Nigeria plans to continue to engage with international investors as it explores fundraising options, Finance Minister Kemi Adeosun said on Thursday after a non-deal roadshow in London earlier this week. The one-day event, which took place on Tuesday, was attended by 65 representatives of European and global fund managers, said Adeosun adding that the event was aimed at updating existing bond holders on the government’s economic strategy. Adeosun was joined by officials from the Debt Management Office and central bank.
Author: David Folami
The Minister of Power, Works and Housing, Babatunde Fashola has said that the Goodluck Jonathan led administration owes road contractors billions of Naira. Speaking at the inaugural edition of the “Buharimeter” town hall meeting in Abuja, Fashola said road contractors, who executed federal government’s road projects over the past three years were not paid for their job. In his words, “As far as my ministry is concerned, I think the best way to understand where we are is where we came from.” Continuing, he said, ‘If you look at the budget of the country from 2007, a country that was…
The FCT Minister, Malam Muhammad Musa Bello said this on Thursday, June 9, 2016 during the defence of the 2016 FCT Statutory budget before the Senate Committee on FCT at the National Assembly Complex, Abuja. The minister revealed that out of the N241,467,231,031 proposed, a total sum of N149,056,610,051 which represents 61.73 percent goes to capital expenditure. Malam Bello revealed that the personnel cost gets N52, 371,352,360 which also represents 21.69 percent of the total expenditure. According to him, the overhead is the least with N40, 039,268,620 out of the N241, 467,231,031 which is 16.58 percent. While stating that 2016…
The Chairman of the Presidential Advisory Committee against Corruption, Professor Itse Sagay has said that former Peoples Democratic Party (PDP) spokesman, Olisa Metuh can’t escape justice by simply returning the sum of N400 million which he allegedly laundered. According to Sagay, Metuh is already facing a criminal case due to the charges so he must be punished if found guilty. “So, the point I want to make is that once a case has been taken to court, there can be no negotiation of return of money without punishment. That is impossible and can never happen because if that happens, then…
Parents of children in state primary and secondary schools in Ekiti have appealed to the state Governor, Mr Ayo Fayose, to pay the outstanding salaries of teachers in the state. In interviews with the News Agency of Nigeria (NAN) in Ado-Ekiti on Friday, the parents expressed frustration over the indefinite strike embarked upon by the teachers. A parent, Mr Ajibulu Joshua, said the strike embarked upon by the teachers had caused setbacks for his children as they no longer read their books. Another parent and civil servant, Mrs Foluke Babajide, urged the state government to listen to the plea of…
Last night, new photos of Don Jazzy and Jay Z flooded social media. The duo met at Jay Z’s Roc Nation headquarters in New York reportedly to discuss a possible management deal between Roc Nation and Mavin’s Tiwa Savage. While we await official announcements from both camps, we can’t help but flash back to July 2011 when Don Jazzy first met with Jay Z. Back then, Don Jazzy was confirmed as a producer on Jay Z and Kanye West’s collaborative studio album titled Watch The Throne as an aftermath of the Kanye West G.O.O.D Music deal with D’banj. Don Jazzy…
Nollywood actress, Fathia Balogun has gone bald again for a new movie titled Shola Arikusa. This is coming 15 years after she went bald for her own production Makomi which was a hit movie . Speaking on why she decided to go bald again, the 47-year-old actress said, ‘When I was approached by the director that my role will require me to scrap off my hair totally, I did not think about it twice before I agreed to playing the role since it’s what I have done before. I’m a trained actor who can interpret roles and that is I…
Nigerian music sensation, D’banj is marking his 36th birthday in style as he shoots visuals for a new single, ‘Super Star’. The DB Records founder who released ‘Emergency’ and ‘Breaking News’ to warm receptions is set to release another single to continue his resurgence on the charts.Nigerian music sensation, D’banj is marking his 36th birthday in style as he shoots visuals for a new single, ‘Super Star’. The DB Records founder who released ‘Emergency’ and ‘Breaking News’ to warm receptions is set to release another single to continue his resurgence on the charts. Bangalee was styled by Swanky Jerry and…
Charles Oputa, popularly known as “Charly Boy” has just shared lovely new photos of his mother. The eccentric star took to Instagram today, June 9, 2016 to share several shots of his ‘funky’ 95-year-old mother. “My 95yr old funky Mum,” he captioned a photo. The duo can be seen smiling cheekily for the camera. Recently, Charly Boy opened up on the circumstances relating to his new personality, especially as it relates to his encounter with Jesus. In a chat with Encomium Magazine, Charly Boy expressed that his experience with Jesus was the “freakiest moment of his life, stating that God…
American singer and song writer, Madonna, has finally gotten an opportunity to meet with United States President, Barack Obama. Madonna made a post on her Instagram on Wednesday, June 8, 2016, showing her in a picture with Obama. She wrote, “For Once I ‘m Speechless………..President Obama @jimmyfallon”. In another post, she wrote, “A meeting of the Leo’s! 濾. A Cosmic Convergence!! .2 ❤️#rebelhearts @jimmyfallon”. This was not too long after her Us Weekly “25 Things You Don’t Know About Me” interview, where she mentioned that Obama is one of the people she will like to meet. “The person I…
