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Relief package drawn from NLNG dividends, excess crude account intact – FG

The federal Government on Tuesday cleared the air on the presidential relief package released to states yesterday (Monday). A statement issued by the Special Adviser, Media to the President,, Femi Adesina, disclosed that “reports in sections of the media today (Tuesday) that funds will be drawn from the Excess Crude Account for the relief package approved by President Muhammadu Buhari ... Read More »

Naira gains marginally against the green back

The naira on Monday gained against the US dollar by N0.76k or 0.38 percent, as demand slows at the inter-bank foreign exchange (FX) market. After trading on Monday, the local currency closed as N197.82k against the dollar compared with N198.58 traded on Friday last week, data from Financial Markets Dealers Quotations have revealed. At the Bureau De Change segment of ... Read More »

Help government diversify economy, Dangote tells local investors

Nigerian and international business people have been urged to lead in the task of diversification of the Nigerian economy as the only viable option to the current economic quagmire, as the economy comes under pressure due to scarcity of funds occasioned by the fall in crude oil prices. Aliko Dangote, president, Dangote Group, made this call in Lagos while addressing ... Read More »

Lagos presents cheques to Iyana-Ipaja, Idimu tanker fire victims

    …Fact Finding Committee Submits Report To Ambode Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday redeemed his promise to assist victims of recent tanker fire explosions in Iyana-Ipaja and Idimu Areas of the State with the distribution of cheques to 243 victims enumerated by the State government. The Governor who was represented by his Deputy, Dr. (Mrs.) Oluranti ... Read More »

20 killed in Zaria bomb blast: el-Rufai

  At least 20 people died and many others injured in Tuesday morning bomb blast in Nigeria’s northwestern Zaria city in Kaduna, governor Nasir el-Rufai has said. “I am sad that a terrorist bomb attack just killed 20 people in Sabon Gari (Non-indigene quarters) Zaria,” el-Rufai announced on his twitter page. “We call on our citizens to be vigilant and ... Read More »

Fayose instigated my arrest, says Iyaloja

The Iyaloja of Ado Ekiti, Chief Waye Oso was yesterday detained at the police headquarters in controversial circumstances. The market leader who spoke on telephone from police detention at about 8.30pm claimed that she was detained on the orders of Governor Ayo Fayose. Mrs. Oso said she was told to produce over N93 million purportedly raked in from the shops ... Read More »

Buhari approves N400bn bailout for workers’ salaries

President Muhammadu Buhari has approved a comprehensive relief package valued at about N400 billion to put an end to the lingering crisis of unpaid workers’ salaries in the country. Our correspoindent gathered that a three-pronged relief package that will end the workers plight include the sharing of about $2.1b (N413.7bn) in fresh allocation between the states and the federal government. ... Read More »

Alleged Murder Charge against our Chairman Hypocritical, APC Tells Fayose

The All Progressives Congress (APC) in Ekiti State has slammed the People’s Democratic Party (PDP) for criticizing President Muhammadu Buhari for hosting the APC State Chairman, Olajide Awe, along his counterparts from other states in the Aso Rock. It said PDP’s charge that Buhari should not have allowed Awe into the seat of power over alleged murder hanging on him ... Read More »

Nigeria’s economic fundamentals remain strong, says CBN

The Central Bank of Nigeria (CBN) has made a robust defense of its foreign exchange policy, saying the fundamentals of the Nigerian economy remain strong and are helped by measures by it to curtail frivolous foreign outflows in the face of   the recent oil price decline. The apex bank points to recent data by the Bureau of Statistics, showing inflation ... Read More »

Presidency raises alarm over Zahra Buhari’s fake Twitter Account

The Presidency has disowned an alleged Twitter comments against some foreign leaders by an account falsely linked to Zahra Buhari, one of the daughters of President Muhammadu Buhari. A statement issued in Abuja on Sunday by President Muhammadu Buhari’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu, said the offending handle @Zahra_Buhari had stopped being her own for ... Read More »