President Muhammadu Buhari Thursday in Abuja reiterated his commitment to creating more jobs, with particular focus on enabling the private sector, targeting more youthful population by streamlining priority on agriculture, arts, entertainment, mining and Information Technology. Speaking at a Presidential Parley with the Participants of Senior Executive Course 42 of …
Read More »Boko Haram: Mercenaries Angry with Buhari, Vow Not to Help Nigeria
Amidst renewed calls by North East Governors on the Federal Government to engage foreign mercenaries in routing Boko Haram terrorists in Sambisa forest and other insurgents’ enclaves, the foreign military contractors earlier engaged by Nigeria have vowed never to return. During the administration of President Goodluck Jonathan, Nigeria had covertly …
Read More »Shekau Explains Why 78 Borno Rice Farmers Were Killed
The factional leader of the dreaded Boko Haram insurgents, Abubakar Shekau has confirmed that his group was responsible for the killing of rice farmers in Kwashebe Zabarmari axis of Jere Local government Area of Borno State. Shekau, in a three-minute video released on Tuesday, said his group killed 78 farmers …
Read More »Buhari Urges More Use of Gas as Alternative to Petrol
President Muhammadu Buhari Tuesday in Abuja appreciated Nigerians and Organized Labour for restraint, understanding and patience as the country tackles myriad economic challenges, assuring that the Federal Government is working hard to ameliorate the situation. A statement from the Presidency quoted Buhari as saying this at a virtually held event …
Read More »Oil Prices Declines Further as OPEC Delayed Output Policy Talks
Oil prices fell on Tuesday, extending its prior losses, amid uncertainty about whether major oil producers would agree to extend its deep output cuts. Reuters reported Monday that the cartel delayed output policy talks until Thursday, as key players were still in disagreement on how much oil they should produce. …
Read More »Nigerian Govt Boost Access to Energy with 5m Solar System
The President Muhammadu Buhari administration, will this week, begin distribution of five million solar system, under the Economic Sustainability Plan (ESP).It was gathered that under this arrangement, 25 million Nigerians not served by the national grid will pay N4,000 monthly for a three-year period, to own solar systems in their …
Read More »Oil Prices Fall $45/barrel as OPEC Ministers Meet Tuesday
Oil prices came under pressure on Monday, with WTI crude falling towards $45 a barrel on doubts whether OPEC and other oil-exporting countries could agree in postpone its planned production increase in January. The cartel is due to meet this week to discuss such move in the light of a …
Read More »6 Nigerian Banks Posted N601.5bn Profit for 9-Month, Despite Covid-19
The six largest-listed banks by stock value in Nigeria achieved a consolidated net profit of 601.5 billion naira ($1.58 billion) over the first nine months this year. Denominated in the local currency, this makes an increase of 5.43% compared to the same period in 2019. In the US dollar, despite …
Read More »Boko Haram: 43 Farmers Killed, 23 Others Missing in Maiduguri
At least 43 Farmers have been killed while 23 others are still missing following an attack by Boko Haram in Maiduguri. BBC Hausa reports that the farmers attacked yesterday were 66 and 43 bodies have been recovered while the remaining 23 people are still missing. The toll may rise. Most …
Read More »Toney Elumelu, Fola Daniel Start Insurance Business
Nigeria’s National Insurance Commission Friday has issued an operational licences to four new insurance firms and one reinsurance company According to the Commissioner for Insurance, Mr Sunday Thomas the new firms are: Heir Insurance Limited (General), chaired by Mr Toney Elumelu; Stanbic IBTC Insurance Limited; Heirs Life Assurance Limited; Enterprise …
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