The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertiliser projects come on stream. This potential reversal of roles was disclosed by Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, after he spent over four hours touring the ongoing Dangote Refinery, […]
AS the face-off between the Academic Staff Union of Universities, ASUU and the Federal Government continues the union, yesterday, asked government to provide concrete evidence of the payment of at least N50billion revitalisation fund to end the strike. Though, other demands of the union, are still pending, the union said the proof of the payment […]
Vice-President Yemi Osinbajo said on Sunday that Babachir Lawal would be prosecuted for allegedly stealing money earmarked for the displaced victims of Boko Haram insurgency. The vice-president said President Muhammadu Buhari had prevailed on anti-corruption agencies to prepare criminal charges against Mr Lawal, who served as cabinet secretary from 2015 until he was disgraced out […]
AC Milan coach Gennaro Gattuso has dropped Gonzalo Higuain for Monday’s Serie A game against Genoa saying the Argentine forward was “not mentally ready to do battle” as a transfer to Chelsea looms. Gattuso insisted that “nothing has been decided yet” concerning the transfer but all the talk has unsettled the 31-year-old Argentine and the […]
A wildfire on Friday engulfed parts of the Guinness Nigeria Plc, Aba Brewery, Abia, razing bottles, chemicals, office structures and furniture to ashes. Firefighters battled hard to contain the fire, which started at about 11 a.m. on Friday until about 6:46 pm. Okezie Uche, Aba Fire Service commander, told NAN that his men reached the […]
A Federal High Court in Benin, Edo State, has sentenced a middle-aged man, Onovo Malachy, to 12 months imprisonment for internet love scam through which he duped a female foreigner of $140,000. The Economic and Financial Crimes Commission (EFCC) arraigned the convict on a one-count charge bordering on obtaining by false pretence. EFCC spokesperson, Tony […]
The Nigerian Meteorological Agency (NiMet), has predicted sunny, dust hazy and partly cloudy weather conditions over most parts of the country on Monday. NiMet’s Weather Outlook on Sunday, in Abuja, predicted sunny and hazy morning over the central region, with day and night temperatures of 30 to 37 and 16 to 26 degrees Celsius respectively. […]
The Central Bank of Nigeria (CBN) has reteirated its readiness to facilitate access to foreign exchange by Nigerian companies that wanted to import equipment to ease business growth in the country. The CBN Governor, Mr Godwin Emefiele, said this on Sunday during an inspection of Dangote Refinery in Lagos. The refinery when it starts full […]
The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth. PenCom said the extension of the pension scheme to the informal sector was to ensure that all Nigerians have a good life at old age. The Head, Research and […]
The Nigerian Communications Commission (NCC) says there were 172,871,094 active subscribers on the telecommunication networks in December 2018, as against 169,104,830 recorded in November 2018. The telecommunications regulator disclosed this in its Monthly Subscriber/Operator Data made available on its website on Saturday. The News Agency of Nigeria (NAN) reports that the active subscribers increased by […]