News

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...

The Enugu State Commissioner for Health, EMMANUEL IKECHUKWU has faulted the failure of communities to report irregular health symptoms as cases of strange illnesses in the state persists.IKECHUKWU who disclosed this on a monitored program said that if people do not report to healthcare systems in the primary healthcare facilities at least, it becomes difficult for infectious diseases surveillance and response to be initiated.Deaths resulting from a strange ...

Minister of Youth and Sports Development, SUNDAY DARE has acknowledged that the recent #EndSARS protests were well-articulated but lacked leadership; hence the intrusion by hoodlums to wrought destruction on public and private properties.He noted that the demonstrations, which were initially peaceful, turned violent because there were no leaders to direct the focus of the struggle.According to him, government learnt a lot of lessons from the protests, inclu...