Your business secure here, Buhari tells investors, as MTN comes with N360billion

The Federal Government is committed to providing an enabling environment for businesses to succeed, as partnerships between the public and private sectors remain the most viable means of bringing prosperity to the masses. President Muhammadu Buhari gave the assurance Tuesday as he received the Chairman, MTN Group, Mr Mcebisi Jonas, at...... read more


Uzodinma gives up security votes, embarks on power generation, petrochemical plants

Imo State governor, Hope Uzodinma, Tuesday announced that he would be forfeiting his security vote to enable him to meet up with the economic challenges in Imo, especially the payment of salaries and pension in the state. The governor, who spoke when he met with the Imo Economic Development Initiative, led...... read more


Ali's Customs is rotten, ex-CGS *May face fresh NASS crisis

The now rested battle between the National Assembly and the Controller General of Customs Col Hameed Ali (rtd), may be reignited if signals coming from the nation’s main legislative house comes to pass. Ali may have to explain how he has been running the Nigerian Customs Service (NCS) to the NASS...... read more


Buhari: We'll strike destroy Boko Haram same way we struck down Biafra

“If we were capable to fight a 30-month civil war and reorganised our country, I wonder why people are thinking that Nigeria cannot do it.” These were the words with which President General Muhammadu Buhari, raised hope on the eventual defeat of Boko Haram terrorists that have been ravaging Nigeria for...... read more


CBN retains monetary policy benchmark rate at 13.5 percent.

The Central Bank of Nigeria (CBN) has retained the monetary policy benchmark rate at 13.5 percent. The Monetary Policy Committee (MPC) also increased the Cash Reserve Ratio (CRR) from 22.5 to 27.5 percent. Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this during a press conference on Friday...... read more


BREAKING: Court halts proposed hike in electricity tariff

A Federal High Court sitting in Ikoyi, Lagos on Tuesday, harkened to the call by a groundswell of Nigerian to stop the proposed over 40 per cent increase in electricity tariff by the National Electricity Regulatory Commission (NERC). Justice Muslim Sule Hassan, after listening to the arguments of the Incorporated Trustees...... read more


Buhari destroying Nigeria’s future with loans - Obasanjo

Former President, Olusegun Obasanjo, has expressed deep pain that Nigeria is yet being yoked with loans, foreign and domestic, just a decade after exiting from the burden where it was forced to spend about $3billion, to service its loans to both Paris and London clubs. Obasanjo, spoke at a youth event...... read more


We’ll create our own wealth, no more dependence on federal allocation - AbdulRazaq

Kwara State has dedicated a whole ministry to enterprise as part of its larger strategies to grow businesses, encourage creativity, create more jobs and widen revenue generation base of the state, Governor AbdulRahman AbdulRazaq has said.  The Governor said a culture of waiting for monthly allocation from Abuja is neither sustainable...... read more


BREAKING: 39 world top companies bid for Lagos Fourth Bridge

Bids have poured in from all over the world, with no fewer than 39 received so far from construction companies for the construction of the proposed Fourth Mainland Bridge in Lagos, after the process was unveiled, on Tuesday. The Lagos State Government, which had advertised for expression of interest for the...... read more


Count me out of pensions - Amaechi *I’ve never demanded, I won’t collect any

Minister of Transportation, Rotimi Amaechi on Thursday swore that he had neither requested nor collected pension as a former governor of Rivers state, as he believed it was wrong for a serving senators or ministers to do so. Responding to the judgement of the Federal High Court, Ikoyi, on Wednesday, asking...... read more


Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS

In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and shorttenored forwards segment of the inter-bank foreign market. The CBN Director...... read more


WARNING: '80% of Nigerian earnings will be used to service debts if Buhari's $30billion loan is allowed'

The federal government will be using about 80 per cent of its revenue as interest payment on its debt which may rise to $104 billion should the National Assembly approve the request to borrow an additional $30 billion. Presently, the debt service to revenue of the federal government stands at 58...... read more


Earnings from oil too insignificant, Nigeria needs help - Buhari

Nigeria is rich in petroleum resources, but the challenges confronting the country are so enormous as to render the oil earnings insignificant, President Muhammadu Buhari has said. The President spoke Thursday at State House, Abuja, while receiving in farewell audience the Cuban Ambassador to Nigeria, Carlos Trejo Sosa, who has been...... read more


BREAKING: New VAT bill ready, as House concurs with Senate

Barely a week after passing the Finance Bill, 2019 submitted by President Muhammadu Buhari, the House of Representatives travelled the route on Thursday, approving the same bill. Members of the lower chamber of the National Assembly, passed the bill seeking to amend six tax provisions and make them more responsive to...... read more


Reconsider my $30billion loan request rejected by Saraki, Buhari begs Senate

President Muhammadu Buhari on Thursday reintroduced the $30billion loan request for strategic infrastructure, thrown out by the Senate under former Senate President, Bukola Saraki, saying it was crucial to his economic plans. The President, made the fresh request in a letter read by Saraki’s successor, Ahmad Lawan, at Thursday’s plenary, asking...... read more


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