Suleman Points Jonathan’s Administration For Looting

Apostle Johnson Suleman

General Overseer of Omega Fire Ministries, Apostle Johnson Suleman, in a post published via his official Twitter handle on Saturday accused the administration of former President Goodluck Jonathan of looting ‘so much money’ from the government treasury. Suleiman, a fierce critic of the current administration under President Muhammadu Buhari, wrote: “Someone asked me why I’m … Read more

13.8 Million Households To Embrace Cooking Gas In Next 5 Years, Says Osinbajo

Cooking Gas

Nigerian Vice President, Prof. Yemi Osinbajo,  on Friday while inaugurating a landmark LPG cylinder manufacturing plant, built at Ajah, near Lagos by Techno Oil Limited said that the Federal Government has put measures in place to ensure that up to 13.8 million households in Nigeria embraced usage of Liquefied Petroleum Gas (LPG) for their cooking … Read more

Court adjourns Nigeria’s $406.7m Debt Recovery Suit

Shell To Exit Nigeria As Company Bemoans Hostile Business Environment

A Lagos Division of the Federal High Court on Thursday adjourned until June 19, hearing in a debt recovery suit filed by the federal government against Shell Western Supply & Trading Ltd, over an alleged $406.7 million shortfall in crude oil shipment. The suit numbered FHC/L/CS/336/16 was filed by FG’s counsel, Fabian Ajogwu, a professor … Read more

Nigeria’s Rice Production Boost As German Govt Plans To Invests €2m

Nigeria’s effort at ensuring the nation become a major producer of rice seems to be getting the desired fillip as the German government, with support from the Bill and Melinda Gates Foundation, has stated its commitment to provide €2 million for the implementation of the second phase of the Competitive African Rice Initiative (CARI) in … Read more

Godwin Emefiele Begins Second Tenure As CBN Governor

Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, has begun his second tenure, following the confirmation of his re-appointment by the Senate on May 16. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau. … Read more

DMO Says Nigeria’s Total Debt Stock Now N24.3trn

The Debt Management Office (DMO) has announced Nigeria’s total debt stock comprising external and domestic debts stand at N24.387 trillion. Director General of the DMO, Ms. Patience Oniha made this disclosure at the public breakdown of the nation’s public debt data in Abuja on Thursday. According to Oniha, “the Total Public Debt stood at N24.387 trillion … Read more

Chief of Defence Staff Defends Militarisation of Elections

  Chief of Defence Staff, CDS, General Abayomi Olonisakin, has defended the militarisation of the just concluded general election, saying if there was no such deployment of the military, the security situation in the country would have been jeopardised. Speaking yesterday in Abuja during the orientation programme for Senators-elect and members of the House of … Read more

Brokers Lament Poor Nigerians’ Insurance Culture

  Nigerian Council of Registered Insurance Brokers, NCRIB, has frowned at Nigerians poor attitude towards insurance and dependence on government for compensation after a major incident or disaster. Executive Secretary of NCRIB, Mr. Fatai Adegbenro, noted that insurance is the best form of risk transfer mechanism, adding that government cannot pay compensation the way the … Read more

NECA lauds Buhari for refusing assent on National Housing Fund Bill

Buhari

Nigeria Employers’ Consultative Association, NECA, yesterday, praised President Muhammadu Buhari for declining assent to the National Housing Fund (Establishment) Bill 2018 sent to him by the National Assembly. NECA, in a statement, said the body was very happy that President Buhari directed that the Bill be returned to the National Assembly for amendment of the … Read more

Nigerians Now 6th Most Miserable People In The World —Report

    Data compiled by Steve Hanke, an economist from John Hopkins University in Baltimore, United States, has classified Nigerians as the sixth “most miserable people in the world.”   The Misery Index was calculated using economic indices including unemployment, inflation and bank lending rates.   Venezuela, Argentina and Iran, the countries which topped the index, had high inflation … Read more

Senators, Reps-elect Get Certificates of Return Today

  Independent National Electoral Commission, INEC, has dismissed speculations that it had altered its earlier plan to present Certificates of Return to newly-elected federal lawmakers, saying the event will go on today as scheduled. There were reports that the event had been shifted to March 23, but when contacted, Chief Press Secretary to INEC Chairman, … Read more

National Development: Stakeholders Harps On Need for Infrastructure Development

Fashola

  Stakeholders who gathered at the just- concluded maiden edition of the Nigerian Infrastructure Development Awards, NIDA, held in Lagos, have emphasized the need for rapid infrastructural development across the country to ensure national development. The theme of the event organized by Prospers Strategy Limited was Solid Infrastructural Backbone as Catalyst for National Development. In … Read more

FG Should Urgently Address Pressure Points In The Economy-FSDH Merchant Bank

FSDH Merchant Bank has called on the federal government to focus on addressing pressure points in the nation’s economy as a priority after the conclusion of the presidential election. Making this call at the media presentation of the bank’s monthly economic and financial market outlooks, Head of Research, FSDH Merchant Bank, Mr. Ayo Akinwunmi noted … Read more