• Buhari unveils economic recovery plan in December

    Buhari unveils economic recovery plan in December

    Following two days of brainstorming in Abuja, various teams drawn from the public and private sector have concluded work on various aspects of a new and comprehensive economic blueprint for Nigeria.

    Minister of Budget and National Planning, Senator Udo Udoma whose ministry organized the retreat stated that contrary to critics’ misleading opinion that the federal government lacks an economic programme, President Muhammadu Buhari had laid out one in his 2016 Budget speech.

    According to the minister, the president’s economic vision, the Strategic […]

  • National Assembly proposes July to December for budget preparation

    National Assembly proposes July to December for budget preparation

    It was gathered that the National Assembly has proposed 15 key reform strategies that feature the adoption of a budget calendar, which will begin with the submission of the Medium Term Expenditure Framework (MTEF) by the second week in July. The timetable would end with the President signing the Appropriation Bill into law by the third week of December every year.

    A statement by Saraki’s Media Office said that the measures contained in a report submitted to Senate President Bukola Saraki […]

  • Court to hear Patience Jonathan’s suit against EFCC in December

    Court to hear Patience Jonathan’s suit against EFCC in December

    A Federal High Court in Lagos on Wednesday fixed Dec. 7 to hear a suit by ex-First Lady, Mrs. Patience Jonathan, against the Economic and Financial Crime Commission, seeking to unfreeze her account.

    Other respondents in the suit are Skye Bank and a former Special Assistant to ex-President Goodluck Jonathan, Waripama-Owei Dudafa.

    Also joined in the suit are Pluto Property and Investment company Ltd, Seagate Property Development and Investment Company Ltd, Transocean Property and Investment Company Ltd and Globus Integrarted Service Ltd.

    The […]

  • We will banish some Governors, Senators from Igboland by December – Ohaneze warns

    We will banish some Governors, Senators from Igboland by December – Ohaneze warns

    The youth arm of the Igbo Socio-political group, Ohaneze Ndigbo, the Ohaneze Youth Council, OYC, has threatened to banish some Igbo politicians and leaders over failure to improve the lives of people of South East region.

    Chairman of OYC, Alex Okemiri, in a statement declared that the youths would team up with Movement for the Actualization of Sovereign State of Biafra, MASSOB, to punish Igbo politicians who have not done anything to improve the lives of people of the region.

    It noted […]

  • Emir of Kano’s daughter Princess Siddika set to wed in December

    Emir of Kano’s daughter Princess Siddika set to wed in December

    Princess Fulani Siddika Sanusi, daughter of Emir of Kano and his first wife, Sadiya Bayero (Giwarsarkinkano) will be getting married in December.

    Her sister Yusra Khadija Sanusi shared photo of the University of Brighton Law graduate on Instagram and wrote:

    “Can’t believe in about two months, you’d be someone ‘s wife and have new siblings 😫😫😫😫. And I have to share you with more than 10 other siblings. And you ‘ll start lying to each of your 20 (or more) siblings that […]

  • Ibori to regain freedom in December

    Ibori to regain freedom in December

    According to reports, the former governor of Delta State, James Onanefe Ibori, will become a free man in December, after spending half of his jail term in prisons in the United Kingdom.

    Ibori was jailed for money laundering offences by Southwark Crown court in 2012.

    But it was not clear whether he will immediately return home because of a legal proceedings concerning the confiscation of his assets worth tens of millions of dollars, were unresolved.

    They were supposed to have been resolved years […]

  • Nigeria will come out of recession before December – CBN Governor, Emefiele assures

    Nigeria will come out of recession before December – CBN Governor, Emefiele assures

    Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed optimisms that Nigeria will come out of the current economy recession the fourth quarter of this year.

    His said this could be only possible when the result of the various measures put in place by the Federal Government and the monetary authorities become manifest.

    According to him, one of such result is the decision of the CBN to establish a bridge fund for the government to utilise to stimulate the […]

  • Bag of rice may sell for N40,000 by December – Lokpobiri

    Bag of rice may sell for N40,000 by December – Lokpobiri

    According to reports, the Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that Nigeria spends about $22bn a year on importation of food.

    Lokpobiri made this known on Saturday at a town hall meeting in Yenagoa, Bayelsa State.

    He said the development had led to the astronomical rise in price of rice and other commodities, stressing that if Nigerians failed to produce some of the items being imported, before December the price of rice would skyrocket to […]

  • Dangote’s tomato factory to resume production in December

    Dangote’s tomato factory to resume production in December

    Seven months after halting production, Dangote Tomato Processing Factory, located in Kadawa Village in Kura Local Government Area of Kano State, is to resume production in December.

    The Managing Director of the company, Alhaji Abdulkadir Kaita, who made the disclosure in Kano on Tuesday, explained that it halted production, principally due to the lack of raw materials to process.

    Already, he said that the company had commenced preparations for the resumption of production.

    “Our target is to resume production in December because at […]