NORTH KOREA FIRED SEVERAL BALLISTIC MISSILES INTO THE SEA. (PHOTO).

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 North Korea fired several ballistic missiles into the sea Monday, South Korea’s military said, hours after South Korean and U.S. troops kicked off their large annual combined drills, which the North views as an invasion rehearsal.  South Korea’s Joint Chiefs of Staff said the missile firings, North Korea’s fifth missile launch event this year, were detected from the North’s Hwanghae province but gave no further details such as how far they flew.  Earlier Monday, the South Korean and U.S. militaries began their annual joint military exercises, which are scheduled to last 11 days. The Freedom Shield command post exercise began after the South Korean and U.S. militaries paused live-fire training while Seoul investigates how two of its fighter jets mistakenly bombed a civilian area during a warm-up drill last week.  The drills' start drew the condemnation of nuclear-armed North Korea, which issued a government statement calling the exercises a “dangerous provocative act...
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FEC APPROVES 2025 BUDGET PROPOSAL, TINUBU TO PRESENT ON WEDNESDAY. (PHOTO).

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 FEC Approves 2025 Budget Proposal, Tinubu to Present on Wednesday


The Federal Government has approved the 2025 budget proposal, with President Bola Tinubu scheduled to present it to a joint session of the National Assembly on Wednesday, December 18, 2024. The budget, totaling N47.96tn, was delayed from the original Tuesday presentation to allow final adjustments. 


The proposal includes new borrowings of N9.22tn, with a projected revenue of N34.82tn. The budget aligns with the Medium-Term Expenditure Framework (MTEF) approved in November, which sets economic targets such as oil production of 2.06 million barrels per day and a $75 oil price benchmark. The presentation follows consultations between the executive and legislative branches.

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