Synopsis: As oil consumption slows down due to the second wave of coronavirus in the US amongst others, producers are constrained to increase the fight for available market share which already is stuttering. Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing Read More
“If the nutritional benefit of poultry is important for many body function and supply desirable nutrient need as source of animal protein, government, private sectors have to engross and enrich the industry”.The increase in price of grain such as maize, millet, and guinea corn etc. is getting alarming due to the incidence of COVID-19 pandemic which has affect input of Read More
The other day, an otherwise learned university lecturer, a Professor of Economics, Nasir Mukhtar Gatawa, addressed a news conference in Sokoto at which he vicariously heaped all the blame of the increasing wave of insecurity in Sokoto state on the lapses of Governor Aminu Waziri Tambuwal and his administration. When however, he was invited and courteously asked by the Department Read More
Similar to history which has a way of repeating itself, the suddenwave of ultimatum issued to the federal government in a space of one week by two oil producing communities in Delta state, another by two Niger Delta region agitators should be to all a reality for all Nigerians to worry about. These communities are; the Omadino Federated Communities, an Read More
It came like a bolt out of the blue. Early this week, Rivers state Governor, Nyesom Wike, issued an advertisement, which went in a completely different direction compared to what he had always said of President Muhammadu Buhari. The Wike we knew was either usually crying wolf where there was none, alleging that the federal government wanted to kill him, Read More
The disclosure last week by the Governor of Lagos state, Babajide Sanwo-Olu, that plans are in top gear by the state government to construct a purpose built International Infectious Disease Research Centre at the Mainland Infectious Disease Hospital, Yaba is quite laudable. It is, indeed, a good initiative at tackling the ravaging coronavirus pandemic as well as other infectious diseases Read More
Coalition of civil society organizations, under the aegis of Nigeria Citizens Action Group (NCAG) on Monday demanded the reversal of the N143.8 petrol price back to N123 per liter within seven daysThe group also called on the Minister of State for Petroleum, Timipre Sylva, Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari and Executive Secretary of PPPRA, Read More
A prosecution witness, Alhaji Sani Dauda, told a Federal High Court Abuja, on Monday, that Senator Shehu Sani asked him to give N1 million each to four judges to ”help” his case. Sani is currently standing trial on a two-count charge bordering on bribery and advanced fee fraud preferred against him by the Economic and Financial Crimes Commission, (EFCC). At Read More
Operatives of the FCT Command have recovered 22 bags of dried leaves suspected to be Indian hemp from a gas plant at Wumba, Apo, a suburb of Abuja. The Police Public Relations Officer (PPRO) for the command, DSP Anjuguri Manzah, in a press statement, Monday in Abuja, said the illicit drugs, which were concealed in a room at the gas Read More
The federal government Monday announced new guidelines for the conduct of elections in the country during the coronavirus pandemic. Director-General of the National Centre for Disease Control (MCDC) Dr Chike Ihekweazu, who made the announcement at the daily briefing of the Presidential Task Force on the Control of COVID-19, said political parties should use electronic media for campaigns. He said political parties Read More
The Economic and Financial Crimes Commission (EFCC), has said that the acting Chairman of the commission, Mr. Ibrahim Magu, was not arrested but honoured the invitation by the presidential panel reviewing the activities of the EFCC, at the Banquet Hall wing of the Presidential Villa, Abuja. A press statement by the EFCC Head, Media and Publicity, Dele Oyewale, Monday in Abuja, said Read More
The Secretary to the Government of the Federation (SGF) and chairman of the Presidential Task Force on the Control of COVID-19, Mr Boss Mustapha, has said contracting the dreaded Coronavirus does not amount to automatic death sentence. Speaking at the daily briefing of the Presidential Task Force Monday in Abuja, the SGF said Nigerians can avoid contracting the disease by complying Read More
The Economic and Financial Crimes Commission (EFCC) has arraigned a social media influencer Adedamola Adewale Rukayat a.k.a Adeherself before Justice Sherifat Solebo of the Special Offence Court sitting in Ikeja, Lagos on one-count charge of possession of fraudulent documents. EFCC Spokesperson, Dele Oyewwle, in a press statement on Monday in Abuja, said the defendant was arrested following intelligence received by the Read More
