News

Wednesday, 10 October 2018 04:43

Buhari seeks NASS approval for another $2.78bn loan

President Muhammadu Buhari has requested a National Assembly resolution to raise $2.78 billion from the International Capital Market for part-funding of 2018 budget. Mr Buhari’s request came in a letter dated July 23, and read by President of Senate, Mr Bukola Saraki, at plenary on Tuesday. The president said the amount, approved in the 2018 Appropriation Act, would be used to finance deficits and key infrastructure projects in 2018 budget. The loan, according to him, will be raised from Eurobonds and other securities in the international capital market. In the same letter, Buhari also sought legislative nod for an external…

Wednesday, 10 October 2018 04:41

Nigeria’s economy performing poorly – IMF

Growth prospects in Africa are being held down by poor economic development in Nigeria, South Africa and Angola, the International Monetary Fund has said. The Breton Woods institution, which said this at the Annual General Meetings of IMF/World Bank currently going in Bali, Indonesia, also revised downwards growth prospects for Nigeria in 2018 from 2.1 per cent to 1.9 per cent. Speaking to journalists in Bali, Deputy Director, Research, IMF, Gian Maria Milesi-Ferretti, said the largest economies on the continent were holding down economic development in Africa as a result of poor growth rate. He stated, “Nigeria’s growth, 1.9 per…

Wednesday, 10 October 2018 04:39

Nigeria again ranked highest on inequality index

For the second time, Nigeria has been ranked the country with the highest inequality among its citizens by OXFAM. OXFAM, a global civil society body that fights against injustice, and its partners indicate that Nigeria’s social spending (on health, education and social protection) is shamefully low, which is reflected in very poor social outcomes for its citizens. “One in 10 children in Nigeria does not reach their fifth birthday, and more than 10 million children do not go to school. Sixty percent of these are girls,” the report said. The index, released yesterday at the Annual International Monetary Fund and…

Wednesday, 10 October 2018 04:38

Nigeria needs president who understands the economy —Obasanjo

Former President Olusegun Obasanjo said yesterday Nigeria needed a President who understands the economy. Obasanjo, who stated this at Foursquare Gospel Church’s annual public lecture in Lagos, quoted the words of his friend, Helmut Schmidt, a former chancellor of Germany, who said if the people in Africa have to make it, all their political leaders must have good grounding in the economy. Obasanjo, while commenting on a lecture delivered by Matthew Kukah, Bishop of the Catholic diocese of Sokoto, said even Jesus had a sound knowledge of the economy He noted that politics must be the most serious game created…

Wednesday, 10 October 2018 04:27

Teachers must get their reward on earth - TRCN boss

Funmi Olaitan, Ibadan Registrar, Teachers Registration Council of Nigeria (TRCN), Mr Olusegun Ajiboye, has called for better treatment of teachers in the country, saying Nigerian teachers must enjoy their rewards on earth and not in heaven. Ajiboye who said an hungry teacher cannot teach or impart any knowledge to pupils, tasked state governors owing teachers to make them happy by paying them and attending to their welfare and see how well teachers will be committed to their duties. The TRCN boss while speaking on Tuesday, noted that while no country can develop beyond the level of its education, no education…

Tuesday, 09 October 2018 05:30

Minimum wage: Stalemate as FG insists on N25,000

Negotiations by Tripartite Committee on a new National Minimum Wage have run into a stalemate, following the Federal Government’s stance that it cannot afford more than N25,000 per month. But Labour and Organised Private Sector, OPS, have agreed on a N30,000 minimum wage per month. This is even as President of Nigeria Labour Congress, NLC, Mr Ayuba Wabba, told newsmen in Abuja, yesterday, that the Tripartite Committee had completed its assignment for onward submission to President Muhammadu Buhari. According to sources familiar with the matter, when the tripartite committee resumed sitting last Thursday, the Federal Government shocked other social partners…

Tuesday, 09 October 2018 05:29

Water scarcity cause of farmer-herder crisis - Tinubu

All Progressives Congress chieftain, Mr Bola Tinubu, has asked the government to immediately convert unused land to grazing routes as this will curb incessant clashes between farmers and herdsmen. Tinubu said this in Abuja on Monday at a national summit on conflict resolution. The event, organised by The Nation and TV Continental, was themed: ‘Towards an Enduring Peace.’ He said, “The government must help herders gradually shift from their traditional nomadic existence to a more static lifestyle. We have to face the reality that modernity is making the nomadic way counterproductive and inefficient. “Unoccupied, isolated land can quickly be turned…

