Month: May 2017

The Chief of Defence Staff (CDS), Gen. Abayomi Gabriel Olonisakin, has supported the amendment of Armed Forces Act (AFA), saying the review would restore hope and dignity to their personnel. Olonisakin also seeks for statutory entitlements to members of the Armed Forces of Nigeria that were killed or wounded in action as such provision was […]

Governor Ayodele Fayose of Ekiti State has called on President Muhammadu Buhari to resign from office forthwith to discharge the moral burden, which his perceived incapacitation has placed on him. He said President Buhari has refused to be morally upright and pave way for capable hands to run the affairs of our country, which is […]

Acting President Yemi Osinbajo, has signed into law two bills from the National Assembly that will ultimately facilitate access to more affordable credit for Nigerians. The bills which have now become ‘Acts’ are the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit Reporting Act, 2017. ‘The Collateral […]

Russia’s Energy Minister, Alexander Novak, has unveiled his country’s interest to explore Nigeria’s oil and gas industry, saying that preliminary technical talks will commence as soon as possible between the two countries. He extended an invitation to Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to visit Russia during the next Gas Exporting […]

Nigeria’s external reserves, which have been on a downward slide since May 5, 2017, fell to $30.5 billion on May 25, indicating a decline of $494 million in 21 days, data on the Central Bank of Nigeria (CBN)’s website showed yesterday. The reserves have been rising steadily since March 28, moving from $30.3 billion to […]

The Attorney- General of the Federation and the National Drug Law Enforcement Agency have agreed not to extradite Sen. Buruji Kashamu to the United States until the determination of all court cases on the matter. Kashimu had gone to court to stop the two from extraditing him to face trial in the U.S over alleged […]

The Nigerian Police Force has arraigned one person for allegedly providing false information to the police in connection with the raid on the house of the Deputy Senate President, Senator Ike Ekweremadu. Mr Ahmed Echoda was arraigned on Tuesday allegedly providing false information to the police, leading to the raid of Senator Ike Ekweremadu’s house. […]

The Nigerian Senate has ordered the Ministry of Petroleum Resources to suspend the planned concession of the Port Harcourt Refinery to Agip and Oando. The Senate said the process should be suspended due to concerns over the transparency of the process. This was sequel to a motion by Sabo Mohammed. Speaking at plenary on Tuesday, […]

The entire Nigeria is up in arms about a perceived theft of Phyno’s song by an American singer named Pia Mia. The record in quote is a song named ‘I’m a fan’ which was released by Phyno in 2016 as part of his “The Playmaker” album. Phyno’s version featured Mr Eazi, and another relative newcomer, […]

Despite the low insurance adoption, penetration and acceptance in the country, Nigeria’s insurance industry is ranked fifth in Africa. The top five insurance markets on the continent are said to have overall market share of 85 percent of premiums across Africa. General-Secretary of the African Insurance Organization (AIO), Ms Prisca Soares, speaking at a press […]

The continued intervention of the Central Bank of Nigeria in the foreign exchange market to strengthen the naira is inevitable due to the volatile nature of the market, the President and Chairman of Council, Chartered Institute of Bankers of Nigeria, Prof. Segun Ajibola, has said. According to him, the FX market requires “constant policing”, adding […]

According to Punch, this was revealed to newsmen by the Minister of Information and Culture, Alhaji Lai Mohammed. The Chibok girls had earlier been allowed by the authorities to meet with their parents amidst joy and celebration. Reports say the school girls were however not allowed to go home with their families. According to Mohammed, […]

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