News

Monday, 01 April 2019 05:50

Nigeria ranks 6th most miserable country in the world

The recently published report by Steve Hanke, an economist from John Hopkins University in Baltimore, United state, listed Nigeria, Venezuela, Iran, Brazil, others among the first ten (10) most miserable countries in the world. According to the report Venezuela was listed as the most miserable country in the world. According to Hanke, “Venezuela holds the inglorious title of the most miserable country in the world in 2018, as it did in 2017, 2016, and 2015.” Argentina jumped to the No. 2 spot after yet another peso crisis. Since its founding, Argentina has been burdened with numerous economic crises. Most can…

Saturday, 30 March 2019 04:47

New Ministers to be appointed on merit, national spread - Buhari

President Muhammadu Buhari yesterday hinted on what to expect during his second term in respect of appointments and security. Buhari declared that he would focus on merit and national spread in making political appointments with a view to giving every part of the country a sense of belonging. He also vowed that government would ensure harmony among Nigerians. ‘‘In the area of allocation of political offices, our focus will be on merit and national spread such that every part of Nigeria will have a sense of belonging,” the President pledged while receiving a delegation of Christian Association of Nigeria (CAN)…

Saturday, 30 March 2019 04:38

Genco to supply electricity directly to Presidential Villa

Federal Executive Council (FEC) has approved that Aso Rock becomes an eligible customer so it can get direct electricity supply from Shiroro hydropower Generation Company (GenCo) within six months. A statement by Mr Hakeem Bello, spokesman for Minister of Power, Works and Housing, Mr Babatunde Fashola, said approvals were obtained after Fashola presented memos at the meetings. Eligible Customer Regulation issued by Nigerian Electricity Regulatory Commission (NERC) in 2017, permits electricity consumer to buy power directly from Generation Companies (GenCos). Aso Rock Villa, official residence of the President will benefit from this as FEC, last Wednesday, approved inclusion of the…

Saturday, 30 March 2019 04:37

UK faces new Brexit crisis after lawmakers reject May’s deal

British lawmakers on Friday rejected the government’s Brexit deal for a third time, leaving the U.K. facing the stark prospect of a chaotic departure from the European Union in just two weeks, with political leaders in turmoil and the country ill-prepared for the shock. It’s either that, or a long delay to the country’s exit from the EU. The alternatives are dwindling. The House of Commons voted 344-286 against the withdrawal agreement struck between Prime Minister Theresa May and the EU, rebuffing her plea to “put aside self and party” and deliver the Brexit that Britons voted for. Amid business…

Thursday, 28 March 2019 05:12

Dogara tackles Buhari on Nigeria’s budget

Speaker of House of Representatives, Mr Yakubu Dogara, has lashed out at President Muhammadu Buhari over 2019 and previous budget estimates and procedure. Dogara in his opening remarks at a public hearing on 2019 budget said the budgets over the years have only reflected the selfish wish of its drafters. He said the budgets have repeatedly excluded national values and interests. He also criticised the late submission of budgets to National Assembly by the Executive. “Over the years, the main problem with our budget as submitted by the Executive is that it does not reflect national values and priorities. The…

Thursday, 28 March 2019 05:10

FAAC: Federal, states, LGAs share N619.85bn

Federal Account Allocation Committee (FAAC) on Wednesday disclosed that the three arms of government shared N619.857 as March revenue from funds generated in February. Speaking at the event, Account-General of the Federation, Mr Idris Ahmed, represented by Director of Funds, Mr Mohammed Usman disclosed that gross statutory revenue received was N478.434 billion. The sum is lower than the N505.246 billion received the previous month by N26.812 billion. He added that federation crude oil export sales increased by about 46% resulting in increased federation revenue from $425.00 million previously to $574.95 million. “Shut-in and Shut-down persisted while some terminals remained closed…

Thursday, 28 March 2019 05:07

Power outage to continue as Gencos say no incentive to increase generation

As households and businesses continue to lament the nation’s electricity woes, power generation companies in the country have said there is no incentive for them to increase output from their plants. Gencos said their total generation capacity rose to 7,383.04 megawatts in 2018 from 4,214.32MW in 2013, when the power sector was privatised by Federal Government. Total power generation, which plunged to 2,938.5MW last Wednesday, rose to 4,305.5MW as of 6am on Monday, according to data from Nigeria Electricity System Operator, an arm of Transmission Company of Nigeria. The system operator put the installed generation capacity at 12,910.40MW; available capacity…

