Ministry of agriculture seized truckload of poisonous ponmo at Ijegun

Ministry of agriculture seized truckload of poisonous ponmo at Ijegun

Reading Time: < 1 minute The Lagos state ministry of Agriculture confiscated a truck load of poisonous ponmo at Ijegun area of Lagos on Monday. The Permanent Secretary, Ministry of Agriculture, Dr Olayiwole Onasanya, who described the cowhide as  Ebola ponmo said the item was imported into the country by some ‘unscrupulous individuals’. Onasanya, in a statement with the Assistant Director, Public Affairs, Jide Lawal, noted that officials of the state government were informed about the matter after the police…

Read More

CBN lost over $75 million says CBN Governor

Reading Time: 2 minutes The Central Bank of Nigeria (CBN) says the minimum value of Nigerian banks have dropped from $250 million, at an exchange rate of N100 to $1, during the recapitalization from N2 billion to N25 billion in 2005 to today’s rate of N305 to $1. Speaking at a strategy meeting for his next run of five years as Nigeria’s central bank governor, Godwin Emefiele claimed that Nigerian banks had lost $3.5 billion, making another revaluation of…

Read More

Finance Guru:Tony Elumelu ,calls for an overhaul of accounting and finance curiculum in Nigerian Universities

Finance Guru:Tony Elumelu ,calls for an overhaul of accounting and finance curiculum in Nigerian Universities

Reading Time: 2 minutes Eletu suliyat The Chairman, United Bank for Africa (UBA) and Heirs Holdings, Mr Tony Elumelu, has called for a total overhaul of the academic curriculum of Accounting and Finance Degrees in the country if graduates of the course are to be able to meet the requirements for jobs in the modern finance sector. He made this during his Lecture at the Faculty of Management Sciences Annual Guest Lecture, which held at the Aderemi Makanjuola Lecture…

Read More

Buhari asks CBN to blacklist any firm still importing palm oil

Buhari asks CBN to blacklist any firm still importing palm oil

Reading Time: 2 minutes President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping palm oil into the country. The presidential directive was disclosed by CBN Governor, Mr Godwin Emefiele, at a meeting with oil palm producers on Friday, in Abuja. Emefiele warned that henceforth, those caught smuggling palm oil into the country would be blacklisted from all banking businesses and would also be blocked from…

Read More

2019 Budget: Dogara describes Buhari as a master in blaming others for his failures

2019 Budget: Dogara describes Buhari as a master in blaming others for his failures

Reading Time: 4 minutes Speaker of the House of Representatives, Yakubu Dogara, has described President Muhammadu Buhari, as a master in blaming everybody but himself for his apparent failures. The speaker made detailed references to prove his point in a statement he made available to newsmen on Tuesday. He was reacting to a claim by Buhari on Monday in an interview broadcast on the Nigerian Television Authority (NTA), where the President blamed the National Assembly for the late passage…

Read More

2019 Budget: Buhari alleges N578bn padding, says adjustment will affect his tenure

2019 Budget: Buhari alleges N578bn padding, says adjustment will affect his tenure

Reading Time: < 1 minute The President, Muhammadu Buhari has complained that adjustment of the budget by the National Assembly may affect its smooth implementation. He also said the legislature made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion. He said the injection of about N90 billion to the N8.83 trillion he submitted to the legislature would make it difficult for the…

Read More

Analysis: Will 2019 budget be hard to implement?

Analysis: Will 2019 budget be hard to implement?

Reading Time: 3 minutes Following the 2019 budget signed into law by Buhari, one needs to determine if the budget is feasible or not. In order to achieve this, we must critically examine the process in which the budget was rectified by our legislators. You will recall that the President, who appeared to have assented grudgingly, observed that the lawmakers reduced some of the proposals he presented and increased others adding that they also introduced fresh allocations. According to…

Read More

Buhari to sign an N8.91 Trillion 2019 budget today

Buhari to sign an N8.91 Trillion 2019 budget today

Reading Time: < 1 minute President Muhammadu Buhari will today, May 27th, sign the 2019 budget which was put at N8.91 trillion. According to official information released by the Ministry of Budget and National Planning, the signing of the budget will take place at the Presidential Villa by 10 am while the public presentation of budget details will be done on Tuesday, May 28. The details of the budget to be signed by the president are the capital expenditure of…

Read More

UPDATED: Court remands Naira Marley, adjourns case to May 30

UPDATED: Court remands Naira Marley, adjourns case to May 30

Reading Time: < 1 minute Abideen Muhammed The Economic and Financial Crimes Commission, EFCC has on Monday, May 20 arraigned the popular musician, Azeez Fashola (a.k.a Naira Marley) at the Federal High Court in Lagos for alleged internet fraud (Yahoo Yahoo). He was charged with 11 counts of violating the Cyber Crimes Act of 2015 before Justice Nicholas Oweibo. However, Naira Marley pleaded not guilty. Justice Oweibo ordered that he be remanded in prison custody until his bail application is…

Read More

King of Jordan assures Nigeria more support to end terrorism

King of Jordan assures Nigeria more support to end terrorism

Reading Time: 2 minutes Rizqoh Murtadho King Abdullah II of Jordan,pledged at the World Economic forum on mid east and north Africa on the 6th of April,2019, to give Nigeria more support to end terrorism. President Muhammadu Buhari on Saturday extended appreciation to King Abdullah II bin Al-Hussein of Jordan for the continuous support Nigeria received from the country to fight terrorism, saying the investment in Nigeria’s peace and security will always be remembered. President Buhari, who met with…

