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President MUHAMMADU BUHARI has said establishment of modular refineries would make petroleum products readily available and eliminate their importation in the country.The President made this known during the virtual inauguration of the 5,000 barrels per day Waltersmith Modular Refinery in Ibigwe, Imo State.He pointed out that modular refineries was one of the four key components of his administration’s Refinery Roadmap rolled out in 2018, adding that ...

Governors and people of the South-South geopolitical zone have demanded the restructuring of Nigeria, in line with the principle of true federalism to guarantee peace, security, and stability of the nation.Governor IFEANYI OKOWA of Delta State, who is the Chairman of the South-South Governors Forum, stated this as the position of the zone during the regional stakeholders meeting with a presidential delegation.The delegation, led by the Chief of Staff to the...

The Chairman of the Board of the Nigerian Economic Summit Group, ASUE IGHODALO, says Nigeria is missing out on 19 trillion dollars’ worth of investment in negative-yielding assets globally because of the country’s bad investment climate. IGHODALO disclosed this in his speech at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget and National Planning.According to ...

The Minister of Finance, Budget and National Planning, ZAINAB AHMED, says the country will exit recession by the first quarter of 2021.AHMED spoke about the current recession in the country at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning.The Finance minister said the covid-19 induced recession followed the pattern across the world where many count...

Ondo State Governor ROTIMI AKEREDOLU has dismissed ADEKOLA OLAWOYE from the position of Attorney-General of the state.This was disclosed in a statement signed on by the Chief Press Secretary to the Governor, SEGUN AJIBOYE.Although no reason was given for OLAWOYE’s removal, CHARLES TITILOYE has been appointed immediately as his replacementAJIBOYE added that TITILOYE’s name will be forwarded to the state House of Assembly for con...

The Federal High Court in Abuja has ordered the sentence of Senator ALI NDUME over his inability to produce former Chairman of the defunct Pension Reformed Task Team, ABDULRASHEED MAINA, who has jumped bail in his ongoing 2 billion Naira money laundering trial.Justice OKON ABANG ordered that the Senator who stood surety for MAINA in May 2020 would only be released from prison until he either produces MAINA in court or sells off the 500 million Naira worth of property located...

Lobi Stars have booked their spot in the quarter final of the ongoing DAPO ABIODUN Preseason competition with a 2-1 win over Godosky FC.A 13th minute goal from AUSTIN OGUNYE and an own goal from DANIEL NWAKAMMA in the 45th minute gave Lobi Stars a commanding lead at half time, before CHIGOZIE AWORUE scored for Godosky in the 56th minute.In other results, Kwara United defeated Nilayo FC 3-nil with a brace from MICHAEL OHANU and a goal from SHOLA ABDULKAREEM,...

The Federal Government says it has no plans to shut down the internet or social media, but would only work with stakeholders to regulate social media.The Minister of Information and Culture, LAI MOHAMMED, disclosed this at a press conference in Abuja.MOHAMMED observed that social media was used wrongly to cause mayhem in the aftermath of the #EndSARS protest.The Minister said regulation of the social media was necessary to checkmate the su...

The President of the Academic Staff Union of Universities, Professor BIODUN OGUNYEMI, says the union is losing its members to private universities due to the inability of the Federal Government to meet its demands.OGUNYEMI, who spoke while featuring on a monitored programme in Abuja, also said the government cannot threaten the university lecturers with court action.The ASUU President added that over 200 Nigerian Professors left the country for institutions...

The APC Caretaker/ Extra-Ordinary National Convention Planning Committee has dissolved the party’s Executive Committee in Ebonyi State.The party also announced the setting up of a 15 member caretaker executive as replacement. This was contained in a statement titled, signed by the party’s Deputy National Publicity Secretary, YEKINI NABENA, in Abuja.The development followed the defection of the state governor, DAVE UMAHI, f...