Skip to main content

Posts

Border Closure: IMF backs Nigeria, urges speedy resolution

Mr Abebe Selassie, Director of the African Department at the IMF (right) with Ms Meera Louis, a Communications Officer at the Fund, during the media briefing. Photo: NAN The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington. He was responding to a question on whether the closure negates the African Continental Free Trade Agreement (AfCFTA). Mr Selassie said although free trade was critical to economic growth of the continent, it must be legal and in line with agreements. “On the border closure in Nigeria which has been impacting Benin and Niger, our understanding is that the action reflects concerns about smuggling that has been taking place. “It is about illegal trade, which is not what you want to facilitat
Post a Comment
Read more
Recent posts

Yari attacks Obasanjo, others over comments on Nigeria’s security

The immediate past governor of Zamfara State, Abdulaziz Yari, has tongue-lashed Olusegun Obasanjo over the former Nigerian president’s recent open letter  to President Muhammadu Buhari. Mr Obasanjo on Monday released a letter to Mr Buhari, warning him of issues around national security and unity. Mr Obasanjo accused the president of negligence and not rising to the contemporary challenges bedevilling the country. But Mr Yari in a statement by his media aide, Ibrahim Dosara, lampooned Mr Obasanjo and unnamed “Yoruba leaders” for recent criticism of Mr Buhari’s handling of security issues. The former governor accused Mr Obasanjo of using the opportunity to pour “encapsulated anger” on Mr Buhari, saying the former president has no better records.
Post a Comment
Read more

Npower Creative 2016/2017/2019 beneficiaries Laptop and Devices out check here

Npower Creative 2016/2017/2019 beneficiaries Laptop and Devices is out check here. We are glad to inform you about Npower Creative 2016/2017/2019 beneficiaries Laptop and Devices across 774 Local Government Area. See more details below: Are you  among Npower Creative 2016/2017/2019 beneficiaries and you have not collected you device or laptop, what are you waiting for hurry now to get your device or laptop right in your hands to enable you improve more in your N-knowledge (N-software and N-hardware) skill/programme. Npower Creative 2016/2017/2019 beneficiaries are now getting their  laptops and devices. Each device is fitted with software & content that will help beneficiaries as Animators, Scriptwriters, Illustrator/Graphic Designers, and Voice-Actors & Post Production Managers. With N-Power, we are building a Knowledge based economy. For this laudable programme, I am sure that after the training, the beneficiaries will possess the right skills to develop our creative ind
Post a Comment
Read more

INTERVIEW: Don’t believe anything from Nigerian Senate — El-Rufai

Kaduna State Governor, Nasir el-Rufai On his mission to the villa? A: I came to see Mr President to brief him on the general security situation in Kaduna, which I do from time to time and also to update him on the various initiatives by the Inspector-General of Police (IGP), the SSS, and the Army with a view to improving the security situation in Kaduna in general and particularly along the Abuja-Kaduna road. I want to say that the initiatives put in place have made the road quite safe now. I don’t want to go into details of the measures that have already been put in place, but I am confident with the security system in place now that people can be confident to drive on the Abuja-Kaduna road without any fear. On APC leader, Bola Tinubu A: There is no dispute between me and anyone in the APC. The APC is one family, I don’t dispute with my own party. They may dispute with me but I don’t. I made comments in Lagos about how to retire godfathers, it’
Post a Comment
Read more

Economist challenges classification of Nigeria as world poverty capital

May 1, 2019 Agency Report A market used to illustrate the story [Photo Credit: Daily Post] Nigeria is not the poverty capital of the world, Abiodun Adedipe, an economist and member of the Nigerian Economic Summit Group, has said. Mr Adedipe, a management and financial consultant, said this at the annual forum of The Platform on Wednesday in Lagos. The News agency of Nigeria reports that the programme was themed: “The Drivers, Enablers and Obstacles to our Growth.” Mr Adedipe was reacting to a report by the World Poverty Clock, published in June 2018, which indicated that Nigeria had overtaken India as the country with the largest extreme poverty population in the world. “As a Nigerian, economist and someone who deals with data, I challenge them because none of those who made such claims has been able to prove it. “When you talk about poverty, you also talk about how you measure it. “If you say you conducted a survey, then I want to know where it w
Post a Comment
Read more

I Can Choose Anybody To Head Computer Village Market – Tinubu-Ojo

The leader of traders in Lagos and the Iyaloja General of Nigeria , Mrs Folashade Tinubu - Ojo , has said that some traders in the Computer village market who protested against the appointment of Iyaloja and Babaloja in the market on Tuesday were ill -informed . Addressing a press briefing on Wednesday , Tinubu -Ojo , said all the markets in the state were under her control and the computer village market canno t be an exception . According to our constitution , I can choose anybody from any local government in the state to head the market , all the iyaloja and babaloja in all the Lagos markets are my representatives in the market where they operate. Kindly educate them that phones , handsets , computers are commodities . “ They cannot tell us they are not pepper sellers, everybody cannot be textile dealers ; they can ’t tell us that computer village will be exonerated from other markets . We have the right to choose for them Iyaloja and Babaloja . “ Those people
Post a Comment
Read more

How federal projects initiated by Saraki are abandoned, poorly implemented (2)

