Nigeria Senate is seeking the allocation of 20 percent of the country’s annual budget to constituency projects of its members, a new Bill to that effect passed second reading on Wednesday in the Senate. The bill, sponsored by Senator Stella Odua from Anambra State, is making provision to the effect that 20 percent of...
Read MoreNigeria has ordered investigations into the invasion of a federal high court in Abuja last Friday by the operatives of the Department of State Service (DSS), the country’s Attorney-General has revealed. Abubakar Malami spoke after paying a courtesy visit to the Chief Judge of the Federal High Court, Justice John Tsoho. The DSS had...
Read MoreCommittee to Protect Journalists (CPJ) has named Agba Jalingo as the only Journalist behind bars for his work in Nigeria but says the detention of Omoyele Sowore is symptomatic of Nigeria’s wider crackdowns on freedom of expression, upon which press freedom also depends. In its latest Prison census report for 2019, CPJ said for...
Read MoreLagos state government plans to construct a 6,000 capacity trailer park as part of moves to decongest traffic along roads leading to the port city of Apapa. State Governor Babajide Sanwo-Olu made this known in a series of tweets on Wednesday, saying construction work on the park will start soon. “On the decongestion of...
Read MoreAisha Buhari, wife of Nigeria President Mohammadu Buhari has accused a close relative of the president and his spokesman of hijacking the presidency and causing disaffection within the first family. The First Lady in a statement she signed and sent to Daily Trust newspaper, accused Mamman Daura of issuing a directive to a presidential...
Read MoreNigeria’s central bank has projected a Gross Domestic Product (GDP) growth rate of 2.38 percent for the last quarter of this year, better than the 2.28 percent economic growth rate in the third quarter of the year. Hassan Mahmoud, Central Bank of Nigeria (CBN) Deputy Director, Financial Policy and Regulation, revealed this in Yola...
Read MoreNigeria will spend about N750.81 billion to subsidise fuel consumption next year, this is according to data from the Petroleum Products Pricing Regulatory Agency (PPPRA). The government of President Mohammadu Buhari was not inclined to admit the payment of subsidies on local consumption of fuel since its inception in 2015. However, the state-owned oil...
Read MoreThe Central Bank of Nigeria (CBN) plans to further raise commercial lender’s loan-deposit-ratio (LDR) to 70 percent next year from the present 65 percent, a senior official of the regulatory bank has said. Hassan Bello, CBN director in charge of banking supervision said the introduction of LDR has boosted credit to the private sector,...
Read MorePresident Muhammadu Buhari has effectively removed Muiz Banire as chairman of the Board of the country’s ‘bad bank’ Asset Management Corporation of Nigeria (AMCON) and replaced him with Edward Lametek Adamu, a deputy governor at the apex bank. In a letter to the Senate on Tuesday, President Buhari asked the Senate to confirm Adamu...
Read MoreIn a move to rejig Lagos transportation mode, the State government has divided the metropolis into four route alignments and is seeking private investors with a minimum capacity of $1.5 billion to help build, maintain, operate and transfer (BMOT) an intermodal rail line across the state. In a notice of request for expression interest,...
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