News

  The Asset Management Corporation of Nigeria (AMCON) has employed the services of an auditing firm, KPMG, to look critically into the finances of Arik Air, which it took over last week, to determine its true financial status.   This came after the immediate past President of the Aviation Round Table (ART), Capt. Dele Ore, insisted that the airline’s problems …

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The Federal Government says it will assist cassava farmers and processors to create linkage markets to guarantee export and sale of cassava chips at the international market. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this at an Agribusiness Supplier Development Programme (ASDP) meeting organised by the United Nations Development Programme (UNDP) in Ibadan on Tuesday. Represented …

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The National Union of Road Transport Workers, Lagos Chapter, on Tuesday advised its members not to panic over the proposed ban on operations of yellow commercial buses. The state Chairman of the union, Mr. Tajudeen Agbede, on Tuesday said that the union was discussing the proposed ban with the government, adding that the union was ready to cooperate with the …

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The Senate Committee on Primary Healthcare, Communicable and Non-Communicable Diseases on Tuesday urged the National Primary Health Care Development Agency to authenticate the claim of Prof. Maduike Ezeibe of having a cure for HIV. The Chairman of the Committee, Sen. Mao Ohuabunwa, made the call during the agency’s budget defence in Abuja. Ezeibe, a researcher in Veterinary Medicine at the Michael Okpara University of Agriculture, …

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It is no longer news ­that there is need to­ have an urgent, coor­dinated and sustained­ response to combat H­IV/AIDS in Nigeria. T­his can only be resu­lt driven when there ­are early government-­led efforts that seek­s to help coordinate ­public and private se­ctor activities as we­ll as the arrival of ­significant internati­onal funding. In a bid to hasten in­tervention and …

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The Federal Government does not have any intention of increasing taxes but is working towards increasing its internally generated revenue through the broadening its tax base. Responding to a comment by Senator Ben Bruce at the public hearing of the Joint Session of the National Assembly on the 2017 Budget, the Minister of Budget and National Planning, Senator Udoma Udo …

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President Muhammadu Buhari on Monday spoke with his United States of America’s counterpart, Donald Trump, on telephone, with the two leaders discussing ways to improve collaboration in the fight against terrorism. The Special Adviser to the President (Media & Publicity), Mr. Femi Adesina, in a statement said Trump also invited Buhari to Washington “at a mutually convenient date”. He said, …

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this on Monday at the 12th Monthly Power Sector and Stakeholders’ Meeting in Ibadan hosted by Ibadan Electricity Distribution Company. Power generation in the country has worsened in …

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The nation’s external reserves have risen by $4.7bn or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7bn on February 9, 2017. The data also showed that within …

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The Niger Delta Indigenous Movement for Radical Change (NDIMRC) has rained heavy knocks on the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside over his recent statement that the agency would not fund the Maritime University, Okerenkoko, Delta State. Dr Da­kuku Peterside, recently declared that the agency will continue to fund the Maritime Acad­emy …

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