Makinde spends N1.8billion to light up Ibadan in 45 days *Explains reason for project Governor Seyi Makinde, on Friday, rolled out the N1.772 billion Ibadan light-up programme meant to illuminate the entire Ibadan metropolis and its environs, that has a 45-day window to accomplish. At the flag-off event, the governor noted that the government embarked on the deployment of smart LED street lighting technology to...... read more
Magu: $9billion can build a hospital in every Nigerian village *Vows to expose those behind contract The Acting Chairman of the Economic Financial Crimes Commission (EFCC), Mr Ibrahim Magu, says the commission will expose and prosecute all those behind a contract whose alleged breach led to the $9.6billion British court judgment against Nigeria.   The court judgment is a fallout of the contract purportedly entered into in...... read more
I beg you, return to site, Makinde pleads with contractor on Oyo silos project *Nothing must stop us now Even on bended knees, Oyo State Governor, Engineer Seyi Makinde, is begging for out of court settlement with the contractor handling the massive multi-million Naira to underscore his readiness for the project to be back on course. Makinde, who said he would not take an arrogant position on the project, which...... read more
The will be no fuel price increase, disregard rumours, NNPC tells Nigerians The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS). NNPC in statement by Group Managing Director, Mallam Mele Kyari, at the National Assembly Thursday did not suggest any plan...... read more
BREAKING: Nigerian economy collapsing in your hand, Emir Sanusi tells Buhari Unless President Muhammadu Buhari causes and immediate removal of subsidy on petroleum products and electricity tariff, the nation’s economy will collapse on his hand, Emir of Kano,  Muhammad Sanusi 11, said on Tuesday. He declared that Nigeria is on the threshold of bankruptcy following unfavourable economic policies such as subsidising petroleum...... read more
BREAKING: Fresh bank recapitalisation coming, as Emefiele rolls out second term agenda An elaborate programme of activities to give a jolt in the arm to the Nigerian economy, including another bank recapitalisation, was rolled out by Governor of the Central Bank of Nigeria, Godwin Emefiele, on Monday. The plan is coming in a five-point package that would focus on easy access to funds...... read more
Emefiele: We’ll freeze accounts of smuggling, dumping cabals The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele,  has spoken of harder times for those involved in the smuggling and dumping of goods in Nigeria, saying the bank has adopted a more stringent strategy to punish them even if they escape the borders. Emefiele, who spoke on the...... read more
Emefiele begins second, five-year tenure at CBN *To unfold agenda, soon Godwin Emefiele, on Monday, formally assumed duty after subscribing to the relevant Oath of Office administered by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau. The event, marks the beginning of the second term for the 12th Nigerian CBN governor and the only one to enjoy that privilege,...... read more
Akeredolu: Igbo (Indian hemp) could be Nigeria's economic saviour *Projects $145billion revenue The campaign for exploitation of Igbo, (Indian hemp), first suggested by the presidential candidate of African Action Congress (AAC), Omoyele Sowore, who said Nigeria could make a lot of revenues from it, appears to be gaining more grounds, even though it raised a lot of eyebrows initially. The recommendation, gained a...... read more
CBN pooh-poohs audio tape *Says, no money is missing from our coffers, no money will miss The Central Bank of Nigeria (CBN), on Sunday, waved aside the allegation of missing money from its coffers, saying the audio recording that has surfaced in the media depicting its officials as discussing the issue of some stolen money from the bank, is heavily distorted and totally taken out of context....... read more
I'm determined to sell NNPC, Atiku insists Undeterred by a wave of criticisms, former Vice President, Atiku Abubakar,  on Wednesday reiterated his statement to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23. Abubakar presidential candidate of the Peoples Democratic Party (PDP) spoke at a town hall meeting with ward, local government and state party leaders...... read more
BREAKING: Nigeria to reduce oil production for higher prices President Muhammadu Buhari Wednesday pledged the cooperation of Nigeria to the effort to reduce oil output in order to attract higher prices in the global market. Speaking at an audience with Mr Ahmad Qattan, Minister of State for African Affairs and Special Envoy of King Salman Bin Abdulaziz, Custodian of the...... read more
NNPC Seals $8.441b JV Deals With SEEPCO, Shell, Agip, Others To  further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base of the Corporation. In the last 12 months, the state-owned oil company under Baru and its third-party financiers...... read more
FG soon to source Forex from Dangote - Emefiele An elated Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Monday, said the federal government will soon start sourcing foreign exchange, forex, from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream. The potential reversal of roles was disclosed by Godwin Emefiele,...... read more
Atiku: In 2019, I’ll move Nigeria from world’s poverty capital *Buhari has nothing to offer Former Vice President, Atiku Abubakar, wants Nigerians to hand him the task of rescuing Nigeria and transforming it from its present status of world’s poverty capital to a country of hope. Atiku who is the candidate of the Peoples Democratic Party (PDP), for next year’s presidential election, is considered to be...... read more
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