Browsing tag: Nigeria

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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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“Buhari Told Me He Wants A VP That Can Hold The Nation Together If He Dies” – Pastor Bakare

Tunde Bakare, a prominent Lagos pastor and the General Overseer of the Latter Rain Assembly, was quoted to have revealed that President Muhammadu Buhari always wanted a Vice President that could hold the nation together in case he died. According to TheCable, Bakare said that was why Buhari selected him as running mate in 2011. It would be recalled, the duo contested the election under the platform of the then Congress for Progressives Change (CPC), but lost to the Peoples Democratic Party

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“Nigeria To Stop Importation Of Fuel By 2019” – Ibe Kachikwu

According to the Minister of State for Petroleum Resources, Mr Ibe Kachikwu, Nigeria will stop importing refined petroleum products by 2019. The minister said this on Tuesday in Abuja at a public hearing on the review of petroleum pricing template for Premium Motor Spirit organised by the House of Representatives. He said that within two years, the Federal Government revived refineries that were non-functional to contribute about eight million out of over 20 million litres of petrol consumed

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2Face Idibia Takes A U-Turn As He Cancels Nationwide Protest

Its official, legendary singer 2Face has cancelled the national protest which was scheduled for Monday, February 6th. The African Queen singer has been facing serious challenges since he announced that he would be embarking on a nationwide protest. Also, the police had earlier warned that based on intel, the protest would be hijacked by hoodlums for their violent reasons as they adviced the singer to stop the proposed protest. However, the singer posted the Do’s and Don’ts of the

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The Naira Is Dead- Lets Redenominate The Currency Before Its Too Late

The Naira Is Dead: Lets Redenominate The Currency Before Its Too Late!, By Paul Alaje The naira was first introduced as the official currency of Nigeria in 1973, as replacement of the one with a colonial notation. Thus, the naira and kobo replaced the pound and shilling. Nigeria currencies were also introduced in coins and notes, with the half kobo, one kobo, 10 kobo and 25 kobo. These were token coins with reasonable purchasing powers. In the currency of fiat were the 50 kobo, one naira,

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Nigerian Govt Orders Immediate Payment Of N150bn To Petroleum Marketers

The Federal Government Of Nigeria on Wednesday ordered the immediate payment of the N150 billion Petroleum Equalisation Fund owed petroleum marketers in the country. The directive, which was reportedly given at a meeting between the Chief of Staff to the President, Abba Kyari, and key players in the downstream sector, sources said, would help to avert fuel scarcity which had become imminent in view of the debt owed marketers. The money is understood to be the bridging cost for the delivery

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792 Illegal Immigrants have been Deported from Nigeria

The Nigeria Immigration Service, Cross River Command, says it has deported about 792 illegal immigrants from the country and rescued 65 victims of human trafficking in the state in 2016. The State Comptroller of NIS, Funke Adeuyi, revealed this when the Country Representative of the United Nations Office on Drugs and Crime, Cristina Albertin, visited Calabar on Tuesday. Adeuyi said the illegal immigrants were captured at different borders of the state. A proper background check was

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The Logic Of Death Penalty For Kidnappers

The Logic Of Death Penalty For Kidnappers – Rasak Musbau In these days of economic crises and continued disparity between poverty and wealth, there have been many crimes that are putting our nation in a state of perpetual fear. Terrorism, Advance Free Fraud (aka 419), money laundering, cyber crime and kidnapping have become increasing source of worries in our nation. Kidnapping, especially, has become a nauseating affair. This piece was written by Rasak Musbau. The views and opinions

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Nigeria Pays N72 Billion To China For Lagos-Ibadan Railway Project

The Federal Government has released N72 billion counterpart funding for the construction of Lagos-Ibadan modernisation railway project. This revelation was brought to light by the Minister of Transportation, Mr Rotimi Amaechi at the quarterly Presidential Business Forum which was presided over by Vice-President Yemi Osinbajo at the Presidential Banquet Hall, Abuja, on Monday. He said the counterpart funding was released in full so that there will be no delay in the project

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Nigerians are upset that Big Brother Nigeria is being shot in South Africa

Unlike Ghana, Nigerians on social media have promised not to get involved in a tweet-fight with South Africa for obvious reasons. The fact that the 2nd edition of popular reality show, Big Brother Nigeria is currently being held in South Africa just months after 'The Voice Nigeria' held there is not cool with Nigerians. Check out the reactions below;

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