archiveDecember 2016

The social media and indeed Nigerians woke on Tuesday morning with the news of highly talked about social financial network popularly known as Mavrodi Mundial Moneybox (MMM) has been frozen for one month. In this analysis Niyi Olaoye speaks with participants on the possible negative pain on Nigerians if the...

….hosts Bayelsa State Assembly members Bayelsa State Governor, Hon. Seriake Dickson has said more projects would be inaugurated in the first quarter of 2017, to change the landscape of the state in demonstration of his administration’s preparedness to bequeath enduring legacies. Governor Dickson gave the assurance at a cocktail party,...

The incoming UN Deputy Secretary-General, Nigeria’s Ms Amina Mohammed, has thanked Secretary-General-designate, António Guterres, and President Muhammadu Buhari for the confidence they reposed in her. Mohammed, in a statement made available to the News Agency of Nigeria (NAN), in New York said she would continue to lay strong foundations for...

A sum of N386.879 billion was disbursed as Federal Allocation for November 2016 for the Federal Government, State Governments and Local Government Councils of the federation. The figure was released after the meeting of the monthly Federation Account Allocation Committee (FAAC) in Abuja on Thursday. According to figures released by...

The Federal Government on Thursday said the President Muhammadu Buhari-led administration was not responsible for the hardship currently being experienced by Nigerians as a result of the economic recession. The Minister of Budget and National Planning, Senator Udo Udoma, said this while answering reporters’ questions after the last meeting of...

Incoming United Nations chief Antonio Guterres on Thursday appointed Nigeria's Environment Minister Amina Mohammed as his deputy secretary-general amid a push by more than a third of the 193 U.N. member states for gender parity at the world body. According to Reuters report, Guterres, who will take over from current...

The equities market of the Nigerian Stock Exchange closed on Thursday on a positive note , to extend gains to sixth consecutive time. Specifically, the market capitalization gained N52 billion, to close at N9.138 trillion from N9.086 trillion it closed on Wednesday. The major market indicator, All Share Index appreciated...

The House of Representatives on Thursday received a report that Chinese nationals have invaded Nigeria’s forests, cutting down trees and illegally exporting woods out of the country. The lawmakers who were angry over the trend said the act was a major factor contributing to the fast depleting forest reserves in...

*Laud VP’s leadership of National Economic Council (NEC) *Council resolves to scale-up collaboration between FG, states amidst plan to rejuvenate economy State Governors, as members of the National Economic Council (NEC), have expressed satisfaction with the way the Buhari presidency has been working with state governments in the management of...

Nigeria’s Economic Council approves alternative funding for joint venture oil operationsNovember 17, 2016 Vice-President Yemi Osinbajo has said that the fuel subsidy removal has removed a burden of not less than N15.4 billion monthly from the Federal Government. Osinbajo said this in Abuja on Thursday at the 2016 presentation of...