The Minister of State for Petroleum and Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, sunday clarified that the price of petrol has not been fixed yet but the official price of petrol would be announced next month. This is to clear the air over the perception created on Christmas day that the price of petrol would be reduced to N85/ litre effective January 1. According to him, at the current price of crude oil, the subsidy element had been eliminated, but the price of petrol had not been deregulated nor would it be deregulated come…
Author: Wale Adebayo
The Central Bank of Nigeria (CBN) has disclosed it had no powers to reverse the restriction placed by the Deposit Money Banks (DMBs) on the use of the ATMs abroad. Although, it was in support of the decision as it would assist in reducing the pressure on the naira. The apex bank has explained that the decision of DMBs to place a restriction on the use of Automated Teller Machine (ATM) cards abroad by bank customers, is as a result of scarcity of foreign exchange. Mr. Moses Tule, who is the Director of Monetary Policy Department at CBN, stated these…
The former chairman of the Economic and Financial Crimes Commission (EFCC) and candidate of the Peoples Democratic Party (PDP) in the April 11 governorship election in Adamawa State, Nuhu Ribadu, on Sunday held a private meeting with a former Interim Chairman of the All Progressives Congress (APC), Chief Bisi Akande. Ex-EFCC Boss, who vied for the 2011 presidential election on the platform of the defunct Action Congress of Nigeria (ACN) which was also chaired by Mr. Akande at the time, visited the APC chieftain at his Ila-Orangun country home on Sunday and discussed with him behind closed doors for a few hours.…
Dr. Abubakar Suleiman, who was the former Minister of National Planning in the immediate past administration, has said that former President Goodluck Jonathan did not plan to lose the Boko Haram war as is being suggested by President Muhammadu Buhari. The Minister disclosed this in response to an interview President Buhari granted the Hausa Service of the British Broadcasting Corporation (BBC) last week. In the interview, President Buhari insinuated that his predecessor deliberately provoked Nigerian soldiers into mutiny by its actions, yet, turned around to arrest and prosecute the soldiers. He also said the past administration, while fighting terrorists, sent soldiers…
The Theatre Commander of Operation Lafiya Dole, Major General Yushau Abubakar, yesterday, revealed that troops under his command were able to neutralise 14 female suicide bombers during the Sunday’s attack on Maiduguri, the Borno State capital. Abubakar said Maiduguri would have witnessed another major catastrophe had the the 14 suicide bombers successfully infiltrated the heart of the city. Addressing journalists at the Operation Lafiya Dole media centre in Maiduguri, the theatre commander, Major General Abubakar, who was represented by the General Officer Commanding (GOC), 7 Division Nigerian Army, Maiduguri, Major General Lamidi Adeosun, said: “The female suicide bombers of ages…
The spokesman for All Progressives Congress (APC) in South-East, Mr Osita Okechukwu, has dismissed the criticism that President Muhammadu Buhari’s 2016 budget deficit of N2.2 trillion is unrealistic. He disclosed this in a statement yesterday in Abuja and said the “fears over the N2.2 trillion 2016 budget deficit is misplaced”. According to the APC chieftain, the fears are misplaced because Nigerians are about to witness the harvest of the president’s high profile ratings by the international community. “This is the political capital which will earn Nigerians the premium of borrowing for critical infrastructure. Both local and international investors have implicit confidence…
Nigeria’s Senate President, Dr. Bukola Saraki, has described his deputy, Senator Ike Ekweremadu, as a perfect gentleman man and good example for Nigerian politicians. Dr. Saraki, who stated this at a civic reception in Mpu, the country home of Ekweremadu, shortly after a special thanksgiving service where the deputy Senate president rededicated himself to the service of Nigeria and mankind, also expressed gratitude at having the opportunity to work at close quarters with Ekweremadu. Speaking on behalf of the Senate, Saraki said although he had known Ekweremadu in the 7th Senate, he was not too close to him as to…
Dr Kayode Fayemi, the Minister of Solid Minerals, has said the 2016 budget proposal of N6.08 trillion presented before the National Assembly by President Muhammadu Buhari last Tuesday was not too much, considering the level of infrastructural decay and other sundry problems confronting the nation. He explained that the Ministry of Power, Works and Housing, which was appropriated a staggering sum of N433 billion, the largest share in the 2016 budget, could still not boast that the amount would be more than enough to turn around the infrastructural rot across the nation. The former Governor of Ekiti State, who made…
Ekiti State Governor, Mr Ayodele Fayose, has described verbal onslaught on his person by two of his predecessors, Segun Oni and Kayode Fayemi as meaningless, saying; the two former governors are free to continually express their anger over five electoral defeats they suffered in his hands between 2014 and 2015. Governor Fayose, who spoke through his Special Assistant on Public Communications and New Media, Lere Olayinka, said he will not dignify the former governors with any response. Olayinka, in a statement yesterday in Ado-Ekiti, the state capital, said “as someone who worked diligently with Engineer Segun Oni when he was governor and out of office, I know that…
Scores were reportedly killed and many injured yesterday as two female suicide bombers attacked a busy motor park in Madagali area of Adamawa State. The female suicide bombers detonated their Improvised Explosive Devices (IEDs) at a mini market close to the bus station at around 9:00am, killing several people and injured many. The Brigade Commander of 28 Task Force Brigade, Mubi, Victor Ezugwu, confirmed the incident and said the number of victims has not been ascertained. The injured victims had been taken to hospital, while security agents had cordoned off the area, said Brigadier-General Ezugwu.