News
Tinubu to Present N47.9 Trillion 2025 Budget to National Assembly on December 17
President Bola Tinubu is set to present the proposed 2025 budget to the National Assembly on Tuesday, December 17, 2024.
This announcement came from Senate President Godswill Akpabio during a recent plenary session, where he informed lawmakers that the president had officially communicated his intention to appear before a joint session for the budget presentation.
Akpabio emphasized the significance of the upcoming presentation, marking a key moment in shaping Nigeria’s fiscal direction for the year ahead.
He stated, The president has expressed his readiness to present the 2025 budget before the National Assembly on December 17.
The proposed budget for 2025 stands at a staggering N47.9 trillion.
This figure was earlier disclosed by the Minister of Budget and Economic Planning, Atiku Bagudu.
Bagudu, who has been instrumental in driving economic reforms and policies under President Tinubu’s administration, noted that the budget reflects strategic investments aimed at economic growth, infrastructure development, and social welfare.
The presentation of the budget to a joint session of the National Assembly is a critical annual tradition, providing lawmakers with insight into the government’s priorities for the coming year.
It also allows for detailed scrutiny and discussions that shape national spending and development goals.
Entertainment
Gospel Singer Timileyin Ajayi Reveals Reason For Killing His Girlfriend
Gospel Singer Timileyin Ajayi reveals reason for action against his late girlfriend. The singer recently made headline for beheading his girlfriend and was caught with her head.
An insider source stated that he saw the singer acting suspicious and decided to question his movement.
After the singer was taken he was questioned about his decision. During an interview the suspect revealed that he killed her because he wanted to end their one year relationship.
He stated that it was because she had cheated on him and wanted to leave the relationship. He also confessed to not regretting his action.
News
Erik ten Hag Eyes Borussia Dortmund Job After Manchester United Exit
Erik ten Hag, the former Manchester United manager, is reportedly being considered as a future candidate to manage Borussia Dortmund, with the Dutchman being closely linked to the Bundesliga club since his departure from Old Trafford last October.
Although currently out of work, Ten Hag has been a regular visitor to Dortmund and has spent time with the club’s technical director, Sven Mislintat.
Sky Germany revealed that the former Ajax coach was given a tour of Dortmund’s business area, and he also had discussions with Mislintat during his visit.
Ten Hag was even in attendance for Dortmund’s recent 3-2 loss to Bayer Leverkusen, a match that added to the club’s struggles this season.
While Dortmund currently have Nuri Sahin at the helm, the club’s management is reportedly keeping an eye on the situation.
News
SEC Sues Elon Musk Over Delayed Disclosure of Twitter Stake Purchase
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against tech billionaire Elon Musk, accusing him of failing to promptly disclose his ownership of more than 5% of Twitter ahead of his acquisition of the company in 2022.
According to the SEC, Musk began purchasing Twitter shares early in 2022, surpassing the 5% threshold on March 14, 2022.
Under securities laws, Musk was required to disclose his holdings within 10 days, but he didn’t reveal that he owned 9% of Twitter until April 4, which was 11 days later than the legal deadline.
The delay in disclosure is said to have led to a 27% jump in Twitter’s share price after Musk made the announcement.
The SEC also claims that Musk’s actions resulted in an underpayment of at least $150 million for the shares he bought during that period.
The SEC is now seeking to have Musk repay the $150 million, plus additional penalties.
In response, Musk’s lawyer, Alex Spiro, defended his client, insisting that Musk had “done nothing wrong.”
Spiro also accused the SEC of running a “multi-year campaign of harassment” against the billionaire.
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