Saturday , May 26 2018
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Soldiers, herdsmen, terrorizing my people – Taraba Gov

  Taraba State Governor, Darius Ishaku, has cried out over what he described as the continued wave of attacks across the various communities in the state. Ishaku addressed the media in Abuja shortly after the National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP). He described Takum in southern Taraba as the worst hit, saying communities in the ... Read More »

45 police officers who arrested ‘billionaire kidnapper’ Evans get special promotion

The Police Service Commission (PSC) said on Thursday that 45 officers who participated in the successful arrest of notorious kidnap kingpin, Evans, have been granted special promotion. A statement by Ikechukwu Ani, a spokesperson for the PSC, said the promotions were ratified today at a plenary presided over by Mike Okiro, chairman of the commission. Thirteen of the officers were ... Read More »

OPEC estimates oil-driven investments to hit $10.5trn by 2040

The Organisation of Petroleum Exporting Countries (OPEC) has estimated a significant rise in global oil-driven investments up to the tune of $10.5 trillion by 2040. OPEC’s Secretary General, Muhammed Barkindo, who disclosed at the cartel’s 5th Kuwait Oil & Gas Show, noted that the sector had suffered a terminal crash in capital expenditure, freezing more than $1 trillion worth of ... Read More »

IMF cautions on Nigeria’s debt servicing ratio, says it’s ‘too high’

The International Monetary Fund, IMF, has again expressed concerns about Nigeria’s debt servicing capacity, as the size of the total debt keeps rising against its revenue. Speaking at a press conference, yesterday, on the side-lines of the on-going World Bank Group Spring Meetings in Washington DC, Mrs Catherine Pattillo, Assistant Director, Fiscal Affairs Department, IMF, described the country’s debt to ... Read More »

Minimum wage: Ex-NBA President, Wole Olanipekun, backs Labour on N56,000

A former President of the Nigerian Bar Association, Chief Wole Olanipekun (SAN), has urged the Federal Government to grant the N56,000 minimum wage demand by the Nigerian Labour Congress, saying it is not too much considering the depreciation of naira. He lamented that the nation’s leaders had not shown enough concerns and empathy for the Nigerian workers and the unemployed ... Read More »

Udoma to London investors: It’s time to invest in Nigeria

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, Wednesday, told participants at the United Kingdom-Nigeria Trade and Investment Forum in London that now is the right time to invest in Nigeria “with economic policy initiatives yielding positive results coupled with a stable political climate.” The Special Adviser (Media) to the minister, Mr. Akpandem James, quoted Udoma as ... Read More »

Sex-for-mark Scandal: OAU indicts professor, suspends him indefinitely

Obafemi Awolowo University, Ile-Ife, has directed Richard Akindele, the professor at the centre of the leaked sex-for-mark audio scandal, to proceed on an indefinite suspension. The university says he was found guilty of serious misconduct. Online newspaper, Premium Times, had reported how a panel set up by the university to investigate the scandal submitted its report on Wednesday. Mr Akindele appeared before ... Read More »

Nigeria, S/Africa, Angola account for 60% of SSA’s GDP  – World Bank

The World Bank today listed Nigeria, South Africa, and Angola as top regional economies that contributed about 60 percent of sub-Saharan Africa’s annual Gross Domestic Product (GDP) in 2017. The Managing Director, International Monetary Fund (IMF), Christine Lagarde, said that Sub-Saharan Africa remained on course for economic growth of 3.1 percent this year, marginally slower than it previously forecasted but ... Read More »

IMF forecasts 2.1% growth for Nigeria, predicts oil prices slump

The International Monetary Fund (IMF) has projected that the Nigerian economy would grow from 0.8 per cent in 2017 to 2.1 per cent by the end 2018 and by 1.9 per cent in 2019. Curiously, the Fund’s projection is coming just about two months after the World Bank predicted that Nigeria will record at least 2.5 percent economic growth this year, ... Read More »

Lagos Blue Line rail 95% completed – Commissioner

  Lagos State Commissioner for Transportation, Mr Ladi Lawanson, has said the state government has achieved 95 per cent completion of the ongoing Blue Line rail construction spanning Mile 2 on the mainland to Marina on the island. Lawanson said this on Tuesday at a media briefing to mark the three years in office of Gov. Akinwunmi Ambode. According to ... Read More »