archiveFebruary 1, 2019

Says borrowings still remains within the fiscal threshold The Minister of Finance, Mrs. Zainab Ahmed, has again allayed fears over Federal Government’s borrowings, saying that there was no cause for alarm as the borrowings still remains within the fiscal threshold. The minister spoke in Lagos at the Deloitte Economic Outlook...

  Trading activities on The Nigerian Stock Exchange (NSE) activities on the nation’s bourse opened for the month of February on Friday with a growth of 0.26 per cent, halting four consecutive days of bearish run. The market capitalisation increased by N30 billion or 0.26 per cent to close at...

President Muhammad Buhari has said that the Federal Government has in the last three years employed over 8.75 million Nigerians under its various empowerment scheme. He said seven million Nigerians were engaged under the N-Power scheme, which represented 70 per cent of the targeted beneficiaries, while 1.75 million others were...

  The militant group Boko Haram killed at least 60 people when it renewed its attack on the northeast Nigerian town of Rann on Monday, Amnesty International said on Friday. The attack was one of the bloodiest in the group’s decade-long insurgency. It came two weeks after Boko Haram had...

The meeting between the federal government and the leadership of the Academic Staff Union of Universities (ASUU) ended Friday without an agreement on the major issue at stake. The insistence by members of ASUU that the federal government should provide N50 billion as the first tranche of the revitalisation fund...

The Legislative Probity and Accountability Project (LPAP), in Abuja on Friday told governor Akinwunmi Ambode to ignore the summon of the Lagos State House of Asembly to appear before a committee to defend allegations against him or be impeached. The organisation said he should also not send his appointees as...

  The Economic and Financial Crimes Commission (EFCC) has secured an interim forfeiture of the sum of fromN1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira) only. The order was granted by Justice Lewis Allagoa of the Federal High Court sitting in Kano. In a statement by Ag. Head,...

The suspended Chief Justice of Nigeria (CJN), Walter Onnoghen, has explained the sources of the foreign currencies deposited in his domiciliary accounts. Onnoghen was suspended by President Muhammadu Buhari on a directive by the Code of Conduct Tribunal (CCT), before whom Onnoghen is standing trial over allegations of the fraudulent...

Ace Nigerian singers Tuface Idibia, MI Abaga and Chidinma Ekile have lent their voices against vote-buying during the 2019 general elections, as they jointly released a single hit ‘Not For Sale’. The News Agency of Nigeria reports that Teni D, Waje, Umar Shareef and Cobhams Asuguo also featured in the...

Foreign nationals have opted out of the Contributory Pension Scheme and withdrawn all their contributions from their respective Retirement Savings Accounts. The foreigners decided to return to their countries after working in Nigeria. Similarly, some retirees under the CPS, who could not be entitled to monthly pensions due to low...