Thursday , 23 November 2017

The Nation

30 people killed in attack on cattle herders in northeast Nigeria -police official

Unidentified attackers killed more than 30 cattle herders in the north-eastern Nigerian state of Adamawa, a police spokesman said on Tuesday.   The attack, in the Numan area of Adamawa, began on Sunday night and fighting continued into Monday morning, said Othman Abubakar, a police spokesman for the state, adding that an investigation was underway. He gave no further details.   Earlier on Tuesday, a …

Read More »

Nigeria holds benchmark interest rate at 14 pct

Nigeria’s central bank held its benchmark interest rate at 14 percent, its governor said on Tuesday, following a Monetary Policy Committee meeting. All 15 analysts polled last week said rates would be held at 14 percent in Nigeria, with cuts of up to 100 basis points expected in either July or September 2018. –        Mfuneko Toyana; Reuters

Read More »

Senate panel launches inquiry over local content in $16bn Egina project

THE Senate Committee on Local Content has directed Total Exploration and Production Nigeria Limited to provide details of Nigerian content in the floating, production, storage and offloading, FPSO, of the Egina project. The details, it was gathered would enable the Senate to ensure the project make expected impact on Nigeria’s economy. In a statement obtained by Vanguard, the Chairman of …

Read More »

LOW BUDGETARY ALLOCATION TO RESEARCH AND DEVELOPMENT STIFLING NIGERIA’S GROWTH – VC, OBONG VARSITY

Low budgetary allocations set aside by the Nigerian Government for Research and Development has been identified as one of the factors stifling the Nation’s economic growth. The Vice Chancellor of Obong University Professor Udoudo Ekanemesang who gave the indication while giving his remarks as Chairman at the 36th National Conference of the Nigerian Society of Biochemistry and Molecular Biology which …

Read More »

Nigeria’s economy grew 1.4 percent year-on-year in the third quarter

Nigeria’s economy grew 1.4 percent year-on-year in the third quarter, the statistics office said on Monday, extending its slow climb out of its first recession in a generation. Africa’s largest economy returned to growth in the second quarter of 2017 but the recovery has been fragile due to the continuation of depressed oil revenues and a shortage of hard currency. The …

Read More »

Nigeria’s Buhari to visit heartland of Biafra secessionists

President Muhammadu Buhari is to visit southeast Nigeria this week, his spokesman said on Monday, his first trip since taking office to a region formerly known as Biafra. Calls for secession have become increasingly loud in the last few months in parts of the southeast, where the president is deeply unpopular, prompting Buhari to say he will not allow Nigeria to …

Read More »

Ijaw youths warn against alleged plot to reappoint NDDC’s chair, MD for another term

The Ijaw Youths Council (IYC) has warned against an alleged plot by the Muhammadu Buhari-led government to reappoint the current Chairman and Managing Director of the Niger Delta Development Commission (NDDC) for another four years tenure contrary to the principles of rotation enshrined in the Act establishing the commission. The plot was allegedly being spearheaded by embattled Attorney General of the Federation and Minister of Justice …

Read More »

Judge throws out Diezani’s application to facilitate her return from UK

A Lagos Federal High Court has dismissed an application filed by Diezani Alison-Madueke, former Minister of Petroleum Resources, that she be joined as a defendant in an alleged N450m fraud case in Nigeria. The judge, Justice Rilwan Aikawaon, Wednesday rejected her application which he said was bizarre and misuse of court processes, stressing that he would not allow himself to be used …

Read More »

NNPC denies trying to influence, subvert Senate probe

Nigerian National Petroleum Corporation, NNPC, yesterday, denied trying to influence members of the National Assembly and subvert the planned probe of its activities and its Group Managing Director, Mr. Maikanti Baru, by the senate. The NNPC, in a series of tweets on its official Twitter handle, said the dinner with members of the Senate and House of Representatives, earlier scheduled …

Read More »