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    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    President Noboa Stuns Nation with Sudden Diesel Subsidy Slash in Ecuador

    Larry Ellison tops Elon Musk as world’s richest person

    Larry Ellison tops Elon Musk as world’s richest person

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    Simon Ekpa sentenced to six years in Prison for terrorism offences

    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

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    SEC warns against investing with GVEST Global’s illegal schemes

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    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

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    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

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    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

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    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

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    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

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    Fidson signs partnership agreement to boost specialized medicine production

    Sovereign Trust Insurance Plc obtains approval for a Rights Issue of 2.84bn shares

    Sovereign Trust Insurance to raise ₦20.00 billion new capital

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    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

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    NGX Daily Equities Market Report: Market gains for third consecutive days

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    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

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BREAKING: Rishi Sunak set to be UK Prime as Mordaunt drops out of race

Monday, 24 October 2022, 2:36 pm
in News, World
0
BREAKING: Rishi Sunak set to be UK Prime as Mordaunt drops out of race
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Rishi Sunak is set to become UK Prime Minister seven weeks after losing to Liz Truss in this year’s first Tory leadership contest.

Recall that Truss, who succeeded Boris Johnson resigned last week Thursday after 45 days in office, saying she could not deliver the mandate she was elected on.

Sunak will be the UK’s first British Asian prime minister.

Sunak’s victory to succeed Truss comes after his opponent Penny Mordaunt who failled to get the backing of 100MPsdropped out of the Tory leadership race. She declared her full support to Sunak.

Announcing there was just one person with the backing of 100 MPs, 1922 Committee chairman Sir Graham Brady confirmed the new Tory leader Rishi Sunak will address MPs at 14:30 BST.

Here is Penny Mordaunt’s full statement:
“Our Party is our membership. Whether we are elected representatives, activists, fundraisers or supporters. We all have a stake in who our leader is.

“These are unprecedented times. Despite the compressed timetable for the leadership contest it is clear that colleagues feel we need certainty today. They have taken this decision in good faith for the good of the country.

“Members should know that this proposition has been fairly and thoroughly tested by the agreed 1922 process.

“As a result, we have now chosen our next Prime Minister. This decision is an historic one and shows, once again, the diversity and talent of our party. Rishi has my full support.

“I am proud of the campaign we ran and grateful to all those, across all sides of our party, who gave me their backing. We all owe it to the country, to each other and to Rishi to unite and work together for the good of the nation. There is much work to be done.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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