IGP warns against attacks on police stations and formations

Following the spate of attacks and foiled arson attempts at some Police Stations and Formations across the country, Inspector-General of Police, Solomon Arase, yesterday warned members of the public on the unsavoury implications of such inappropriate behaviour.
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Saving the economy, PMB at cross roads

I STILL don’t get the feeling that Nigerians realise how bad things have become for the economy and that we are facing a future of slow growth. The change mantra is going to be hard and painful no matter what the government and politicians say.

Nigeria refineries low on Petrol production

Current data on refineries production in Nigeria indicate that more heavy or fuel oils (low and high fuel oil/black oil) are being produced from the four refineries than other high demand products like premium motor spirit, PMS, otherwise known as petrol. The revelation comes despite assurances by the Nigerian National Petroleum Corporation, NNPC, which said last week that two of its refineries were working between 60 and 80 percent of their installed capacities.

Unemployment cases worsen as 1.3m lost jobs in Q2

LAGOS — There are indications that the country’s labour market has taken a major hit with worsening unemployment recorded in the second quarter (Q2) of 2015. About 1, 317,700 Nigerians lost their jobs within the period.

Oil crash, dwindling revenue threaten Nigeria’s 2015 budget

The low crude oil price has started to take its toll on Nigeria’s economy, triggering a huge decline in the country’s foreign reserves and engendering a free fall of the naira, and a host of others. Already, in the April Federation Account Allocation Committee, FAAC, meeting, it was stated that the country recorded a revenue shortfall of N 86.42 billion, due to a N78.36 billion decline from oil revenue.

We’ve found banks with stolen oil money – Buhari

President Muhammadu Buhari, yesterday, in Abuja said that his administration has identified banks, financial institutions and countries in which payments for stolen Nigerian crude oil have been deposited.

Jonathan raised fuel subsidy to N1.9trn from N300bn – Amaechi MA

ABUJA—Former Governor Rotimi Amaechi of Rivers State, has accused former President Goodluck Jonathan of unilaterally increasing the country’s subsidy claim to N1.9trillion during his administration, from the N300 billion it was during the late President Umaru Yar’Adua government.

How the next Ooni will emerge – Priest

Vanguard met the Chief Priest of Ile Ife, Chief Olajide Farotimi Faloba, who gave stated how the next paramount traditional ruler of the ancient Ile-ife would be chosen, peradventure Oba Olubuse has joined his ancestors.“

State of the Nation : Oritsejafor, CAN, PFN leaders meet in Warri

WARRI—LEADERS of the Christian Association of Nigeria, CAN, in conjunction with those of the Pentecostal Fellowship of Nigeria, PFN, yesterday, held a closed door meeting, aimed at repositioning the church in Nigeria under the current political dispensation in the county.

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