News

Dayo Emmanuel Speaker of the Delta State House of Assembly, Rt Hon Monday Igbuya has been impeached Thursday morning. The impeachment took place when 22 of 29 members of the state House of Assembly signed the impeachment notice. Hon Sherriff Oborevwori has been elected as the new speaker of the House. Hon. Igbuya was accused of incompetence and high handedness …

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Tayo Olanipekun   The integrated rice value chain approach of Stallion Popular Farms and Mills Limited has fetched the organisation the Feed Nigeria Summit “Agro Processor of the Year Award” at Nigeria Agriculture Awards in Lagos, recently. The award was its second, following the IBCA “Outstanding Projects and Business Leaders of the Year Award,” earlier bestowed on the company. According …

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The Kano State House of Assembly has set up an eight-man committee to investigate the allegations levelled against the Emir of Kano, Mallam Muhammad Sanusi II, bordering on his purported misconduct and alleged misappropriation of funds belonging to the Kano Emirate Council. The Speaker of the state assembly, Kabiru Alhassan Rurum, who presided over plenary on Wednesday, constituted the panel …

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  A former Governor of the Central Bank of Nigeria, Prof. Charles Soludo, says the apex bank’s official exchange rate of N306 to the dollar has become redundant, describing it as an instrument for rent seekers and arbitrary allocation of scarce foreign exchange in the country. As a result, he said the CBN must achieve a unified market-determined exchange rate …

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Higher transport costs helped drive Ghana’s annual inflation rate higher to 13.0 per cent in April from 12.8 per cent the previous month, the statistics office said on Wednesday. The government of President Nana Akufo-Addo wants to slow inflation to 11.2 per cent by the end of the year as part of its drive to restore macroeconomic stability under a …

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The Federal Executive Council on Wednesday approved a consultant that will be saddled with the responsibility of supervising the construction of the Lagos-Ibadan railway. The Minister of Transportation, Mr. Rotimi Amaechi, disclosed this to State House correspondents at the end of the weekly meeting of the council presided over by the Acting President, Yemi Osinbajo. Amaechi was joined at the …

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Acting President Yemi Osinbajo presided over the federal executive council (FEC) meeting on Wednesday. Osinbajo has been the one chairing the meeting in the last three weeks, but this is the first meeting he will do so since President Muhammadu Buhari handed over to him on Sunday.

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Former Minister of the Federal Capital Territory, Bala Mohammed, who was accused of fraud was on Wednesday remanded in the Kuje Maximum Prison. The Economic and Financial Crimes Commission arraigned the former minister on six counts of alleged abuse of office while serving as the FCT minister.

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Workers in Ogun State Broadcasting Corporation in Abeokuta on Wednesday started an indefinite strike over unpaid four months’ salaries. The News Agency of Nigeria gathered that the workers arrived at the station around 5:00 a.m and locked the studio and offices to prevent the general manager and top management staff from having access to their offices. The workers, who were …

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The Acting President Yemi Osinbajo will on Thursday in Katsina launch a Micro, Small and Medium Enterprises clinic, as part of efforts to enhance economic activities in the country. The Commissioner for Commerce, Industries and Tourism, Abubakar Yusuf, announced this while briefing newsmen in Katsina on Wednesday. He said during the visit, Osinbajo would interact with entrepreneurs on their challenges …

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