Wednesday , 23 August 2017
NEWS UPDATE

Current Affiars

SPECIAL REPORT: How Nigerian companies raked billions after CBN switched off dollar tap on 41 items

SPECIAL REPORT: How Nigerian companies raked billions after CBN switched off dollar tap on 41 items

When the Central Bank Nigeria, CBN, blocked official dollar access to importers of 41 low-skilled items, Baton Nigeria, an Ogun state-based company, was preparing to start a factory producing tooth picks – one of the items on CBN’s list. By August 2016 when the company’s production lines had kicked off, the policy had been in place for a year. Now, ... Read More »

FG Spent N1.3trn On Capital Projects In 2016 – Osinbajo

FG Spent N1.3trn On Capital Projects In 2016 – Osinbajo

Vice President Yemi Osinbajo hinted yesterday that the federal government spent N1.3 trillion on capital projects from the 2016 budget appropriation. Speaking at the2017 Nigerian Bar Association (NBA) national conference in Lagos, Osinbajo noted that the figure was the highest sum spent on infrastructure in the history of the country. “The federal government spent about N1.3 trillion on capital projects ... Read More »

Buhari writes National Assembly, resumes duties as President

Buhari writes National Assembly, resumes duties as President

President Muhammadu Buhari has written the National Assembly, notifying the lawmakers of his return from a 103-day medical vacation in London and his subsequent resumption of duty, an official has said. The president signed the letter of notice for dispatch to Senate President Bukola Saraki and Speaker Yakubu Dogara, hours after his nationwide broadcast to the nation Monday morning. The ... Read More »

President Buhari Addresses The Nation (Full Speech)

President Buhari Addresses The Nation (Full Speech)

After more than three months in London on a medical vacation, President Muhammadu Buhari returned to the country on Saturday and this morning he addressed the nation. In his speech, the President spoke about Nigeria’s unity, agitations, and the war on Boko Haram, among other things. Read his full speech below: My dear citizens, I am very grateful to God ... Read More »

Buhari’s Return is a Sign of the Nation’s Recovery – Osinbajo

Buhari’s Return is a Sign of the Nation’s Recovery – Osinbajo

Vice President Yemi Osinbajo says the recovery and return of President Muhammadu Buhari to Nigeria is a symbol of the nation’s recovery. Professor Osinbajo told reporters on Saturday in Abuja shortly after he received the President that he is happy President Buhari came back in good health. He said, “The message to Nigerians is that the recovery and recuperation of the ... Read More »

PHOTO NEWS: President Buhari Welcomed by Vice President Osinbajo

PHOTO NEWS: President Buhari Welcomed by Vice President Osinbajo

President Muhammadu Buhari on Saturday 19th August, 2017 returned to Nigeria from his medical vacation in the United Kingdom. See photos of his arrival as he was received by the Vice President, Professor Yemi Osinbajo, and members of the Federal Executive Council among other dignitaries.     Read More »

BREAKING: President Buhari arrives Nigeria after 103 days in London

BREAKING: President Buhari arrives Nigeria after 103 days in London

President Muhammadu Buhari alighted from Nigeria’s Presidential Jet, Eagle One which touched down at the Nnamdi Azikiwe International Airport at about 4:38 PM on Saturday Nigeria’s federal capital, Abuja. The presidential jet departed the United Kingdom at 10:27 AM. On hand to receive the President are the Acting President, Professor Yemi Osinbajo, members of the Federal Executive Council and the ... Read More »

BREAKING: Finally, Buhari returns to Nigeria today

BREAKING: Finally, Buhari returns to Nigeria today

President Muhammadu Buhari is expected to return to the country later today August 19, 2017 This was revealed in a statement by his Special Adviser on Media and Publicity, Femi Adeshina “President Buhari is expected to speak to Nigerians in a broadcast by 7 a.m on Monday, August 21, 2017 “He thanks all Nigerians who have prayed ceaselessly for his ... Read More »

Adeboye Visits Buhari In London

Adeboye Visits Buhari In London

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has visited President Muhammadu Buhari at the Abuja House in London. Pastor Adeboye joins the long list of dignitaries that have visited the President since he left for London on medical vacation more than 100 days ago. The picture released by the State House shows Pastor Adeboye ... Read More »

U.S President, D. Trump relieves Adebayo Ogunlesi’s appointment

U.S President, D. Trump relieves Adebayo Ogunlesi’s appointment

Nigerian born international CEO, Adebayo Ogunlesi has now ceased to be an adviser to embattled US President Donald Trump. Trump sacked him today along with other distinguished CEOs counselling him via two councils on how to “Make America Great Again”. Adebayo Ogunlesi: to advise Trump on the economy Trump sacked Ogunlesi on Twitter, when he announced the dissolution of two ... Read More »