The federal government said Monday that it would decontaminate schools across the country against COVID-19 ahead of Tuesday’s planned resumption.Minister of Environment, Mr Muhammad Mahmood, who disclosed this in Abuja at the daily briefing of the Presidential Task Force on the Control of COVID-19, said enough teams are on ground to carryout the disinfection exercise. “Earlier I told you that we Read More
The Economic and Financial Crimes Commission (EFCC), Gombe zonal office, has arraigned a member of the Taraba State House of Assemble, Jedua Ahmed Dawud, alongside Chairmen of Sardauna and Kurmi Local Government Areas, respectively, Oliver Wubon and Joseph Danladi John, for N104 million fraud. A press statement by the EFCC Head, Media and Publicity, Dele Oyewale, Monday in Abuja, said the trio Read More
The Asset Management Corporation of Nigeria {AMCON} has taken over the assets of Unicorn Place & Leisure Services Limited following a Federal High Court, Lagos Division over an Indebtedness of over N1.3bn. The Court also ordered that the bank accounts of the company and its major stakeholders, Ike Nwabuoku and one other Ifechukwu A. Onyema be frozen pending the final Read More
Transaction on the floor of Nigerian Stock Exchange yesterday continued in a negative trend, declining by N162 billion. Specifically,Market Capitalisation of listed equities depreciated by 1.28 per cent to N12.533 trillion from N12.695 trillion reported the previous day The NSE All Share Index also failed by 210.07 absolute points to 24026.05 points from 24336.12 points reported on Friday. Investors traded Read More
The risk of dollar funding challenges for banks is huge amid declining oil revenue , weak foreign investment inflows and lower remittances, said Moody’s Rating Agency. This is as foreign funding gap may have risen to as much as N1.9 trillion. “With elevated external shocks, Nigeria’s economy has been hit hard and the banking system would be impacted”, said analysts Read More
Barely 48 hours before the much anticipated recommencement of flight operations across Nigeria, the Federal government said it has procured sophisticated search and rescue equipment to boost the country’s aeronautical search and rescue capability across the Nigerian airspace. The equipment, according to the Nigerian Airspace Management Agency (NAMA) are already being distributed among the nation’s Rescue Coordination Centers (Lagos and Read More
The Director General of the Securities and Exchange Commission, SEC, Mr. Lamido Yuguda has stated that the capital market has a lot of potential for growth and development of Nigeria post COVID-19 and beyond. Yuguda resumed alongside the Executive Commissioners namely: Mr. Reginald Karawusa, Mr. Ibrahim Boyi and Mr. Dayo Obisan on Monday in Abuja. The SEC DG said the Read More
There is no scintilla of doubt that the Nigerian Army (NA) has been extra-ordinarily repositioned on all scores under Nigeria’s current democratic leader, President Muhammadu Buhari and Commander-In-Chief of the Nigerian Armed Forces in consonance with his earlier promise to reform the institution of the Nigerian Military for effective service delivery on its core mandate.And since 2015 under the guidance Read More
Some Igbo traders resident in the 19 northern states of the country have expressed readiness to relocate most of their enterprises to five South eastern states if given an opportunity by the governors from the geopolitical zone. Chief Shedrack Dimoha, the President General, Anambra State Indigenes Welfare Association (ASIWA), Kaduna branch, who disclosed this in an interview in Awka, the state Read More
The Arewa Consultative Forum (ACF) on Monday expressed shock and sadness at the death of the first acting national secretary of the Forum, Alhaji Inuwa Abdulkadir. A terse statement signed by ACF National Publicity Secretary, Emmanuel Yawe, described the former All Progressives Congress (APC) national vice chairman, North West zone as a gentleman who contributed immensely to the establishment and growth of the Read More
Nasarawa state government Monday, solicited collaboration and support from media organisations to promote government policies and programmes in the state.State commissioner for information, culture and tourism, Comrade Dogo Shamma, made the appeal while playing host to the newly elected leadership of the Nigeria Union of Journalists (NUJ) in his office in Lafia, the state capital. Dogo said the fortunes of Read More
Last week, the National Assembly and the executive arm of government fired missiles at each other over modalities for recruitment of 774,000 youths into the Special Public Works Programme. Taiye Odewale recaps the crisis and possible way out. Succour for youth unemployment At the level of planning, both the Executive arm of government and the National Assembly , had as contained in the Read More
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