archiveFebruary 2018

*Says non-FAAC FG remittances to states hit N1.91T The prudent management of Nigeria’s national resources and the firm stand against corruption, amongst others, are what have set President Muhammadu Buhari’s leadership from others, according to Vice President Yemi Osinbajo, SAN. Speaking at the Kogi Economic and Investment Summit in Lokoja...

The Senate on Wednesday passed the conference committee report on amendment to the Independent National Electoral Commission (INEC) Act. The passage of the report was followed by dissenting voices calling for points of order within the chamber. The amendment to the electoral act, if approved by President Muhammadu Buhari, will...

Consumers of premium motor spirit (PMS) also called petrol, paid an average of N190.90 per litre of the product in January, the National Bureau of Statistics,(NBS) has said. According to NBS, when compared with the retail pump price of N145 per litre approved by the Petroleum Products Pricing Regulatory Agency...

TheLeader of the All Progressives Congress (APC) , Asiwaju Bola Ahmed Tinubu, has told former President Olusegun Obasanjo and former Military President Ibrahim Badamasi Babangida to join the retirees club and enjoy their pension. Tinubu said this on Tuesday after a meeting with President Muhammadu Buhari at the Presidential Villa...

  The inflation rate, measured by the Consumer Price Index has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December, 2017, National Bureau of Statistics has said. The NBS disclosed this in its CPI report for January 2018 released on Wednesday in Abuja. The...

Delta Air plane in the early hours of Wednesday, made emergency landing at the Muritala Muhammed International Airport, Lagos shortly after taking off when the pilot of the plane noticed that the left engine of the aircraft caught fire mid air in-flight. The pilot of the Delta Air flight DL055...

    The Minister of Finance, Mrs Kemi Adeosun; and the Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), have denied the alleged diversion of $350 million belonging to the Nigerian Electricity Bulk Trading Company domiciled in the Nigerian Sovereign Investment Authority (NSIA). The NSIA also said the...

  The Lagos Chamber of Commerce and Industry (LCCI) has decried what it called indiscriminate valuation queries of invoice of imported items by the Nigeria Customs Service (NCS). It said the action would hinder economic growth. A Communique issued after the chamber’s council meeting and released to newsmen by Mr...

  The Federal Government on Monday reiterated its commitment to complete the ongoing construction of Lagos-Ibadan standard gauge rail line latest January 2019. The Minister of Transportation, Mr Rotimi Amaechi, gave this assurance at on-the-spot assessment of the progress work at Ologun Eru, Ibadan, Oyo State. Amaechi, who expressed satisfaction...

A Federal High Court sitting in Wawa Cantonment, Kainji, Niger State, on Monday sentenced 35-year-old Haruna Yahaya who participated in the abduction of over 200 schoolgirls in Chibok, Borno State, in 2014. The convict, whose left arm and left leg are crippled, was convicted for being a member of the...