Truth and Reason
By James Emejo in Abuja The Central Bank of Nigeria (CBN) Friday resolved to retain the Monetary Policy Rate (MPR) otherwise known as interest rate at 13.5 per cent. The MPR is the rate at which the CBN lends to the real sector and often determines the cost of borrowing in the economy. Addressing journalists […]
*Says nothing good comes easy Chuks Okocha in Abuja The presidential candidate of the Peoples Democratic Party (PDP) in the last general election, Atiku Abubakar, Friday said he was heading to the Supreme Court to ensure that votes of Nigerians count. He therefore sought for support of Nigerians in his search for justice via the […]
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President Muhammadu Buhari on Friday met behind closed doors with the Acting Head of Civil Service of the Federation, Dr Folashade Yemi-Esan, at the State House, Abuja. The News Agency of Nigeria (NAN) reports that Yemi-Esan took over from Mrs Winifred Oyo-Ita, who was asked to proceed on indefinite leave to allow conclusion of the […]
Alex Enumah in Abuja A former Director of Legal Services in the Ministry of Petroleum Resources, Mrs Grace Taiga, was on Friday arraigned before a High Court of the Federal Capital Territory over her alleged involvement in the signing of the controversial gas supply contract between the Ministry of Petroleum Resources and an Irish firm, […]
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Oluchi Chibuzor A report released by the Food and Agriculture Organisation (FAO) Thursday, titled, “Crop Prospect and Food Situation,” has listed Nigeria among 41 countries in need of external assistance for food with protracted conflicts primarily identified as driver of high levels of food insecurity. It also noted that adverse weather conditions – particularly rainfall […]
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Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has expressed optimism that Nigeria’s economy would blossom and commended the new Economic Advisory Council (EAC) constituted by President Muhammadu Buhari to advise him on the country’s economic growth and overall development describing the move as a proactive one, which is capable of elevating […]
As part of its commitment to sustainability, Delta Air Lines has announced that it is investing $2 million to partner with Northwest Advanced Bio-fuels, LLC (NWABF) for the feasibility study of a biofuel production facility to produce sustainable aviation fuel and other biofuel products. The sustainable aviation fuel, expected to be produced in a facility […]
By Eromosele Abiodun The federal government has been urged to compel the Nigeria Customs Service (NCS) to provide scanners at the nation’s sea ports so as to facilitate trade and enhance the ease of doing business. Speaking at maritime stakeholders’ forum in Lagos, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman, appealed to […]
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Chinedu Eze Frustrated by lack of promotions and transfer, some workers of the National Drug Law Enforcement Agency (NDLEA) have started agitation against the management of the agency, which may threaten the fight against illicit drugs in the country. In the past three years, the workers of the agency have mounted a campaign against the […]
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Shola Oyeyipo in Abuja Following the embarrassing situation created by the Process and Industrial Developments (P&ID) Limited’s $9.6 billion judgment debt against Nigeria, the House of Representatives has adopted a motion to compel the Presidency pesent all signed treaties to the National Assembly within 30 days for domestication. The call followed the adoption of a […]
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