigerians…
Governors of the Peoples Democratic Party (PDP) have approached the Supreme Court to challenge President Bola Tinubu’s declaration of a state of emergency in Rivers State, calling it unconstitutional. On March 18, Tinubu invoked Section 305(5) of the 1999 Constitution to impose emergency rule, suspending Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and the state House of Assembly members for six months. He appointed Retired Vice-Admiral Ibok-Ete Ibas as sole administrator to oversee the state. The PDP governors—from Bauchi, Adamawa, Bayelsa, Enugu, Osun, Plateau, and Zamfara—argue that the president lacks the authority to remove an elected governor or deputy. They…
The National Bureau of Statistics (NBS) recently reported that Nigeria’s inflation rate fell to 23.18 percent in February, down from 24.48 percent in January. Despite this, many analysts questioned the figure and the new methodology. A few days after the report’s release, it was quietly taken down from the NBS website, raising concerns about data transparency and accuracy. Checks by TheCable Index on Monday showed that the report had been reuploaded but with notable changes. MISSING HISTORICAL DATA Deleted inflation data Re-uploaded inflation data In the initial version, following NBS tradition, the Consumer Price Index (CPI) report contained historical data…
The president of the Democratic Republic of Congo sent a letter to President Donald Trump offering a minerals deal in exchange for a security agreement with the U.S. that would remove violent rebels from the war-torn nation. "Your election has ushered in the golden age for America," President Félix Tshisekedi wrote in February to Trump, the Wall Street Journal reported Wednesday. "Our partnership would provide the U.S. with a strategic advantage by securing critical minerals such as cobalt, lithium, copper and tantalum from the Democratic Republic of Congo." The Congo has over $20 trillion worth of minerals available, according to…
With heavy hearts, we announce the passing of Professor Wale Are Olaitan, who departed this life today March 24, 2025, after a prolonged illness that began in 2020. Born in September 1964 in Ijebu Igbo, Ijebu North LGA of Ogun State, Professor Olaitan was a distinguished scholar, a passionate educator, and a relentless advocate for social justice. His academic journey began at Molusi College, Ijebu-Igbo, after which he worked briefly as a secondary school teacher before gaining admission to the Political Science Department of Ogun State University (now Olabisi Onabanjo University), Ago-Iwoye, as part of its pioneering class in 1982.…
An explosion has been reported at Soku gas pipeline along the Soku-Elok (Abua)-Rumuji-Bonny export terminal in Rivers state. Confirming the development, Christian Otiasah, an environmental manager in Soku community, said the explosion triggered a fire that began late Saturday night. Although the cause of the explosion remains unknown at the time of reporting, Otiasah said the incident occurred between 10 pm and 11 pm on March 22. “There was an explosion and there was an attendant fire. The fire has been put off. It was put off because the Soku gas plant is automated such that depending on the impact,…
The Federation Account Allocation Committee (FAAC) distributed N1.67 trillion to Nigeria's three tiers of government in February, representing a 1.49% decrease from January's allocation. According to Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation, the February distribution was sourced from: - Statutory revenue: N827.63 billion - Value-Added Tax (VAT): N609.43 billion - Electronic Money Transfer Levy (EMTL): N35.17 billion - Solid minerals revenue: N28.21 billion - Augmentation: N178 billion From the total gross revenue of N2.34 trillion available in February, deductions included N89.092 billion for collection costs and N577.097 billion for…
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May 08, 2025

‘Don’t worry’ about your salary early in your career, says Warren Buffett: Focus on this…

I worked at a financial magazine for much of my 20s, and for the most…
May 08, 2025

Pat Utomi forms ‘shadow government’. These are the members and what they’ll do

Economist and political activist, Pat Utomi has assumed a formal opposition role with the formation…
May 09, 2025

Ultra-processed foods are driving premature deaths. Here are the 4 common culprits

Ultra-processed foods are getting a lot of attention. Research links them to cancer, heart disease,…
May 03, 2025

Man accidentally buys his own car after it was stolen a few weeks earlier

An English man unknowingly bought back his own Honda Civic just weeks after it was…
May 07, 2025

Gunmen invade Plateau communities, kill six, injure several

No fewer than six persons were killed in renewed attacks in Marit and Gashish communities…
May 09, 2025

Here’s the latest as Israel-Hamas war enters Day 581

Israel says it intercepted missile fired from Yemen; Houthis claim responsibility Israel's military said on…
May 07, 2025

The first driverless ‘trailers’ have started running regular longhaul routes

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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