Odubu: No evidence linking Oshiomhole to Auchi mayhem —Edo APC

Odubu: No evidence linking Oshiomhole to Auchi mayhem —Edo APC

All Progressives Congress, APC, in Edo State, has said that there was no evidence linking the state governor, Mr Adams Oshiomhole, to the shooting that occurred at Auchi, when his deputy, Dr Pius Odubu, visited the area to meet with APC delegates.
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Jettison Grazing Reserve Bill, clergyman tells FG

Jettison Grazing Reserve Bill, clergyman tells FG

THE Vicar in charge of St Luke’s Anglican Church, Ofuoma-Ughelli, Delta State, Revd. Canon Godwin Ujevwecha, yesterday, urged the Federal Government to jettison the proposed Grazing Reserve bill before the National Assembly in the interest of peaceful coexistence of all parts of the country.

DISCOs go tough on MDAs, other huge debtors

DISCOs go tough on MDAs, other huge debtors

Barring any last minute truce, electricity distribution companies in the country are poised for a showdown with their historic debtors as they (the debtors) face the possibility of mass disconnection of electricity supply in the days ahead.

Reps raise alarm over missing kidney of Nigerian in Italian hospital

Reps raise alarm over missing kidney of Nigerian in Italian hospital

ABUJA — THE House of Representatives Committee on Diaspora Matters has vowed to take legal action against the Italian government and the Nigerian Embassy in Italy over the disappearance of kidney of a Nigerian resident in Torino, Italy, after visiting a hospital with complaints of fever.

OAUTH performs successful paediatric open heart surgeries

OAUTH performs successful paediatric open heart surgeries

Lagos—In a rare medical feat, the Obafemi Awolowo University Teaching Hospital Complex, OAUTH, Ile Ife, Osun State, has carried successful paediatric open-heart surgeries on six children including five with holes in the heart.

Tanker drivers debunk strike rumours

Tanker drivers debunk strike rumours

ABUJA— The Petroleum Tanker Drivers, PTD, of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday, debunked rumours making the rounds that its members were embarking on strike.

Paucity of funds slows down pace of work at cargo airports

Paucity of funds slows down pace of work at cargo airports

The Managing Director of the Federal Airport Authority of Nigeria, FAAN, Engr Saleh Dunoma has disclosed that paucity of funds is responsible for the slow pace of work at the cargo airports under construction across the country and that some equipment for the airports have arrived.

Total domestic investors participation on NSE down 17%

Total domestic investors participation on NSE down 17%

Total domestic investors’ participation on the Nigerian Stock Exchange, NSE, fell by approximately 17 per cent in the month of March as apathy continues to greet equity investment in the nation’s capital marke According to figures released by the NSE, weekend at the end of the month of March , domestic investors reduced their stake to N61.87 billion, indicating 63.52 per cent participation from N74.49 billion they committed in the market in February this year. This represents a total decline of 17 per cent during the period.

Bailing out:  FG’s exercise in futility

Bailing out: FG’s exercise in futility

We are looking asking for an eighteen-month moratorium before we can start paying , so that we will be able to strategise…To develop the IGR is not overnight, it is a long term programme that one has to plan for…and we cannot say we are going to cut salaries and wages.” Governor Yari, Chairman of Nigeria Governors Forum, April 28, 2016, in Abuja.

Experts to parley on expanding access to affordable housing

Experts to parley on expanding access to affordable housing

How to expand access to affordable housing in Africa will be the focus of stakeholders in the built environment as participants from 10 countries and 200 indigenous companies gather at the 10th Abuja Housing Show scheduled for 18th to 20th July, 2016. The Abuja Housing Show is an annual one stop-shop for real estate stakeholders presenting new products, innovative services and technology. It is a unique forum where practitioners in the housing and construction industry meet to exchange ideas and proffer solutions to housing problems.

NCAA denies knowledge of foreign airlines demanding dollars from Nigerian passengers

NCAA denies knowledge of foreign airlines demanding dollars from Nigerian passengers

Nigeria Civil Aviation Authority, NCAA, has said the regulatory authority is not aware of any reported case of foreign airlines operating in Nigeria charging Nigerian passengers dollars instead of Naira the official currency of the country. Investigations by Vanguard revealed that most of the Public relation consultants of the foreign airlines operating in Nigeria are not aware of this development also. The Media Executive, JSP Communications, Ijeoma Okolie, media consultants to Emirate Airlines, said she is not aware of the airline charging fares in dollars and compelling Nigerian passengers to also pay in foreign currencies.

Inflationary pressures to continue as international prices rise

Inflationary pressures to continue as international prices rise

Ahead of next week’s scheduled release of April 2016 inflation reading, economists at FSDH Merchant Bank have predicted a continued spike in the headline index. According to them the April 2016 inflation rate (year-on-year) is expected to increase to 13.7 per cent from 12.77 per cent recorded in the month of March 2016.

Court strikes out AMCON’s suit against Capital Oil

Court strikes out AMCON’s suit against Capital Oil

A Federal High Court sitting in Lagos, has struck out the suit instituted by Assets Management Company of Nigeria, AMCON against Capital Oil and Gas Ltd, holding that the suit is premature and seeks to circumvent existing suits in different courts on issues relating to the alleged indebtedness of Capital Oil and Gas, which is currently under dispute.

A misguided editorial on Buhari’s refusal to devalue Naira

A misguided editorial on Buhari’s refusal to devalue Naira

It is common practice in the print media for a Newspaper to identify and evaluate an issue of public significance and then make sensible recommendations that would be socially beneficial. Ultimately, after presumed exhaustive debate of the subject by a seasoned team of journalists and external consultants, a statement is distilled and published as the Newspaper’s Editorial opinion.

Shareholders approve Wema Bank’s acquisition, merger bid

Shareholders approve Wema Bank’s acquisition, merger bid

Shareholders of Wema Bank Plc have approved the bank’s bid to either acquire or merge with any financial/non-financial institution to expand its business. They also authorised the bank’s directors to raise additional capital in readiness to pursue the acquisition plan. The shareholders gave the approval at the bank’s Annual General Meeting, AGM, in Lagos.