• Zakzaky may get bail Dec 1

    Zakzaky may get bail Dec 1

    A Federal High Court in Abuja has fixed December 1 for ruling on the bail application by leader of the Islamic Movement of Nigeria (IMN), Ibrahim Zakzaky.

    Justice Gabriel Kolawole yesterday rescheduled the judgement after the settlement which he advised the parties to explore, failed.

    Zakzaky was arrested following a confrontation between the group and soldiers, which resulted in the death of scores and destruction of properties on December 12 and 14, 2015.

    Zakzaky is demanding an order of court directing his immediate […]

  • Jonathan may contest 2019 elections – Dele Momodu

    Jonathan may contest 2019 elections – Dele Momodu

    Former President, Goodluck Jonathan, may seek reelection in Nigeria’s 2019 presidential election, the publisher of Ovation Magazine, Mr. Dele Momodu, has said.

    Jonathan, who ruled Africa’s most populous nation from 2011 to 2015, lost his bid for reelection in last year’s presidential polls to President Muhammadu Buhari of the All Progressive Congress.

    Since leaving office Jonathan’s profile internationally has risen, and Mr. Momodu says the Peoples Democratic Party chieftain may stage a comeback bid in 2019.

    In an article titled, “The second coming […]

  • Supreme Court May Summon Malami Over Property Dispute

    Supreme Court May Summon Malami Over Property Dispute

    Sokoto Prince and former Nigeria’s Ambassador to South Africa, Alhaji Shehu Malami, may have to appear in person before the Supreme Court to clear the air on a controversy surrounding his legal representation and the elder statesman’s bid to withdraw from a pending appeal at the apex court concerning a two-wing duplex property built on Plot 1809 Asokoro, Abuja by a Nigerian-American businessman, Mr Imokhuede Ohikhuare.

    Ambassador Malami’s personal appearance at the Supreme Court could become inevitable at the next hearing […]

  • Trump’s victory: Nigeria may record fall in Diaspora remittances – Analyst

    Trump’s victory: Nigeria may record fall in Diaspora remittances – Analyst

    An Economic Analyst, Mr Ugochukwu Agu, has said there will be less foreign remittances from Nigerians living in the United States, following the victory of Republican Donald Trump in the U.S. elections.

    Agu said this in an interview in Abuja on Wednesday when reacting to the election of U.S. President-elect, Donald Trump.

    He said that if this happened, it would have a lot of direct and indirect impact on the Nigerian economy.

    The News Agency of Nigeria (NAN) reported that 21 billion dollars […]

  • Economic recession may linger for the next 20 years – Jimoh Ibrahim

    Economic recession may linger for the next 20 years – Jimoh Ibrahim

    The Chairman/ CEO of Global Fleet Group, Jimoh Ibrahim, has said that the current economic recession may continue for the next 20 years in Nigeria.

    The business expert believes the backdrop would continue if the captains of the economic team fail to re-evaluate Nigeria’s economic policies.

    He said this while delivering a lecture at the Obafemi Awolowo University (OAU), legal week in Ile Ife, Osun state.

    The Legal Week which was themed: “The Nigerian Economy: Roles of the Worshipers In The Temple Of […]

  • Smuggling: FG may close Seme border

    Smuggling: FG may close Seme border

    Nigeria may close its borders with Benin Republic to stem smuggling of rice and other consumables as well as the illegal importation of weapons into the country.

    Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who expressed government’s displeasure over the porosity of the Seme border, said, it has rubbished efforts of the present administration in diversifying the economy, especially, through agriculture. He warned that government may be forced to take very drastic measures.

    Speaking in Abuja when the Senate Committee […]

  • Naira pressure may push Sept inflation to 18.4% – FSDH

    Naira pressure may push Sept inflation to 18.4% – FSDH

    According to reports, the continued pressure on the value of the naira could result in September inflation hitting 18.14 per cent from the 17.61 per cent recorded in August, analysts at First Security Discount House (FSDH) have predicted.

    The experts, in a note, said: “We expect the September 2016 inflation rate (year-on-year) to increase further to 18.14 per cent from 17.61 per cent recorded in the month of August 2016. Most of the divisions, which contribute to the headline inflation are […]

  • FG may file fresh charges against Saraki, Ekweremadu

    FG may file fresh charges against Saraki, Ekweremadu

    Indications emerged, yesterday, that the Federal government may be planning to slam fresh forgery charges against Senate president, Bukola Saraki and his deputy, Ike Ekweremadu.

    Although some key officials in the Ministry of Justice refused to confirm the development, another source said there is a possibility of filing another charge against them. The source, who declined to be named, based on what he said “the sensitive nature of the case” said “things would be clearer in the next few days.

    “Remember, government […]

  • Breaking!!! UK’s EU exit to begin March – May

    Breaking!!! UK’s EU exit to begin March – May

    Theresa May will formally begin the Brexit process by the end of March 2017, she has told the BBC.

    The prime minister confirmed the deadline for triggering Article 50 of the Lisbon Treaty, which sets in place a two-year process of withdrawal.

    She has also promised a “Great Repeal Bill” in the next Queen’s Speech, which will overturn the act that took the UK into the EU.

    It will remove the European Communities Act 1972 from the statute book.

    The government will also enshrine […]

  • I hope NFF pay me while I’m alive, FIFA may still ban Nigeria, says Oliseh

    I hope NFF pay me while I’m alive, FIFA may still ban Nigeria, says Oliseh

    Former Super Eagles coach, Sunday Oliseh, has revealed that he is still being owed by the Nigeria Football Federation (NFF).

    Oliseh and his assistant, Jean Francois Loscuito, resigned from their roles in February this year.

    The NFF are reportedly owing former Eagles bosses, the late Stephen Keshi and Amodu Shuaibu. And Oliseh has said he hopes they pay him before he dies.

    “Hope the NFF will pay coach Losciuto and myself the huge amounts they still owe us without litigation whilst we are […]

  • Brexit may affect $25bn UK investment target in Nigeria – Report

    Brexit may affect $25bn UK investment target in Nigeria – Report

    Britain’s exit from European Union (EU) will have negative consequences on Nigeria’s economy as it may affect 25-billion-dollar UK investment target in the country by 2020, a report by EXX AFRICA says.

    EXX Africa in its report analysed the impact of an eventual Britain’s exit (Brexit) from the EU on three of UK’s most important African markets namely Nigeria, South Africa and Kenya.

    It explained that the Brexit also threatened over 1.4 billion-dollar UK investment in Nigeria and the UK-Nigerian 21-billion-dollar annual […]