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Sunday, 01 January 2017 04:55

Don’t lose hope on economy, Ajimobi urges Nigerians

Oyo State Governor, Senator Abiola Ajimobi, has called for a renewed hope from the country’s citizens on the ability of the All Progressives Congress-led Federal Government to salvage the country from the pervading economic challenges. The governor made the call in his New Year message issued by his Special Adviser on Communication and Strategy, Mr. Yomi Layinka, in Ibadan, on Saturday. Although the governor said he was not unmindful of the telling effect of the recession on the populace, he, however, said they should continue to trust in the FG’s ability to put the economy back on track judging by…

Sunday, 01 January 2017 04:53

Fulani cattle breeders list conditions for peace in Southern Kaduna

Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) believes that peace can only return to Southern part of Kaduna State only if both parties involved in the killings forgive each other and stop reprisal attacks. Addressing a press conference at the weekend in Kaduna, Assistant National Secretary of the association, Dr. Ibrhahim Abdullahi called on he people of the area forget about what has happened in the past and move on. “We call on the entire people of southern Kaduna to forgive what has happened. Both parties should learn to forgive. “This crisis will never end if you think you…

Saturday, 31 December 2016 07:22

Buhari removes Magu as EFCC boss

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, may have finally been removed from office. A source close to The Guardian said his redeployment back to Nigerian Police Force (NPF) was to pave way for a fresh person to be presented by President Muhammadu Buhari as the nominee to head the anti-graft agency before the Senate. The Guardian gathered to make the situation look like a routine exercise, some senior Police officers would be re-deployed by the Police hierarchy to resume as conventional Police officers. It was equally reliably gathered yesterday that the Attorney General of…

Saturday, 31 December 2016 03:08

Nigerians who achieved great feats in 2016: Here is what they did right

A few patriots represent the silver lining for Nigeria, a country whose outgoing year has been one of tears and blood induced by economic hardship. Their impressive contributions on the global scale send chills to the world powers as they bequeath glory to their fatherland. LANRE ODUKOYA takes a cursory look at some of those who hoisted Nigeria’s flag abroad. Kah-Lo (Singer) Faridah Demola Seriki (a.k.a. Kah- Lo), a rising international artiste and daughter of former Minister of Defence and Chieftain of the All Progressives Congress (APC) in Lagos State, Chief Demola Seriki was nominated for the prestigious Grammy Awards.…

Saturday, 31 December 2016 03:07

Buhari: I’ll resist Naira devaluation, fuel price hike

President Muhammadu Buhari has restated his resolve to oppose the devaluation of the naira and increase in fuel price. According to TheCable, the president stated his resolve in Abuja on Friday night at the 2016 regimental dinner organised by the presidential brigade of guards. The annual event is organised to mark the end of drilling year of the commission – and it is also an opportunity for officers to “mingle” with their commanders.‎ Buhari said that his stance against the devaluation of the naira and fuel price increase precipitated his overthrow as military head of state in 1985. “I have…

Saturday, 31 December 2016 03:06

N-POWER: FG begins payment of N30,000 stipends

The Federal Government has commenced the payment of the N30,000 monthly stipends for beneficiaries of the N-Power scheme -the job creation programme of the Buhari presidency. The N-Power programme is designed to engage the teeming and massive numbers of unemployed Nigerian graduates from tertiary institutions across the country. Senior Special Assistant, Media and Publicity, Office of the Vice President, Mr Laolu Akande, disclosed this in an interview on Friday, stating that “all successfully verified beneficiaries who have provided bank accounts are being processed for payment.’’ According to the presidential media aide, “some beneficiaries will receive their first stipends today -December…

Saturday, 31 December 2016 03:04

Analysis: How wrong policies threw economy into recession

It is a tale of hunger, anguish, mass job losses, low purchasing power, factory closures and bankruptcy as Nigeria battles with its arguably worst ever recession. OYETUNJI ABIOYE examines major economic policy timelines and reports that the gruelling recession was avoidable Mr. Shola Adekunle was living a good life until June this year when he lost his job in the banking sector. Life became unbelievably difficult for him as the economic recession made efforts to create something for himself pending when another job opportunity comes fail like a bowl of water poured on the back of a duck. Adekunle is…

