Too much debt will kill Nigeria faster – Obi *African must learn from China Borrowing money without a viable template to pay back, will kill Nigeria than many other factors than the nation’s economy is presently grappling with, former Governor of Anambra State, Mr. Peter Obi, has said. Obi, spoke on the same day he asked African governments to look in the direction of China...... read more
Nigerians 're getting poorer everyday under Buhari -IMF The International Monetary Fund (IMF) has indicated that Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country. The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent in...... read more
UBA, Chinese bank, raise $100million for SMEs in Africa United Bank for Africa (UBA) Plc and China Development Bank (CDB), have signed a seven-year loan agreement for the financing and development of small and Medium Enterprises (SMEs) in Africa. Worth $100million or N35billion, the loan will enhance UBA’s capacity to provide access to finance the SMEs across the 19 African...... read more
Buhari: I have fixed Nigeria *Only “business as usual” exponents are complaining President Muhammadu Buhari, has gone into a chest-beating mode, waving off critics, who assail his records in handling the affairs of Nigeria, as "business-as-usual exponents," who must be ignored. The President, told his party supporters on Tuesday that contrary to the criticisms of naysayers, he has been able to fix things...... read more
Ambode signs 2018 Lagos appropriation bill into law as FG budget hangs in NASS The Lagos State Governor, Akinwunmi Ambode, on Monday signed the 2018 Appropriation Bill of the state into law with a total budget size of N1,046,121,181,680.00. The total budget size comprises of N347,038, 938,872.00 to be funded from the Consolidated Revenue Fund, and N699,082,242,808.00 from the Development Fund for both capital and...... read more
Corruption now worse in Nigeria, Transparency International, says Corruption is getting worse in Nigeria, according to the latest corruption perception index (CPI) released by Transparency International (TI). While the country scored 27/100 and was ranked 136th in 2016, the latest CPI scores Nigeria 28/100 but with a rank of No. 148 out of 180 countries surveyed — a significant...... read more
Presidential confession: Corruption has crippled Buhari's Social Intervention The Presidency has alerted of corrupt practices by some state officials in its Social Investment Programmes. Maryam Uwais, Special Adviser to the President on Social Intervention Programmes disclosed this to State House correspondents after her presentation to the National Economic Council. She said the Federal Government was weak in the monitoring...... read more
Fuel subsidy: Senate launches probe on NNPC, CBN The Senate Committee Chairman, Public Accounts, Senator Mathew Urhoghide has disclosed that his Committee has concluded arrangements to probe NNPC’s payment of fuel subsidy despite non provisions in 2016 and 2017 appropriations. Other agencies to answer questions on the sources of funds used for subsidy payment, he said, are “the Central...... read more
Your country needs you now, Obi tells Nigerians abroad *Calls for massive investments, ideas Former Governor of Anambra State, Mr. Peter Obi, has taken his skills as one of Nigeria’s most sought-after motivational speakers beyond the shores of the country to convince compatriots abroad to channel their resources homeward. In another electrifying outing similar to the ones back home, which has given him a different...... read more
BREAKING: EFCC can’t probe state governments, court holds With a new twist, which might have dealt a devastating to the powers of the Economic and Financial Crimes Commission (EFCC) when a court, on Tuesday, barred it from investigating the accounts of state governments, many present and past governors in their books, may eventually be laughing at its face, as...... read more
Saraki: Give Nigeria economic power, everything will be added Economic growth of Nigeria is the key to overall growth and wellbeing of its people, Senate President, Dr. Abubakar Bukola Saraki, said on Wednesday in Abuja. He told visiting members of the Technical Advisory Committee (TAC) on Companies and Allied Matters Act (CAMA), that the Senate was very particular about straightening the...... read more
FG finally ends 19-year-old feud, hands over ALSCON to Russian firm The two-decade-old feud over the ownership of the Aluminium Smelter Company of Nigeria (ALSCON) Ikot Abasi, Akwa Ibom State, finally come to an end, with the hand over of the firm to a Russian conglomerate, at the weekend. The government, gave official recognition to Messrs UC Rusal, a Russian Company, as...... read more
Minimum wage: FG gives Workers green light before end of 2018 The Minister of Labour and Employment, Dr. Chris Ngige, has said President Muhammadu Buhari is desirous to give Nigerian workers an enhanced pay package this year. Ngige who gave the assurance while speaking in Ifitedunu, a community in Anambra state maintained that the thinking of the Federal Government was to approve...... read more
BREAKING: NLC threatens to strike, lead Nationwide protest if fuel scarcity persists Organised labour on Friday threatened to embark on strike if the ongoing fuel shortage ravaging the nation extends to next year. A press statement issued on Friday said it also hailed the President of the Senate, Bukola Saraki, for directing the Senate Committee on Petroleum Resources (Downstream) to cut short its...... read more
NEITI to NNPC: Account for N5.15 trillion *They 're corrupt, fraudulent -David-West The Nigerian Extractive Industries Transparency Initiative, NEITI, on Friday released its 2015 Oil and Gas Industry Audit Report. One of the key recommendations of the report is a demand for the federal government to ask the Nigerian National Petroleum Corporation, NNPC, to fully account for over $16.8 billion (about N5.15 trillion...... read more
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Latest News Dapchi: This is not only a scam, APC has committed war crimes – PDP *Calls for UN probe Short spell: Ex-Flying Eagles handler, Amuneke dumps Sudanese club after four months BREAKING: Boko Haram releases Dapchi Girls *Parents joyous *We thank God - Presidency Withdrawal order: Police IG fires warning shot to Unit Commanders Poland friendly: Mikel, Etebo, Ajayi ruled out as Eagles begin training *Ezenwa, Akpeyi expected on Wednesday Excitement galore as FCTA hosts NYG Athletes, Officials BREAKING: 17-year-old assailant, gunned down in another US school mass shooting Dapchi: AI Report exposes Buhari’s conspiracy – PDP *NASS must conduct independent probe Obi, other SDG experts speak at UN event in Germany Dickson: We’ll bring back PDP defectors *Rallies support for Secondus


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