By Henry Boyo More Nigerians will probably consider widespread insecurity, unstable power supply and our faltering economy as the three most critical challenges for which President Muhamadu Buhari would have to urgently find sustainable solutions. Nonetheless, some critics may trace the root of insecurity to increasing desperation from unemployment and ‘forced’ idleness on a rising […]

Private sector industry leaders have taken cautious positions in reaction to the change of government particularly at the national level in Nigeria, thus throwing the markets into limbo which may linger until definite statements on the direction of economic policies are made by President Mohammadu Buhari. Last Friday ex-president Goodluck Jonathan handed over Nigeria’s economy in perhaps its most trying moment since the advent of the current democratic dispensation.

As the political leaders who took over reigns of power at the national and state levels settle into offices today they have clearly given thumps down to their predecessors in the area of economic management First is the President Mohammadu Buhari who took over from Goodluck Jonathan last weekend and declared that Nigeria’s economy is in “deep trouble and needs careful management to overcome the impact of low oil prices, slowing growth, high unemployment and the security threat from Islamist group Boko Haram”.

Nnewi—No fewer than 69 persons were burnt to death last night as a petrol-laden tanker, descending from Army Barracks side of Onitsha-Enugu Expressway, lost control, rammed into the Asaba Motor Park at Upper Iweka, Onitsha, and exploded. Eleven vehicles, mostly commuter buses and two motorcycles inside Asaba Park, and the fuel tanker were completely burnt to ashes.

Shareholders of May & Baker Nigeria Plc have unanimously approved the five kobo per share dividend proposed by its Board of Directors for the financial year ended December 31, 2014, just as the company returned to profitability. The shareholders at the 64thAnnual General Meeting of the company held in Lagos commended the company’s performance for the year under review, in view of the harsh operating environment it operated upon and for returning back to paying dividend.