Happenings
Happenings
Happenings
Stakeholders advocate alternate healthcare funding
Nigeria needs to begin to seek out alternative sources of funding for the health sector, especially in the area primary health, care which is at the epicenter of achieving the Universal Health Coverage for all. This was the focus of discussion...
Happenings
Filmmaker tells IBB’s story in biopic film, ‘Badamosi’
The story of former Nigerian military Head of State, Ibrahim Babangida popularly known as IBB, has been documented in a new biopic, ‘Badamosi: Portrait of a General’. The film, written and directed by acclaimed filmmaker, Obi Emelonye,...
Happenings
FG, labour reach agreement over minimum wage
After hours of intense negotiations, the Nigerian government and the labour unions have reached a deal on the implementation modality of the new minimum wage. The government and labour unions had disagreements over the new minimum wage law signed...
Happenings
Govts votes N10b to take out-of-school kids from streets
Federal and state governments have earmarked N10 billion to remove 10.2 million out-of-school children from the streets in the next five years. The Federal Government said it hoped to achieve the target by enrolling two million children yearly in...
Happenings
Oil, diamonds, nuclear power: Russia eyes Africa business
While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence. Here are four sectors likely to be discussed at the Russia-Africa Summit set for next Wednesday and Thursday in...
Happenings
Experts, groups want new NDDC board to supervise audit
Positive reactions from segments of the society have continued to trail President Muhammadu Buhari’s pronouncement on Thursday for a forensic audit to be undertaken on the operations of the Niger Delta Development Commission (NDDC). While...
Happenings
Seven banks fail CBN’s stress test
THE funding positions of seven commercial banks are inadequate, the result of Central Bank of Nigeria (CBN) stress test released on Thursday, has shown. The financial stability report signed by CBN Director, Financial Policy and Regulation...
Happenings
FG approves N10 billion for Enugu airport repairs
The Federal Government yesterday approved the sum of N10 billion for the rehabilitation of the Akanu Ibiam International Airport, Enugu.President Muhammad Buhari, via his twitter handle, disclosed the approval on Thursday. Buhari in his tweet...
Happenings
Toyin Abraham opens herbal store
Nollywood actress, producer and enterpreneur, Toyin Abraham, has diversified into the herbal medicine business by launching Toyin’s Herbal. Days before, Toyin who revealed that her journey to motherhood was challenging had teased her followers...
Happenings
States owing N4tr in domestic debts
• Lagos (N542.231b), Delta (N223.442b), Rivers (N225.592b) • Jigawa (N38.227b), Anambra (N33.490b), Yobe (N26.990b) Domestic indebtedness of the 36 states and the Federal Capital Territory (FCT) as at the end of March 2019 was N3.972...
Happenings
Southwest governors to unveil Operation Amotekun
Oyo State Governor, Mr Seyi Makinde, has said that the security challenges confronting the people of the Southwest will soon be a thing of the past as governors in the region are working on the launch of a joint security outfit codenamed:...
Happenings
Patrick Day dies following brutal knockout
American boxer, Patrick Day, died on Wednesday in Chicago as a result of the traumatic brain injury he suffered during his fight on Saturday, where he was knocked out by Charles Conwell in the 10th round. Day, 27, had been in a coma for four days...
Happenings
Skills development key to bridging unemployment gap
To stem the unemployment tide in Nigeria, operators in the private sector have identified the need to increase investment in various skills acquisition programmes that will aid youth empowerment and economic growth. The programme, which cuts...
Happenings
Ericsson earnings top forecast as 5G takes off
Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected. 5G...
Happenings
IMF claims global economy faces $19tn corporate debt timebomb
Low-interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) time bomb in the event of another global recession, the International Monetary Fund (IMF) has said. In its half-yearly update on the...
Happenings
EU, UK Reach Brexit Deal
European commission President Jean-Claude Juncker delivers a speech during an event for the Inauguration of the European Labour Authority (ELA) in Brussels, Belgium, on October 16, 2019. OLIVIER HOSLET /...
Happenings
liverpools-golden-boy-alexander-arnold-makes-record-books
Trent Alexander-Arnold’s name is officially in the record books with the Liverpool right-back snaring a place in the 2020 Guinness World Records collection. Liverpool and England right-back, Trent Alexander-Arnold The 21-year-old contributed an...
