Buhari Should Account For $1bn Security Fund Jointly Contributed By States – Gov. Ortom
Governor Samuel Ortom of Benue State yesterday asked the Federal Government to account for the $1 billion security funds jointly contributed by the 36 states of the federation to fight insurgency giving the worsening insecurity in the country. Speaki...
Hardship: Some People Working To Undermine Our Efforts — VP Shettima
The Federal Government has said that some people are working to undermine the efforts of the President Bola Tinubu administration to revamp the Nigerian economy. The Vice President, Sen. Kashim Shettima disclosed this at the Public Wealth Management Conference, in Abuja on Wednesday. Pointed accusing fingers at smugglers and politicians as brains behind the attempt to pull the nation backward. The VP...
Ban On Open Grazing: Miyetti Allah Urges Northern Governors To Revive Existing Grazing Reserves
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) says the North cannot afford to ignore the recent unanimous decision of southern governors to place a ban on open grazing in their states. Responding to the Tuesday Asaba Declaration of the governors, National Secretary of MACBAN, Baba Othman Ngelzarma, said northern governors should rise up to the challenge by working...
Experts Disagree As Presidency Claims Inflation To Drop To Single Digit
The Presidency has assured Nigerians that the inflation rate in the country is heading towards a single digit and would translate to better living conditions for the masses. Special Adviser to the President on Economic Matters, Tope Fasua, who gave the assurance, as guest on Channels Television’s The Morning Brief yesterday, also said the drop in the inflation rate has...
Umahi Holds #EndSARS Youth Summit, Earmarks N3bn Empowerment Fund
Governor David Umahi of Ebonyi state says the state government has earmarked N3 billion for the #EndSARS youth empowerment scheme. Umahi said this on Wednesday in Abakaliki, while declaring the Ebonyi #End SARS youth summit open. He said that his administration had put necessary machinery in place to ensure the appointment and election of youths into political positions. He appealed to youths...
Shell Sells Stake In Nigerian Oil Block For $533m
The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 percent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure to TNOG Oil and Gas Limited for a consideration of $533m. The oil major said in a statement on Friday that the completion followed the receipt of...
Travellers Stranded As Dollar Shortage Hits Banks – Report
Nigerians are finding it increasingly difficult to access the United States dollar at the Central Bank of Nigeria’s official rate for eligible transactions. Worse affected are those travelling abroad who are experiencing delays in accessing Busines...
FG earned N5.04tn from oil sale in 11 months – CBN
Between January and November last year, the Federal Government made about N5.04tn from the sale of oil, figures obtained from the Central Bank of Nigeria have revealed. The oil revenue, according to the CBN economic report for November, was lower than the N8.77tn revenue target provided for in the 2019 budget for the 11-month period. A breakdown of the N5.04tn oil...
It Makes No Sense, Former Statistician General Fault NBS Data That Says Unemployment Has Reduced
A former Statistician-General of Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has criticised the methodology used in calculating Nigeria’s unemployment rate from 20 hours to one hour per week. This comes barely a week after the NBS released a new data that put employment at 4.1 per cent from the 33.1% it was in...
Minister Says FG Can’t Continue Payment On Electricity Subsidy
The Minister of Power, Adebayo Adelabu, says Nigeria cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as the country is currently indebted to the tune of N1.3 trillion to generating companies (GenCos) and $1.3 billion owed gas companies Adelabu addressed a press conference in Abuja on Wednesday and said only...