Thursday, 28 March 2019 05:06

FG, ASUU resume negotiations on 2009 agreement

Federal Government and Academic Staff Union of Universities (ASUU) on Wednesday resumed talks on the 2009 agreement. Mr Wale Babalakin, Chairman, Federal Government Re-negotiation team, while briefing journalists in Abuja, after a meeting that lasted six hours said he was hopeful the meeting would yield positive results. Babalakin said there are lots of issues on the table. He said ASUU team presented more than 20 issues to be looked into. He said both sides were determined to put an end to the lingering problems in the system. “We are hopeful that we are on a positive path to finalising the…

Thursday, 28 March 2019 05:03

Half of Nigerian adults plan to leave country – Report

Almost half of Nigerian adults have indicated their willingness to leave the country in the next five years, a survey conducted by US- based research firm, Pew Research Center, has revealed. In the report tagged, “Many Nigerians, Tunisians and Kenyans say they plan to leave their countries in the next five years”, published on Fact Tank webpage on Wednesday, the research firm stated that the survey was conducted in 2018 across 12 countries. The report noted that in some African nations, more people planned to migrate than in other countries, while some who planned to migrate said they have being…

Wednesday, 27 March 2019 04:43

Nigeria loses 350,999 hectares of land to desertification annually - NiMet

Nigeria loses about 350,999 hectares of land to drought and desertification every year, Nigerian Meteorological Agency announced on Tuesday. According to NiMet, many parts of the country experience dry spell/drought periodically. The agency listed the areas as Sokoto, Kebbi, Katsina, Jigawa, Borno and Yobe states. Director-General, NiMet, Mr Sani Mashi, disclosed this at a stakeholders’ workshop on climate and weather information services in Nigeria organised by the agency in conjunction with African Science for Weather Information and Forecasting Techniques in Abuja. Mashi, represented at the workshop by Director of Finance and Accounts, NiMet, Mr Gabriel Jigah, explained that symptoms of…

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Wednesday, 27 March 2019 04:42

Algeria army urges removal of President Bouteflika

Algeria's army chief of staff has demanded President Abdelaziz Bouteflika be declared unfit to rule after weeks of protests against him. Speaking on television, Lt Gen Ahmed Gaed Salah said: "We must find a way out of this crisis immediately, within the constitutional framework." The president has already agreed not to stand for a fifth term in upcoming elections, which have been delayed. Demonstrators accuse the 82-year-old of a ploy to prolong his 20-year rule. Talks have been set up to oversee the country's political transition, draft a new constitution and set the date for elections. But they do not…

Monday, 25 March 2019 04:03

FG plots fresh charges against Onnoghen

There were indications Sunday night that federal government had taken fresh steps to ensure that suspended Chief Justice of Nigeria, Mr Walter Onnoghen, does not return to his seat but finds a place in one of the country’s prisons to spend time. It was learnt that the government had taken the new initiative to press new criminal charges against the embattled CJN irrespective of his clearance or otherwise by Code of Conduct Tribunal, currently trying him for non-declaration of assets. The new plan is to drag him to a Federal High Court with wider jurisdiction than CCT and fresh criminal…

Monday, 25 March 2019 04:00

Trump didn’t coordinate with Russia in 2016, report declares

Special counsel Robert Mueller did not find evidence that President Donald Trump’s campaign “conspired or coordinated” with Russia to influence the 2016 presidential election but reached no conclusion on whether Trump obstructed justice, Attorney General William Barr declared Sunday. That brought a hearty claim of vindication from Trump but set the stage for new rounds of political and legal fighting. Trump cheered the outcome but also laid bare his resentment after two years of investigations that have shadowed his administration. “It’s a shame that our country has had to go through this. To be honest, it’s a shame that your…

Saturday, 23 March 2019 04:05

Trump's Golan Heights announcement met with a shrug in the Arab world

When Mike Pompeo landed in Beirut from Tel Aviv on Friday morning, barely a handful of demonstrators took to the streets to protest the US Secretary of State's visit. The night before, US President Donald Trump declared US recognition of Israel's sovereignty over the Israeli-occupied Golan Heights, captured from Syria in the 1967 Six-Day War, and later annexed. Pompeo praised the announcement as "historic" and "bold," agreeing in an interview with the Christian Broadcast Network that the US President might have been sent by God to protect Israel. Yet, in Beirut -- which classifies Israel as an "enemy state" and…

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