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Thursday, 30 January 2020 05:17

EU parliament bids UK farewell with song after final approval to Brexit deal

European Parliament on Wednesday gave its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday. The chamber broke into singing Auld Lang Syne, a traditional Scottish song to bid farewell, after voting 621 for versus 49 against the Brexit deal, with 13 abstentions. Compiled by Olalekan Adeleye Reuters

Wednesday, 29 January 2020 05:53

N’Assembly speaks as one, says insecurity worsening in Nigeria

The two chambers of National Assembly on their resumption from a five-week recess on Tuesday reviewed the state of the nation and declared that insecurity in the country had reached an alarming level. House of Representatives lamented killings, kidnapping, banditry and insurgency across the country and said something must be done urgently to arrest the situation. On their part, Peoples Democratic members in the House assessed insecurity in the country, particularly killings in Plateau State, and concluded that Federal Government was complacent. Senate expressed concern that insecurity in the country had deteriorated. It promised to pursue the community policing policy…

Wednesday, 29 January 2020 05:52

Surge in insecurity across Nigeria baffles me – Buhari

President Muhammadu Buhari on Tuesday expressed surprise at the current surge in insecurity across the country. Mr Buhari spoke at the State House, Abuja, while receiving a delegation of eminent and respected citizens of Niger state led by Governor Abubakar Sani Bello. The President said “harder times” await bandits whose disruptive activities have brought sorrow to Nigerians, kept many away from their means of livelihood, and heightened insecurity in parts of the country. He said activities of the bandits had forced many to abandon their farms and homes, stressing that “we will now be harder on them.” “I was taken…

Wednesday, 29 January 2020 05:51

FG’s fiscal deficit hit N4.62tn in 2019 - CBN

Federal Government recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period, figures obtained from Central Bank of Nigeria have revealed. 2019 budget, signed by President Muhammadu Buhari, had capital expenditure of N2.09tn, recurrent expenditure of N4.05tn, statutory transfers of N502bn, and special intervention of N500bn. The budget also had debt service of N2.25tn. Out of this figure, N1.7tn was approved for domestic debts, while N433bn was provided for foreign debts. Similarly, N110bn was approved for sinking fund to retire maturing debt obligations to fund the budget, the Federal Government had planned to generate N7tn as…

Wednesday, 29 January 2020 05:48

FG appeals court judgment reducing expatriate fees

Federal government has appealed the ruling of Federal High Court in Lagos on the collection and remittance of the Combined Expatriate and Residence Permit Aliens Card (CERPAC) fees. The appeal was filed by Ministry of Interior and Nigerian Immigration Service (NIS). The court presided by Mr Rilwanu Aikawa in his ruling in November 2019, nullified the review by Interior Ministry, nearly one year after it increased CERPAC fee. Aikawa also declared as unconstitutional the contract between the ministry and Continental Transfert Technique Ltd, or Contec, for the collection of the CERPAC fee. The judge ruled that only NIS is lawfully…

Wednesday, 29 January 2020 05:47

Ondo senator involved in auto crash recovers, resumes at NASS

Ondo indigenes in Diaspora, especially those from Ondo South Senatorial District of the State, have been called upon not to forget their root, but support their Senator, Mr Nicholas Tofowomo, in his determination to ensure development and improved life for the people of the district back home. The call was made by Special adviser to the Senator on Diaspora and International Relations, Mr Segun Erinle, while expressing joy at the return of Nicholas to National Assembly on Tuesday, after an auto crash. The Special adviser who urged Ondo indigenes across the world to be ready to support their root said…

Wednesday, 29 January 2020 05:46

Trump’s peace plan applauded by Israel, denounced by Palestinians

U.S. President Donald Trump on Tuesday proposed creating a Palestinian state as part of a Middle East peace plan, drawing Palestinian condemnation for imposing strict conditions and agreeing to let Israel maintain control of long-contested West Bank settlements. Trump announced his plan for Israeli-Palestinian peace at a White House event with embattled Israeli Prime Minister Benjamin Netanyahu standing at his side. It includes what Trump called a four-year freeze by Israel on new settlement activity. Although Trump’s stated aim was to end decades of conflict, the plan he advanced favoured Israel, underscored by the absence of Palestinians from Trump’s announcement.…