The wake keep for Nollywood actress and wife of actor, Jide Kosoko, Henrietta Kosoko held yesterday, June 9, 2016 at LTV 8, Agidingbi, Ikeja. Present at the solemn service was Toyin Aimakhu, Mercy Aigbe, Yomi Fash-lanso, Foluke Daramola, Desmond Elliot, Adeniyi Johnson and others. “Rest in peace mama Henrietta Kosoko. We love u,” actress Toyin Aimakhu paid tribute to the actress. Henrietta Kosoko died at a hospital in Abeokuta, Ogun state on Monday, June 6, 2016, after a prolonged battle with Diabetes. She will forever be remembered as a mother to many actors. The late actress will be laid to…
Justin Bieber isn’t going to get better is he? I mean he is a wonderful singer and artiste but outside the studio the Canadian singer is a mess. The 22-year-old global pop star has been acting crazy for some years now but the young man has really gone off the rail this year. On Wednesday, June 8, 2010 Justin Bieber got involved in a brawl with a man who was clearly bigger than him. The fight took place outside Bieber’s hotel at 11pm. There was a video that shows Justin Bieber taking punches at the big man in front of…
‘Golibe’ crooner, Flavour N’abania has just landed a sweet new deal! The father of two was unveiled yesterday, Thursday, June 9, 2016 as the new brand ambassador of Life Beer made by Nigerian Breweries. The Leading musician and highlife exponent, expressed his excitement as brand ambassador saying: “For me, joining the Life Continental beer team feels like I have found my way back home. The brand has always been a symbol of the Igbo heritage. If you go anywhere and you hear Life Continental Beer, at once, the Igbo man and his entrepreneurial spirit comes to mind. I’m very proud…
News reports have revealed that Miley Cyrus and her boyfriend Liam Hemsworth may walk down the aisle in Australia this summer. According to Us Weekly, a source said the couple are getting married on the beach and their parents are strongly behind all the wedding plans. ‘The’re getting married on the beach,’ a source told US Weekly, adding that the smitten duo ‘will have help planning the event. Their parents are doing most of the work. It’s been easy.’ Rumor has it that the couple had already tied the knot sometime in February, 2016 because after their split in September,…
Popular Nollywood actress Foluke Daramola on Thursday, June 9, 2016 revealed that fans should stop criticising celebrities who repeat outfits. According to her, there is no fashion law that forbids outfit to be shown off in public more than once. She said, “I recycle my outfits once in a while; especially the ones I am comfortable with. “I like the outfits that I wear, so I don’t mind repeating them once in a while. In fact, I have a pair of sandals that I particularly like; they match with most things. And, why not? Why should celebrities not be able…
England and Manchester United captain Wayne Rooney is no longer the player he once was, according to Russia manager Leonid Slutsky. Manchester United striker Rooney, 30, is preparing for England’s game against Russia in Marseille on Saturday, which is both sides’ opening match in group B. United’s new manager Jose Mourinho had claimed in the build-up to the match that Rooney, whose place in the national team has been under scrutiny, is England’s best player. However Slutsky, who also manages CSKA Moscow, compared Rooney’s evolution to Vagner Love, who was prolific for the Russian club but is now at Monaco.…
Bayern Munich have confirmed that Manchester City boss Pep Guardiola is not contractually prohibited from signing players from his old club. Bayern’s confirmation comes after Bayern Munich winger Douglas Costa was quoted by Brazilian television network Globo Esporte as saying the opposite, earlier this week. He said of his former coach Pep Guardiola: “It is something he has in the contract, a clause that he can’t take anyone from Bayern.” Sources at City, however, indicated to Press Association Sport that is not the case and City are free to do business with Bayern Munich in the future. Speaking at a…
Manchester United are lining up a move for Juventus striker Alvaro Morata, a source close to the Premier League club has told ESPN FC. Morata’s future has been the subject of intense speculation with the Spain international expected to leave Juve as Real Madrid look to activate their £23 million buy-back clause. However, Madrid are ready to sell on Morata for a hefty profit once they bring him back to the club, with several Premier League sides showing an interest in the 23-year-old. Arsenal and Chelsea are reportedly keen on Morata as they look to add to their attacking options…
Zlatan Ibrahimovic’s potential move to Manchester United looks to be on hold for the time being after Sweden coach Erik Hamren stressed it “would not be OK” for the striker to fly to England to finalise a transfer. Ibrahimovic is currently with the Sweden squad in France preparing for their Euro 2016 opener against Republic of Ireland on Monday. The 34-year-old, who is out of contract at Paris Saint-Germain this summer, has been heavily linked with United. A source told ESPN FC last week that the Red Devils were in advanced talks with Ibrahimovic, and on Tuesday the player himself,…
It has been widely reported that Manchester United are keen to bring Juventus midfielder Paul Pogba, a former United youth-academy product, back to Old Trafford for a British-record fee of £78 million. As Spanish outlet AS reports, though, Real Madrid are set to enter the bidding, something that Italian publication Gazzetta…