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The Senate and the House of Representatives, have received the report of their respective Appropriations Committees on the 2016 budget. The report was laid at both chambers on Tuesday, ending weeks of adjournment. Senator Danjuma Goje (APC-Gombe), who chairs the Senate Committee on Appropriations, laid the report. While, Hon. Abdulmumin Jibrin, also submitted the report […]

Nigeria’s embattled Central Bank Governor Godwin Emefiele, shocked markets with a surprise rate hike this afternoon. We have enumerated severally our belief at Nairametrics that Emefiele should resign or be fired for destroying the credibility of the CBN. In another bizarre move during questioning after the MPC press briefings, Emefiele said the major way to […]

The Nigerian Ports Authority (NPA) have announced in its latest publication that nine ships have arrived Lagos ports, waiting to discharge petrol, diesel, base oil, butane, Aviation Turbine Kerosene and aviation fuel. The document states that 20 ships laden with petroleum products, food items and other goods were being expected to arrive Apapa and Tin-Can […]

The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), asking him to immediately withdraw hundreds of letters of employment issued by the apex bank. This decision by SERAP follows the scandal that has rocked the recruitment process which the organisation describes […]

Minister of Transportation and former governor or Rivers State, Rotimi Amaechi, and the current Governor of the state, Nyesom Wike, crossed the line on Sunday when they met at the Mile One police station in Port Harcourt, the Rivers State capital as collation of the tension-soaked election rerun in the state continued into Sunday. The […]

Nigeria and the Doha-based international broadcasting house Al Jazeera are to collaborate in the area of capacity building for journalists in the government-owned media organisations, especially the Nigerian Television Authority (NTA). This followed a request made by the Minister of Information and Culture, Alhaji Lai Mohammed, to Al Jazeera to collaborate with the Ministry of […]

In Abuja ,The Transition Monitoring Group (TMG), a coalition of over 400 civil society organisations, weekend, described the recent shady recruitment exercise conducted by the Central Bank of Nigeria (CBN) as a grand betrayal of a change mantra of the Buhari’s administration.  The Chairman of TMG, Com. Ibrahim Zikirulahi said in a statement in Abuja […]

President Muhammadu Buhari has stated that the epileptic power situation in the country should no longer be seen as a laughing matter, assuring that his administration will generate 10,000 megawatts of distributable power over the next three years. The President stated this on Monday while delivering a keynote address at the National Economic Council, NEC […]

Talented Nigerian musician, Olumuyiwa Osinuga a.k.a Nomoreloss has died. It was gathered that the singer was hospitalized some weeks back after being diagnosed of Typhoid.News gathered confirms that the Afropop singer is truly dead. Many of his colleagues have been expressing their condolences through their social media handles. The Ololufe fe singer will be greatly […]

12 Shares Share Tweet Share Share Email A source at Nigeria’s anti-corruption agency contacted some journalists on Monday to leak the story of an investigation the EFCC is allegedly carrying out in Dubai. The Economic and Financial Crimes Commission, EFCC, is trying to recover billions allegedly stolen in Nigeria and taken to Dubai, the United Arab […]

It seems like with each passing month, Osun state is descending deeper and deeper into the abyss of debt. After receiving up to N2.422 billion in FAAC allocations like every other normal state in the federation, its debt repayment obligations gobbled up N2.416 billion, leaving the state – which is 3.5 million people large – […]

MultiChoice, owners of DSTV has announced that there will not be any price hike in any of its bouquets, a practice usually done in April. The Managing Director for MultiChoice Nigeria, John Ugbe, in a statement said barring any further external economic shocks, the company did not anticipate a price increase in 2016. Here’s a […]