A map of Nigeria Oil revenue rises 8% to N1.5trn By Babajide Komolafe The fiscal spending of the Federal Government (FG) rose by six percent, year-on-year (YoY) to N1.46 trillion in the first quarter of the year (Q1’2020) from N1.13 trillion in the corresponding period of last year. The increase in deficit spending was in spite eight percent, YoY,  increase ...

Femi Gbajabiamila Femi Gbajabiamila, speaker of the House of Representatives, says the panel probing the Niger Delta Development Commission (NDDC) can re-invite Kemebradikumo Pondei, acting managing director of the agency, if there is the need to do so. Pondei was taken to a hospital after he fainted while he was being grilled by the committee probing the alleged mismanagement of N81.5 billion by the interim management committee (IMC) of ...

For the past 10 years, Guaranty Trust Bank plc has been at the forefront of the advocacy for people living with autism. The Bank’s Orange Ribbon Initiative has also become a major rallying point for driving awareness about Autism, campaigning against the social stigma associated with developmental disorders and helping people with autism live a full and productive life. This ...

ABUJA- FORMER leader of the Senate and Chairman, Senate Committee on Army, Senator Ali Ndume, All Progressives Congress, APC, Borno South said yesterday that he never called for the sack of Service Chiefs. According to him, there was no way he would have asked President Muhammadu Buhari to sack the Service Chiefs knowing full well that at the moment, the ...

Nigeria has started the export of 950,000 metric tones of the Liquefied Natural Gas (LNG), worth N354 billion to the global market. According to the Nigerian Port Authority, NPA’s shipping data; the product was exported through the use of 16 vessels to various ports around the world in the past few months. The data showed that Sines Port in Portugal ...

The Federal High Court, Abuja, on Tuesday, rejected the Peoples Democratic Party (PDP) National Headquarters’ suit challenging the powers of the Ogun chapter of the party to conduct party congresses in the state. Justice Ahmed Mohammed, while delivering his judgment, held that the court lacked jurisdiction to hear the case on merit. . Delivering judgment in the suit: FHC/ABJ/CS/208/2020, Justice ...

Niger Delta minister, Godswill Akpabio,has said that most of the contracts of the Niger Delta Development Commission (NDDC) are given out to members of the National Assembly,  Mr Akpabio said this during Monday’s investigative hearing held to probe the allegations of corruption in the NDDC. The revelation unsettled the hall briefly, but the deputy chairman of the committee, Thomas Ereyitomi, who headed ...

The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 12.5 percent. Godwin Emefiele, governor of the apex bank, announced the committee’s decision at the end of the committee’s meeting. Cash reserve ratio (CRR) was retained at 27.5%, liquidity ratio at 30% and asymmetric corridor around the ...

Pondei collpased The Acting Managing Director of the Niger Delta Development Commission (NNDC), Prof Kemebradikumo Pondei has collapsed at the ongoing probe by the House of Representatives. Pondei collapsed during the ongoing probe of the Commission by the House Committee on NDDC on Monday. The panel is investigating alleged N40 billion irregular expenditure in the commission. Pondei reportedly collapsed when ...

National Bureau of Statistics By John Ofikhenua, Abuja The National Bureau of Statistics (NBS ) has said Consumer Price Index (CPI) that measures inflation increased by 12.56 per cent in June 2020. According to its website report titled “CPI June Report 2020, “The consumer price index, (CPI) which measures inflation increased by 12.56 percent (year-on-year) in June 2020. This is ...