• FG proposes jail term for dollar hoarders

    Oyetunji Abioye with agency report The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is the latest measure the government and the Central Bank of Nigeria are considering to ...

  • Southwest governors meet today on economy

    Southwest governors will meet today in Ibadan, the Oyo State capital, on the economic development of the region, it was learnt last night. Expected are Governors Akinwunmi Ambode (Lagos), Abiola Ajimobi (Oyo), Rauf Aregbesola (Osun), Olusegun Mimiko (Ondo), Ayodele Fayose (Ekiti) and Ibikunle Amosun (Ogun). They are to discuss how ...

  • Investors sell shareholdings to cushion recession

    Institutional and individual major investors are selling their shareholdings  to cushion the effects of the  recession and cash crunch The Nation has learnt. Transactional documents on recent major sales showed that many institutional investors are increasingly turning to the stock market to source for funds through secondary shares sale to ...

  • Tompolo, kinsman trade accusations over pipelines bombings

    Embattled former leader of the Movement for the Emancipation of the Niger Delta Chief Government Ekpemupolo has disavowed threats to attack oil facilities in the Niger Delta. Some groups recently vowed to resume attacks on oil facilities, unless the EFCC drops fraud  charges against Tompolo. But Tompolo not only dissociated ...

  • Mamma Daura, Buhari’s Chief of Staff escapes abduction

    …gunmen abduct ex-minister of state, Hirse Former Minister of Foreign Affairs, Ambassador Bagudu Hirse, was yesterday abducted in Kaduna. According to an eyewitness, the incident happened in front of the residence of Alhaji Mamman Daura on Inuwa Wada Road, Unguwar Rimi  GRA, Kaduna. Our correspondent learnt that, President Muhammadu Buhari’s ...

  • Police confirm kidnap of ex-foreign affairs minister in Kaduna

    The Kaduna Police Command on Sunday confirmed the kidnapping of a former minister of foreign affairs Bagudu Hirse, by unidentified gunmen. The Command’s Public Relation officer, ASP Aliyu Usman, confirmed the incident in an interview with the News Agency of Nigeria in Kaduna. Usman said no arrest had been made ...

  • Former minister abducted in Kaduna

    A former minister of foreign affairs, Ambassador Bagudu Hirse has been abducted in Kaduna. According to Daily Trust, Hirse was whisked away by three unidentified gunmen in front of the residence of Alhaji Mamman Daura, President Muhammadu Buhari’s nephew, on Inuwa Wada road in Kaduna. The newspaper said, Hirse with a ...

  • How Masked Gunmen Kidnapped Ex-Minister, Hirse In Kaduna

    Details of how former minister of foreign affairs, Ambassador Bagudu Hirse was kidnapped in front of Mamma Daura’s house by unknown gunmen emerged. Sources said, the former minister was abducted on Sunday afternoon by the gunmen after firing a gun shoot to scare onlookers. The spokesman of the Kaduna State ...

  • Alleged N514.4m Fraud: Audio Evidence Played In Court

    A Lagos State High Court in Ikeja listened to an Audio recording of a conversation purporting to reveal how an advertising firm, Afromedia Plc, was defrauded of N514.4 million by a former Director of the firm, Mohammed Gobir. Gobir, who was also the chairman of Business Development Committee of Afromedia ...

  • European Commission turns a blind eye, claims Mizzi’s Panama company is only a national issue

    The European Commission is turning a blind eye to Minister without Portfolio Konrad Mizzi’s presence in Brussels on official visits following the Panama Papers revelations that he had a company in the secretive jurisdiction of Panama.The most recent of meetings took place just this week, when Dr Mizzi travelled to ...

  • Assign signing of death warrants to CJN, not govs –Ganduje

    Adelani Adepegba and Ted Odogwu Kano State Governor, Dr. Abdullahi Ganduje, on Saturday, suggested that the law mandating state governors to sign death warrants of condemned prisoners should be amended by the National Assembly and reassigned to the Chief Justice of Nigeria. While receiving the new Comptroller of Prisons, Kano ...

  • My life revolves around my work — Franklin Ozekhome

    Franklin Ozekhome is a marketing strategist and founder of TINK Africa, a consumer intelligence hub designed to inspire creativity, innovation and co-creation. In this interview with    KEMI LANRE-AREMU, he talks about his career and other related matters What schools did you attend? I left home at 16 to attend the ...

  • Enugu free trade zone to attract N240bn investment

    Stanley Opara The ENPOWER Free Trade Zone in Enugu State is expected to attract up to $500m (N240bn) worth of foreign direct investments from leading global manufacturing companies and the activities of the industrial clusters hosted in the free zone are also expected to create over 20,000 jobs across three ...

  • Eleven farmers caught with cannabis worth N309m in Osun

    Officials of the National Drug Law Enforcement Agency (NDLEA) on Friday said they arrested 11 suspects and destroyed 2, 317 bags of cannabis weighing 30,992kgs. The agency’s spokesperson, Mr Mitchell Ofoyeju, stated this in a statement on Friday in Lagos. He also said that some 67 bags were also transferred ...

  • CBN Gov proposes N100b tax on mobile phone users

    •Calls longer than 3 mins to attract surcharge •Says economy facing stagflation Mobile phone users will be in for hard times if proposal by the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to the federal government to introduce mobile phone call tax becomes a reality. The Governor, who broke ...

  • How Nigeria Should Engage US Under Trump – Enwegbara

    Odilim Enwegbara, a development economist and international finance specialist, is an alumnus of Massachusetts Institute of Technology and University of London. In this interview with CHIBUZO UKAIBE, he spoke on the significance and implication of Donald Trump’s emergence as President-elect of United States, to Nigeria and Africa. He also advocates ...

  • Labour, Afenifere slam ex-govs, others over jumbo pension

    Niyi Odebode, Fidelis Soriwei, Friday Olokor and Everest Amaefule The organised labour has condemned the practice of legislating to give huge severance packages and pension rights to former Presidents and governors in the country. The General Secretary of the Nigeria Labour Congress, Dr. Peter Ozo-Eson, and the President of the ...

  • Buhari signs eight bills into law

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Friday signed eight bills into laws. The bills were the ones that had earlier been passed by the National Assembly and sent to the President for assent. The Senior Special Assistant to the President on National Matters (Senate), Ita Enang, disclosed this to ...

  • 37 wnners emerge in Imperial City N42million draw

    It was joyful moment for thirty-seven winners in the first draw of the Elegushi Imperial City Promo with star prize of a 650sqm plot of land worth N42million at the  Inner city residential zone of Imperial international Business City Ikate Elegushi. Two persons carted with the second prize of N1million ...

  • How To Make A Woman Ask For More And Last 25mins In Bed. Become Your Bedroom Star

    It doesn’t matter if you’re hitting the rights spots or not – if you last only 30 seconds there’s no way your partner is going to have orgasms. simple and short. This article will tell you of the super effective method to bring your partner to orgasm, and 1 super ...

  • BREAKING: Buhari signs eight bills into law

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Friday signed eight bills sent to him by the National Assembly into law. The Senior Special Assistant to the President on National Assembly Matteras (Senate), Ita Enang, disclosed this to State House correspondents at the Presidential Villa, Abuja. He described the development as ...