The Central Bank of Nigeria, CBN, has denied reports in the media that the Federal Government was planning to devalue to country’s currency, Naira. The apex bank further said it is also not true that the Naira has been secretly devalued to N290 to $1 as being speculated. According to CBN Acting Director, Corporate Communications,…
President Muhammadu Buhari returned to the country on Friday after taking part in an anti-corruption programme in London, England. Buhari was accompanied to the International Anti-Corruption Summit by some officials of his government. At the occasion, the Nigerian leader requested support of the international community in his fight against corruption in the country. After the…
All things being equal, the Nigerian Labour Congress, NLC, and its civil society allies will commence a nationwide industrial action next week. This is to force the Federal Government to rescind its decision to scrap the controversial fuel subsidy and bring down pump price from N145 per litre. Labour said if the government fails to…
Report just reaching us confirms that the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the National Union of Petroleum and Natural Gas workers, NUPENG, has given thumbs up to the removal of fuel subsidy by the Federal Government. The two major unions in Nigeria’s oil and gas sector made threw their…
Reports reaching us say another explosion has occurred at the facility of Chevron Nigeria Limited on Friday. There have been renewed attacks on oil facilities in the Niger Delta region lately and a new group called the Niger Delta Avengers had claimed responsibility for them. Chevron had in the past few days recorded several attacks…
Wife of Nigeria’s Senate President, Bukola Saraki, Toyin, on Thursday, May 12, 2016, spoke at the Center for Strategic and International Studies, CSIS, on the fundamental rights of displaced women and girls in Nigeria. The event was organised by CSIS Africa Program. Mrs Saraki, who is the founder and President of the Wellbeing Foundation, noted…
Former aide to ex-President Goodluck Jonathan, has begged for forgiveness from his former boss, Olusegun Obasanjo. Okupe, well known as Jonathan’s attack dog, went flat to the floor to seek the good face of the man fondly called ‘ebora Owu’, which literally means ‘the Owu god’. The Ogun State-born politician was at the residence of…
Interim National Chairman of the Peoples Democratic Party, PDP, Ali-Modu Sheriff, has lambasted former Minister of Information, Prof Jerry Gana, and his ‘concerned stakeholders’ who ‘sacked’ him yesterday. The PDP boss, who spoke through his spokesperson, Inuwa Bwala, accused Gana of trying to cause mischief in the opposition party. Bwala said, “Unfortunately, among such groups…
Approved venues for the zonal congresses of the Peoples Democratic Party, PDP, have been released by the National Working Committee, NWC, of the party. This was unveiled on Thursday ahead of the exercises, which holds on Saturday, May 14, 2016. The party said “all members are hereby advised to adhere strictly to the approved venues…
National Leader of the All Progressives Congress, APC, Bola Ahmed Tinubu, has expressed his support for the removal of petrol subsidy by the Federal Government as announced on Wednesday by the Minister of State for Petroleum Resources, Ibe Kachiwku. The former governor of Lagos in a statement issued on Thursday in Lagos the President Muhammadu…