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Saturday, January 25, 2020

Ruth Olurounbi

Zainab Ahmed is one of Nigeria’s most powerful ministers, analysts say

President Muhammad Buhari’s appointment of Zainab Ahmed as Minister of Finance, Budget and National Planning makes her one of the most powerful member of his cabinet, analyst who are unimpressed with her previous performance say. With her combined role, Ahmed...

Nigeria celebrates 3 years of being polio free

Nigeria will begin filing documentation towards the final certification that will declare the West African country polio free, three years after a case of Wild Polio Virus (WPV) was detected in the North-East. The Executive Director, National Primary Health Care...

Nigeria’s remittance inflows surpassed foreign aid in 2018, PwC says

Remittances into Nigeria was 6.8 times larger than the net foreign aid of $3.4 billion received in 2018, a member  of the global Tax and investment advisory, PricewaterhouseCoopers (PWC) Limited said Tuesday. Migrant remittances was 77.2 per cent of the...

Nigerian Presidency says FIRS boss, Fowler, not being investigated

The Nigerian Presidency clarifies Monday that Federal Inland Revenue Service chair, Babatunde Fowler is not being investigated, following a query issue by the Chief of Staff to the President, Abba Kyari, asking Fowler to explain revenue shortfalls in three...

CBN governor defends Buhari’s forex restriction directive, says regulator compiling list for food import ban

CBN governor defends Buhari’s forex restriction directive, says regulator compiling list for food import ban The Central Bank of Nigeria (CBN) will conform with President Buhari’s forex restriction for import for food items, governor of the regulatory bank, Godwin Emefiele...

Nigeria will appeal U.K order on $9bn payment to P&ID

The Nigerian government is preparing an appeal against a U.K. court ruling that may force the country to pay about $9 billion to Process & Industrial Developments Ltd. (P&ID) over a gas processing dispute, Governor Godwin Emefiele of the Central Bank...

Wheat import to Nigeria seen rising by 200,000 tons on expanding population

Nigeria's exploding population growth, as well as industrial demand for wheat, key ingredient for making biscuit will likely drive imports into Africa largest oil producer by 200,000 tons or four percent for the marketing year of 2019/20, as production...

Nigeria seeks certification to export honey to EU, Awolowo says at TEF forum

Nigeria is working to get certification from the European Union to export its agriculture products, Olusegun Awolowo, the chief executive of Nigerian Export Promotion Council (NEPC) said at the ongoing Tony Elumelu Foundation Entrepreneurship Forum in Abuja. Products such as...

NNPC secures $3.15bn in new deals to push oil production to 3 million barrels a day

Nigeria's state oil corp, the Nigerian National Petroleum Corporation (NNPC), said Monday that it has secured $3.15 billion in financing to boost crude oil reserves and daily oil production to 3 million barrels per day, in a signed agreement...

Nigeria’s ex-defense, petroleum, agriculture, among 13 ministers not returning to office

President Muhammadu Buhari Tuesday asked the Nigerian Senate to confirm a list of 43 individuals to serve his cabinet for the 2019-2023 tenure as ministers.  Prominent among those not returning for the second term in office is the man...

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Ex-Kogi Commissioner bags 19 years in jail for N20m fraud

   For stealing about N20 million naira while in office, a former Kogi State Commissioner for Agriculture, Zachaeus Atte, has...
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Invest more in issues relating to malnutrition, NEC urges state, local governments

  The National Economic Council (NEC), has appealed to States and Local Governments to invest more in issues relating to malnutrition, adding that they should...

Man, 37, faces trial in court for noise-making at police station

A 37-year-old businessman, Lawrence Atikekeresola, got more than what he bargained for allegedly making a noise at a police station in Lagos. He is facing...

Lagos boy plunges into death-well to retrieve phone

    Love of prized possession more than one's life consumed a 26-year-old Lagos boy, who took a dive into a "death-well" to retrieve his phone. The...

Faulty Power Lines: TCN to Acquire Helicopters 

  For fault detection on its transmission line network across the country,  the Transmission Company of Nigeria (TCN) says it plans to acquire a fleet...