• Crisis hits Abia APGA, chairman suspended

    Crisis hits Abia APGA, chairman suspended

    Crisis has hit the leadership of Abia State chapter of the All Progressives Grand Alliance (APGA) with the State Working Committee (SWC) suspending the party’s state chairman, Rev Austin Ehiemere.

    The party anchored its reason on gross misconduct and violation of the party rules.

    The party’s secretary, Sunday Onukwubiri, who announced the suspension in Umuahia, said Ehiemere was alleged to be working against the directives of the national chairman of the party.

    According to Onukwubiri, the national chairman of the party had directed […]

  • Recession hits National Assembly, broke, borrows to pay workers

    Recession hits National Assembly, broke, borrows to pay workers

    Cash-strapped National Assembly has resorted to bank facilities to pay its staff their monthly salaries and allowances. But the facilities do not include the controversial running cost paid to lawmakers, as well as the salaries and allowances for their aides.

    About N4.5 billion is spent on the running cost of lawmakers in the two houses of the National Assembly. The sum of N13.5 million is paid to each senator while a member of the House of Representatives gets a little above […]

  • World Bank intervention in Nigeria’s agriculture hits $1.5bn

    World Bank intervention in Nigeria’s agriculture hits $1.5bn

    According to reports, the World Bank says the worth of its running projects in the Agriculture sector in Nigeria is 1.5 billion dollars.

    The Senior Chief Agric. Economist of the organisation, Dr Adetunji Oredipe, made this known to newsmen at a live Video Conference to celebrate “End Poverty Day.’’

    He said that in Africa, the bank’s strategy to ending extreme poverty and boosting prosperity was through investment in agriculture.

    He said that the bank dedicated 10 per cent of its total portfolio in […]

  • Air Force hits Boko Haram targets in Sambisa

    Air Force hits Boko Haram targets in Sambisa

    Alpha and F-17Ni jets of the Nigerian Air Force (NAF) in a surprise night attack on Monday hit several targets and camps of the Boko Haram in Goni Kurmi inside Sambisa General Area.

    The bombing was part of Operation Forest Storm which was to eliminate retreating elements of Boko Haram fighters.

    The NAF released a video of the operation which lasted for one minute and twenty-two seconds showing at least two F-7Ni jets and one Alpha jet in a series of maneuvers […]

  • Popular Nigerian Cartoonist Hits Buhari Hard… Hilarious!  (Photo)

    Popular Nigerian Cartoonist Hits Buhari Hard… Hilarious! (Photo)

    Mike Asukwo, the cartoonist, mocks President Muhammadu Buhari’s tactics to the Nigerian economy which is wallowing in recession with this ribs cracking cartoon.

    The hilarious meme above attempts to satirize President Muhammadu Buhari’s assumed lackluster approach to the Nigerian economy which is currently in coma as the masses he was elected to protect have been exposed to intense hardship.

    President Buhari has maintained a single Economic Adviser named Dr. Adeyemi Dipeolu in the face of the ravaging recession while he maintains a robust […]

  • NSE market capitalisation hits N127b

    NSE market capitalisation hits N127b

    Transactions on the Nigerian Stock Exchange on Tuesday closed on a bullish note, with market capitalisation appreciating by N127 billion or 1.33 per cent as some major stocks sustained price gains.

    The News Agency of Nigeria reports that the day’s trading closed at N9.69 trillion, rising from N9.56 trillion recorded on Monday.

    Also, the All-Share Index, which opened at 27, 839.93 points, improved by 370 points or 1.33 per cent to close at 28,209.93 points.

    Dangote Cement stock gained N6.79 per share to […]

  • MSMEs fund hits N220 billion – CBN

    MSMEs fund hits N220 billion – CBN

    According to reports, the Central Bank of Nigeria (CBN) at the weekend in Enugu disclosed that the Micro, Small and Medium Enterprises (MSMEs) fund has hit N220 billion.

    The bank which announced this at a three-day sensitisation fair it embarked upon to create awareness, said the apex bank was also in Enugu to explain its activities to the people, as well as acquaint them with the opportunities available in the bank.The CBN’s acting Director, Corporate Communications, Mr Isaac Okorafor, who stated […]

  • Why anti-graft war hits opposition – Lai Mohammed explains

    Why anti-graft war hits opposition – Lai Mohammed explains

    Minister for Information, Culture and Tourism, Alhaji Lai Mohammed, has said the Federal Government should not be castigated for its anti-corruption crusades against perceived members of the opposition group.

    He said the probe at present was about those linked with the alleged diverted funds meant for prosecuting wars against the insurgents.

    Mohammed, who spoke with journalists yesterday at his Oro residence in Irepodun Council of Kwara State, said the alleged embezzled huge sum put at about $2.1 billion did not only allow […]

  • NSRDA Issue Warning as Solar Eclipse Hits Nigeria Tomorrow…See Details

    NSRDA Issue Warning as Solar Eclipse Hits Nigeria Tomorrow…See Details

    Nigerians have been warned to be alert and not to panic as a solar eclipse will occur in some parts of the country on Thursday.

    National Space Research and Development Agency (NSRDA) has urged the public not to panic over the Annular Eclipse which will be experienced between the hours of 7:15am and 10:03am on Thursday, September 1 with slight variations in actual timing across the country.

    In a press statement by the Head of Media and Corporate Communications, Dr Felix Ale, […]