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 …
Read More »Nigerian stock market reacts to Brexit; drops 1.36%
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 …
Read More »Brexit: Buhari regrets British PM Cameron’s resignation; commends his ‘courage, respect for will of the people’
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 …
Read More »FG set to unveil plan for affordable housing, Monday
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 …
Read More »Buhari appoints Mustapha as new MD for NIWA
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, …
Read More »UNICEF identifies 3,000 children separated from their parents at Bama IDPs camp
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 …
Read More »Brexit: We regret but respect your decision — EU leaders tell UK
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 …
Read More »Sheriff cannot lead PDP again — Bode George
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 …
Read More »I stand by my story — Gov. Fayose insists
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 …
Read More »NASS passes NDDC 2016 budget
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 …
Read More »Militants hit Shell installation in Imo — Police confirm
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. …
Read More »Nigerian bags Special Prize for Social impact; as Innovation Prize for Africa 2016 unveils winners
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 …
Read More »I’m being prosecuted for perceived grievances – Dasuki
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. …
Read More »DHQ responds to coup rumours, appoints new Commander for ‘Operation Delta Safe’
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 …
Read More »Nestle, Zenith Bank, Access Bank, UBA gain; as market capitalisation rises by N324bn
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 …
Read More »Over 8m Nigerians to benefit from FG’s Social Intervention Project — Presidency
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 …
Read More »Fitch Ratings downgrades Nigeria
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 …
Read More »Buhari appoints new CPSO; charges public officers on diligence
President Muhammadu Buhari, Thursday, charged all public officers in the country to justify the confidence reposed in them by carrying out their duties satisfactorily, just as he also announced the appointment of a new Chief Personal Security Officer (CPSO) to his office. Buhari added that the need to raise their …
Read More »Political parties demand resignation of NSA, EFCC acting chairman within 7 days over committee member’s arrest
Political parties in the country under the aegis of the Conference of Nigeria Political Parties (CNPP) have demanded the resignation of the National Security Adviser (NSA), Maj. Gen. Mohammed Babagana Monguno (rtd), and that of the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu within …
Read More »Dangote Group receives more dollar allocations in Nigerian currency squeeze — Report
When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of dollars available at the cheap official rate, a study by Reuters shows. Reuters examined foreign currency transactions made during an 11-week …
Read More »Nigeria’s distributable revenues hit N305bn in May – Adeosun
Minister of Finance, Mrs Kemi Adeosun, Wednesday, disclosed that Nigeria’s distributable revenues to the three tiers of government rose in May to 305 billion naira ($1.07 billion), up from 281.5 billion in April, and further boosted by higher oil prices and tax revenues. Nigeria, an OPEC member with Africa’s biggest …
Read More »I will not fail Nigerians – Acting IGP Idris reels out agenda
The Acting Inspector General of Police (IGP), Ibrahim Idris, Wednesday, unveiled his plans for the organisation. Idris spoke after receiving the handover note from his predecessor, Solomon Arase. The ceremony took place at the Force Headquarters in Abuja. “The Nigeria Police will have as its main focus, integrity and accountability …
Read More »FG drags Anambra govt to Supreme Court over illegal land acquisition; claims N50bn for damages
The Federal Government has dragged the Anambra State Government to court in a N50 billion lawsuit over illegal land acquisition. The Federal Government, in the suit filed at the Supreme Court, had alleged that the Anambra state Government revoked 148.337 hectares of land at Amansea, in Awka North Local Government …
Read More »AMCON seals off Silverbird Group’s assets in P/H, Lagos, Abuja over N11bn debt; We will bounce back – Murray-Bruce reacts
The Asset Management Corporation of Nigeria (AMCON), Thursday morning, sealed off the Port Harcourt, in Rivers state, Abuja and Lagos premises of the Silverbird Group belonging to the senator representing Bayelsa East Senatorial District at the senate, Ben Murray-Bruce. The companies affected by the takeover include; the Silverbird Galleria Limited, …
Read More »Senate panel moves to amend controversial Standing Orders
A 12-man Senate Committee on peace and reconciliation, has asked the upper chamber to immediately initiate an amendment of the Senate Standing Orders. The Committee chaired by Senator James Manager (Delta South) also recommended that the Senate Standing Orders must be respected and adhered to in the working of the …
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