Govt officials received N400bn bribes in one year – NBS

Govt officials received N400bn bribes in one year – NBS

A total of N400bn was received in bribes by public officials within a period of one year, the National Bureau of Statistics said on Wednesday. The NBS stated this in its National Corruption Report, adding that 32.3 per cent of Nigerian adults who had contact with public officials between June 2015 and May 2016 had to pay bribes to the ... Read More »

Nigeria To Save N300bn Annually From Rice Import

Nigeria To Save N300bn Annually From Rice Import

Nigeria will be saving about N300 billion it spends annually on importation of rice as local production of the commodity has now reached 15 million metric tonnes, the federal ministry of Agriculture disclosed yesterday. The director of Agriculture at the Kano office of the ministry, Muhammad Adamu, who gave the hint, while inaugurating the Rice Millers Association of Nigeria (RIMAN) ... Read More »

I’m Okay now waiting for doctors directive to return home –Buhari

I’m Okay now waiting for doctors directive to return home –Buhari

President Muhammadu Buhari says he believes he is strong enough to return to the country, but his doctors will be the ones to determine when he returns. The President who has been away from the country for more than 90 days said this when members of his media team and his Senior Special Assistant on Diaspora Matters, Abike Dabiri-Erewa, paid ... Read More »

PHOTOS NEWS: Buhari’s Media Team Visits Him In London

PHOTOS NEWS: Buhari’s Media Team Visits Him In London

President Buhari’s media team visited him today in London, the Presidency has revealed. In an e-mail to Channels Television, containing images from the visit, those who made the trip were identified as the Minister of Information, Lai Mohammed;  Senior Special Assistant Media and Publicity, Garba Shehu; and Special Adviser, Media and Publicity, Mr Femi Adesina; and the Personal Assistant to ... Read More »

Anyaoku, Gambari, Others Insist Nigeria Must Be Restructured

Anyaoku, Gambari, Others Insist Nigeria Must Be Restructured

Restructuring Nigeria is the only viable option for the country to make progress in its developmental quest, according to some elder statesmen and thought leaders who have continued to drum up support for the idea. They expressed the unanimous opinion at the 2nd annual lecture of the Akintola Williams Foundation in Lagos. One of them, the former Secretary General of ... Read More »

INEC releases time-table to recall Dino Melaye

INEC releases time-table to recall Dino Melaye

The Independent National Electoral Commission, INEC, on Monday released the time table for the recall of the senator representing Kogi West, Dino Melaye on Monday. The decision of the electoral umpire is coming amidst efforts by Mr. Melaye’s lawyer to stop the commission from kick starting the process. INEC had last week acknowledged receiving a petition from Mr. Melaye’s constituents ... Read More »

Elder Statesman, Maitama Sule dies at 88

Elder Statesman, Maitama Sule dies at 88

Maitama Sule, First Republic minister, former Nigerian ambassador to the United Nations and leader of Northern Elders Forum passes away in a Cairo hospital. Reports say that he died in a hospital in Cairo, Egypt’s capital while receiving treatment for an illness. According to officials of the Kano State Government, the Dan Masanin Kano as his popularly known  died at ... Read More »

Customs begins e-auctioning of vehicles

Customs begins e-auctioning of vehicles

The Nigerian Customs Service on Monday unveiled an electronic auction platform by which cargoes that have been forfeited to the Federal Government could be sold to Nigerians through a transparent bidding process. The unveiling of the e-auction platform was performed at the headquarters of the NCS by the Comptroller-General of Customs, Col Hameed Ali (Rtd). Present at the event were ... Read More »

Violence Mars APC primary election, ex-Senator manhandled

Violence Mars APC primary election, ex-Senator manhandled

Violence erupted midway into the primary election of the All Progressives Congress (APC) to elect chairmanship candidates for the July 22 council polls in Lagos State on Saturday, ending the event abruptly. The News Agency of Nigeria (NAN) reports that some aggrieved party supporters engaged one another in a free-for-all midway into the election, smashing ballot boxes over allegations of ... Read More »

Osinbajo attends G7 summit, meets Trump

Osinbajo attends G7 summit, meets Trump

Acting President Yemi Osinbajo left Nigeria on Saturday for Taormina, Italy to attend the G7 meeting where he met with U.S President Donald Trump. The G7 is comprised of Canada, France, Germany, Italy, Japan, the UK and the U.S. He also met other leaders, including the Chancellor of Germany, Angela Merkel. The special assistant to the acting president, Mr. Laolu ... Read More »

More Trouble for Kogi Gov. Yahaya Bello as INEC formally accuses him of double voter reg

