archiveJanuary 2019

Former president, Olusegun Obasanjo has spoken again, lashed out at President Muhammadu Buhari, saying the incumbent has issues trusting people not relating to him. Obasanjo, in an interview with BBC Yoruba, expressed his disappointments at President Buhari, emphasizing that Buhari, who is seeking re-election, is not relevant to those he...

The House of Representatives would meet with the Finance, Budget and ministers as well as the Director General (DG) of the National Budget Office over what it called fundamental errors in figures in the 2019 Appropriation Bill. Chika Adamu (APC, Niger) noted that proposed allocations to the Ministry of Finance,...

Foreign investors sold off Nigerian stocks valued at 642.65 billion naira (R29bn) last year, stock exchange data showed, 48 percent more than in 2017 as worries over weak growth amidst lower oil prices depressed sentiment. Risk aversion triggered by interest rate rises in the United States reversed capital flows to...

The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has expressed disappointment as Ghana overtook Nigeria as the top recipient of Foreign Direct Investment (FDI). The former vice-president said that sadly, this unfortunate economic indicator has escaped the attention of the current administration, who are more interested...

  President of the Nigeria Labour Congress, Ayuba Wabba, has lamented that minimum wage can barely provide basic necessities of life for workers in many parts of the world, noting that one per cent of the world population now controls half of the global wealth. Wabba made this known on...

The Senate on Wednesday confirmed Modibbo R. Hamman Tukur as director of the Nigerian Financial Intelligence Unit. President Muhammadu Buhari had nominated him as the director of the Nigerian Financial Intelligence Unit on January 7 in accordance with the provision of Section 5(1) of the Nigerian Financial Intelligence Unit (NFIU)...

  A bill to amend the Electric Power Reform Act to prohibit and criminalise estimated billing by the Electricity Distribution Companies (DisCos) has passed third reading in the House of Representatives. The house unanimously voted in favour of the bill when it was put to voice vote by the Deputy...

  Ahead of the Nigerian 2019 general elections, 11 election analysts and 40 long-term observers deployed by the European Union Election Observation Mission (EU- EOM) have arrived Nigeria. The team’s Chief Observer, Maria Arena, a Belgian and Member of the European Parliament, stated this on Tuesday at a press briefing...

South Africa’s MTN has paid $53 million to settle a money transfer dispute with Nigeria’s central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday. The central bank had ordered MTN and its lenders to bring back a total of $8.1 billion it alleged...

  The National Council of State has pegged the national minimum wage at N27,000 for states and the private sector. The council also pegged N30,000 as the minimum wage for federal workers. The council’s meeting held on Tuesday at the Presidential Villa, Abuja and was presided by President Muhammadu Buhari...