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The Federal Government has expressed its readiness to partner with Crown Flour Mills to expand the capacity for wheat production in the country.
An renowned economist, Dr Paul Alaje, has frowned at a situation whereby Nigeria spends up to 60% of its revenue on debt servicing, describing the development as disturbing and worrisome.
The House of Representatives has commenced investigation into the huge recurrent expenditure incurred by National Agency for Food and Drug Administration and Control, including the payment of N1.2 billion allowances to members of the National Youth Service Corps.
The International lounge of the Asaba International Airport hosted prominent Deltans, top Government functionaries and investors Tuesday as the Airport was concessioned to a master concessionaire (FIDC-Menzies Consortium, now incorporated as Asaba Airport Company Limited) and sub-concessionaires of technical partners with a designated area of investment for 30 years by the State Government after five years of rigorous and painstaking exercise.
The alarming rate of insecurity in Nigeria needs to be tackled not from the point of weakness on the part of government and security agencies but decisive actions against criminal elements causing havoc in the country.
The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, Saturday, urged mining companies to prioritize the welfare of host communities for smooth operations.
The Nigeria Electricity Regulatory Commission, NERC, says a total of 611,231 meters were deployed across the country as of January 31 under the Meter Assets Provider (MAP) initiative of the federal government.
Salesforce.com on Thursday forecast full-year profit that was below market expectations, sending the shares of the online software company down 3.9% in extended trading.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, Thursday said a supplementary budget would be presented to the National Assembly for COVID-19 vaccines and vaccination of frontline workers.
A judge of an Upper Area Court in Abuja, Gambo Garba, on Thursday issued a criminal summons against Shell Petroleum Development Company (SPDC) of Nigeria and seven of its top executives over alleged stealing of 16 million barrels of crude oil through the use of a fraudulent and unapproved metering system.
The total borrowing of the country as of 31 December is 21.6 per cent of the GDP. So, if we were not looking at adding the other category of loans that I mentioned, we don’t even need to increase that at this time As of 2019, the debt to GDP ratio was 19.2 per cent so only two per cent was added.
The federal government has described as a welcome development, the rising price of crude oil in the global market, saying, “this is a good omen for Nigeria”.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, who made this known during a press briefing at the State House, Abuja justified the need for government to continue to borrow to provide basic infrastructural facilities, saying: “If we say we will not borrow and therefore not build rails and major infrastructure until our revenue rises enough, then, we will regress as a country, we will be left behind, we won’t be able to improve our business environment and our economy will not grow.”
An oil and gas E&P company with a focus on Nigeria and West Africa, Lekoil, yesterday maintained that a letter written by Optimum Petroleum Development Company, operator of the Oil Prospecting Licence (OPL) 310, proposing to terminate the Cost and Revenue Sharing Agreement (CRSA) executed for the facility, remains invalid.
The Senate has approved the sum of N11,352,457,101.70 as year 2020 budget for the Nigeria Police Trust Fund (NPTF), the implementation of which will lapse by April 30, 2021.
The Nasarawa State House of Assembly Committee on Capital Market, Commerce and Industry has advised the Traders and Marketing Association, Keffi branch, and the Concessionaire of Keffi Modern Market to withdraw all pending court cases against themselves in their interest and for the overall development of the state.
Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.
The office of the Auditor-General for the Federation (AuGF) has expressed concerns over irregularities and weaknesses in financial regulations across ministries, departments and agencies (MDAs) of government, especially in the disbursement and utilisation of public funds.
Former Governor of Bauchi State, Mallam Isa Yuguda, has alleged that the Fulani people particularly herdsmen, have been subjected to unfair treatment.
The President of the African Development Bank Group, Dr Akinwumi Adesina, has lamented that the Nigerian system is not federalism but “fatherism”.
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.
Ole Gunnar Solskjaer believes Manchester United are being negatively influenced by opposition managers referring to their penalty record after being denied a spot-kick in a 0-0 draw at Chelsea on Sunday.
Governor Bello Matawalle of Zamfara State has said that the abducted students of Government Science Secondary School, Jangebe, will be released very soon.
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has once again knocked the President of Nigeria, Muhammadu Buhari, over the unsecured state of the country.
Following the gale of abductions of school children in the Northern part of the country, the National Association of Nigerian Student (NANS), has advised the federal government to list bandits perpetrating such horrendous crime as terrorists.
The University of Lagos says its current non-physical Post Unified Tertiary Matriculation Examination (PUTME) has achieved 95 per cent success as against reports in some quarters that it was unreliable and inefficient.
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can only be comic, if not also idiotic and otiose.
Emmanuel Nwude, a businessman, who was convicted of defrauding a Brazilian bank of $242 million, has denied knowing the source of the funds while testifying on Thursday before an Ikeja Special Offences Court in Lagos State.
The Kano State Government said it has initiated a process to enact forestry law to check indiscriminate felling of trees and protect the environment.
RB Leipzig boss Julian Nagelsmann has emerged as the likely candidate to replace Jose Mourinho, should Tottenham’s current slump continue.