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
Buhari to present 2018 budget Tuesday President Muhammadu Buhari has just written the House of Representatives seeking to present the estimates of the 2018 budget to a joint session of the National Assembly on Tuesday, November 7. The draft estimates of the budget has already been approved at an FEC meeting.... read more
Non-payment of salaries: Aregbesola blames PDP The Governor of Osun Sate, Ogbeni Rauf Aregbesola has ascribed the irregular payment of workers’ salaries by his administration and other states in Nigeria to “economic downturn induced by the brazen corruption, wanton theft of crude oil and mismanagement of the country’s resources by the Peoples Democratic Party (PDP) led Federal...... read more
Draft Proposal Of 2018 Budget gets FEC Approval The Federal Executive Council has approved the draft of the 2018 budget proposal. This was announced on Thursday by the Minister of Budget and National Planning, Udo Udoma, after the FEC meeting in Abuja, the nation’s capital. Briefing State House correspondents on the outcomes of the meeting, Udoma said a date would...... read more
Malabu Oil theft: FG harvest $85m from United Kingdom Nigerian Government on Thursday announced the recovery of $85m from the United Kingdom (UK). It said the money is part of stolen funds from the controversial Malabu Oil deal. Attorney General and Minister of Justice, Abubakar Malami stated this at the ongoing consultative meeting on assets recovery in Abuja. Malami decried...... read more
World Bank: Presidency attacks media, claims reports mischievous The Presidency on Friday said the reported discussion between President Muhammadu Buhari and the World Bank Group President, Jim Yong Kim, was deliberately twisted by those who it said specialise in such acts. Media reports had it that  Kim disclosed in Washington DC, United States of America, that Buhari had requested a concentration of the...... read more
IMF to FG: Nigeria's debt profile swelling up The federal government has been warned about its rising debt profile, especially foreign loans, by the International Monetary Fund (IMF). The financial institution issued the warning on Wednesday, October 11. This comes following President Muhammadu Buhari’s recent request to the National Assembly for approval to borrow $5.5 billion to fund the...... read more
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