Tuesday, 28 January 2020 06:08

FG records N1.14tr deficit in three months

Fiscal operations of the Federal Government in the fourth quarter of 2019, showed an estimated deficit of N1.14 trillion, compared with the proportionate quarterly budget deficit of N479.62 billion. The government had estimated an expenditure profile of N2.59 trillion for the fourth quarter of 2019, but expended N2.07 trillion, representing a 20.1 percent shortfall and 14.1 percent compared with the level in the preceding quarter. But the provisional data from Q4 Economic Report by Central Bank of Nigeria (CBN) revealed that while the Federal Government spent N2.07 trillion in the period under review, its earnings amounted to N938.72 billion. The…

Tuesday, 28 January 2020 06:07

Constitution, Electoral Act amendment tops agenda as N’Assembly resumes today

National Assembly will on Tuesday (today) resume plenary after five weeks recess to celebrate Christmas and New Year. Some critical bills are waiting for consideration and passage as the federal lawmakers resume. The lawmakers, who embarked on the holiday on December 20, 2019, had suspended work on some of the bills while consideration of others was scheduled to begin this year. The tasks ahead of the House include review of 1999 Constitution, which involve bills by members seeking to amend various parts of the law. The House will also resume work on the Electoral Act Amendment Bill and the Petroleum…

Monday, 27 January 2020 06:11

$9.6bn judgment: P&ID claims victory of latest ruling in London

Process and Industrial Development, the beneficiary of an award of $.96bn handed down against Nigeria by a London arbitration tribunal in January 2017, has laid claim to another victory at the ongoing enforcement proceedings before the English Commercial Court in London. The British Virgin Island firm in an e-mail sent to our correspondent on Sunday gave a brief account of the proceedings of the English Commercial Court which held on Friday. The firm had on August 16, 2019, obtained a judgment of the English court permitting it to commence the enforcement of the $9.6bn arbitral award. Alleging fraud in the…

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Monday, 27 January 2020 06:09

My relationship with Osinbajo perfect - Buhari

President Muhammadu Buhari says his relationship with Vice President Yemi Osinbajo is perfect. He said this in an interview with The Interview magazine published online yesterday. Asked to rate his relationship with Osinbajo on a scale of one to 10, Buhari responded: “Perfect. Or has he complained to you?” The president slammed former Defence Minister Theophilus Danjuma, over his recent comment on the state of the nation. Mr Danjuma had, at a recent book launch in Ibadan, said if he revealed what he knew about happenings in the country, Nigerians would no longer sleep. But Mr Buhari said Danjuma’s opinion…

Monday, 27 January 2020 06:08

We’re far from touching many Nigerians’ lives - Osinbajo

Vice President Yemi Osinbajo says despite all the social safety net schemes of the present administration, the government is still very far from “touching the majority of those who need our help, we still need more resources.” Speaking Saturday night in Lagos during the premiere of Season 5 ‘Airtel Touching Lives’ a philanthropic programme sponsored by Airtel Nigeria, Osinbajo said: “Because we can’t do it all, that is why socially conscious organisations like Airtel is so vital in bridging the huge gap between what government can do and what is left to be done.” The vice president commended Airtel Nigeria…

Monday, 27 January 2020 06:06

Kobe Bryant, daughter killed in copter crash, 7 others dead

NBA legend Kobe Bryant, his daughter and seven others were killed Sunday when their helicopter plunged into a steep hillside in dense morning fog in Southern California, his sudden death at age 41 touching off an outpouring of grief for a star whose celebrity transcended basketball. The chopper went down in Calabasas, about 30 miles (48 kilometers) northwest of downtown Los Angeles. Authorities said nine people were aboard and presumed dead. Bryant, an all-time basketball great who spent his entire 20-year career with the Los Angeles Lakers, was among the victims, a person familiar with the situation told The Associated…

Sunday, 26 January 2020 06:18

Coronavirus: FG mounts 24-hour nationwide surveillance

Following the recent outbreak of coronavirus, a deadly virus, in no fewer than 12 countries, resulting in the death of 54 persons, with about 1,287 others infected, federal government has commenced a 24-hour vigilance to check the import of the killer virus, believed to have originated from China. As part of initiatives to prevent spread of the virus to Nigeria, the government has ordered the screening of persons and goods from China, even as it enjoined Nigerians not to panic, because it has instructed Nigeria Centre for Disease Control (NCDC) to get the laboratories ready in the event that anyone…

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