Director General of Debt Management Office, DMO, Dr. Abraham Nwankwo has restated the Federal Governmentâ€™s commitment to ensure that money borrowed to finance the 2016 budget will be dedicated to funding capital projects. Nwankwo stated this on Tuesday at a one-day workshop on â€œPublic Debt and the challenge of financing Nigeriaâ€™s economic recovery in Lagos.
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Federal government has reiterated its resolve to redefine spending in order to get maximum impact. Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, disclosed this when she appear as a guest at the Ogun State Investorsâ€™ Forum, holding in the state capital, said during a panel discussion on the economy that the current administration is
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Plateau State Government yesterday said it generated N2.06 billion as revenue in the first quarter of this year. Acting Chairman, Plateau State Internal Revenue Service, PSIRS, Dashe Arlat, made the disclosure in an interview with newsmen in Jos the state capital. Arlat described the revenue collected within the period as “very encouragingâ€™â€™ in comparison with
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TRADING on the equities market closed on a negative note yesterday, as NSE ASI depreciated by 0.70% to close at 25,646.56basis points, compared with the 0.49% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -10.46%. Market breadth closed positive as Tiger Brands led 32gainers against 18losers topped by UPL at the end of
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Allegedly purchased refurbished aircraft for NAF Economic and Financial Crimes Commission, EFCC, yesterday arrested a former Principal Private Secretary, PPS, to former President Goodluck Jonathan, Hassan Tukur. Tukur was picked up by operatives of the commission yesterday evening in his Abuja residence on the allegation that he was involved in the purchase of refurbished aircraft
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Senate backs petrol price hike You canâ€™t strike, court tells NLC, TUC Following the uncertainties that trailed the resolve of the Nigeira Labour Congress, NLC, and the Trade Union Congress, TUC, to embark on nationwide strike to protest last weekâ€™s hike in the price of petrol, there were allegations that the leadership of the factional
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Economic Community of West African States, ECOWAS, Court yesterday ordered the federal government to justify the detention of former National Security Adviser, NSA, Colonel Sambo Dasuki (rtd), in one day. The court also ordered the detained retired army officer to make out his case against government challenging his detention since December last year in one
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Nigeriaâ€™s electricity generation has dropped to 1400 megawatts, the Transmission Company of Nigeria, TCN, has said. According to a statement issued by Clement Ezeolisah, the companyâ€™s Assistant General Manager, Public Affairs, the plummet in power generation was due to some technical faults. â€œThe management of the system operation/ market operation of the Transmission Company of
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Chairman of the Code of Conduct Tribunal, Danladi Umar revealed yesterday that there were attempts to influence the tribunal to rule in a particular way during the trial of a former governor of Lagos State and the national leader of the All Progressives Congress, Bola Tinubu. Tinubu, a leader of the then opposition to the
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Concerned about the increasing proliferation and engagement of prohibited firearms that threatens security in parts of the country, the Inspector-General of Police, IGP Solomon E. Arase has directed all Commissioners of Police in State Commands and the FCT to activate mechanism for the mop-up of prohibited firearms within their areas of responsibility. The IGP stressed
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Vice-President Yemi Osinbajo said on Tuesday that no one in the country carried out any fraud or corrupt practice without making it to reflect the federal character. Osinbajo made the statement in his keynote speech in Abuja at the presentation of a book “Anatomy of Corruption in Nigeria, Issues, Challenges and Solutions,â€™â€™ edited by Mr
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The Chairman of Code of Conduct Tribunal, Mr Danladi Umar, on Tuesday, decried insinuations that he was being influenced to convict the Senate President, Bukola Saraki. Umar, who stated this in Abuja on Tuesday, swore to Allah to do justice in Saraki’s trial. “During Bola Tinibuâ€™s case, we were under influence but we did the
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A group of youths under the aegis of Buhari Youth Organisation, has called on the Nigerian Labour Congress to cancel its planned strike in protest against increase in price of petrol. The call is contained in a statement signed by the groupâ€™s National President, Mr Ubale Nalado and made available to News Agency of Nigeria
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A Boston hospital has carried out the first-ever penis transplant in the United States on a 64-year-old man who had suffered partial amputation due to cancer. Massachusetts General Hospital said in a statement that Thomas Manning of Halifax, Massachusetts, underwent the transplant in a five- hour operation. It said that doctors said they were cautiously
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Bauchi State Government on Tuesday announced the suspension of 22 senior staff of the State and Local Government service over their alleged culpability in the ghost workers scam. A press release issued by Malam Abubakar Al-Sadique, Press Secretary to Gov. Mohammed Abubakar, said the State Chief Executive had approved their suspension. The News Agency of
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There was no evidence to show that Senate President, Dr. Bukola Saraki bought a piece of undeclared property admitted Michael Wetkas, a detective of the Economic and Financial Crimes Commission (EFCC) on Tuesday. The property in contention is the one at 15 McDonald Street, Ikoyi, Lagos, which Saraki allegedly did not declare. Wetkas, a witness
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The trial of Senate President Bukola Saraki resumed at the Code of Conduct Tribunal on Tuesday. At the resumption of the trial, the chairman of the Tribunal, Mr. Danladi Umar asked the defence counsel led by Mr. Kanu Agabi (SAN) to be more tidy in the cross examination of Micheal Wetkas, the first prosecution witness.
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The crisis in the Peoples Democratic (PDP) has taken a new dimension, following a court order restraining the party from conducting elections into the offices of the National Chairman, National Secretary and National Auditor of the party. The order was given by a Federal High Court sitting in Lagos. Incumbent National chairman, Senator Ali Modu
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THE Jigawa state Police Commissioner summoned the leadership of the state’s branch of Nigeria Labour Congress (NLC) and held an emergency meeting in respect of the proposed nation wide industrial action by the Nigeria Labour Congress (NLC) today. Briefing news men in his office shortly after the emergency meeting with labour union the police commissioner,
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Funds meant for the mobilization of Batch â€˜Aâ€™ Stream two of the National Youth Service Corps members were released on Tuesday by the federal government. The management of the NYSC, while revealing this added that the programme which is billed to begin on Saturday, will go on as planned. The prospective corps members had shown
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