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Thursday, 02 February 2017 03:01

Navy confiscates N420bn crude, diesel

Nigerian Navy confiscated crude oil and diesel worth N420 billion in 2016, the Chief of Naval Staff (CNS), Vice Admiral Ibok Ekwe Ibas, said yesterday. Speaking during the budget defence at the House of Representatives Committee on Navy, Ibas said the amount of crude oil and diesel seized stood at 810,725 and 1,078 metric tonnes respectively. The CNS told members of the committee chaired by Rep Abdulsamad Dasuki (APC, Sokoto) that the Navy destroyed 181 illegal refineries, 263 wooden boats, 38 barges, 139 Geepee tanks and 148 pumping machines in 2016. He said the Nigerian Navy also arrested 784 suspects,…
Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to urgently consider measures that would ensure a steady flow of produce to the market and reverse recent price increases. Giving the directive Wednesday at the Federal Executive Council meeting, Acting President Yemi Osinbajo, SAN, expressed concern at some of the inflationary rates of food prices, noting that the Task Force will explore options to promote availability and affordability of food items to Nigerians. According to him, the Task Force, which has seven days from Wednesday to report back…
From more than 15 million passengers in 2014, Nigerian air passenger traffic declined to 6 million in 2016, Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange, has said. Mr. Onyema made this disclosure Tuesday at the listing of Medview air on the Nigeria Stock exchange in Lagos. He explained that the past decade has seen the Nigerian aviation industry experience numerous institutional challenges, leading to the exit of many air operators. “Over the past decade, the Nigerian aviation industry has experienced significant challenges leading to the exit or decline of many operators,” he said. Mr. Onyema also…
Wednesday, 01 February 2017 18:41

UK deports 41 Nigerians

Alhaji Muhammad Sidi, Director General, National Emergency Management Agency (NEMA) said on Wednesday that 41 Nigerians deported from the United Kingdom for various immigration offences had arrived the country. He confirmed the development in an interview with the News Agency of Nigeria (NAN), while receiving the deportees at the Muritala Muhammed International Airport (MMlA) Lagos. Sidi added that the 33 adult males and eight female deportees arrived the country aboard a chartered aircraft at about 8: 00 a.m. “From the manifest with me, 41 Nigerians are on board and according to the British High Commission in Nigeria, they were deported…
A man the State Security Service said was working for the interest of the Nigerian government was actually a money laundering suspect named in the mismanagement of about $118 million public funds, an investigation by the Economic and Financial Crimes Commission (EFCC) has shown. In its controversial report to the Senate last year, the SSS said Stanley Lawson, a former Group Executive Director at the Nigerian National Petroleum Corporation and an ally of ex-petroleum minister, Diezani Alison-Madueke, was, “in actual fact, working in the interest of the Federal Government.” The report was signed by Folashade Bello on behalf of the…
Some Abuja residents are now using firewood and charcoal for cooking following the astronomical increase in the price of kerosene and cooking gas. A survey by the News Agency of Nigeria, NAN, in Abuja metropolis on Wednesday revealed that residents resorted to seeking other options because they could not afford the cost of kerosene and cooking gas. Some residents have abandoned their gas cookers and opted for charcoal pots, whose prices have also been increased as a result of high demand. A 12.5kg of gas initially sold for between N3,500 and N4,000 now goes for N6000 to N7000, while 5kg…
The Federal Government yesterday said it had secured $1.5 billion from the China Exim Bank to begin work on the Lagos-Ibadan rail line project. Minister of Transport Rotimi Amaechi said this when he appeared before the Senate Committee on Land Transport, chaired by Senator Gbenga Ashafa, to give a status report of the 2016 budget and also present the 2017 budget. Amaechi said the foundation of the Lagos-Ibadan Segment Two of the Lagos- Kano rail project would be laid before March 31. He said the target of the Federal Government is to begin work from Apapa sea port to Ogun…
Wednesday, 01 February 2017 02:55

Budget: Osinbajo, Sakari, Dogara Meet In Aso Rock

Acting President Yemi Osinbajo yesterday held a closed-door meeting with the leadership of the National Assembly at the presidential villa, Abuja. Senate President Bukola Saraki and Speaker of House of Representatives, Yakubu Dogara and Senior Special Assistant on National Assembly Matters (Senate), Senator Ita Enang attended the meeting. Osinbajo was also joined by Minister of Finance, Mrs. Kemi Adeosun and Minister of Budget and National Planning, Senator Udoma Udo Udoma. The meeting, our correspondent gathered, may not be unconnected with the processes for the consideration of the 2017 appropriation bill which is currently before the National Assembly. Acting President had…
Yoruba social-political group, Afenifere, on Tuesday in Akure, the Ondo State capital, convened a special meeting of its leaders in the south west to deliberate on current issues affecting the country, and concluded that only the restructuring of the country would solve its escalating problems. The meeting, which had top Yoruba leaders in attendance, stressed the need to close ranks beyond political and religious leanings to forge a common campaign against the trend of running the country on a unitary system. Under the chairmanship of its leader, Chief Reuben Fasoranti, the meeting first went into a closed-door session, after which…
Wednesday, 01 February 2017 02:46

PFN accuses FG of unfair treatment of Christians

Pentecostal Fellowship of Nigeria (PFN), Lagos State chapter on Tuesday lamented what it described as the continuous unfair treatment of Christians in the country. The body said though Christians were being killed every now and then, the Federal Government had failed to bring anyone to justice. It said recent happenings in the country seem to be confirming the fear expressed by some people before the 2015 general elections that Nigeria might be Islamised under President Muhammadu Buhari. The Christian body, however, said it would not allow itself to entertain the fear or sentiment that anyone could Islamise Nigeria, a country…
November 22, 2024

All good leaders have this mindset, no matter their background

David G. Ewing In today’s tech-driven business world, the ability to navigate technological challenges isn’t…
November 22, 2024

Tinubu’s borrowing spree retuning Nigeria back into debt peonage - Atiku

Former Vice President Atiku Abubakar has criticized the President Bola Tinubu-led administration for the increasing…
November 18, 2024

The magic and the minefield of confidence: Self doubt, hubris and everything in between - The Economist

Confidence is contagious. Someone declaring a position with ringing certainty is more likely to inspire…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 22, 2024

FG excited as pro-Biafra agitator Simon Ekpa arrested in Finland on terrorism charges

Simon Ekpa, the controversial leader of the pro-Biafra faction Autopilot, was arrested by Finnish authorities…
November 22, 2024

Here’s the latest as Israel-Hamas war enters Day 413

ICC issues arrest warrants for Israel's Netanyahu, Gallant and Hamas leader The International Criminal Court…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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