Day: May 16, 2017

Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they could extend an output cut into next year, while the euro struck a six-month dollar high. The world’s top two crude-producing nations raised the idea at the weekend, with a deal agreed between OPEC — of which Saudi Arabia […]

The Senate on Tuesday has given the Federal Government fresh conditions upon which it would consider and approve its $5.8 billion loan request from the China Exim Bank. The Federal Government had requested the sum for the construction of Standard Guage lines from Lagos-Kano, Kano-Kaduna, Lagos-Ibadan, and Lagos Calabar. While considering a motion moved by […]

The Senate has expressed concern over the failure of Government agencies to submit their 2017 budget proposal to the National Assembly in line with extant law. Deputy Senate Leader, Senator Bala Ibn Na’Allah who drew the attention of his colleagues to the abnormality during plenary on Tuesday, said it is wrong for agencies to spend […]

The Nigerian economy is gradually coming out of its worst recession in years, the finance minister, Kemi Adeosun, has said. “Nigeria is coming out of recession; we are beginning to see the signs and we will come out to become stronger,” the News Agency of Nigeria quotes Mrs. Adeosun as saying. Speaking at an Abuja […]

The Senate yesterday warned the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to stop making false claims on the on-going process of passing into law the Petroleum Industry Bill (PIB). In a statement by its spokesman, Senator Aliyu Sabi Abdullahi, the Senate said the PIB which has got to the final stage and […]

Nigeria has been ranked as the 13th least stable country in the world on the Fragile States Index, (FSI). The report, which was released on Monday by the Washington DC-based think-tank, Fund for Peace (FFP)‎, said South Sudan was the world’s most unstable country, followed by Somalia and Central African Republic. Four other African countries, […]

American electronic music trio – Major Lazer, composed of record producer Diplo, Jillionaire, and Walshy Fire. Here they recruits Yung L, Skales and Chopstix for the afro remix of their single – “Run Up”. “Run Up” is a song by American electronic band Major Lazer from their upcoming fourth studio album, Music Is the Weapon […]

The Nigerian Army says it has arrested a top Boko Haram commander notorious for terror activities in Yobe State and environs. A statement signed by Army spokesman, Brigadier General Sani Kukasheka Usman revealed that troops stationed at Forward Operation Base, Potiskum arrested the notorious Boko Haram commander in Yobe state. The suspect, a 35-year-old man […]

Nollywood movies got the highest number of nominations on the list for the 2017 Africa Movie Academy Awards (AMAA), which was unveiled by its jury on Sunday. The President of the Jury, Bernie Goldblat, announced the nominees at the Kigali Convention Centre in Kigali, Rwanda. Out of the total of 136, Nigerian movies got 43 […]

Tragedy struck in Kaduna on Sunday as 15 persons, including six national women leaders of the Evangelical Reformed Church of Christ, perished in an auto accident in the state. The accidents occurred at two different spots. The Federal Road Safety Corps’ Sector Head of Operations, Kaduna, Mr. Salish Umar Galadunci, confirmed the incidents. He, however, […]

The Economic Management Team led by the Acting President, Yemi Osinbajo, on Monday considered the funding options available for the implementation of the 2017 Appropriation Bill passed into law by the National Assembly last week. The issue was one of the major items on the agenda of a meeting, which was held at the Vice […]


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