Senate said, yesterday, that President Muhammadu Buhari’s administration has no economic blueprint to pull Nigeria out of recession.
The country’s upper legislative chamber gave the verdict during reconsideration of Buhari’s Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), yesterday.
The lawmakers also added that the president’s economic team is in disarray.
The legislators described the MTEF/FSP as shallow and empty and warned that if the documents are passed, as presented, they would have created room for the executive to present a […]
According to reports, the Central Bank of Nigeria (CBN) has denied claims that it was planning to confiscate funds in domiciliary accounts of individuals, saying the claim was “false”.
The CBN also said yesterday that it does not have any plan to amend the nation’s Foreign-Exchange Act to sanction anyone found hoarding foreign currencies, as earlier rumoured.
“To the best of my knowledge, the Central Bank of Nigeria (CBN) has not proposed any bill seeking to arrest and jail persons holding foreign […]
President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama’s efforts to encourage renewable energy and cut dependence on fossil fuels.
But analysts say Trump’s policies could serve to worsen the global energy glut, which would reduce prices while doing little to revive the fortunes of “Big Coal.”
Trump has made no secret of his support for fossil fuels. His policy advisors include top oil industry lobbyists, fracking king Harold Hamm, and […]
According to reports, the Nigeria Labour Congress (NLC) said it will not support the plan by the Federal Government to borrow more money from anywhere as the country obviously has enough burden to contend with.
The government plans to borrow $29.96billion externally.
The NLC at its National Executive Council (NEC) meeting at the weekend in Sokoto if the government vigorously pursues those in possession of the nation’s collective wealth, especially multinationals who have refused to remit funds meant for the country, it […]
It was gathered that the Indigenous People of Biafra (IPOB) has raised the alarm over an alleged plan by President Barack Obama of United States to deploy 500 units of Unmanned Aerial Vehicles (UAV) popularly called “Drones” with a view to using them to bomb and massacre Biafrans under the guise of stopping pipeline vandalism.
The group alleged that the deployment and bombings was supposed to have started about six months ago, but was put on hold because of the possible […]
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 […]
According to reports, the estranged wife of the son of former President Ibrahim Badamasi Babangida, Mr. Mohammed Badamasi Babangida, has petitioned President Mohammadu Buhari over attempted forceful abduction of two of her children by her ex-husband from their school in Abuja.
In a petition dated November 9, 2016 and signed by a former Attorney General of Nasarawa State, Mr. Innocent Lagi, Ms Yakolo Indimi, has alleged numerous acts of arbitrary abuse of power and privileges by Babangida, using The Nigerian Police, […]
President Muhammadu Buhari will inaugurate the National Economic Reconstruction and Growth plan in December, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.
Udoma, who disclosed this at a National Economic Retreat in Abuja on Thursday, stated that the plan is in furtherance of the Federal Government’s efforts to reposition the country towards sustainable growth.
The retreat was scheduled to start at 9am, but the opening remarks came at 10am.
According to the minister, the retreat is intended to […]
It was gathered that the Joint Admissions and Matriculation Board says it will adopt “pin vending” for the 2017 UTME test, advising intending candidates to get familiar with the new approach.
Dr. Fabian Benjamin, the board’s Head of Media and Information, told the News Agency of Nigeria on Wednesday in Lagos that JAMB would no longer use scratch cards.
Benjamin said: “Candidates, wishing to sit for the 2017 examination, should start getting themselves familiar with the newly adopted process of pin vending […]
Femi Falana, human rights activist and Senior Advocate of Nigeria (SAN), has called on the federal government to drop its plan to borrow $29.960 billion to execute key projects across the country.
The soft-spoken lawyer said the government would be putting the collective destiny of the younger generation in jeopardy should it go ahead with the controversial decision.
President Muhammadu Buhari recently asked the approval of the National Assembly to borrow the said loan from the World Bank.
Falana, while speaking at the […]