Headlines
Buhari Rewards Amusan, Brume, Other CWG Medalists with National Honours, N200m
President Muhammadu Buhari, on Thursday, conferred national honours on all Team Nigeria’s medalists at the 2022 Commonwealth Games (CWG).
According to a statement by Femi Adesina, presidential spokesperson, Buhari also approved cash rewards of N200 million to all members of the Nigerian contingent to the competition.
The president rewarded the athletes for their achievements at the CWG after receiving them at the state house on Thursday.
Nigeria won 12 gold, 9 silver, and 14 bronze — a total of 35 medals — at the games.
The Nigerian team also finished as the best-ranked African country on the medals table, placing 7th.
Tobi Amusan, who won gold in the women’s 100m hurdles and world record holder, was awarded the Officer of the Order of the Niger (OON).
Buhari rewards Amusan for her achievements at this year’s Commonwealth Games
Other medallists including Ese Brume, Blessing Oborodudu, Oluwafemiayo Folashade, Taiwo Liadi, Ikechukwu Obichukwu, Bose Omolayo, Favour Ofili, Nasiru Sule, Ifechukwude Ikpeoyi, Ebikewenimo Welson, Hannah Rueben, and Elizabeth Oshoba were also given national honours.
”I watched with millions of Nigerians those exciting moments when you all brought smiles to us and our homes by breaking world, national and games records, as well as achieving personal best in your careers,” Buhari said.
”Your outstanding performances in recent times are consistent with the determination of a nation always yearning for excellent performance.
”You all, members of Team Nigeria have ignited the spirit for victory in our nation but even more you have been victorious in major sporting championships and games.
”I have followed keenly your achievements at the World Championships in Oregon USA and indeed your remarkable performance at the recently concluded Commonwealth Games in Birmingham, United Kingdom.
”And I am very pleased that you displayed at both the personal and group levels great sporting talents and delivered for your country great podium performances.
”Twelve times the world stood still as our green, white green national flag was hoisted and the National Anthem recited. Thirty-five times we made it to the podium. You all Team Nigeria made that possible.
”You brought glory and honour to our country. And today, on behalf of the nation- I say, Thank you.”
US President Donald Trump has signed a federal spending bill, officially ending the longest government shutdown in American history.
The legislation, passed by the House of Representatives in a 222–209 vote, followed narrow approval in the Senate just two days earlier. The bill restores funding to federal agencies after 43 days of closure, bringing relief to millions of government employees and citizens affected by halted services.
Speaking after signing the measure on Wednesday night, Trump described the deal as a political victory, asserting that Democrats unnecessarily prolonged the shutdown.
“They didn’t want to do it the easy way. They had to do it the hard way, and they look very bad,” he said.
The temporary funding bill maintains government operations only through 30 January, creating a new deadline for lawmakers to negotiate a long-term budget solution.
As part of the agreement, Senate leaders committed to an early December vote on Obamacare subsidies, a key priority for Democrats during the shutdown standoff.
In addition to reopening federal offices, the bill provides full-year funding for the Department of Agriculture, military construction projects, and several legislative branch offices.
It also ensures retroactive pay for federal workers affected by the shutdown and allocates funding to the Supplemental Nutrition Assistance Program, SNAP, which helps about one in eight Americans access food.
The shutdown, which began in October, forced the suspension of many government services, leaving an estimated 1.4 million federal employees either furloughed or working without pay. It also disrupted food assistance programmes and caused widespread delays in domestic air travel.
With federal operations now resumed, attention in Washington has turned to whether Congress and the White House can reach a longer-term funding agreement before the new deadline at the end of January.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.
NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.
President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.
The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.
The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.
Implementation was slated to take effect on November 21, 2025.
The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.
While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.
Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.
In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.
Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
