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CBN To Keep Looted Funds Escrow Account

The Central Bank of Nigeria( CBN ) has concluded arrangements to warehouse all recovered looted funds in a special escrow account to be created by the apex bank, it was learnt at the weekend. An impeccable source within bank who revealed this explained that the funds can never be lumped with other government funds at […]

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Godwin Emefiele

Banks To Raise Agric Lending To N300bn In 2016

The Bankers’ Committee, an umbrella body comprising the Central Bank of Nigeria (CBN), Deposit Money Banks and Discount Houses in Nigeria , said it has resolved to raise lending to the agric sector to N300 billion next year. CBN Governor, Mr. Godwin Emefiele, revealed this at the end of the 7th Bankers’ Committee Retreat held […]

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Can Buhari Treatment Fix The Economy?

Six months ago when President Muhhamdu Buhari took the oath of office, a lot of Nigerians looked forward with hope and optimism to a bright future. But that hope is fast receding into frustration as many are seeking answers to a myriad of questions, The Nation report. Too little, too late To many observers, measures […]

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Burundi Crisis: Army Says 87 Killed In Day Of Violence

According to BBC report, Eighty-seven people were killed in violence that broke out after three military sites were attacked in Burundi on Friday, the army says. Eight of those who died were security officers and 49 people were captured, Col Gaspard Baratuza said. Residents in the capital earlier said the bodies of some 34 men […]

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Kukah to Buhari: Dialogue With Kanu, Fellow Pro-Biafra Activists

The Catholic Bishop of Sokoto Diocese, Matthew Kukah, says pro-Biafra activists are entitled to their agitation and should not be crucified for it. He also advised the Federal Government to look at the positive side of Nnamdi Kanu, a leader of the pro-Biafra movement and promoter of Radio Biafra now in detention, and draw him […]

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Ooni Of Ife Calls For Effort To Combat Youth Employment

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi has appealed to the Federal and state governments across the country to come up with robust programmes to tackle youth unemployment. Speaking in Ode-Itsekiri (Big Warri) town in Warri South Local Government area of Delta state, the Ife monarch said emphasis needs to be placed on the […]

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2016 N6tr BUDGET: The Lowest Oil Benchmark in Many Years And The Economic Recession Fear

Oil Decline To $39, Threatens FG’s Savings Plan The proposal of N6trillion for Budget 2016 by the Federal Government has generated divergent views among economic experts in the country. While some economists called on government to embark on efficient taxation system to enhance more revenue generation for the economy, others said N6trillion proposal for expenditure […]

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CHAN Eagles To Play Ivory Coast In Pretoria Jan. 9

The Super Eagles Team B will be playing Ivory Coast next month in an international friendly, while in South Africa for its training tour as the count down to the Africa Nations Championship (CHAN) gets underway. President of the Nigeria Football Federation (NFF), Amaju Pinnick who confirmed the development to SportingLife, said the federation would […]

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Gaddafi’s Son Hannibal Freed After Lebanon Kidnap

Late Libyan leader, Muammar Gaddafi’s son Hannibal has been freed after being briefly kidnapped by an armed group in Lebanon, security sources say. In a video shown on Lebanese TV, the captive businessman was seen appealing for more information concerning the 1978 disappearance of the prominent Lebanese Shia cleric, Musa al-Sadr. He was freed in […]

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ThisDay Publisher Obaigbena Explains N670m Collected From Dasuki’s Office

Arms Deal: ‘Yes, I received money from Dasuki’ – ThisDay boss writes EFCC The publisher of ThisDay newspapers, Mr. Nduka Obaigbena, has denied collecting any illegal money from former National Security Adviser (NSA), Col. Sambo Dasuki. The publisher was one of the people fingered as the beneficiaries of the sum of $2.1 billion meant for […]

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Nigeria, Japan Trade Hits $5.28b

Trade volume between Japan and Nigeria has reached a record $5.28 billion, the Trade Commissioner and Managing Director, Japan External Trade Organisation (JETRO), Mr. Taku Miyazaki, has said. He said Japanese companies were keen on expanding their businesses in the country with high technology, According to The Nation Miyazaki urged the government to make the […]

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Boko Haram Killed 14 in Army Chief’s Mother’s Hometown

Fourteen people were killed, some of them decapitated, in a Boko Haram raid on a village in Borno State on Thursday, a resident and a civilian vigilante assisting the military said Friday, According to The Nation The attack happened at about 8:00 pm on Thursday in Kamuya, hometown of mother of the Chief of Army […]

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