Ahmed Makarfi led faction of the Peoples Democratic Party (PDP) has announced members of the party’s national convention committee despite a court ruling declaring the leadership illegal. In a statement issued by Secretary of the faction, Senator Ben Obi,…
Lagos to partner private sector on $1b rail line
To successfully construct $1 Billion urban rail line, the Lagos State Government has announced plan to partner the private sector. Speaking in Lagos during a seminar organized by the Lagos Metropolitan Area Transport Authority in conjunction with the Japan…
‘Dangote refinery will enhance West Africa’
By Moses Ebosele – President of Togo, Faure Gnassingbe and Governor of Lagos State, Akinwunmi Ambode on Tuesday canvassed support for the proposed Dangote Refinery project. Gnassingbe and Ambode who spoke during a tour of Dangote Refinery project in Lekki,…
Benefits of town hall meetings, by Minister
By Moses Ebosele – Town hall meetings being held across the country by the Federal Government will provides an avenue for both the government and the governed to exchange ideas, thus fostering good governance, the Minister of Information and Culture,…
Forte Oil to raise N50 Billion Capital
By Moses Ebosele – The board and management of Forte Oil Plc has concluded plan to raise N50 billion debt capital before the end of this year, December 31, 2016. Presenting its “facts and figures” to Nigeria Stock Exchange (NSE)…
NPA to renovate headquarters with N800 Million in 2016
By Moses Ebosele – Barring any last minute adjustment, the contractor handling the rehabilitation of the headquarters building of Nigerian Ports Authority (NPA) in Lagos will receive N800 Million payment in 2016. According to NPA’s 2016 Budget and…
Change agenda is real, irreversible, says minister
By Moses Ebosele – The change agenda of the present administration is real and irreversible, Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking at the South-East edition of the Federal Government’s Town Hall Meeting in Enugu…
NIMASA is committed to full implementation of Cabotage Act, says DG
By Moses Ebosele – The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has reiterated the Agency’s determination to ensure the Coastal and Inland Shipping Act 2003 also known as the Cabotage Act is…
Nigeria seeks $3.5Billion loan from World Bank, AfDB
The Federal Government has commenced negotiation for concessionary loans of $3.5 Billion from the World Bank and African Development Bank (AfDB). According to the Minister of Finance, Mrs Kemi Adeosun, the fund will support Government effort to finance the 2016…
Mahmoud emerges NBA President
Abubakar Mahmoud has emerged the new President of Nigerian Bar Association. He pulled 3,055 votes to defeat his opponent, Joe-Kyrari Gadzama who secured 2, 384 votes.
NPA budget N18.1b for furniture, transport, dressing, others
By Moses Ebosele – THE Nigerian Ports Authority (NPA) is to disburse N18.1 Billion as operating expenditure for furniture, rent, transport, children education and dressing allowance before the end of this year. Under the arrangement, workers of the agency…
TUC explains majority stake in Unity Bank
By Moses Ebosele – The Trade Union Congress of Nigeria (TUC) has successfully acquired majority stake in Uity Bank Plc. Under the arrangement, the Congress will within the next three years invest a total of N80 billion in the…
‘Fleet operators record 226 dealt in six months’
By Moses Ebosele – The Corps Marshal/Chief Executive Officer of Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has decried increase in Road Traffic Crashes (RTC) involving Fleet Operators across the country. In his presentation at the just concluded…
FCMB to brief Police on manager’s suicide
The management of First City Monument Bank Plc (FCMB) is to cooperate with the police on the dealth of one of its manager, Olisa Nwakoby, who allegedly committed suicide on Friday. Nwakoby, who was until his death branch manager of…