Saturday, 31 December 2016 03:03

Buhari, Saraki meet in Aso Rock

President Muhammadu Buhari and Senate President Bukola Saraki met at the Presidential Villa, Abuja yesterday. The meeting, which was termed private, held at the President’s office. Speaking with State House correspondents after the jumaat prayer, Saraki said the economy of the country will mainly engage the attention of the legislature in 2017. He said: “As we have started in 2016, in 2017, our attention will be on the economy because that is really a major issue for us as a country. “We want to see some of the economic bills put forward passed to see that there is greater improvement…

Friday, 30 December 2016 17:17

Many feared dead as Nigerian troops, Boko Haram battle in Borno

At least 15 Boko Haram fighters were killed in Borno on Friday as Nigerian troops of Operation Lafiya Dole and Boko Haram terrorists engaged in prolonged fierce battle in Borno State. Military insiders told PREMIUM TIMES the battle ensued at 6 a.m this morning and did not end until after 9 a.m. Our sources said the battle began when fighters of the terror group launched a surprise attack on troops location in Rann, in northern Borno, shooting sporadically. Troops from 3 Battalion and 112 Task Force Battalion are stationed in the area, our sources said. The soldiers responded promptly, killing…

Friday, 30 December 2016 03:19

Shekau, Boko Haram leader, denies Sambisa forest defeat

A man purporting to be the leader of Nigerian Islamist militant group Boko Haram, Abubakar Shekau, denied the jihadist group has been pushed out of its stronghold in the Sambisa forest, but the army said the base had been captured. President Muhammadu Buhari on Saturday said Boko Haram's last enclave in the forest, a former game reserve in northeastern Nigeria, had been captured in the "final crushing" of the group. Reuters has been unable to independently verify that the area was captured. "We are safe. We have not been flushed out of anywhere," the man identifying himself as Shekau said…

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Friday, 30 December 2016 03:17

Customs DG Hammed Ali blasts SSS boss Lawal Daura; accuses him of unprofessionalism

Heads of two key federal agencies who are also close allies of President Muhammadu Buhari have been sparring over allegations and counter allegations of unprofessionalism and illegality. The disagreement by the two officials appear to confirm insinuations of division among some leading lights of the Buhari administration. The turf war stems from a letter written by the Director-General of the State Security Service (SSS), Lawal Daura, to Mr. Buhari on September 8. In the letter, the security chief accused the Nigerian Customs Service, (NCS), of introducing a $25,000 as new Temporary Import Permit (TIP), levy on each vessel that berths…

Friday, 30 December 2016 03:16

Seized rice not plastic but unfit for consumption, says NAFDAC

The imported rice seized by the Customs and labelled as plastic rice is not plastic after all. But it is unfit for human consumption. The report of the laboratory test conducted on the rice by the National Agency for Food and Drugs Administration Control (NAFDAC), ruled it out as not plastic but unfit for eating. There was panic early this month when Customs officials intercepted a consignment of “imported plastic rice” meant for sale during the Yuletide. Minister of Health Prof. Isaac Adewole debunked the report after preliminary tests revealed otherwise. The final result announced yesterday by NAFDAC said the…

Friday, 30 December 2016 03:14

Naira note scarcity looms as CBN stops printing small denominations

Central Bank of Nigeria (CBN) has not printed the small naira denominations for about a year, causing the scarcity of the notes in the economy. Sources at the CBN said for a year now, the apex bank did not award contract for the printing of the notes such as N5, N10, N20 and N50 usually done abroad. It said it gathered that the recently printed notes in circulation – N200, N500 and N1,000 – were produced by the Nigeria Security Printing and Minting plc (NSPM). The Nigerian Printing and Minting Company (NSPMC) produces currency notes and coins for the CBN…

Friday, 30 December 2016 03:13

Lawyer: 3 death row inmates secretly executed

Three convicted criminals on death row for about two decades have been secretly executed in the first hangings in Nigeria since 2013, human rights lawyers and a fellow inmate said Thursday. The executions breach a seven-year moratorium on the death penalty in this West African country. The hangings went ahead despite outstanding appeals, making them "unlawful killings," Chino Obiagwu of the Legal Defense and Assistance Project told The Associated Press. Debate about the death penalty has revived recently in Nigeria, with some calling for people convicted of gross corruption to get a death sentence. Obiagwu said the three inmates were…

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