The Nigerian Senate has urged the Executive arm of government to accelerate its policies on diversification of the economy to improve the country’s foreign exchange earnings. The call was made in resolutions reached by the Senate following consideration of a motion titled “Urgent Need to Revive the Palm Oil Industry in Nigeria”. The motion was…
Buhari Promises to Consolidate Change
President Muhammadu Buhari expresses confidence in the future of Nigeria at 2019 Democracy Day and promises to build on the gains of his first term. President Muhammadu Buhari began the era of June 12 as Democracy Day in Nigeria on an optimistic spirit at the Eagle Square Abuja. Having been sworn in on May 29,…
MPC Cuts Monetary Policy Rate to 13.5%
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has reduced the Monetary Policy Rate, MPR, by 50 basis points to 13.50 per cent from 14 per cent. CBN Governor, Godwin Emefiele, disclosed this on Tuesday at a press conference to mark the end of a two-day MPC meeting held in Abuja.…
Einstein’s Dictum and Nigeria’s Malady – Nosa Igiebor
Nigerians exemplify Albert Einstein’s classic definition of insanity. The great German physicist had said that doing the same thing, the same way all the time, and expecting a different outcome is madness. We seem hardwired to continue doing and thinking the same thing, same way forever. The constant failures that our madness produces have not…
FG: Orders Closure of Borders for Elections
All Nigerian land borders will be shut with effect from 12:00 noon on Friday, February 22 to 12:00 noon of Sunday, February 24, 2019 for Saturdays Presidential and National Assembly elections.According to a statement issued by the Comptroller General of the Nigerian Immigration Service, NIS, Muhammad Babandede this Thursday. He said, “Further to the presidential…
Speech Delivered By The Senate President On The Presentation Of The 2018 Appropriation 7th November 2017
SPEECH DELIVERED BY THE PRESIDENT OF THE SENATE, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI (C.O.N) ON THE PRESENTATION OF THE 2018 APPROPRIATION BILL – 7TH NOVEMBER, 2017. PROTOCOL. 1. Mr. President, on behalf of my colleagues, Distinguished Senators of the Federal Republic of Nigeria and Honourable Members of the House of Representatives, I welcome…
FG Unfolds Plans For $29.960bn Foreign Loan
The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in Abuja that the borrowing is a three-year-plan covering proposed projects for 2016…
Private Sector Is Key to Poverty Eradication-Elumelu
By TELL Do you know why past governments did not succeed in efforts to eradicate poverty in Nigeria? There is a man who has an answer to that question. He is no other person than Tony Elumelu, chairman, Heirs Holdings and Tony Elumelu Foundation. He said the reason all the entrepreneurship schemes fell short of…
FG, ODUACCIMA Collaborate on Regional Trade Fair
Asiwaju Olaitan Alabi, the chairman 2014 Odua International Trade Fair Planning Committee, has revealed that the Federal Government would be collaborating with Odua Chamber of Commerce, Industries, Mines and Agriculture, ODUACCIMA, for a regional international trade fair, which is expected to attract over 5,000 exhibitors and participants. Alabi made this known at a press conference held at the MKO…
Scarcity of Aviation Fuel Halts Air Travels
Due to the shortage of aviation fuel that hit the country this week, local and international flight operators in the country are having a hard time meeting up with their schedules. Jet-A1, commonly known as aviation fuel, has been reportedly scarce in some cities since Monday with Abuja one of the cities seriously affected. The…
WhatsApp us