Malete dam For residents of Abata Karuma in Ilorin East, Kwara State, life with erosion has been a hell they contend with daily. A gully which stretches for metres has not only claimed the only motorable road in the community but has already eaten into the foundation of their houses. “They will come, do meetings with us, promise they’ll do it but they haven’t. They come during elections. We’ve seen the sign post indicating that they’ve completed it but that’s false. We want them to assist us in doing it,” Bamidele Dada, a house owner in the community lamented. Mr Bamidele was referring to politicians, in this case, the Senate President, Bukola Saraki, who in 2017 facilitated a N27 million erosion control project to the area. A signage indicating that work is either ongoing or completed was erected at the entrance of the community, but when UDEME , a project monitoring initiative, made efforts at identifying the project, only about 50 metres of drainage stru
Post a Comment
Read more

Buhari Commissions $600m Terminal At Nnamdi Azikwe Airport

According to Hadi Sirika, Nigeria's Minister of State for Aviation, the terminal cost the country a total of $600million, which was implemented through a $500million loan from China and Nigeria is providing counterpart funding of $100million. President Muhammadu Buhari has commissioned a new terminal at the Nnamdi Azikwe International Airport, Abuja. According to Hadi Sirika, Nigeria's Minister of State for Aviation, the terminal cost the country a total of $600million, which was implemented through a $500million loan from China and Nigeria is providing counterpart funding of $100million. In January, Sirika had also announced that the terminal would cost additional $400million to be completed. The President commissioned the airport terminal on Thursday, and according to the Federal Airports Authority of Nigeria (FAAN), the terminal will process 15 million passengers annually.
Post a Comment
Read more

CBN okays Access, Diamond merger

  THE Central Bank of Nigeria (CBN) has given a “No Objection” nod to the merger plans of Access Bank Plc and Diamond Bank Plc, the boards of both banks said yesterday. The deal is expected to be completed in the first half of 2019. Transaction completion is subject to Access Bank and Diamond Bank obtaining shareholder and regulatory approvals (CBN, the Securities and Exchange Commission (SEC), the Federal High Court (FHC) and the National Pension Commission (PenCom). Following the signing of the Memorandum of Agreement and announcement of headline terms, which valued Diamond Bank at approximately N72.5 billion (about $200 million) and will see Diamond Bank shareholders receive N3.13 per share in cash and shares, Access Bank and Diamond Bank are announcing further details, including the rationale and benefits of the deal, the estimated cost synergies, the capital management plan and the timetable. The merger will form a leading Tier 1 Nigerian bank and the lar
Post a Comment
Read more

Afenifere endorses Buhari for 2019 polls

  •Public declaration January 29 •‘Any other Yoruba not with us are renegade and usurpers’ The Pan-Yoruba socio-cultural and political organisation, Afenifere, has endorsed President Muhammadu Buhari and Vice President Yemi Osinbajo as the Yoruba candidates ahead of next year’s presidential election. It said any other group that fails to align with the current position would be treated usurpers and renegades. The organisation recalled that Afenifere, as started by the late sage, Chief Obafemi Awolowo, should be progressive. Its spokesperson Biodun Akin-Fasae stated the group’s position yesterday while addressing reporters on the outcome of a meeting of delegates and elders from the six Southwest states in Ibadan, the Oyo State capital. The group is led by the longest-living senator in Nigeria, Pa Ayo Fasanmi. Notable figures at the meeting included a former Oyo State Governor Omololu Olunloyo, Prince Tajudden Olusi, Dr. Abayomi Fini, Chief Adeleke Ad
Post a Comment
Read more

Boko Haram suspect held in Lagos

A man the police described as a notorious Boko Haram Commander  was yesterday arrested in Lagos. The suspect, Abdulmalik Umar, was said to have been responsible for the death of more than 200 people. Umar, 39, was arrested by operatives of the Inspector General of Police (IG) Intelligence Response Team (IRT) around Mowe at a nurse’s house where he was receiving treatment for the bullet wounds he sustained during a recent gun battle with the police in Abuja. It was gathered that the suspect, alleged to have masterminded the explosions at Nyanya and Kuje in Abuja in 2015, as well as several bank robberies in Ondo, Edo and other southern states, had fled Abuja three weeks ago when some of his gang members were apprehended. A police source, who confirmed the arrest, disclosed that the nurse, who is said to be Umar’s sister, and her husband were also arrested for aiding and abetting criminality. It was gathered that the head of the IRT, Abba Kyari, a Deputy Commissioner
Post a Comment
Read more

Again, Presidency replies Amnesty International over report on killings

President Muhammadu Buhari The Presidency has accused Amnesty International of drawing “wrong conclusions” in its latest report highlighting the failure of the Nigerian government to check rampant killings in the last three years. The Nigerian Army had earlier dismissed the report, demanding the withdrawal of the group from the country, while the Presidency in its initial response “expressed concerns” about the group’s report. But in a more measured tone Thursday, the Presidency, through spokesperson Garba Shehu, commended Amnesty International for some of its conclusions, but said its evidence gathering was flawed. Read the full statement below: AMNESTY INTERNATIONAL REPORT, DRAWING THE WRONG CONCLUSIONS – PRESIDENCY The first thing to say about Amnesty International’s Report: Setting the Record Straight is to thank the organisation for confirming a fact stated time and again by President Muhammadu Buhari that the conflict between herders and farmers i
Post a Comment
Read more