Category: News

With a combined debt profile of $1.84bn, Lagos, Kaduna and Edo State are among other states listed as most indebted states of the federation. According to statistics from the Debt Management Office in Abuja on Wednesday, the 36 states of the federation and the Federal Capital Territory owe $3.65bn in foreign debts as against the $7.61bn owed by the Federal Government as of June 30, 2016; bringing the country’s total foreign debt to $11.26bn. Lagos, which is the nation’s commercial hub, retained its topmost position as the most indebted state…

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Former CBN Governor and presently the Emir of Kano, His Highness Muhammadu Sanusi, has thrown his weight behind the Central Bank of Nigeria, CBN, over a major policy disagreement with the Finance Minister, Kemi Adeosun, on interest rate. The Finance Minister had advised the apex bank’s Monetary Policy Committee, MPC, meeting held Monday and Tuesday, to reduce interest rate by lowering its Monetary Policy Rate, MPR, from the present 14 per cent, to encourage investment and reflate the economy. But the MPC, which is the highest policy making body of CBN,…

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Senate has begun debate on the present economic recession that the country is presently confronted with. In their contributions, Deputy Senate President Ike Ekweremadu and Senator Dino Melaye, All Progressives Congress, APC, Kogi West called on President Muhammadu Buhari to Rejig his cabinet by either sacking incompetent ministers or reshuffling some by changing them to other ministries where they could perform better. While Ekweremadu urged the President to move the Ministers of Finance, Kemi Adeosun and Budget and planning, Udoma Udo Udoma to other ministries where they could be more…

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Lagos State Government has taken the issues on Hijab (Muslim headscarf) wearing to the Supreme Court to appeal judgment approving it’s use in public secondary and primary schools in the state. It would be recalled that Court of Appeal sitting in Lagos had two months ago granted right of use of Hijab in public primary and secondary schools in the state. The state government, in an appeal filed by Attorney-General and Commissioner for Justice, Adeniji Kazeem, urged Supreme Court to set aside the judgment of the lower court (Appeal Court) and…

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The Federal Judicial Service Commission, FJSC, has okayed Justice Walter Nkanu Onnoghen as the next Chief Justice of Nigeria, CJN. Onnoghen who is presently the most senior Justice of the Supreme Court, was nominated by the judicial body to take over from the current CJN, Justice Mahmud Mohammed who will step down on November 10, upon clocking the 70 years mandatory retirement age. Meanwhile, the FJSC, last week, forwarded Justice Onnoghen’s name to the National Judicial Council, NJC, which will in turn, forward same to President Muhammadu Buhari. Though section…

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Ekiti State Governor, Mr Ayodele Fayose has described President Muhammadu Buhari as the major problem of Nigeria that Nigerians must solve, saying; “Our President, through his actions and inactions is destroying everything that makes Nigeria a country and well-meaning Nigerians must stand-up to be counted in the crusade to save the country from going under.” This was According to a statement issued in Ado-Ekiti on Sunday by his Special Assistant on Public Communications and New Media, Lere Olayinka. The governor said it was President Buhari that went to foreign countries to de-market Nigeria by calling all Nigerians…

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Aliko Dangote, Africa’s richest business mogul has urged the federal government to sell off the Nigerian Liquified Natural Gas company, NLNG as well as other dormant but huge capital-generating sectors and invest the proceeds back into the economy to bring Nigeria out of its current recession before the end of fourt quarter. In an interview, the billionaire said: “The only way for us to get out of this recession is to make sure we move into action quickly; action by diversifying the economy quickly. “If I had challenges in my…

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The registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Ishaq Oloyede has said that the Nov. 30 deadline for conclusion of admissions into higher institutions for 2016 remains effective. The Registrar of the board reaffirmed the deadline in Abuja in his address at the opening of an Extra-Ordinary Technical Committee Meeting on 2016 Admissions to First Choice Institutions. The meeting held at the Baze University, Abuja. He said that the meeting was an indication that the board was ready to attend to legitimate requests of its stakeholders and…

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