News

Banks are not keen on lowering lending rates even if the Central Bank of Nigeria (CBN) brings down its benchmark interest rate, investment and research firm Renaissance Capital (RenCap) has said. It projected that the CBN-led…

Former President Olusegun Obasnjo came under fire yesterday following President Muhammadu Buhari’s remark that $16 billion was wasted on power projects, without result, during his administration. Although Obasanjo said the National…

With the controversy stirred by allegations and counter-allegations over the alleged $16 billion investment in the National Integrated Power Project (NIPP) still raging, another report has shown the identities of 27 companies that…

The Federation Account Allocation Committee (FAAC) yesterday shared N701.022 billion to  the three tiers of government as federal allocation for May, 2018. The figure was described as “an improvement from N626.8 billion shared in…

GOVERNOR Akinwunmi Ambode has adopted the overall best graduating student of Lagos  State University (LASU), Fuad Adetoro Ogunsanya, who finished with a Cumulative Grade Point Average (CGPA) of 4.78 in Business Administration. The…

There was commotion at the Kano state office of the Economic and Financial Crimes Commission (EFCC) as supporters of a former Kano state governor Ibrahim Shekarau attempted to block his rescheduled visit to the office. A witness told…

The Nigeria Postal Service (NIPOST) says it has recorded a revenue increase of N700 million in 2017 and a 40 percent reduction in expenditure due to the implementation of its Strategic Roadmap. Mr Bisi Adegbuyi, the…

The Lagos State Government have disclosed that the first phase of its embedded power project will kick off in July, 2018 with 1,000 megawatts. Commissioner for Energy and Mineral Resources, Olawale Oluwo who spoke at a ministerial…

The average price paid by consumers for Premium Motor Spirit popularly known as petrol decreased by 1.0% year-on-year and -7.3% month-on-month to N151.4 in April 2018 from N163.4 in March 2018. This is contained in the recent report…

A kind hearted Nigerian airport cleaner has returned $6,000 she reportedly found in the toilet. Charity Bassey, a cleaner at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos State, recently did the unexpected when she…

The thug who shocked Nigerians by snatching the National Assembly mace is yet to be arrested according to the Nigeria police. This was disclosed by Habu Sani, a commissioner of police when he appeared before members of the National…

Arsenal have confirmed the appointment of Unai Emery as their new head coach. The 46-year-old Spaniard, who formerly managed Valencia, Sevilla and Paris Saint-Germain, succeeds Arsene Wenger in the Emirates Stadium hotseat.…

President Muhammadu Buhari has dared the national assembly to confront him publicly on capital projects. Buhari said this on Tuesday when he hosted the Buhari Support Organisation (BSO) led by Hameed Ali,…

The Nigerian Army says it has killed 68 bandits, arrested six suspected kidnappers and recovered 17 motorcycles in Zamfara from April to date. The Brigade Commander, 1 Army Brigade Command Sokoto, Brig. Gen. Udeagbala Kennedy,…

Comptroller-General of the Nigerian Customs Service Hameed Ali said yesterday that only lazy Nigerians can be hungry. According to him, President Muhammadu Buhari had done so much for agriculture that farmers are now rich. The…

The Medical and Dental Council of Nigeria (MDCN) has exonerated the Chief Medical Director of Ladoke Akintola University Teaching Hospital (LAUTECH-TH), Prof. Akeem Lasisi, of professional misconduct and medical malpractices. The…

As preparations for the 2019 elections continue to gather momentum politicians have been holding strategic meetings. On Monday, former President Olusegun Obasanjo travelled to Ondo to meet Afenifere leaders. On Tuesday, President…

Muhammadu Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), has called on the Nigerian government to prioritise its expenditure. Speaking on Power Lunch, a CNBC programme, on Tuesday, Sanusi said the…

Adams Oshiomhole, national chairmanship aspirant of the All Progressives Congress (APC), says during his eight years as governor of Edo state, he did not oppress anyone. The former governor said this on Tuesday when he met with…

Former President Olusegun Obasanjo has said that he is ready for probe over the $16b Power Project. He made this known in a statement by his media aide, Kehinde Akinyemi. The statement reads, ‘It has come to the attention of Chief…

President Muhammadu Buhari was full of gratitude to his fans under the aegis of Buhari Support Organisation (BSO), who visited him at the villa on Tuesday. Speaking with the team, led by Hameed Ali, Comptroller General of the Nigerian…

President Muhammadu Buhari on Tuesday threw a jibe at former President Olusegun Obasanjo for spending $16bn on power projects during his tenure, without corresponding power supply to Nigerians.Although he did not mention any name,…

An amendment bill that passed in the House of Representatives Tuesday has proposed a N2 million fine and a 2-year jail term for offenders of the ban on Tramadol and Codeine The bill which seeks to amend the Food, Drugs and Related…

The police has reportedly nabbed a 27 year old slay queen who faked her own kidnap. According to reliable sources, the newly wedded Kenyan lady swindled her family of wads of cash by pretending to be kidnapped in order to raise money to…