Tuesday, 09 October 2018 05:27

CJN warns lawyers against delays, says Supreme Court has cases till 2021

Nigeria’s Chief Justice, Mr Walter Onnoghen, has warned lawyers not to engage in actions that cause delay in cases at Supreme Court. The warning is aimed at ensuring the speedy resolution of cases at Supreme Court, the official said. According to the directive, lawyers and others involved in resolution of pending cases must ensure that hearing dates are strictly adhered to and unnecessary adjournments avoided. Onnoghen’s instruction followed his disclosure that cases currently pending at the apex court may take till 2021 to be resolved, due to enormity of matters still before the court. He made the disclosure through a…

Tuesday, 09 October 2018 05:26

UI produced 232,225 graduates since inception – VC

Nigeria’s first university has produced 232,225 graduates since inception 70 years ago, an official has said. Mr Idowu Olayinka, Vice Chancellor University of Ibadan said on Sunday that many of the alumni of the institution hold or have held high profile positions in various segments of the economy, both locally and internationally. “As at the end of last session, we had a total of 35,084 students, comprising 14,354 undergraduates, 9,287 distance learning and 11,443 post graduate students,” he said. The professor highlighted that as part of the plans of the university to commemorate its 70th year anniversary, some respected individuals…

Tuesday, 09 October 2018 05:24

NGO to deworm 800,000 pupils in Oyo

Funmi Olaitan, Ibadan A non governmental organization (NGO), Evidence Action, is to embark on mass deworming of school age children in 13 local government areas of Oyo State. Programme Manager of the organization, Mr. Joseph Kumbur, made the disclosure on Monday, in Ibadan, the state capital, during an interactive section with members of social mobilization committee, which include religious leaders, community leaders and media practitioners. He said the project tagged, "Deworming Campaign", which will commence on October 23, 2018, will target over 800,000 children between the ages of five and 14 in the local government areas. According to him, the…

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Tuesday, 09 October 2018 05:21

Sultan directs Muslims to watch out for new moon

Sultan of Sokoto, Mr Sa’ad Abubakar, has directed Muslims in the country to watch out for the new lunar month of Safar 1440 A.H. from Tuesday. Abubakar gave the directive in a statement by Mr Sambo Junaidu, chairman of Advisory Committee on Religious Affairs, Sultanate Council, Sokoto on Monday in Sokoto. He said: “This is to inform Muslim Ummah that Tuesday Oct. 9, equivalent to 29th day of Muharram 1440A.H. shall be the day to look for the new moon of Safar 1440AH. “Muslims are therefore requested to start looking for the new moon and report its sighting to the…

Monday, 08 October 2018 06:04

UTME: JAMB offers 200,000 first choice admissions

Joint Admissions and Matriculation Board (JAMB), says about 200,000 candidates have been offered admission by the board, for the 2018/2019 academic session. Head, Media and Information of JAMB, Mr Fabian Benjamin, who disclosed this on Sunday in Lagos, said that the admission took effect after the board’s policy meeting in June in Gbogan, Osun State. According to him, the exercise is done through the Central Admission Process (CAP), an automated process to eliminate all human interference. “We have so far offered not less than 200,000 first choice admissions to candidates. “To this effect therefore, we are urging candidates to go…

Monday, 08 October 2018 06:02

Controversy trails dress code for female students at UI

Female student residents in a hall at University of Ibadan must accept a ‘decent’ dress code, the university management has warned. Queen Elizabeth II Hall is a residential hostel for female undergraduate students of the university, Nigeria’s first. It is located inside the school’s main campus and houses only female students across all levels. After allegations of indecent dressing against some female students resident in the hostel, the management issued a notice. The notice reads, “It has come to the notice of Management that some Queenites dress indecently. This is to reiterate that the hall and University Management are against…

Saturday, 06 October 2018 05:21

PDP Protest: Police summon Saraki, Ben-Bruce, Melaiye

Police said on Friday that they deployed a “minimum force” in resisting an alleged attempt to break into Force Headquarters by Senate President Bukola Saraki and a host of other lawmakers and politicians who took part in a rally to demand immediate declaration of Ademola Adeleke as winner of the controversial governorship election in Osun State last month. Mr Saraki led other lawmakers, including Mr Dino Melaye and Mr Ben Murray-Bruce, in a procession through some parts of Abuja to condemn how Independent National Electoral Commission carried out the September 22 gubernatorial election. Governor Aminu Tambuwal also participated in the…

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