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June, 2021

  • 17 June

    World Bank reveals, electricity tariffs highly subsidise by FG in Nigeria

    Government if Nigeria would pay an additional N3.08tn through 2023, if current performance levels and low tariffs persist. The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said this in its ‘Resilience through Reforms’ report.The report ...

  • 5 June

    Opinion: Nigeria, now a failed state ?

    “APC promised ‘change’ in 2015 and ‘next level’ of the same change in 2019. But what we’ve got in the last six years is all-round regression and more of the president’s debilitating inertia and deplorable incompetence.His lack of any serious engagement with the challenges that have powered the country to the valley of a failed state, has continued to plumb ...

  • 4 June

    COAS appointment: No Mass Retirement in Army – Defence hqts

    The Nigerian Defence Headquarters says speculations that there is mass retirement of some generals in Nigerian Army following the appointment of Maj.-Gen. Farouk Yahaya as Chief of Army Staff (COAS) is not true. The Acting Director, Defence Media Operations, Brig.-Gen. Bernard Onyeuko, stated this while briefing newsmen on Thursday in Abuja. Onyeuko said that retirement of senior officers from the ...

May, 2021

  • 26 May

    Facebook scammer arrested for defrauding investors of over N2 billion

    The Special Fraud Unit (SFU) of the Nigerian Police in Lagos, has arrested one Dominic Ngene Joshua, who will be arraigned as soon as the courts reopen for business. The 21-year-old Managing Director/Chief Executive Officer of Brisk Capital Limited has been accused of diverting over N2 billion in investor funds. Joshua who hails from Ebonyi State and operated from Uyo, ...

  • 22 May

    Sanwo-Olu dissolves LASU governing council

    Governor has adopted Visitation Panel’s Report, consequently, he has Orders Fresh Process For Vice-Chancellor’s Appointment Gbenga OmotosoHonourable Commissioner, Information and Strategy,made this known yesterday. The Governor of Lagos State and the Visitor to the Lagos State University (LASU), Mr. Babajide Olusola Sanwo-Olu, after consideration of the report of the Special Visitation Panel on the appointment of the 9th Vice-Chancellor and ...

  • 4 May

    External reserves lost $350m in two weeks, says CBN

    The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank of Nigeria on Monday revealed that the reserves, which had been fluctuating, rose from $34.85bn as of April 1 before returning to a downward path in the middle of the ...

April, 2021

  • 29 April

    NNPC raises alarm over cash crunch, no revenue in April & May, writes govs

    The Nigerian National Petroleum Corporation has alerted the federal and state governments to its dwindling contribution to the federation account as a result of the bloated fuel subsidy. It said it would only be able to remit N12.966bn to the Federation Accounts Allocation Committee in June after removing fuel subsidy from its income. The corporation, which stated this in a ...

  • 24 April

    Break up agitations across Nigeria worries FG details govs

    The Federal Government has taken a step towards addressing the rising agitation in certain parts of the country currently threatening Nigeria’s unity. According to Vice President Yemi Osinbajo, states have been directed to hold consultations and dialogues on the issue and are to report back to the Federal Government. This was part of the deliberation at the 4th National Executive ...

  • 21 April

    FG should allow state handle mineral resources

    “The federal government is carrying so much load that they are not supposed to carry, allow states to develop these minerals and pay royalty to the federal government, that is the way it’s supposed to be,” Nyesom Wike, the Rivers State Governor told Uchechukwu Ogah, the visiting Minister of State for Mines and Steel Development. It’s a no-brainer. That’s what ...

  • 17 April

    (Opinion): Judiciary Workers’ Strike and Correctional Centres

    Lawyers and other court users are not the only ones bearing the brunt of the ongoing nationwide strike of judiciary workers; others who are not readily thought of are also groaning. The strike is putting pressure on the Minister of Interior, Rauf Aregbesola over the safety of 47,000 inmates whose trial has been stalled and Nigerians are expecting him to ...