Category Archives: Local News

AGF Assures of Improved Standards at Federal Treasury Academy.

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Accountant Gen of

Accountant-General of the Federation. Ahmed Idris has promised to raise the bar on the quality of academic programmes being offered as well as the state of infrastructure found at the Federal Treasury Academy, Orozo Abuja. Idris gave the assurance recently when he lead the members of Governing Board of the institution on a familiarization tour. […]

Senate approves MTEF, sets oil benchmark at $44.5 per barrel for 2017 budget

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Senator Bukola Sarak

The Senate has approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) in addition to setting an oil benchmark of 44.5 dollars per barrel for the 2017 budget. The lawmakers also approved the exchange rate of N305 to a dollar as proposed by the executive for the 2017 fiscal year. The approval […]

NBC at 65: Commits to Continued Investments for Growth and Community Well-Being

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    Nigerian Bottling Company Limited (NBC), manufacturers of Coca-Cola products has stated its commitment to continued investments in Nigeria as it celebrated its 65th Anniversary. This fact was disclosed at a celebratory cocktail reception with industry stakeholders in Lagos. The engagement was part of the various programmes NBC is rolling out to commemorate its […]

NDIC TRAINS EFCC/ICPC OPERATIVES

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NDIC

Concerned by the need to enhance the efficiency of the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC operatives, the Nigeria Deposit Insurance Corporation (NDIC) has concluded a capacity building programme for Operatives of both ibodies. The fifty-two day long training programme is in line with the existing collaboration between the […]

FEC, not govs will decide on sale of assets –FG

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Alhaji Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, says the final decision to sell national assets will be taken by the Federal Executive Council, which essentially comprises the President, the Vice-President and the 36 ministers. Mohammed said calls by the National Economic Council − which comprises the 36 governors and the Vice-President – for […]

Jibrin heads for court over 180-day suspension

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Abdulmumin Jibrin

The House of Representatives on Wednesday suspended its former Chairman, Appropriations Committee, Abdulmumin Jibrin, from the parliament for 180 legislative days (roughly one year). He was also banned from holding any position of responsibility in the House for the rest of the 8th National Assembly. In addition, he would tender a written apology to the […]

I didn’t confirm source of $4m Jonathan’s ex-aide gave me – Witness

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Dudafa

A Bureau De Change operator, Murtala Abubakar, has told a Federal High Court in Lagos that he did not confirm the source of the $4m cash given him at the Presidential Villa by a former Senior Special Assistant to ex-President Goodluck Jonathan on Domestic Affairs, Waripamo-Owei Dudafa. Abubakar said this on Tuesday when he appeared […]

Naira plummets to all-time low of 472/dollar

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Naira notes

The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the Central Bank of Nigeria adopted a flexible foreign exchange regime. The local currency stood at 452 to the dollar at the close of trading on Tuesday, down from 445 […]

Lagos resident killed after winning lottery

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Samson Folarin

A 35-year-old man, Ejike Onyejekwe, has been killed in the FESTAC Town area of Lagos State. PUNCH Metro learnt that the victim, who lived on 21 Road, K Close, FESTAC, was stabbed to death after winning a lot of money from a lottery. Our correspondent gathered that Onyejekwe, to celebrate the winning, bought drinks for […]

Ekweremadu, Ezekwesili reject call for national assets’ sale

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Deputy President of the Senate, Senator Ike Ekweremadu, and a former Minister of Education, Mrs. Oby Ezekwesili, have opposed the proposed sale of Nigeria’s national assets as part of the means of moving the country out of economic depression. Ekweremadu expressed his opposition against the suggestion of business mogul, Aliko Dangote, and the President of […]