News

A Non-Government agency, BudgIT, has tasked the Federal Government to make public, details of funds expended on projects executed in the domestic economy. BudgIT said this has become necessary in view of the recent controversies that is currently trailing the government’s position on the money spent on capital projects in 2016. A statement by the non-profit making organization made available …

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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 arrived, he said. He accused …

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Folake Sokoya The Operatives of Rapid Response Squad (RRS) of the Lagos State Police Command,  have arrested a 35 year old man, Abiola Hamzat and his accomplice, Adebayo Kazeem, 32, for stealing 20 bags of cement from a brick making company based in Agbado area of the state. The suspect was arrested by the Policemen after he had successfully stolen …

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The Sub-Saharan Africa recorded the lowest economic growth in 2016, the lowest in 20 years, the Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde said on Friday. Lagarde, who made the remarks in her speech: “Becoming the Champion: Uganda’s Development Challenge” in Kampala, said the sub-region’s economy grew in 2016 at about 1.5 per cent “Sub-Saharan Africa’s …

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has told its members to disregard the rumour of a possible price hike of Petroleum Products. The state IPMAN Chairman, Alhaji Bashir Dan-Malam, who said this in an interview with newsmen in Kano on Friday, said the call was necessary to avert hoarding and its attendant hardship on Nigerians. …

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As part of its growth plans, the Nigeria Customs Service (NCS) is focusing on a revenue target of between N700 and N900 billion for the 2017 fiscal year even as it justified the recent ban on vehicle imports through land borders. The service said the ban was aimed at checkmating the smuggling of arms and ammunition which it said, were …

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Story by Folake Sokoya There was a mild drama at the Ogun State High Court 5 before Justice Akinyemi on Wednesday as the Senator representing Ogun East Senatorial district, Sen. Buruji Kashamu claimed before the judge that he spent only two years to graduate from primary school. Senator Kashamu had during cross examination in a libel suit AB/297/2016 which he …

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  Despite the drag in its performance, Guinness Nigeria Plc has assured investors that of a better-days ahead despite the current challenges that is facing the industry. Mr Peter Ndegwa Managing Director of the company disclosed this on Thursday in a statement made available to https://nationalwire.com.ng in Lagos. Ndegwa who was commenting on the company’s unaudited half year financial statement …

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  Story by Dayo Emmanuel Three finalists have been named for the 3rd edition of the Journalists For Christ (JFC) Innovative Young Journalist Award. The finalists are Esther Onyinyechi Mark, Content Development Editor, Edufrica and Scholars Hub Africa, Tayo Elegbede, multimedia journalist with TheNewsGuru.com and Ebenezar Wikina, Digital Communications/Research Officer at the Rivers State Government Sustainable Development Goals Office (RSSDGs). …

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The Federal Mortgage Bank of Nigeria (FMBN) says it has sought for legislative intervention for the upward review of its capital base to N500 billion as endorsed by the National Council on Housing to enable it meet its mandate and adequately provide the needed housing funds for Nigerians. Ag. MD/CEO FMBN, Mr. Richard Esin, who revealed this at a 3-day staff …

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