More Trouble for Kogi Gov. Yahaya Bello as INEC formally accuses him of double voter reg

The Independent National Electoral Commission has formally accused the governor of Kogi State, Yahaya Bello, of registering for permanent voter card twice, in violation of federal electoral law. The electoral body said Mr. Bello acted “illegally” to have registered for voter’s card in Abuja and Kogi, but said it could not take action against the governor because he is constitutionally ... Read More »

Uproar as Ambode sacks Chaplain for ‘disrespecting’ wife

Uproar as Ambode sacks Chaplain for ‘disrespecting’ wife

The alleged sack of the Presiding Chaplain, Chapel of Christ the Light, Venerable Femi Taiwo after the priest was said to have disrespected the wife of the Lagos State Governor, Bolanle Ambode has been creating uproar. It was learnt that Taiwo got the sack on Monday, May 15 by the Governing council of the church without any query or official ... Read More »

APC chairman speaks on Obanikoro’s planned defection to ruling party

APC chairman speaks on Obanikoro’s planned defection to ruling party

The Chairman of the All Progressives Congress (APC) in Lagos, Henry Ajomale, on Wednesday said the party was stepping up arrangements to welcome a chieftain of the Peoples Democratic Party(PDP) and former Minister of State, Musiliu Obanikoro, into its fold in a matter of weeks. Mr. Ajomale, who gave the hint in an interview with journalists in Ikeja, said Mr. ... Read More »

Breaking: 50 Biafran demonstrators in police net

Breaking: 50 Biafran demonstrators in police net

At least 50 members of the Biafra Independent Movement (BIM), Ebonyi State, were arrested by the police in Abakaliki, the Ebonyi State capital when the group staged what it called the ‘new Biafra’ commemoration rally. Over 2000 persons bearing Biafra flags flooded the capital city during the rally which saw policemen at strategic locations. It was gathered that those arrested ... Read More »

Kano Assembly suspends Emir Sanusi probe after ‘Osinbajo, IBB intervention’

Kano Assembly suspends Emir Sanusi probe after ‘Osinbajo, IBB intervention’

The Kano State House of Assembly has called off its investigation of alleged misappropriation of funds and other infractions by the Emir of Kano, Muhammadu Sanusi. The House resolved to drop the probe following a plea through a letter by the state governor, Abdullahi Ganduje, which was read by the speaker, Kabiru Alhassan Rirum, on the floor of the House. ... Read More »

UK govt reacts to coup rumours in Nigeria

UK govt reacts to coup rumours in Nigeria

The British government has warned against “non-democratic” change of government in Nigeria, amid speculations about military coup as concerns grow over President Muhammadu Buhari’s health. “The British government believes that democracy is actually critical in Nigeria,” the United Kingdom High Commissioner to Nigeria, Paul Arkwright, said on Wednesday. “There are elections. If you’re not happy with your leaders then you should ... Read More »

I will sign 2017 budget when satisfied with content – Osinbajo

I will sign 2017 budget when satisfied with content – Osinbajo

Acting President Yemi Osinbajo will assent to the 2017 budget when he is satisfied with the content, his spokesperson said on Wednesday, in apparent reaction to a report that Information Minister Lai Mohammed said the government was unsure of who to sign the budget. Earlier on Wednesday, Vanguard newspaper had published a report entitled: “We don’t know who will sign ... Read More »

Senate bars NNPC, others from spending money

Senate bars NNPC, others from spending money

The Senate has directed the Nigerian National Petroleum Corporation (NNPC) and other revenue generating agencies to stop further capital expenditure until they comply with the Fiscal Responsibility Act. ‎It said that the agencies had violated the Act and gave them two weeks to submit their budgets in accordance with the provisions of Section 21 of the law. ‎The directive was sequel to ... Read More »

Another Chibok Girl Has Been Found – Osinbajo

Another Chibok Girl Has Been Found – Osinbajo

 The Acting President Yemi Osinbajo has confirmed that another Chibok schoolgirl has been found, barely 12 days after the release of the 82 abducted girls by terrorist group, Boko Haram. Professor Osinbajo who made the announcement during the Federal Executive Council meeting on Wednesday said that apart from the girls who escaped on the night of the abduction, only 122 ... Read More »

PDP crisis: Makarfi group advises aspirants to defect

PDP crisis: Makarfi group advises aspirants to defect

The division in the Peoples Democratic Party (PDP) got to a head yesterday, with the Ahmed Makarfi group telling its supporters to seek other platforms for their ambitions. The group is battling for the soul of the former ruling party with the Ali Modu Sheriff court-backed leadership. The Supreme Court is to settle the crisis. It advised the state chapters ... Read More »