Destiny Ugorji The Niger Delta Youth Movement (NDYM) has alleged that there is massive corruption in the running of the Niger Delta Development Commission (NDDC), even as it threatened to expose the details in the coming weeks. NDYM, the umbrella youth organisation in the Niger Delta region, made the allegation in a communique issued at […]
A crew of seven Russians and a Ukrainian have been taken hostage off the coast of Nigeria after their ship was attacked, diplomats in Moscow and Kiev said Wednesday. “According to the information of the Russian embassy in Abuja, there has been an armed attack on the cargo ship BBC Caribbean which belongs to German […]
The Minister of Information and Culture, Alhaji Lai Mohammed, kicked-started a tour of tourist sites in the country with a visit to the spectacular Owu Waterfall in Kwara State on Sunday. The Minister was accompanied by representatives of the local community in which the Waterfall is located, officials of the Kwara State Ministry of Culture […]
The Central Bank of Nigeria (CBN) said on Monday that it would sanction Money Deposit Banks (MDBs) still collecting payments under the Nigerian Content Development Fund without remitting same to dedicated account opened for the fund at the apex bank. The Governor of the CBN, Mr Godwin Emefiele, issued the threat in Lagos on Monday […]
Lagos State Governor, Mr. Akinwunmi Ambode, on Monday said that the state would require at least $30 billion dollars to adequately deliver 30 most impactful infrastructural projects over the next five years. The Governor, who spoke shortly before inaugurating a 12-member Economic Advisory Committee at the Lagos House, Ikeja, said the projected figure represents about […]
The organised labour says it has concluded plans to commence a series of mass actions against those states that are owing workers’ salaries, pensions and gratuities in the country. The President of the Nigerian Labour Congress (NLC), Mr Ayuba Wabba, stated this at a news conference in Abuja on Monday. Wabba said that the mass […]
The Nigerian government has launched the economic recovery growth plan; an initiative which Acting President, Prof. Yemi Osinbajo, says is expected to lead to the growth of the nation’s economy by seven per cent between 2017 and 2020. Inaugurating the plan on Monday in Abuja, Prof. Osinbajo said the all-inclusive economic policy document will help […]
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has rejected the proposed plan by the House of Representatives to amend the Nigerian Liquefied Natural Gas, NLNG, Act, describing the proposed amendment as unnecessary and detrimental to Nigeria. At its National Executive Committee, NEC, meeting in Abuja, PENGASSAN said: “The amendment could cause […]
The Central Bank of Nigeria (CBN) has clarified issues relating to conflicting Foreign Exchange rate figures as reported in the media. In a statement issued in Abuja on Sunday, CBN Ag. Director, Corporate Communications, Isaac Okorafor, said: “Following media reports alleging irregularities in the rates at which foreign exchange was obtained by some individuals and […]
Transport Minister Rotimi Amaechi has given his side of the story on how two Bell helicopters imported by the Rivers State government ended up being seized by the Customs Service and handed over to the Nigerian Air Force. Amaechi was the governor of the state when the helicopters were ordered. A twist occurred when they […]