archiveJanuary 16, 2020

The Federal Government has revealed plans are underway to provide alternative petrol -Compressed Natural Gas (CNG) – for the common man that will cost between N95 to N97 per litre. This is according to The Nation’s report, even as it also promised to pass the Petroleum Industry Bill(PIB) before May...

President Muhammadu Buhari would leave Nigeria to the United Kingdon on Friday to participate in a summit slated for Monday, January 20, 2020. This was made known by the Special Assistant on New Media to the Nigerian Leader, Bashir Ahmad on Twitter. According to the aide, the president is going...

  The Peoples Democratic Party (PDP) has knocked the panel of Supreme Court justices that delivered judgment in the Imo State governorship election. The party asked for a review and reversal of the judgment and called on the Chief Justice of Nigeria (CJN), Justice Tanko Muhammad to step down. At...

  Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, a debt office presentation showed. The debt office said local fund managers bought most of the bonds in 2019, accounting for...

  Lagos State Governor, Mr. Babajide Sanwo-Olu, has announced a minor cabinet reshuffle, with the appointment of three new members. A statement by the Chief Press Secretary to the Governor, Mr. Gboyega Akosile, said eight cabinet portfolios affected by the redeployment include Ministries of Local Government, Special Duties, Wealth Creation...

  The increase in activities and threats by terrorist groups in the Sahel region can be largely curbed by stepping up relations between Nigeria and the United States of America, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this in Abuja on Thursday when he received the new...

The National Agency for Food, Drug Administration and Control (NAFDAC), has concluded plans to host a world trade conference for the regulation of drugs, food and other products in the market in Feb. The Director of Public Affairs, NAFDAC, Dr Jimoh Abubakar, disclosed this in an interview with the News...

Prominent Yoruba leaders on Thursday called for synergy among regional security outfits in Nigeria to ensure better security and proper coordination in the country. The News Agency of Nigeria (NAN) reports that they made the call at the second installation anniversary of Iba Gani Adams as the Aare Onakakanfo of...

The national grid experienced another system collapse on Thursday, first in the year, causing a power outage in some parts of the country. “Dear Customer, present outage affecting all is a TCN System Disturbance on the grid. Power to be restored as soon as available,” Eko Electricity Distribution Company tweeted...

Economists at Financial Derivative Company (FDC) said the country will experience an uptick in inflation rate and a further decline in its foreign exchange buffer as the government juggles various economic options to steady the economy on the path of growth in 2020. This is contained in its monthly economic...