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BREAKING: Nollywood Actress, Funke Abisogun AlHassan is dead

Funke Abisogun AlHassan

Nollywood Actress, Funke Abisogun AlHassan, is dead. The actress, who gave birth to a baby some days ago, died on Sunday evening. Her death was announced by her brother-in-law, Tunde Ola Yusuf, on Instagram. He wrote, ADIEU FUNKE… Just days ago, people celebrated with you for the delivery of Ur baby, now the Sun set at noon and U are ...

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NNPC not transparent despite reforms

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The Nigerian National Corporation is still not transparent enough despite the various reforms introduced by the Federal Government to make the corporation accountable to Nigerians, Publish What You Pay, an international coalition that promotes public debate on the reforms in the extractive sector, has said. According to the coalition, the Federal Government has yet to take strategic actions in its ...

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Issues in the MTEF 2018-2020

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The Federal Executive Council-endorsed Medium Term Expenditure Framework 2018-2020 has now been laid before the National Assembly awaiting parliamentary approval in accordance with the Fiscal Responsibility Act. The MTEF will derive the force of law when approved by the lawmakers and its key parametres will be the basis of the policy, revenue and expenditure profile of the 2018 federal budget. ...

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Dangote Cement consolidates pan-African operations

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Dangote Cement says it has maintained its strong hold in the Nigerian domestic cement market, accounting for 65 per cent of the market volume, while other African plants, volumes went up by 7.5 per cent to 7.0 metric tonnes per annum. According to a statement by the company on Sunday, it has in the past months expanded its operations across ...

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Pension assets rise to N7tn

The total assets under the Contributory Pension Scheme rose to N7.09tn as of the end of August, this year. Figures obtained from the National Pension Commission revealed that the funds had continued to maintain a steady growth since inception of the scheme. PenCom stated that the aggregate pension assets under the CPS grew from N4.61tn as of the end of ...

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37 job openings for young Nigerians in UN

There are 37 career openings for young Nigerians under the United Nations bureaucracy, according to UN deputy secretary-general, Amina Mohammed. Amina disclosed this at a Cultural Night organised by Nigerians working at the United Nations Systems. She said the openings are available  via the Junior Professional Officers’ (JPO) Programme, including internship for young graduates. According to her, Nigeria has the ...

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Lagos storm delays Azman flight from landing

Aircraft landing on runway

An Azman Air flight from Abuja was on Sunday afternoon reportedly made to hover in the air for more than 30 minutes as it was unable to land at the Murtala Muhammed Airport, Lagos due to stormy weather. One of the passengers in the flight, Achillieus-Chud Uchegbu, said that after the delay, the aircraft eventually landed at the international wing of ...

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African leaders must speak with one voice – President Buhari to Alpha Conde of Guinea

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President Buhari has said that African leaders must speak ‘with one voice’, independent of foreign influence, to achieve economic integration, development, peace, and security on the continent. Speaking at a bilateral meeting with President Alpha Conde of Guinea on Friday night in Istanbul, Turkey, President Buhari said leaders should learn from history to effectively tackle conflicts, violent extremism, and proliferation ...

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Court orders CBN, banks to freeze accounts without BVN

CBN Ag Governor Sarah Alade_510x350 (1)

The Federal High Court in Abuja has ordered the Central Bank of Nigeria and the 19 commercial banks in the country to disclose all accounts in their custody and the balances in such accounts. The court ordered the banks to disclose the details of all such accounts, their owners and their proceeds in their affidavit of compliance deposed to by ...

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Kaduna refinery dormant, PH, Warri producing below 30% — NNPC

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There seems to be no end in sight to the downward operational performance of Nigeria’s refineries since the beginning of 2017 despite several interventions made to reinvigorate the facilities by the Nigerian National Petroleum Corporation.. The latest monthly oil and gas report released by the national oil firm showed that the cumulative capacity utilisation of the nation’s three refineries dropped ...

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Three soldiers killed as troops bomb B’Haram camp

chad raid by boko haram

Troops of the Operation Lafiya Dole, the military anti-terrorism operation in the North-East, have bombed buildings in a large Boko Haram camp which they discovered on Friday, killing unspecified number of insurgents. The Boko Haram settlement was discovered at the Urga area of Konduga in Borno State. Our correspondent learnt that the settlement, said to be highly populated, was discovered by an ...

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Oni has no fraud case to answer – Ekiti lawmakers

Segun Oni

The Ekiti State House of Assembly has said the former Ekiti State Governor, Segun Oni, is not being probed over any allegation of mismanagement of public funds while he presided over the state. The lawmakers added that the query about Oni, submitted by its Public Accounts Committee as part of the 2015 reports by the state’s auditor-general, was quashed for ...

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I will never return to PDP, says Obasanjo

Obasanjo

Chief Olusegun Obasanjo, has vowed never to return to the Peoples Democratic Party. This was what he told journalists after he met with the  National Caretaker Chairman of the party, Senator Ahmed Makarfi, behind closed-doors. The meeting was held at the Olusegun Obasanjo Presidential Library, Abeokuta, which lasted for one hour. The former president said, “I will never return to ...

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Johannesburg Stock Exchange suspends trading on Oando shares

oando

Following an exchange of correspondence between the Nigerian Stock Exchange (the primary Exchange on which Oando is listed) and the Johannesburg Stock Exchange, the latter has suspended trading on Oando shares. The action, which happened on Thursday, followed the NSE’s earlier suspension on the oil major as directed by the Nigerian capital market apex regulator – the Securities and Exchange ...

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We source 75% of raw materials locally – Guinness

guinness

The Managing Director/Chief Executive Officer, Guinness Nigeria Plc, Peter Ndegwa, spoke to STANLEY OPARA on the growth of the company amid the current economic realities in Nigeria Guinness Nigeria recorded 131 per cent increase in operating profit year-on-year for 2017 financial year. How was the company able to achieve this despite the state of the economy? Guinness Nigeria’s financial results were ...

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Police rescue kidnapped Catholic priest in Ebonyi

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The Ebonyi Police Command has rescued a Catholic priest, Rev. Fr. Timothy Nwanja, abducted by gunmen in Okpokueze Nkomoro community, Imoha Development Centre of Ezza North Local Government Area. The priest, who serves at St. Mary’s Parish in the area, was kidnapped by three gunmen at about 8.30pm on Sunday night at his residence. The state Police Public Relations Officer, ...

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Buhari’s failure pushing Atiku to contest in 2019 –Group

buhari

Former Vice-President Atiku Abubakar will be contesting 2019 presidential election because of the failure of President Muhammadu Buhari to deliver on the promises made to Nigerians by the All Progressives Congress, Atiku Support Group has said. The Director-General of the Atiku Support Group, Mark Wosi, said this on Friday, while confirming the intention of Atiku to contest the presidency in ...

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UK to deport 100 Nigerian students over debts

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More than 100 Nigerian students on scholarship in the United Kingdom universities could be deported home as early as this week except their fees are settled immediately, according to The Telegraph of London. The students are said to be sponsored by a regional agency and some of them are saddled with debts of up to £20,000. The name of the ...

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