How NASS raked N600bn in 4 years Nigerian lawmakers managed to approve only 106 new laws out of 1,063 brought before them in the last four years, despite spending more than half a trillion naira within the period, earning the notorious title as the world’s highest paid legislators. The figures mean for the National Assembly, with a combined...... read more
Salaries: LP opposes APC governors’ plea for bailout Labour Party, LP, has opposed plea made by All Progressive Congress, APC, governors to the President-elect, Gen. Muhammadu Buhar, retd, to help them to pay salaries owed to workers in their various states when he assumed office after May 29. The National Chairman of the party Alhaji Abdukadir Abdulsalam, while reacting...... read more
Discard Orasaye Report – NLC, TUC, tell Buhari *Say prisoners earn more than Nigerian workers *N90,000 minimum wage unrealistic A grim picture of the place of Nigerian workers was painted this morning by President of the Trade Union Congress of Nigeria (TUC), Comrade Bobboi Bala Kaigama, and his Nigeria Labour Congress (NLC), counterpart, Ayuba Philibus Wabba. Both speaking on Radio Link, a Radio Nigeria breakfast programme, said the situation was...... read more
Power Generation dips – Igali Dr Godknows Igali, the Permanent Secretary, Ministry of Power on Thursday said power generation in the country had dropped to about 2,800MW due to vandalism of gas pipelines. Igali spoke at a meeting with the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr Ade Abolurin and relevant...... read more
Senate passes N4.493 trn 2015 budget The Senate on Tuesday, passed the sum of N4.493 trillion budget for the 2015 fiscal year, but with an increment of N51 billion above the estimate of N4.425 trillion submitted to the National Assembly by the Federal Government for approval. This came as the Senate President, David Mark, tasked the executive...... read more
BREAKING: Jonathan orders release of “missing” $20 bn report President Goodluck Jonathan has ordered the immediate release of the full audit report of the Nigerian National Petroleum Corporation, NNPC, accused of diverting $20 billion oil money. The president gave the directive Monday, a day after the president-elect Muhammadu Buhari, pledged to launch an investigation into the claim made by a...... read more
NNPC starts refunding $1.48bn to federation account – Diezani The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Wednesday disclosed that the Nigerian National Petroleum Corporation has started refunding $1.48bn into the Federation Account as recommended by an audit firm, PriceWaterHouse Coopers. She however did not disclose how much has so far been refunded by the corporation. She also denied...... read more
Osun workers to boycott May Day celebration Labour unions in Osun State have agreed to boycott the activities to mark the 2015 May Day due to the non-payment of five months’ salaries by the state government. The factional Chairman of the Trade Union Congress, Mr. Francis Adetunji, said this in an interview with our correspondent in Osogbo on...... read more
‘Trillions of dollars needed in fresh bid to end poverty by 2030' World leaders have drawn up ambitious goals to end extreme poverty by 2030 and promote development over the next 15 years, but now they have to figure out how to pay the bill.  Trillions of dollars would be required to achieve the 17 Sustainable Development Goals (SDGs) that the United Nations...... read more
Okonjo-Iweala among 50 greatest world leaders The Minister of Finance Dr. Ngozi Okonjo-Iweala, has been named one of the 50 greatest leaders in the world by Fortune Magazine. Okonjo-Iweala was recognised alongside Liberian President, Ellen Johnson-Sirleaf; Pope Francis, Chinese President Xi Jinping; Indian Prime Minister, Narendra Modi; Bill and Melinda Gates, Facebook Founder, Mark Zuckerburg; and Apple...... read more
Aftermath of Presidential Poll: Dollar crashes Bureau De Change operators in Abuja have attributed the fall in the dollar to release of the foreign currency by hoarders who had stored it pending the outcome of the nation’s general elections. A cross section of the operators, on Tuesday in Abuja, said that the dollar sold as low as...... read more
Power Sector: Opposition has no alternative -Wakil The Minister of State for Power, Hon. Muhammad Wakil has declared that the opposition has no credible alternative to the on-going successful reform in the power sector. Hon. Wakil stated this during the signing of Memoranda of Understanding (MoU) between his Ministry and two Consortiums - Huawei Technologies of China and...... read more
Reps to pass budget after presidential poll The House of Representatives on Thursday adjourned till‎ March 31, skipping the passing of the 2015 budget till after the presidential poll. Presidential and National Assembly elections are fixed for March 28. There was anticipation that the estimated N4.3trillion budget would be passed on Thursday before the adjournment, but lawmakers adjourned...... read more
Fuel Scarcity ends Saturday As major petroleum marketers deploy 495 truckloads of  premium motor spirit (PMS) or petrol, popularly known as fuel, with a minimum capacity of 33,000 litres to Lagos and Abuja, the federal government has re-assured Nigerians that the scarcity of the commodity witnessed across the country currently will ease off by this...... read more
Jonathan hits back at Soludo over “missing N30 trillion” claim President Goodluck Jonathan seized the opportunity of an interview with a Nigerian newspaper last week to hit back at a former Central Bank governor, Charles Soludo, who accused his government of failing to account for at least N30 trillion, and allowing corruption to flourish. Mr. Jonathan dismissed Mr. Soludo’s claim as...... read more
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