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
Memo on fuel crisis: Kachikwu lies again – NNPC *He’s out to rubbish Kyari, Buhari There was no memo from Minister of State for Petroleum resources warning of the current fuel crisis in the country, and another reference to such can only mean that there is an attempt to rubbish the government that gave him his job, to satisfy a hidden agenda. A highly-placed source at...... read more
More Nigerians go jobless as unemployment rate gets worse -NBS Nigeria’s economic growth has been decelerating since the second quarter of 2014, cumulating in an economic recession in the second quarter of 2016. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s Gross Domestic Product (GDP). This is according to the...... read more
$1bn insurgency fund: Stop Federal govt now, Ekiti LG Bosses tell Court Chairpersons of the 16 local government areas in Ekiti State have dragged the Minister of Justice and Attorney General of the Federation (AGF) and governors of the 36 states to court over the decision to withdraw $1 billion from the Excess Crude Account to fight insurgency. The suit seems to be...... read more
BREAKING: Senate rubbishes 2018 budget proposal *It's full of padding, inaccuracies Members of the Senate at the plenary today criticised the 2018 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari. At the resumption of Legislative proceedings, Senators complained that 2018 budget is filled with inaccuracies, budget padding and inconsistencies. The Senate is maintaining that it cannot complete work on...... read more
Amaechi: Jonathan's Men employed Quacks in railway projects Minister of Transport, Rotimi Amaechi, has accused the past administration of awarding construction of railways to quacks. Amaechi said this when he appeared on Channels TV where he spoke extensively on the transport policy of this administration. The former Rivers State governor said the derailments witnessed in some rails in some...... read more
Ghost companies lift N1.1trillion oil from Nigeria *The NNPC connection Smarting from the allegation of N26billion shady contract awards, the Nigerian National Petroleum Corporation (NNPC), is once again in the news for the wrong reason, this time for allowing some unregistered companies to lift crude valued at N1.1trillion ($3.5billion). Minister of State for Petroleum Resources, Ibe Kachikwu, had a few months...... read more
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
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