Read More

Nigeria is considering building a new deep-seaport in Badagry-Hadiza Bala-Usman

Nigeria is considering building a new deep-seaport in Badagry-Hadiza Bala-Usman

Reading Time: 2 minutes Rizqoh Murtadho The Nigerian Ports Authority managing director, Hadiza Bala-Usman,said, Nigeria is building a new deep-seaport and considering two additional facilities,one at Lekki free zone,and another at Badagry near border. In an interview with Bloomberg on the 5th of April 2019,Hadiza disclosed  that Nigeria is building a new deep-seaport and considering two additional facilities to ease congestion at Apapa seaports, which currently handle about 80 per cent of all shipping traffic in the country. A…

Read More

Restriction of farming activities on LASU Campus to 6:00pm

Restriction of farming activities  on LASU Campus  to 6:00pm

Reading Time: < 1 minute Eletu suliyat Lagos State University management has duly informed the farmers on campus on the habit of intimidating and harassing students particularly the female ones, when leaving the campus in the evening. The development is quite unpleasant and unacceptable because the security of lives and properties of students is paramount to the Management and under no circumstances can this nefarious act be tolerated. “Owing to the above, the University Management has directed that with effect…

Read More

FAAN Directs Owners Of Abandoned Aircraft To Remove Them From Lagos Airport

FAAN Directs Owners Of Abandoned Aircraft To Remove Them From Lagos Airport

Reading Time: 2 minutes “At our cargo apron, the capacity is meant to take four aircraft at least two wide-bodied aircraft and two smaller aircraft at the same time. Once in a while we have more than capacity; once this place is filled up, we take the cargo flights to the international airport and that is additional cost to the cargo airline as they need to deploy and truck their goods from international to cargo. Owners of abandoned aircraft…

Read More

11th Bola Tinubu Colloquium: APC leader warns FG against increasing VAT

11th Bola Tinubu Colloquium: APC leader warns FG against increasing VAT

Reading Time: 2 minutes The National Leader of the All Progressive Congress (APC), Asiwaju Bola Ahmed has warned the Federal Government against implementing the proposed increase in Value-Added Tax (VAT) but should consider all steps towards increasing the number of people paying tax (Tax Net). This advice was given by the National Leader during the 11th Bola Tinubu Colloquium which is to celebrate his 67th birthday in Abuja. Tinubu told the Buhari government to discard ‘Container Economics’ and move towards…

Read More

Jubilation as FG reduces business registration fee

Reading Time: < 1 minute The cost for the registration of business names in Nigeria has been reduced from N10,000 to N5,000. This was announced by the Corporate Affairs Commission on Wednesday, March 6. According to CAC, the reduced cost of business name registration will end on Sunday, March 31. It was posted in her twitter handle. The Corporate Affairs Commission (CAC) has announced a reduction in the cost of business names’ registration. The commission on Wednesday, March 6, said…

Read More

NNPC sets to build additional independent power plants

NNPC sets to build additional independent power plants

Reading Time: < 1 minute The national oil company also said it will also build a fertilizer plant in Brass, Bayelsa state. The Nigerian National Petroleum Corporation (NNPC) is set to build additional Independent Power Plants (IPP) in Abuja, Kaduna and Kano which are expected to add 4,000 megawatts of power to stabilise the national grid. According to Leadership, the NNPC also disclosed that it would construct a fertilizer plant in Brass, Bayelsa state. The newspaper adds that the chief…

Read More

This is why EFCC arrested Atiku’s lawyer

This is why EFCC arrested Atiku’s lawyer

Reading Time: < 1 minute The Economic and Financial Crimes Commission has arrested Uyiekpen Giwa-Osagie, a lawyer for the Peoples Democratic Party presidential candidate, Atiku Abubakar. Giwa-Osagie was picked up by the EFCC operatives on Monday night for allegedly laundering $2m. He was reportedly implicated by a bureau de change operator who identified him as the owner of the money. Giwa-Osagie, it was gathered, had been undergoing interrogation in the custody of the anti-graft commission. Our correspondent learnt the commission’s…

Read More

PDP rejects Buhari’s order to ‘shoot at sight’

Reading Time: 2 minutes   The Peoples Democratic Party (PDP) has described the order given to the military and the policy by President Muhammadu Buhari to be ‘ruthless’ against anyone that tries to truncate the electoral process as a licence to kill order. Buhari had said at the All Progressives Congress’ (APC) national caucus meeting Monday in Abuja that: “I really gave the military and police order to be ruthless… Anybody who thinks he has enough influence in his…

Read More

Nigeria loses $1.5bn as a result of poll postponement by INEC – LCCI

Nigeria loses $1.5bn as a result of poll postponement by INEC – LCCI

Reading Time: 2 minutes Abideen Muhammed The postponement of the 2019 general elections is said to have caused the nation’s economy about $1.5bn loss. Nigerian Tribune reports that the disclosure was made by the director general of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf. OJOMEDIALINE recalls that the Independent National Electoral Commission (INEC) due to logistics postponed the Presidential election initially scheduled for February 16, 2019 and others. Yusuf said: “The postponement of the elections has…

Read More

When Nigeria is healthy, vibrant and strong, the whole of Africa is strengthened -Commonwealth secretary-general

When Nigeria is healthy, vibrant and strong, the whole of Africa is strengthened -Commonwealth secretary-general

Reading Time: 2 minutes Rizqoh Murtadho Commonwealth Secretary-General, Patricia Scotland, said on Wednesday that the strength of Africa depended on a “healthy” Nigeria. She said this was the reason the organisation was elated over the decision of candidates taking part in this year’s general elections to sign a peace accord to guarantee a peaceful and fair contest. Scotland met with President Muhammadu Buhari at the Presidential Villa soon after she witnessed the signing of the peace accord by Buhari,…

Read More
1 2