Federal Government, through the Ministry of Finance, has concluded plans to host a stakeholders’workshop aimed at restructuring and reinvigorating Project ACT Nollywood. Project ACT Nollywood is a N3 billion grant programme established by the Federal Government under the Goodluck Jonathan administration specifically evolved to solve the main challenges impeding the …

Ekiti State public service workers, Friday, called of their four-week industrial action over salary arrears owed them by the state government. This is also as the labour unions in the state signed a seven-point agreement with the state government which spelt out modalities for the resolution of the impasse. Joint …

Abia State Governor, Dr Okezie Ikpeazu, has congratulated students and teachers following the state’s feat of topping the May/June 2015 West African Senior School Certificate Examination (WASSCE) result as released by the West African Examination Council (WAEC). A statement issued, Wednesday by his Chief Press Secretary, Enyinnaya Appolos, said in …

Nearly 200 people have died in the last month at a camp for people made homeless by Boko Haram violence in northeast Nigeria, an aid agency said Wednesday, warning of a growing malnutrition crisis. A Doctors Without Borders (MSF) team on Tuesday visited the camp, home to around 24,000 people …

Federal Government has signed a Memorandum of Understanding (MoU) with the Nigerian Sovereign Investment Authority to explore the investment opportunities especially in commercialized agriculture to boost food production in the country. The Minister of Water Resources, Engr. Suleiman H. Adamu, FNSE, at the signing ceremony between Federal Government and NSIA …

Trading on the Nigerian Stock Exchange (NSE), on Friday, ended on a negative note, halting a three-day rally due to profit taking and exit of Britain from European Union (EU). The News Agency of Nigeria (NAN), reports that the market capitalisation lost N145 billion or 1.36 per cent to close …

Reacting to the Friday morning results of a referendum in the United Kingdom which saw a 52% to 48% vote against the country’ s continued stay in the European Union (EU), President Muhammadu Buhari, Friday, expressed regrets over the subsequent resignation of the Prime Minister Cameron. It would be recalled …

Federal Government will, next Monday, unveil its plans towards the provision of affordable houses for Nigerians in line with the electoral promises of the ruling All Progressives Congress. Minister of Power, Works and Housing, Mr. Babatunde Fashola, will make the plan public on behalf of the government at the Affordable …

President Muhammadu Buhari has approved the appointment of Mr. Boss Gida Mustapha, as the new Managing Director of the National Inland Waterways Authority (NIWA). Director (Press and Public Relations) in the Office of the Secretary to the Government of the Federation, Mr. Bolaji Adebiyi, said this in a statement issued, …

United Nations Children’s Fund (UNICEF), Friday, disclosed that it has identified 3, 000 children who have become separated from their families at the Internally Displaced Persons (IDPs) camp located at Bama in Borno State. UNICEF, in a statement made available in Abuja, revealed that it has started to register the …

Leaders of the European Union (EU) have expressed regret over the decision of Britain to leave the union but say they respect the decision of the people. This is contained in a joint statement issued by the EU leaders, Friday in Brussels obtained from the Delegation of the European Union …

Super Eagles have been grouped alongside Algeria in Group B of the African qualifying zone draw for the 2018 FIFA World Cup finals in Russia. The Super Eagles will also face Cameroun and Zambia for the right to play at the World Cup for the sixth time. Three-time African champions, …

Dream Team IV coach, Samson Siasia has named Mancester City’s Kelechi Iheanacho, Arsenal Alex Iwobi, as well as Chelsea midfielder John Obi Mikel and Watford striker Odion Ighalo in the 35-man Nigeria squad for the Rio Olympic Men’s football squad. Mikel, Godfrey Oboabona and goalkeeper Daniel Akpeyi are the over-age …

Former Deputy National Chairman of the main opposition, Peoples Democratic Party (PDP), has told sacked national chairman of the Ali Modu Sheriff to end the impasse over control of the party and accept his fate in the interest of the party. Speaking to newsmen in Lagos on the leadership crisis …

Vice-President, Yemi Osinbajo, has warned that the Petroleum Industry Bill (PIB), when passed into law, will not cure all the ills afflicting the oil sector. Osinbajo, who spoke last Wednesday’s night in Abuja at the opening ceremony/dinner of the 10th annual business law conference organised by the section on Business …

Reacting to the reported rebuttal issued by the Zenith Bank over statement credited to Governor Ayodele Fayose of Ekiti State that the financial house funded his 2014 re-election campaign, the Ekiti State chief executive has insisted he stands b y his claim. Speaking through his Chief Press Secretary, Mr Idowu …

The National Assembly on Thursday passed the Niger Delta Development Commission (NDDC) 2016 budget. In the Senate, the budget was following the adoption of the report of the Senate Committee on Niger Delta presented by its chairman, Senator Peter Nwaoboshi. In passing the budget, the Senate reduced the initial budget …

Carnage came to global markets, Friday morning, as results of a historic Thursday referendum showed Britain had voted to leave the European Union (EU), sending the Pound Sterling on a record plunge and pummelling equities across the world. This is also as Prime Minister, David Cameron, announced his resignation from …

Police in Imo State have confirmed an attack on a facility belonging to Shell Petroleum Development Company (SPDC) at Awarra, Ohaji/Egbema Local Government Area of the state. Police Public Relations Officer in the state, Andrew Enwerem, told journalists in Owerri that the police received report of the attack early Friday. …

In a glittering ceremony that marked the five-year milestone anniversary of the Innovation Prize for Africa the landmark programme of the African Innovation Foundation (AIF) innovative healthcare solutions took pole position this year, offering ground-breaking responses to address Africa’s prevailing malaria and HIV/AIDS burdens. Out of a total of 985 …

Former National Security Adviser (NSA), Colonel Mohammed Sambo Dasuki (rtd) has told a Federal High Court in Abuja that he is being punished by some persons at the highest level of power in the country for perceived grievances they hold against him while in active military service many years ago. …

Sequel to the statement issued by the Nigerian Army dismissing reports of an impending coup by its personnel as alleged by a militant organization, the Defence Headquarters (DHQ) has also described the rumours as ‘not only baseless and misleading but a dream of those who do not wish the nation …

Nestle led the gainers’ chart, at Thursday’s activities on the floor of the Nigerian Stock Exchange with N23 to close at N855 per share with the market capitalisation appreciating by N324 billion Total came second with a growth of N15 to close at N195 and Dangote Cement garnered N9.71 to …

Special Adviser to President Muhammadu Buhari on Social Protection Investment, Mrs Maryam Uwais, Thursday, disclosed that no fewer than 8.4 million Nigerians will benefit from the Federal Government’s Social Intervention Project. Uwais made the statement in Abuja during a presentation, “Investing in our People,’’ she made at a workshop on …

Fitch Ratings has downgraded Nigeria’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and Long-term local currency IDR to ‘BB-‘ from ‘BB’. The issue ratings on Nigeria’s senior unsecured foreign-currency bonds have also been downgraded to ‘B+’ from ‘BB-‘. The Country Ceiling has been revised down to …