• We realised $20bn investments in 12 months – Minister reveals

    We realised $20bn investments in 12 months – Minister reveals

    Industry, Trade and Investment Minister, Dr Okechukwu Enelamah has revealed that over $20 billion investments streamed into the Nigerian economy since the current Federal Executive Council was constituted about 12 months ago.

    Speaking with select journalists in Abuja on Friday, the minister said the investments were to address the infrastructure gap in the country.

    “Yes, people seem surprised about how big investment inflows are, because they have come in large chunks, but let me tell you that we have gotten well over […]

  • 18-year-old bags 12 months for stealing N5,000 phone

    18-year-old bags 12 months for stealing N5,000 phone

    An Oredo Magistrates’ Court in Benin, Edo State on Wednesday sentenced a teenager, Shegun Olamide, to 12 months imprisonment with hard labour for stealing a N5,000 cell phone.

    The Magistrate, P.E Foy-Yamah, sentenced Olamide, 18, after he pleaded guilty to a charge of theft and begged the court for mercy.

    The Prosecutor, Inspector Ada Johnbull, told the court that the accused committed the offence on October 21 at about 4pm in Benin City.

    Johnbull said the accused stole the N5,000 handset from one […]

  • Nigeria to end rice import in 12 months, Ogbeh assures

    Nigeria to end rice import in 12 months, Ogbeh assures

    It was gathered that the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has assured that the current foreign exchange pressure on the country would come to an end before the end of 2017 when the Federal Government investments in agriculture and other productive ventures begin to yield fruits.

    Ogbeh, who spoke at assessment tour of Coscharis Rice Farm in Anaku, in the Ayemelum Local Government of Anambra state, said Nigeria spends over $3billion on food import annually, stressing that […]