How South East lost out in $93b foreign investments

  Abia State, Nigeria. PHOTO: Local Guides Connect   • Why investors shun region • Low returns, poor infrastructure trigger apathy • Investors attack governors • We’re doing our best, govs’ forum insists Despite relative peace in the region, the Southeast zone has remained unattractive to investors, a situation analysts ascribe to unfriendly tax regimes, […]

FG eyes improved gas investment

Timipre Sylva Chineme Okafor in Abuja The federal government has stated its desire to boost investment in Nigeria’s natural gas market with its formal activation of the National Gas Transportation Network Code yesterday. According to the Technical Adviser (TA) on Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr. Timipre […]

Tambuwal Advocates Increase Funding for Army, Other Security Agencies

Aminu Tambuwal The Sokoto State Governor, Aminu Waziri Tambuwal, has advocated that a special provision be made constitutionally to increase funding for the Nigerian Army and other security agencies in the country. Tambuwal and his Zamfara State counterpart, Bello Muhammad Mutawalle, who were special guests at the Nigerian Army Special Super Camp 4 at Faskari, […]

DMO releases details, puts Chinese loans at $3.1b

The Debt Management Office (DMO), yesterday, put Nigeria’s loan liability to China at $3.121billion as at March 31 2020, representing 3.94 per cent of the nation’s $79.3 billion debt portfolio. The move might have followed recent controversies generated by the issue in the public space. The government agency explained that in terms of foreign sources, […]

NIS officials collect N50K bribe from migrants, Reps member calls for probe

Federal Lawmaker, Tolulope Akande-Sadipe has called on the Nigeria Immigration Service to investigate allegations of bribery against its personnel in land borders and at airports. Akande-Sadipe, who is the Chairman, House Committee on Diaspora Affairs said that allegations of bribe collection from irregular migrants leaving the country are gaining grounds already and cannot be ignored. […]

Covid-19: Nigeria to resume international flights in weeks

PTF on COVID-19 Chairman, Boss Mustapha. *Virus now in 536 LGs as FG extends eased lockdown by four weeks By Omeiza Ajayi ABUJA-The federal government has expressed its readiness to reopen the nation’s airspace for international flights in ‘a matter of weeks.’ This was as it lamented the growing wave of community transmission of Covid-19, […]

COVID-19: Buhari orders compulsory use of face masks nationwide

President Muhammadu Buhari President Muhammadu Buhari has directed state governments and the Federal Capital Territory (FCT) to enforce the use of face masks in public places across the country. The Chairman, Presidential Task force on COVID-19, Mr Boss Mustapha, made this known at the daily briefing on Thursday in Abuja. Mustapha, while reviewing the activities […]

We will join Kanu to fight for Biafra if South-East doesn’t get Presidency in 2023 – Nwodo

Okwesilieze Nwodo By Ikechukwu Odu NSUKKA — Following the call by an elder statesman, Alhaji Tanko Yakassi, for Igbo presidency in 2023, the former national chairman of the People’s Democratic Party, PDP, Dr. Okwesilieze Nwodo, has declared that Ndigbo would join Nnamdi Kanu, to seek Biafra secession from Nigeria if South-East does not produce the […]

BREAKING: FG raises hate speech fine from N500,000 to N5m

The Federal Government on Tuesday raised the fine for hate speech from N500,000 to 5 million naira, The PUNCH has learnt. The government also mandated broadcast stations to devote airtime for public education on emergencies such as the COVID-19 pandemic. The Minister of Information, Lai Mohammed, made this known in Lagos on Tuesday while unveiling […]

Elumelu threatens legal action over ‘false allegation’ of N41 billion fraud

The former Managing Director of the United Bank for Africa (UBA), Mr Tony Emumelu, has given the chairman of the Senate Committee on Ethics, Privileges and Public petition, Ayo Akinyelure, seven days to retract a statement credited to him, alleging that he was involved in a N41 billion fraud case. Lawyers to Elumelu, in a […]

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