• Nigeria: China Opens Door Wider to Nigeria - Ambassador

    [Focac] "The Export-Import Bank of China has approved $1.275 billion (about N408 billion) loan for the Lagos-Ibadan standard gauge rail line project."-- breaking news widely covered by Nigeria media recently. According to reporting, the Managing Director of Nigerian Railway Corporation Mr. Fidet Okheria said on January 29 that with the ...

  • How I helped ex-NAF chief, Umar, to divert N13.3bn – Witness

    Ade Adesomoju, Abuja A former Director of Finance and Accounts at the headquarters of the Nigerian Air Force, Air Commodore Salisu Yishau (retd.), narrated to the Federal High Court in Abuja, on Monday, how he helped  a former Chief of Air Staff, Air Chief Marshal Mohammed Umar (retd.), to divert ...

  • Fed Govt eyes $16.4b from assets sale

    The Federal Government plans to generate as much as $16.4 billion through assets sale in the next four years to reduce the burden on the public budget, a Budget Ministry document, has  shown. The sales will help to tackle inefficiencies and stem “corruption in public enterprises,” according to the document ...

  • NNPC to convert $144m petrol forex to diesel

    The Nigerian National Petroleum Corporation (NNPC) yesterday said it would convert the  $144 million Premium Motor Spirit (PMS) or petrol foreign exchange (forex) intervention to Automative Gas Oil (AGO) or diesel. This decision was part of its measures to sustain products supply stability across the country. The NNPC, a statement ...

  • Southwest governors restate commitment to regional integration

    Governors of Southwest states have agreed to collaborate on regional development. To actualise this, they set up a Regional Technical Working Group (TWG) on Integrated Infrastructural Development to incorporate multimodal transportation system. The governors also approved the report of the workshop on security, law and order in the Southwest hosted ...

  • Nigeria’s Economy: Public And Private Sector Convergence Of Ideas

    Last week, the public and private sector dialogued frankly, at the Nigeria Economic Recovery and Growth Plan Consultative forum in Abuja.  The event, which was opened by the Acting President, Professor Yemi Osinbajo, demonstrated the commitment government attaches to the nation’s economic recovery and growth. Dialogue and consultation with captains ...

  • Arik: Too Costly To Be Allowed To Fail

    It was Jawaharlal Nehru who once said: “Failure comes only when we forget our ideals and objectives and principles.” 2016 marked the 10th anniversary of Arik Airline. The airline rose from the ashes of the defunct national carrier, Nigeria Airways and efforts to create another one in partnership with Richard ...

  • Recession: Benue Students In Law School Send SOS To Gov. Ortom For Rescue

    … I will contact scholarship, attorney general – Ortom’s spokesman About 200 Benue State indigenes studying in the six Nigeria Law school campuses have sent Save Our Soul(SOS) to Governor Samuel Ortom,for rescue as the economic recession hit hard on them. Although, Governor Ortom’s Chief Press Secretary, Terver Akase, told ...

  • Abuja Lawyer Exonerates Govs, DG Over Alleged Diversion Of Paris Refund

    An Abuja based lawyer, and consultant to Nigerian Governors Forum (NGF) Dr. Kayode Ajulo of Kayode Ajulo & Co. Castle of Law, Abuja has exonerated members of the Forum, the State Governor’s and the D. G., Mr. Asishana Okaru, from the allegations of pocketing part of the Paris loan refund. ...

  • Kogi Businessmen Parnter With Gov. Bello On Development

    In a bid towards addressing the challenges confronting Kogi State, businessmen and women under the auspices of Kogi Business Community Abuja (KBCA), has concluded plans to engage the Kogi state governor Alhaji Yahaya Bello on how his administration will address some of these developmental issues. The forum also stated that ...

  • Nigeria's spiralling herdsmen-farmer violence fuels fears of humanitarian crisis

    Source: Thomson Reuters Foundation Country: NigeriaSome 27,000 people in Kaduna have been forced to flee their homes due to violence between Muslim herdsmen and largely Christian farmers which has killed at least 800 people.27,000 people in Kaduna have been forced to flee their homes due to violence between Muslim herdsmen and ...

  • Incêndio destrói 21 ônibus em garagem de empresa em São José dos Campos, SP

    Um incêndio destruiu 21 ônibus que estavam estacionados na garagem de uma empresa de transporte de passageiros na madrugada desta segunda-feira (13/2), em São José dos Campos, cidade do interior de São Paulo. O fogo começou por volta das 3h, e os dois funcionários - um vigilante e o encarregado ...

  • FG screens foreign scholarship applicants

    The Federal Ministry of Education on Monday, began screening of prospective students for the Bilateral Education Agreement Scholarship Award across the country. Malam Abdullahi Jibrin of the Federal Scholarship Board disclosed this at a news conference in Kaduna. He said that the exercise, which would last from Monday to Friday ...

  • Lawyer urges FG to make whistleblowing policy a law

    A constitutional lawyer, Mr Onyekachi Ubani, on Monday urged the Federal Government to make its policy on whistleblowing a law for proper enforcement. Ubani told newsmen in Lagos that the policy would be very effective in the recovery of looted funds when it becomes a law. The Federal Government on ...

  • Police release detained Ibadan Poly students

    The Students Union President of The Polytechnic Ibadan, Oluwadamilola Peter Edema and 18 other students of the institution who were detained at the Oyo State Police Command headquarters, Eleyele, Ibadan, have been freed. The students, according to the police Public Relations Officer, Adekunle Ajisebutu, were arrested on Friday for assaulting ...

  • Rates To Rise As CBN, DMO Mop Up Liquidity

    Rates at the interbank market are expected to spike this week as liquidity is mopped from the financial system through bond and Treasury Bills sales by both the Debt Management Office (DMO) and the Central Bank of Nigeria (CBN). A total of N252.43 billion is expected to be mopped from ...

  • BoI Pledges To Increase N1bn Fashion Fund On Viable Proposals

    The Bank of Industry (BoI) said it would increase its N1billion Fashion Fund if it received requests with potential and viable proposals. The bank said it was ready to finance it with other development banks, including Africa Development Bank. Acting managing director of the bank, Waheed Olagunju, made this disclosure ...

  • Bilateral Foreign Scholarship: FG Commence Screening Of Prospective Students

    The Federal Ministry of Education on Monday began screening of prospective students for the Bilateral Education Agreement Scholarship Award (BEA) across the country. Malam Abdullahi Jibrin of the Federal Scholarship Board told journalists in Kaduna that the exercise, which would last till Friday is taking place in the six geopolitical ...

  • NLC, TUC Move To Block Registration Of United Labour Congress

    The Nigeria Labour Congress  (NLC) and Trade Union Congress (TUC) have written to the minister of labour and employment, Dr Chris Ngige in an attempt to block the registration of  the United Labour Congress  (ULC) being flouted by erstwhile labour leader, Comrade Joe Ajearo “We also trust that your officers ...

  • Evolve Economic Policies To Guide Investors, FG Urged

    The school of Applied Arts and Sciences, Federal Polytechnic, Bida, Niger State has called on the federal government to as a matter of urgency, come up with policies that will lead to a shift in macroeconomic orientation on consumption to production and industrialisation as well as evolve statements on diversification ...

  • Work set to begin on new Lagos business city

    Maureen Ihua-Maduenyi The promoters of Imperial International Business City, a new joint venture development between Channeldrill Resources Limited and the Elegushi Royal Family of Lagos, have said that work will soon commence on the city. The Managing Director, Channeldrill, the lead JV partner, Mr. Femi Akioye, said the development of ...