The Senate on Thursday approved the $22.7 billion external loan request sent to it by President Muhammadu Buhari. This was the outcome of the closed-door session of the upper chamber which lasted from 12.35pm to 1.30pm during which the report of the Senator Clifford Ordia-led committee on local and foreign loans which considered the 2016-2018 […]

The Minister of Transportation, Mr. Rotimi Amaechi, on Thursday in Abuja said that he was not aware of the reported sack of the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Dakuku Peterside, by President Mohammed Buhari. Dakuku’s tenure, Amaechi said, expires on Tuesday, noting: “until his tenure expire that is when […]

The United States Department of State has renewed its $7 million reward, about N2.52 billion, for information that can lead to the arrest of the leader of Boko Haram, Abubakar Shekau, whose fighters have waged war against Nigeria and other neighbouring countries. The renewal was made yesterday on the French version of the official Twitter […]

President Muhammadu Buhari, former presidents Dr. Goodluck Jonathan, and former vice president, Alhaji Atiku Abubakar, yesterday felicitated with former President Olusegun Obasanjo on the occasion of his 83rd birthday, coming up today, March 5, 2020. Buhari, in his message, congratulated the former president for what he described as a life of courage, dedication and service […]

As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. The answer to the question of whether South Africa or Nigeria, the two countries that account for almost half of sub-Saharan Africa’s gross domestic product, is the biggest economy on the continent has long depended on […]

The coast became clearer on Tuesday for the establishment of security outfits in the Southwest states. The Amotekun Corps Bill was passed by Houses of Assembly of Lagos, Oyo, Ogun, Ondo and Osun states. The Ekiti State House of Assembly had earlier passed the Bill. Following the passage of the bill by the lawmakers, the six […]

Director-General of Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu, is now undergoing 14-day self-isolation to allow for confirmation that he is not infected with COVID-19, following his recent return from China. The Minister of Health, Dr. Osagie Ehanire, told the Senate yesterday that Ihekweazu was in China as part of a World Health […]

The President of the African Development Bank Group, Dr. Akinwumi Adesina, has announced the appointment of Ms. Bajabulile Tshabalala as Acting Senior Vice President of the Bank. The appointment is with immediate effect. Tshabalala, currently the Vice President for Finance and Chief Finance Officer for the African Development Bank Group, joined the Bank on August […]

President Muhammadu Buhari yesterday pledged Nigeria’s preparedness to abide by the decision of the tripartite committee comprising Nigeria, Benin and Niger Republic on the partial closure of the country’s land borders whenever the report is submitted. He also said Nigeria was putting measures in place to secure the Gulf of Guinea, following his meeting with […]

THE Lagos Chamber of Commerce & Industry (LCCI) has revealed that the assessment of realities in the macroeconomic environment suggests the economy is yet to recover from the 2016 recession. In a statement, LCCI Director-General Muda Yusuf, said growth is still sluggish and weak to create employment and lift millions of Nigerians out of poverty. […]