The President, Major General Muhammadu Buhari (retd), on Monday, said the Federal Government under his watch made over N203bn from the sale of petroleum prospecting licenses to 161 firms in its last marginal fields bid round. “We implemented a marginal field bid round and saw to the conclusion of the …
Read More »FG borrows $800m for mass transit, cash transfers
The Federal Government (FG) has secured $800m from the International Bank for Reconstruction and Development (World Bank) to provide post-petroleum subsidy palliatives for over 50 million Nigerians ahead of June 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed this to State House correspondents on Wednesday, after …
Read More »Lagos-Ibadan Exp kidnappings: S-West in danger
TWO recent kidnapping incidents on the Lagos-Ibadan Expressway and in Ekiti State underline the growing insecurity in South-West Nigeria. At the Ibadan, Oyo State end of the expressway, suspected Fulani bandits attacked travellers on October 27, abducting five persons and killing several others. Two days after, seven bandits struck Irinele-Ekiti, …
Read More »‘Economic downturn’ struggles Nigerians have been facing in the last five years
There is no doubt that the Nigerian economy has been in struggling mode for the past five years, after the initial recovery from global economic downturn and inadequate domestic response. The last five years have seen the country in a more precarious situation in terms of increasing corruption, deepened appetite …
Read More »You’re not going outside this country, FG tells Onnoghen, seizes passport
The immediate past Chief Justice of Nigeria, Walter Onnoghen, has been barred from travelling out of the country by the President, Major General Muhammadu Buhari (retd.). The move may be part of a fresh probe into Onnoghen’s affairs. Onnoghen was convicted for not declaring his assets by the Code of …
Read More »