Browsing tag: Nigeria

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Nigeria To Lose N3.45bn Daily As Shell Shuts Down Bonga

Shell Nigeria Exploration and Production Company Limited (SNEPCo) on Monday announced the shutdown of Bonga field, a move that is expected to cause oil firms and the nation a huge loss of revenue estimated at N3.45bn daily. A statement signed and issued by the Corporate Media Relations Manager of the company, Precious Okolobo, stated that the Bonga deepwater oilfield was shut down on Saturday to enable it to commence turnaround maintenance on the field and also execute statutory activities

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How I Will Defeat Corruption In Nigeria – Osinbajo

Acting-President, Yemi Osinbajo has said that he will defeat corruption in Nigeria with the same model he used to drive down the level of corruption in the Lagos State Judiciary to zero percent. He said this during a talk-shop organized by the Office of the Vice-President in contribution to the national dialogue on corruption, adding that he had the system reformed during his tenure as Attorney-General and Commissioner for Justice in Lagos. The Acting-President recalled that corruption in

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Chinese Men Arrested for Allegedly Importing Fake Tyres worth N5bn to Nigeria

Taolung Shen and Xu Jing Yau. Photo Credit: PUNCH Two Chinese men, Taolung Shen and Xu Jing Yau have been arrested by the Standards Organisation of Nigeria (SON) for allegedly importing fake tyres worth over N5bn. The Director General of SON, Anthony Aboloma, said the seizure followed a tip-off from a whistle-blower. According to PUNCH, statement by SON on Sunday said that the suspects brought the substandard tyres into Nigeria by stuffing them into one another. The suspects, the

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These Celebrities Are Counting Dollars On Instagram & It’s Annoying

Nigerian celebrities don’t skip any moment at all to flaunt their high end luxury and lifestyle.  There are a few of them who top the list and we all know them. While these might not be very funny with fans is because of the harsh economic realities. One of such problem is the high naira – dollar foreign exchange rate. As at today, the Nigerian naira exchanges at almost #460 to the dollar at the parallel market. Invariably, Nigerians have experienced high cost of living for nearly two

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Just In: Nigeria Fires All NCAA Directors

The Federal Government on Friday announced the dismissal of the 10 directors in the Nigerian Civil Aviation Authority (NCAA), as part of an exercise geared at re-engineering the aviation industry regulatory agency. Confirming the development, the Minister of State for Aviation, Sen. Hadi Sirika, directed that the affected officials immediately hand over to those next in command in their various directorates. Also speaking, the General Manager, Public Relations, NCAA, Mr Sam Adurogboye,

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Nigeria’s Apex Bank Reintroduces Charges On Cash Deposits, Withdrawals

The Central Bank of Nigeria (CBN) on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals. This is contained in a circular issued to all Deposit Money Banks posted on its website. In the circular, the regulator said the decision to reintroduce the charges on cash deposits was part of the review of charges on deposits and withdrawals under the cashless policy. It said the decision was taken at the Bankers’ Committee meeting, which

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UN: Cameroon ‘Forcefully’ Repatriates 517 Nigerian Refugees ‘Fleeing From Boko Haram’

The U.N. Refugee Agency (UNHCR) has confirmed that Cameroon has forcibly repatriated more than 500 Nigerians who had fled into the country due to the Boko Haram insurgency. According to AFP, a statement issued by UNHCR indicated that a total of 517 Nigerians were sent back to their home country, including 313 who had applied for asylum. The report also stated that the repatriation occurred between February 10 – 15, 2017. “UNHCR, aware of the security challenges in the area as a result of

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Is Big Brother Naija Raising Africa’s Stupid Index? | By Philip Asuquo

Is Big Brother Naija Raising Africa’s Stupid Index? – Philip Asuquo I have heard and seen so many arguments about this reality TV show called Big Brother Naija. On one side, many condemn it with varying reasons while on the other, some say there is nothing wrong with it and even go on to call those who condemn it ‘hypocrites’. Thus, I will lend my thoughts to it. This article was written by Philip Asuquo. The views and opinions expressed here are those of the author and do not necessarily

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“I Will Be President Of Nigeria Very Soon” – Governor Fayose

Governor of Ekiti State, Ayodele Fayose, has once again declared that he would soon become the President of Nigeria. Governor Fayose, who is also the Chairman of the People’s Democratic Party (PDP) Governors’ Forum also stated that he believes that he will take over the mantle to lead the nation as his future is tied to the presidency. He made this public while being interviewed on African Independent Television, AIT on Monday. “It is not by power. It is destiny. I did not believe it when

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Senate, Reps Begin Public Hearing On 2017 Budget

The Senate and House of Representatives Committees on Appropriations are expected to begin a three-day detailed public hearing on the 2017 budget today, February 13, 2017. The public hearing is aimed at assisting efforts towards improving transparency in the N7.28 trillion proposed 2017 budget – presented by President Muhammadu Buhari last year. It is understood that about 59 stakeholders are expected to submit memoranda. The stakeholders include the Minister of Budget and National

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How Whistle-Blowers Recovered Another 151m Dollars, N8b Loot For Nigeria

The Federal Government of Nigeria has said it recovered another $151m and N8bn looted funds from three sources through whistle-blowers. The Minister of Information and Culture, Alhaji Lai Mohammed, in a statement issued on Sunday in Lagos, said actionable information given by whistle-blowers to the office of the Minister of Justice and Attorney-General of the Federation led to the recovery of the looted fund. He said the looted funds do not include the $9.2m in cash allegedly owned by a

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S/Africa Unveils 260 Dollars A Month Minimum Wage | Which Is Four Times Better Than Nigeria’s N18,000

The South African government has unveiled a national minimum wage of 3,500 rand ($261) per month in 2018, Deputy President Cyril Ramaphosa said on Wednesday. According to Reuters, the announcement follows protracted negotiations between the government and labour unions. The Deputy President also added that the national minimum wage, which equates to 20 rand ($1.50) per hour, would come into effect in May 2018. “The balance we have sought to strike is that it must not be too low, so that

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