Fuel imports: The real cabal

Fuel imports: The real cabal

A cursory survey of media reports on the downstream oil sector suggests that the prevailing popular belief is that a predatory cabal has a vice grip over the business of fuel importation. There is concern, therefore, that this, presumably, vicious class of businessmen would do everything to ensure that refineries will never work, and that the subsidy regime would subsist, while fuel supply will continue to be carefully manipulated to regularly induce artificial scarcity so that bountiful profits can be harvested from the attendant sufferings and economic dislocation deliberately caused by the oil cabal.
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Check-points to remain in vulnerable areas – Minimah

Check-points to remain in vulnerable areas – Minimah

“Why are you in the army? Why are you running away? Is that the army we want in Nigeria?” Minimah asked. The army chief said any soldier who cannot fight for his country should not exist, adding that the oath of allegiance of the military commands that a soldier should fight. According to him, the oath also said that if possible the “soldier should lay down his life for his fatherland and that is the oath we all took.

Over 200 Chinese firms eye business in mining, agric sectors

Over 200 Chinese firms eye business in mining, agric sectors

“We are moving away from the oil sector and hoping that these investors can fit into these areas mentioned because some of these areas are the priority of the government especially the agricultural sector. The agriculture sector as you know, is the one that provides the most jobs.” The investments, according to the leader of the Nigerian consortium coordinating the Chinese firms, Gen Chiemeka Egbemena are mainly companies involved in petroleum, iron and steel, agricultural and manufacturing sectors, as well as free trade zone.

Nigeria, time to try  new ideas

Nigeria, time to try new ideas

Nigerians’ expectation from the new government at all levels is that the idea of sharing will be shelved and a new thinking of baking a larger cake for the nation will emerge. But Governors are already at it, talking of excess crude account that is to be shared. They have dragged as usual the yet-to- settle down president into setting up a committee to look into what the governors know too well has been shared. If this government were ready to replace old ways of thinking with the new, the Federal Government would have ignored these jobless governors.

New report projects steady decline in food prices over next decade

New report projects steady decline in food prices over next decade

A new report issued by the Food and Agricultural Organisation (FAO) and the Organisation for Economic Co-operation and Development (OECD) said the real prices for global agricultural products would continue their gradual decline over the coming decade. The report, “OECD-FAO Agricultural Outlook 2015-2024” indicated that decline in prices would be as a result of a combination of strong crop yields, higher productivity and slower growth in global demand.

N480bn spent annually on malaria treatment

N480bn spent annually on malaria treatment

“Advocacy, communication, social mobilisation is critical in promoting the malaria strategies of government. State governments to take up full responsibility for malaria control and Public-private partnership to fight malaria critical.”

Financial Derivatives predicts 9.1% inflation for June

Financial Derivatives predicts 9.1% inflation for June

“At its next Monetary Policy Committee (MPC) meeting on July 20 to 21, the Central Bank of Nigeria would have to proffer solutions to address inflation, depleting external reserves and determine an efficient exchange rate price mechanism. This is a significant development given the apex institution’s decision to restrict access to the interbank currency market on 41 select items, including staples, rice, cement, tomato products and poultry. This pushes the pressure towards the parallel market.

Keshi should blame self  – Nigerian coaches

Keshi should blame self – Nigerian coaches

Nigeria Football Coaches Association, NFCA have washed their hands off the sacking of Super Eagles Head Coach, Stephen Keshi, saying that he should blame self for his troubles.

Keshi deserves to go – Chukwu

Keshi deserves to go – Chukwu

Former Super Eagles coach, Christian Chukwu has said that the decision by the Nigeria Football Federation to sack national team coach Stephen Keshi was in order, if the tactician was found to have applied for the Ivory Coast job while in contract with Nigeria.

Medical director in critical condition after gun attack

Medical director in critical condition after gun attack

LAGOS—A medical director, identified as Dr. Jatto Stephen, is currently lying critically ill at an undisclosed hospital in Lagos, following gunshot wounds he sustained when armed men suspected to be assassins trailed and shot him.

Sunshine Stars stay top

Sunshine Stars stay top

Sunshine Stars claimed a hard-fought point in a 1-1 draw with Lobi Stars on Sunday to retain top spot in the Nigeria Professional Football League (NPFL).

Shareholders query low attendance of members at AGMs

Shareholders query low attendance of members at AGMs

Shareholders have berated the low attendance of members at Annual General Meetings, AGMs, just as they tasked the Securities and Exchange Commission, SEC to make policy directing companies to repackage proceedings at meetings. The shareholders, under the aegis of Proactive Shareholders Association of Nigeria, PROSAN who spoke to Vanguard said “We have observed that less than 2 per cent of the shareholders of quoted companies attend their companies’ AGM globally.”

I’ve no Northern agenda – Buhari

I’ve no Northern agenda – Buhari

Following criticisms that trailed the appointments made so far by President Muhammadu Buhari which many argued were lopsided in favour of the north, the president, yesterday, dismissed insinuations that he was implementing a northern agenda in his appointments.

Extra costs to consider when buying a house

Extra costs to consider when buying a house

It can be a little confusing when it comes to identifying the tax charges involved in the process of securing your dream home. Lamudi has prepared a guide to the extra costs property seekers should expect to pay when buying any kind of real estate. There are three main types of taxes that are required to be paid by property tax owners. However, not all of these tax charges apply to every state in Nigeria.