The Nigerian Senate yesterday said it will open investigation into the alleged diversion of N200 billion of the education tax collected by the Tertiary Education Trust Fund (TETFund) between 2012 and 2013. The amount was said to have been diverted to “unknown and unspecified uses not recognised in or permitted under the TETFund establishment Act, […]
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Nigeria’s President Muhammadu Buhari will depart Abuja today for for Johannesburg, South Africa to participate in the Forum on China/Africa Cooperation (FOCAC). The president will use the opportunity to discuss with the Chinese President Xi Jinping on development of the country’s rail sector. The forum in Johannesburg begins tomorrow and ends December 5. China Railway […]
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The U.S. says it has concluded plans to begin the implementation of the Security Governance Initiative (SGI), a comprehensive security master plan aimed at defeating terrorism and security threats in Nigeria. The U.S. Ambassador to Nigeria, Mr James Entwistle, disclosed this on Wednesday in Abuja when he paid a courtesy visit to the Minister of […]
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Nigeria’s largest power plant, Egbin Power Plc, said it is owed more than N40 billion ($202 million) and is facing persistent gas supply shortages despite boosting capacity, highlighting continuing challenges in ending daily blackouts since private companies took over the state utilities two years ago. Its Chief Executive Officer Dallas Peavey Jr. said the generating […]
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The Federal High Court in Lagos yesterday restrained Lagos State from prosecuting two engineers, who built the collapsed guest house of the Synagogue Church of All Nations (SCOAN). Justice Ibrahim Buba granted an order of injunction barring the commissioner of police from arresting and detaining the applicants. The orders, the judge said, will subsist, until […]
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South Africa is now believed to be the most corrupt country on the continent, according to a new survey. The latest report by Transparency International sees South Africa top the list of countries where citizens believe the problem has got worse in the last year. Over 80% of South Africans who were interviewed thought that […]
Read More The persistent decline of stock prices on the Nigerian bourse sent the market to a three-year low on Monday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 0.84 per cent to be at 27,385.69. The market has recorded a month-to-date and year-to-date decline of 6.1 per cent and 20.3 per cent […]
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The initial controversy that trailed the 2015 Supplementary Appropriation notwithstanding, the Senate on Tuesday passed the sum of N574, 532,726,857 billion proposed by President Muhammadu Buhari in the budget. The Supplementary Budget submitted to the Senate two weeks ago by President Buhari invariably enjoyed speedy passage amid resolve by Senators to remove all obstacles likely […]
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Sapele—A human rights activist in Sapele, Delta State, Mr James Idoghor, has called on the Federal Government to ban the wearing of veils across the country, noting that hoodlums were perpetrating crimes with them. Idogho, who expressed concern over the inability of the Federal Government to find the over 200 missing Chibok girls, and the […]
Read More The Minister of Information and Culture, Alhaji Lai Mohammed, has assured Nigerians of better times ahead, saying they will soon get the change they voted for. ”This Government will not give excuses. The painstaking and methodical approach by the Buhari Administration, its deep analysis and understanding of the challenges and the recent inauguration of the […]
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The Lagos Chamber of Commerce and Industry (LCCI) on Saturday expressed satisfaction at the turnout and conduct of exhibitors at the 2015 edition of the Lagos International Trade Fair. Dr Michael Olawale-Cole, the Chairman, Trade Promotions Board of the LCCI, disclosed this during a news conference to evaluate the activities of the ongoing trade fair […]
Read More Twenty four hours to the end of the 29th Lagos International Trade Fair, visitors have flocked the Tafawa Balewa Square venue while exhibitors have slashed prices of their products. The News Agency of Nigeria (NAN) reports that the exhibitors had earlier complained about low turnout of visitors and attributed the situation to the state of […]
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