Happenings
Woman’s photo, video divide Twitter as different versions greet her story
The photograph and video clip of a naked woman identified as Ene has led to cyber brickbats on Twitter. The inglorious video of the woman when she was naked, and later, wrapped in white cloth as if dead, have sent Nigerians talking. It was...
Happenings
Losses to border closure colossal, says LCCI
THE Lagos Chamber of Commerce & Industry (LCCI) has frowned at the disruptions and losses that businesses and individuals have suffered as a result of the border closure. It said corporates, large number of informal sector players and...
Happenings
Seplat acquires Eland Oil & Gas for £382 million
Seplat Petroleum Development Company Plc has acquired Eland Oil & Gas Plc for a cash value of £382 million. Seplat, in a statement, noted that the boards of Seplat and Eland reached agreement on the terms of a recommended cash acquisition of...
Happenings
Unease as NASS slashes legislative aides’ salaries
The National Assembly has drastically reduced the salaries and allowances of over 3,000 Legislative Aides serving in the Ninth National Assembly. The aides, who are hired by the 109 senators and 360 members in the House of Representatives,...
Happenings
FG, Labour fail to reach agreement on new Minimum Wage
The Federal Government and Organised Labour again failed to reach an agreement on the full implementation of the new minimum wage after it resumed negotiations on the consequential adjustment of salaries for workers on Thursday. After about eight...
Happenings
Senate faults Buhari’ s anti-graft war, urges proactivity
The Senate Committee on Public Accounts yesterday faulted the style of President Muhammadu Buhari's fight against corruption, which it noted, allows “corruption to happen before sending the EFCC or the ICPC after the culprits.” It, therefore,...
Happenings
‘Count me out’
MINISTER of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq was the cynosure of all eyes on Wednesday at the Federal Executive Council (FEC) meeting in Abuja. Colleagues milled around her. They smiled with...
Happenings
‘Fraudsters hacked bank server, stole Flour Mill’s N752m’
An auditor with the United Bank for Africa, Ojo Oladimeji, has narrated to the Federal High Court in Lagos how the bank’s server was allegedly hacked recently, with the hackers moving a total of N752m from the account of Flour Mills...
Happenings
FIFA to pay injured Uzoho’s wages as club begin search for new goalkeeper
World football governing the body, FIFA will be responsible for Francis Uzoho’s wages for the entirety of the time he will be out of action, as part of its compensation scheme to clubs whose players are injured during the international break,...
Happenings
Nollywood Actress, Funke Adesiyan Appointed As Aisha Buhari’s Aide
Nollywood Actress, Funke Adesiyan Appointed As Aisha Buhari’s Aide Nigerian actress Funke Adesiyan has been appointed as one of the political aides to the first lady, Aisha Buhari. The Nollywood star was appointed the Personal...
Happenings
Nigeria’s debt stock rises to N25.7 trillion
The nation’s debt profile rose from N24.95 trillion to N25.7 trillion in the last three months. One year ago, it was N22.38 trillion. The development showed that between April and June, the country’s obligations rose by N750 billion, and...
Happenings
Nigerian artist Ben Enwonwu painting sold by Sotheby's at $1.4m
When a man found the almost forgotten portrait of his mother in their family house in Texas, he had no idea just how life-changing his discovery would be. The portrait, Christine, was by one of the most revered African artists of the 20th...
Happenings
Buhari directs MDAs to submit yearly travel plans
To curb leakages and boost efficiency in the management of resources of Government, President Muhammadu Buhari, has approved for immediate implementation, additional cost saving measures aimed at instilling financial discipline and prudence,...
Happenings
‘How new technologies aided exploration of sedimentary basins’
Avoid N’Delta situation in dealing with North East discovery, stakeholders tell FGWith oil majors and state-owned exploring new measures for exploration to reduce production costs, stakeholders in the oil and gas industry have attributed the...
Happenings
Messi wins third straight Golden Shoe as top league-goal scorer
Barcelona captain Leo Messi received his sixth Golden Shoe as the top scorer in the European leagues on Wednesday. Messi won the trophy for a third straight year after scoring 36 goals, three more than his closest challenger, Kylian...
Happenings
Police raid another torture centre in Katsina
A Special Team from the Inspector General of Police Abuja, Mohammed Adamu has raided another torture centre at Kofar Marusa area of Katsina. The raid is barely a day after a similar exercise where the Islamic centre operated by 78- year- old...
