The Lagos State government has again assured residents of the availability of LAKE Rice at designated outlets across the State. The Commissioner for Agriculture, Toyin Suarau, gave this assurance yesterday while reviewing sales reports of the product from retail outlets and centres. Suarau said the government was working assiduously to ensure availability of the product […]
Month: December 2016
Ayade, Ita-Giwa, others hail Dangote’s sponsorship of African Food Festival
Cross River State Governor, Professor Ben Ayade, last weekend joined participants at the maiden African Food festival Calabar to commend Dangote Industries Ltd for sponsoring the event. The Governor represented by his wife, Dr. Linda Ayade, who declared the food festival open lauded the exemplary attitude of Dangote Group in sponsoring events especially the now […]
Why Buhari did not attend South East Economic and Security Summit — Presidency
Contrary to media reports alleging that President Muhammadu Buhari snubbed the recent South-East Economic and Security Summit in Enugu, below is the accurate account, according to his Senior Special Assistant (Media and Publicity) Garba Shehu: “The President was presented with a request to attend the Economic and Security Summit by the Minister of Science and […]
Naira to hit $1/N600 in 2017: Fayose (PLUS: Other predictions)
Ekiti State Governor Ayodele Fayose on Friday released his predictions for 2017 even as he recalled his predictions for the outgoing year. He said in a statement issued in Ado Ekiti: “Fellow Nigerians, remember I predicted 20 things that will be experienced this year 2016. Almost 90 percent of what the Holy Spirit led me […]
Court freezes Patience Jonathan’s accounts in 5 banks
A Federal High Court in Lagos has frozen multiple accounts in five Nigerian banks allegedly belonging to former first lady, Patience Jonathan over allegations of money laundering. Justice Mojisola Olatoregun made the order freezing the accounts after listening to an exparte application filed by the Economic and Financial Crimes Commission (EFCC), sometime in November. The […]
CBN issues Guidance Note to banks on IFRS 9 implementation
The Central Bank of Nigeria (CBN) has issued an initial guidance note to all financial institutions on the implementation of the International Financial Reporting Standards number 9 (IFRS 9). The guidance note communicates supervisory expectations for the implementation of the new standard, especially in areas where banks are expected to exercise considerable judgment, or elect […]
Hijackers of Libyan passenger plane surrender; all 118 on board released unhurt
Two hijackers of a Libyan aircraft with 118 people on board surrendered to authorities on the island of Malta hours after claiming to have hand grenades and threatening to blow the plane up unless their demands were met. Maltese Prime Minister Joseph Muscat said on Twitter that all passengers and crew had been safely released […]
Delay in salary payment scuttles civil servants’ Christmas plans
Federal civil servants have appealed to authorities to fast track the payment of their salaries to enable them celebrate the Christmas. Those who spoke to Channels Television in Abuja said the delay in the payment of their salaries had brought them untold hardship. It is few hours to Christmas and while preparations for some Nigerians […]
UK Govt. demands £18m from Ibori •Why he can’t return to Nigeria yet
James Onanefe Ibori, former Delta State governor who was released from a UK prison on Wednesday, is still facing two obstacles before he can return to Nigeria. He must face a deportation hearing and then also pay £18 million to the UK government as the “proceeds of crime.” The unresolved issues almost elongated Ibori’s incarceration, […]
Nigeria to build nuclear plants to increase electricity generation
The Federal Government says it will embark on building of nuclear plants and careful application of nuclear energy to meet the needs of the country. Dr Ogbonnaya Onu, the Minister of Science and Technology, said this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. Onu said that nuclear energy […]