Vice President Yemi Osinbajo on Thursday presided over the National Economic Council (NEC) meeting at the Presidential Villa, Abuja. The vice president, by the provisions of Nigeria’s Constitution, is the chairman of NEC. This meeting is the second since the inauguration of President Muhammadu Buhari’s cabinet for the second term. The NEC meeting, held monthly, […]
Early in the week, President Muhammadu Buhari announced a crack team of economists, led by Prof. Doyin Salami, as members of his Economic Advisory Council (EAC). The team replaces the Economic Management Team (EMT) headed by Vice President Yemi Osinbajo. Aside from Salami, a respected Professor of Economics at the Lagos Business School, who sits […]
A Federal High Court has ordered the forfeiture of assets owned by an Irish firm, the Process and Industrial Development ( P&ID) to the Nigerian government The court also convicted the suspects arraigned on allegations of fraudulent involvement in the 2010 contract between the Nigerian government and the firm worth $9.6b. The court gave its […]
Economic experts and investors have criticised the Nigeria Police Trust Fund, describing it as a disincentive to the country’s investment climate.The Nigeria Police Trust Fund (Establishment) Act, 2019 was signed into law June 24, 2019 and will be in force for a six-year period. The act will require corporate organisations to part with 0.005 per […]
It’s a new season of Insight! On this insightful episode, Pastor Mercy is joined by two distinguished guests as they discuss parenting and its responsibilities.
In commemoration of World First Aid Day, we are joined by Akinfosile Dare as we focus on personal safety.
Nigerian lawmakers Wednesday recommended the cheif executive officer of an airline, Air Peace, Allen Onyema for “higher” national honour. “We hereby commend Mr Allen Onyeama and recommend him to the federal government for higher honours in Nigeria,” Speaker of the House, Femi Gbajabiamila said. Onyema volunteered to use Air Peace to evacuate Nigerians from South […]
The Air Peace boss told the House of Representatives that the evacuation of Nigerians from South Africa has brought respect to Nigeria across the world. Onyema also stated that South Africa is also suffering dearly for the attacks by its citizens on non-citizens. He said flights were now going to South Africa empty and while […]
The Federal Government has begun a move to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON). The government has formally inaugurated an inter-agency committee to speedily resolve the challenges in recovering the debts. Vice President Yemi Osinbajo, who inaugurated the committee on Monday at the Presidential Villa, Abuja, charged […]
Withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of bank accounts involved. Nigeria’s central bank said the measure was put in place to encourage its cashless policy and will take effect on September 18 in Lagos, Kano, Rivers, Ogun, Anambra, Abia and Nigeria’s capital […]
Mayor of Johannesburg Herman Mashaba has said it “was not necessary” for South Africa to apologise to Nigeria for the recent xenophobic attacks. “No, there is nothing for me to apologise about,” Mashaba said on CNBC Africa’s Political Capital on Tuesday. “What do you expect me to really apologise for?” Nigerians and other foreign nationals […]
The Minister of Labour and Employment, Dr Chris Ngige, has said members of the Indigenous People of Biafra cannot attack him outside Nigeria. He stated this in Obosi, Anambra State against the background of reports that IPOB members had threatened to attack politicians of the South-East geopolitical zone if they were sighted anywhere outside the […]