2018: Senate overrules Buhari, jacks up crude oil price, heads to two weeks break *Budget passes second reading The Senate has passed the Medium Term Expenditure Framework (MTEF) for 2018 to 2020. In passing the MTEF on Tuesday, the Senate, however, increased the benchmark price of crude proposed by the Federal Government from 45 to 47 dollars per barrel. Also, the lawmakers approved 2.3 million barrels oil production per...... read more
Stolen Funds: Swiss Govt set to return $321m to Nigeria Switzerland will return to Nigeria around 321 million dollars in assets seized from the family of former military ruler Sani Abacha via a deal signed with the World Bank, the Swiss government said. Transparency International, a corruption watchdog, has accused Abacha of stealing up to five billion dollars of public money...... read more
Buhari appoints Zubir, new SEC DG *Assures uninterrupted, orderly operation Four days after the removal of Mounir Gwarzo as the Director General of the Securities and Exchange Commission (SEC), the Federal Government, on Sunday announced the appointment of Abdul Zubair, in his place, though in acting capacity. Efe Ebelo of the Commission’s corporate communications unit, in a statement, conveying the development,...... read more
A Mind-set for Succeeding in Today’s Nigeria: Full text of Emefiele's UNN Convocation Lecture Being the Convocation Lecture delivered by Godwin I Emefiele, CON, Governor, Central Bank of Nigeria (CBN), at the 47th Convocation Ceremony of the University of Nigeria, Nsukka, On November 30, 2017 Good morning distinguished ladies and gentlemen. I am truly honoured to be the 47th Convocation Lecturer of this prestigious institution, my alma mater;...... read more
Emefiele to Nigerian youths: You can rule the world *Now is your best chance “I challenge you, the next time you feel an urge to complain about something; the next time you see a complaint bubbling up inside of you, don’t complain! Rather interrogate it. Analyse it. Ask yourself what is the real problem here? Is anyone doing anything to fix it? If they are, is it the...... read more
Despite economic crunch, Cross River 2018 budget hits N1 trillion Gov. Ben Ayade of Cross River State has presented one trillion, three hundred and fifty billion, two hundred and twenty million, one hundred and fifty six thousand, two hundred and twenty five naira, thirty kobo (N1, 350, 220, 156, 225. 30) to the Cross River State House of Assembly. Ayade, who...... read more
Buhari yields to Govs' demands, orders payment of remaining Paris club fund President Muhammadu Buhari succumbed to pressure by state governors and has instructed that 50 per cent balance of the Paris Club refund should be paid to states. This is even as the governors have agreed to use the funds to pay workers’ salaries  in time for the yuletide celebrations. He gave...... read more
NBS: Why recession swallowed Nigeria's economy since 2016 Nigeria’s economy went into recession in 2016 because relevant authorities largely ignored data released by the National Bureau of Statistics (NBS) pointing out that the economy was heading in the wrong direction. Speaking at the 2017 African Statistics Day held in Abuja, the Statistician General of the Federation, Dr. Yemi Kale,...... read more
Succour, as court reverses BVN mandate Succour may have come to millions of Nigerian bank customers living outside the country, as a Federal High Court, Abuja, on Wednesday revoked the interim forfeiture order placed on bank accounts without the Bank Verification Number (BVN). Justice Dimgba Igwe, while reviewing his earlier judgement, on the matter, on October 17,...... read more
If I see Jonathan today, I’ll kneel down and thank him – Farida Waziri Instead of bitterness for expelling her from her job, former Chairman of the Economic and Financial Crimes Commission (EFCC), Farida Waziri, says she former President, Goodluck Jonathan, a basket full of thanks. In fact, she says that anytime she had the opportunity of meeting her former boss, she would go down...... read more
Call Avengers to order, Editors urge N’Delta monarchs *Nigeria can’t afford another recession Anything that would throw Nigeria into another round of recession, must be quickly nipped into the bud, the Nigerian Guild of Editors, said at the weekend. Rising from a meeting in Katsina, the body, particularly expressed worry over the threat by the Niger Delta Avengers (NDA) to resume attacks on oil...... read more
Emefiele: External Reserve will hit $40billion in 2018, expect a stronger Naira Nigeria’s external reserve will rise to as high as $40billion by 2018, Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said in Lagos at the weekend. He told his audience at the annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN), last Friday, such a rise would...... read more
BREAKING: Buhari in National Assembly, presents 2018 budget President Muhammadu Buhari on Tuesday formally presented an N8.6 trillion 2018 budget to a joint session of the National Assembly. Dubbed the ‘budget of consolidation,’ the budget was about 16 per cent increase from the N7.44 trillion appropriated in 2017. Mr. Buhari announced that the budget is projected at an oil...... read more
Despite 'visible' hardship, Lai assures Nigerians of better times ahead The President Muhammadu Buhari-led Federal Government has assured that as Nigeria’s economy continues to improve, prices of food items will soon “tumble.” Minister of Information and Culture, Lai Mohammed said Nigerians will soon begin to feel the impact of the country’s improved economy in their daily lives. Speaking in Lagos, Mohammed...... read more
Recession still much alive, Nigerians tricked to fool's paradise -Duke Former Cross River state Governor, Donald Duke has lashed out President Muhammadu Buhari-led government for rejoicing over Nigeria’s ‘exit’ from recession. This Day reports that Duke, who said he was broke, also advised the administration to work harder, stating that the masses were yet to feel the development.  Duke sounded a...... read more
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