The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need to prepare for turbulence in financial markets. The Washington-based lender also said countries such as Nigeria should consider extending their debt maturities as a means to contain foreign exchange fluctuations. In a blogpost titled ‘A…
AFTER a brief period of a clean bill of health, a fresh incidence of over 300 cases of the Circulating Vaccine Derived Poliovirus Type 2, also known as the CVDPV2, in many states of the federation and the Federal Capital Territory, should not be treated with levity. At the last count, the virus is now…
The General Superintendent of the Deeper Christian Life Ministry, Pastor Williams Kumuyi, has advised Nigerians to deliberately search for people with foresight, intelligence and experience that can turn the country’s fortune around. Kumuyi, who arrived in Ibadan, the Oyo State capital, on Wednesday for a crusade tagged “Total freedom through faith in Christ” starting on…
The President, Major General Muhammadu Buhari (retd.), will visit Zamfara State on Thursday (today). The state governor, Bello Matawalle, disclosed during an emergency meeting with all political appointees at the Government House’s Council Chamber on Tuesday evening. According to the governor, the main purpose of the President’s visit is to commiserate with his administration over…
A fake lawyer arrested in Zamfara State, Chukwuka Jude, has been sentenced to one year imprisonment by the Chief Magistrate Court One in Gusau, the state capital. The Chief Magistrate, Sa’adu Gurbin-Bore, said having admitted committing the crime, the defendant was convicted accordingly. “Impersonation and cheating are punishable offences under Section 179 and 324 of…
• Marketers raise diesel price to N355 – N360 The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria to over N282 per litre. The further rise in the landing cost of petrol means increased subsidy as the pump price of the product remains steady…
Nigeria’s bid to bolster its local crude refining capacity through the construction of modular refineries has run into a hitch due to a number of factors, including funding challenges and rising cases of sabotage attacks on pipelines and oil theft, according to officials familiar with the projects. State-run Nigerian Content Development and Monitoring Board and…
The Senate Committee on Local Content, on Wednesday, grilled the management of the Nigerian Content Development and Monitoring Board over an alleged breach of local content laws in the execution of the $10bn Train 7 gas project being executed by SAIPEM. SAIPEM is an Italian multinational oil field services company serving as the principal contractor…
The Lagos State Government has tasked the newly appointed members of the state Christian Pilgrims Welfare Board to work together in order to fulfil their assignments. The Commissioner for Home Affairs, Mr Anofiu Elegushi, made this call on Wednesday in his address to the governing members of the LSCPWB in Alausa, Ikeja. “Your appointment is…
The Oshoja ruling house in Ikeja, Lagos, has appealed to Governor Babajide Sanwo-Olu to intervene in the kingship crisis in the community. A statement by the head of the ruling house, Mr Issa Akinlabi, appealed to Sanwo-Olu to declare Mr Wasiu Owolabi as the next king of Ikeja. It added that kingmakers had accepted to…
