Retains MPR at 13.5 % The Central Bank of Nigeria, CBN, says there is need to resuscitate moribund industries in Nigeria and improve key infrastructure in order to strengthen the productive base of the economy, create job opportunities as well as boost exports. This was contained in a communique issued at the end of its…
How Buhari Lost Obasanjo [Special Report]
Former President Olusegun Obasanjo’s hard knocks for President Muhammadu Buhari, whom he assisted to become president in 2015, signals a massive loss of support for the president, raising questions over why the Generals parted ways The dust raised by the recent letter written by former President Olusegun Obasanjo to President Muhammadu Buhari may not settle until after the 2019…
The Entrepreneurship Programme That Is Changing Africa
No doubt, Africa is rising. And one of the special purpose vehicles for this is the Tony Elumelu Foundation, TEF Entrepreneurship Programme – celebrated as the only African funded entrepreneurial catalyst of its kind. On January 1, 2019, the foundation began to accept online applications for the fifth circle of the programme from where 1,…
Imo 2019: Ohakim Again?
A former governor of Imo State, Ikedi Ohakim stages a comeback for the governorship seat with a covenant with the people to correct past misdeeds spanning two administrations if… Until recently, Ikedi Ohakim was seen by many indigenes of Imo State as the worst governor they ever had. His era as governor of the…
Why CBN Revoked Skye Bank License
The Central Bank of Nigeria, CBN says it revoked the license of Skye Bank after examinations and forensic audit that revealed that the bank requires urgent recapitalisation. Godwin Emefiele, Governor of the CBN also disclosed that Skye Bank can no longer continue to live on borrowed times with indefinite liquidity support from the CBN. According…
FG Explains Paris Club Refund to States
The Federal Ministry of Finance has provided further details on the Paris Club Refund approved for the 36 states of the federation by the Federal Government. In a statement signed by Hassan Dodo, Director of Information in the ministry, government explained that as an interim measure to alleviate the financial challenges of the states during…
Complete Abandoned Projects, Ogun ADC Tells Amosun
The Ogun State chapter of the African Democratic Congress, ADC, has berated Governor Ibikunle Amosun for abandoning several infrastructural projects across the state. In a statement signed by Abiola Odutola, Publicity Secretary of the party in the state, ADC called on residents and indigenes to rise and save Ogun State from further socio-economic damage.…
Awele Elumelu Joins Global Health Leaders to Champion Increased Vaccine Coverage in Under-Immunised Nations
Dr. Awele Elumelu, GAVI Champion for Africa and Founder, Avon Medical Practice joined other global health leaders at a photo exhibition organised by GAVI, the Vaccine Alliance, for increased vaccine coverage in under-immunised nations. The event tagged “Vaccine Heroes” was held on September 10, 2018, in Geneva, Switzerland. Following the announcement made earlier in…
Okorocha Sacks Son-In-Law, SSG, 11 others
Imo State Governor, Rochas Okorocha has, in a dramatic way terminated the appointments of 13 members of his cabinet including his Son-In-Law, Uche Nwosu, his Chief of Staff, whom he has been positioning to succeed him in office. Chief Press Secretary to the governor, Sam Onwuemeodo, in a statement issued in Owerri, the state…
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