Politics

Ekiti House Re-Invites Ex-Governor Fayemi Over N850M SUBEB Fund  Folake Sokoya The Ekiti State House of Assembly has again invited a former governor of the state, Dr Kayode Fayemi, over the controversial N850 million State Universal Basic Education Board (SUBEB) funds. The House also adopted the state Medium Term Expenditure Framework (MTEF) 2017 – 2019 document as its document at …

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  Cattle rustling: Niger police commences air surveillance Olabode Adaramola ‎The Police in Niger state have deployed helicopters in the renewed offensive against cattle rustlers, who have staged a comeback into the state through the border forests with Zamfara, Kebbi, Sokoto and Kaduna state. The command said the deployment was at the instance of the Inspector General of Police, Alhaji …

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NCPC Boss Charges Intending Pilgrims To Pray For Nigeria The Executive Secretary, Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja has charged intending Pilgrims to Israel to pray for God’s intervention over the present economic recession and insurgency bedeviling the Nation. He made the charge during the flag off of the 2016 October – December Pilgrimage in Yola, Adamawa State. …

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Subscribers urge Glo to extend 4G LTE coverage to hinterlands The Glo 4G LTE network has continued to generate more interest from impressed subscribers nationwide as they clamour for more coverage areas in the hinterlands by the telecoms operator in order for them to enjoy the service when they travel to their country homes. Already, Globacom has rolled out the …

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Investment in infrastructure will get us out of recession – Udoma Massive investment in infrastructure is the surest way to get the country’s economy out of recession, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday told laureates of the Nigerian National Order of Merit. Addressing the annual forum of the laureates in Abuja during their 9th Award Winners …

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2017 Budget: Presidency, National Assembly working together The Senior Special Assistant to the President on National Assembly Matters, Senator Ita Enang said the Presidency and National Assembly are all working together to ensure the consideration of measures laid before the legislature by President Muhammed Buhari, including the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper. Senator Enang disclosed this …

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ATCON Carpets CBN On ‘3-Minutes Call’ Tax Proposal The telecommunication companies in Nigeria have urged the Federal Government to drop the proposed tax on “three-minute” calls and above. The Association of Telecommunication Companies of Nigeria (ATCON) the umbrella body of the Operators, argued that recent present economic policies, of the Federal Government are gradually killing the industry, which is presently …

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Fuel scarcity looms over FG’s oil marketers $1.7bn Nigerians maybe thrown into another round of hardship, as the country may soon witnessed excruciating fuel scarcity in the next couple of weeks, owning to disclosure by oil marketers that they are running out of patience over the Federal Government’s refusal to pay its $1.7 billion debt owed them since May 2015. …

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SEC, sole approving authority for securities—Adeosun  Finance Minister, Mrs. Kemi Adeosun, has reiterated that the responsibility for the supervision, regulation and approval of issuance of securities in the local market for Nigeria’s internal debt rests solely with the Securities and Exchange Commission (SEC). The minister stated this in a circular explaining that, in line with its powers as conferred by …

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Naira loses 85% of value in two years – CBN …enjoins risk managers to be on top of their job As Nigerians continued to grapple with the hash economic realities bedeviling the domestic economy, the Central Bank of Nigeria has disclosed that the naira has lost about 85 per cent of its value in the last two years and that …

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