Happenings
Insecurity: One Percent Budget For Defence Shows ‘We Are Not Serious’ – Ndume
The Chairman, Senate Committee on Army, Senator Ali Ndume, has faulted the N99.87 billion capital expenditure budgetary allocation for Ministry of Defence, stressing that the amount is less than one percent of the N10.33 trillion budget...
Happenings
Kim’s horseback ride spurs policy shift speculation
New pictures of Kim Jong Un riding a white horse through a winter landscape to the summit of Mount Paektu, a sacred peak for North Koreans, have fuelled speculation that the young leader may be set for a major policy announcement. The images...
Happenings
Senate Passes Production Sharing Contract Act Amendment Bill
The Senate has passed the Production Sharing Contract Act 2004 (amendment) Bill 2019, in a bid to shore up Nigeria’s revenue earning, Deep Offshore and Inland Basin. The bill was passed on Tuesday by the upper chamber after consideration of...
Happenings
UNIDO to boost Nigeria’s industrialisation with new country programme
The United Nations Industrial Development Organization (UNIDO) Representative to ECOWAS and Regional Director, Nigeria Regional Office Hub, Jean Bakole, has said that the new UNIDO Country Programme (2018-2022) would boost Inclusive and Sustainable...
Happenings
Child Trafficking: Kano Govt Promises To Commence Investigation, Ensure Justice For Victims
The Kano State Government has promised to investigate the case of nine children who were kidnapped and trafficked from Kano to Anambra State. The governor, Abdullahi Umar Ganduje, gave the assurance in a statement signed by his Chief Press...
Happenings
Strike: NLC shuts offices, schools
The Nigeria Labour Congress (NLC), Delta chapter has started to shut offices and schools in Asaba ahead of the planned strike over delay to implement the new minimum wage. The News Agency of Nigeria (NAN) reports on Wednesday that the NLC members...
Happenings
‘Nigeria borrowed more in last three years than it did in 30 years’
• Economy, population growing at different directions At current levels of over N25 trillion, it means that Nigeria has borrowed in three years more than it borrowed in 30 years previously, and the country to remain peaceful and get the economy...
Happenings
eWaste menace rises, only 20% gets recycled
• Worries in Nigeria over continuous influx of used computers, phones, TVs Discarded electrical and electronic equipment (such as phones, laptops, fridges, sensors and TVs), which is referred to as e-waste is becoming...
Happenings
Nigerians Fume As NIMC Attaches N3,000 Charges To National ID Renewal
The National Identity Management Commission (NIMC) on Tuesday disclosed that the renewal of the National Identity Card will cost N3,000 and replacement of the card if lost will cost N5,000. This was disclosed on the official...
Happenings
Between food security and food safety
Two days ago, Minister of Agriculture and Rural Development Sabo Nanono, government functionaries and delegates from the private sector started activities to mark this year’s World Food Day. The Day, an annual event established by the United...
Happenings
Digital jobs: a solution to Nigeria’s unemployment crisis
It is no longer news that Nigeria has an unemployment crisis. As at Q3 2018, the number of unemployed people (completely unproductive or did absolutely nothing) in Nigeria was 9.7 million. That is more than the entire population of Togo (8m). A...
Happenings
Trouble in Senate over recruitment scandal
• Leadership accused of sharing 100 job slots • Aggrieved lawmakers vow showdown • Commission cautions against police jobsAnger and suspicion are brewing in the Senate. These have been provoked by some members of the upper legislative...
Happenings
Ngige: govt can’t meet Labour’s wage demand
THE Federal Government cannot meet the demand of Labour in the new minimum wage regime, Minister of Labour and Employment Chris Ngige, said on Tuesday. According to him, the economy will grind to a halt like that of Venezuela, should the...
Happenings
IMF faults forex restrictions on 43 items as hurting investments
THE foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF). The policy is holding back Foreign Direct Investments (FDIs) into the local economy,...
Happenings
Teacher, student die in Delta after youths foil kidnap
Herdsmen attack, amputate farmer’s hand in Benue One of the teachers shot in a kidnap incident on Monday by gunmen suspected to be Fulani herdsmen has died at the Federal Medical Centre (FMC) Asaba, Delta State. Three armed men had stormed Azagba...
Happenings