Nigeria loses N51bn in 4 months to oil assets bombing
Nigeria has over the last four months, between January to April 2016, lost N51.388 billion to pipeline vandalism, and the country is poised to record more of such losses if the current spate of pipeline bomings by militant groups in the Niger Delta region is not addressed. With the second bombing of the Forcados Export Pipeline and the bombing of other oil and gas assets in the region in recent times, the loss to trhe country is expected to escalate when the figures for May and June 2016 is released. Giving a breakdown of the cost of the bombings to the Nigerian economy, data obtained yesterday, from the Nigerian National Petroleum Corporation, NNPC, Monthly Financial and Operations Report for April 2016, revealed that the country, through the NNPC, spent N33.994 billion for pipeline repairs and management.
Dairy Production: WAMCO to invest N3bn in small scale dairy farming
THE West African Milk Company, WAMCO, at the weekend disclosed that it will invest N3 billion in its small holder dairy farmer programme in Nigeria. This was made known by the Managing Director, FrieslandCampina WAMCO, Raul Colaco, at their renewed signing of Memorandum of Understanding, MoU, with the Federal Ministry of Agriculture and Rural Development on dairy development in the country.
Breaking: France beat Romania 2-1, as Euro 2016 begins
Dimitri Payet’s stunning 25 metre strike a minute from time got hosts France off to a winning start at Euro 2016 on Friday as they beat Romania 2-1.
The growing threat of “moral hazard” to the change agenda of the Buhari administration
In March of 2016, during a National Economic Council retreat, the following was reported, “Mr. Buhari advised state governments to increase their financial support through community groups.” This report implied that President Buhari was keen on seeing that states and State Governors worked towards achieving financial self-sufficiency through internally generated revenue. However, recent actions of the Buhari administration appear to negate this implied goal of encouraging states to be financially self-sufficient. In short, a series of actions so far by the Buhari administration appears to be fueling a concept and problem known as “Moral Hazard” among states and state governors, which negates the possibility that financial self-sufficiency will be achieved by states under the Buhari administration.
LUTH nurses begin indefinite strike
Nurses and Midwives at the Lagos University Teaching Hospital (LUTH), Idi-Araba, on Friday began an indefinite strike to press home their demands.
Ramadan: Cleric warns Muslims against sexual activity
Sheik Yahya Al-Yolawi, Chief Imam of Area 10, Abuja, Juma’ah Mosque, has warned Muslim faithful against any act that could provoke sexual activity during the Ramadan fast.
‘A lot will change after Buhari’s first four years’
An activist, Mr Amos Igun, has urged Nigerians to be patient with the President Muhammadu Buhari administration as it works diligently to turn around the fortunes of the country
Chinese men arrested for attempting to smuggle 678 elephant tusks, Pangolin
Two Chinese nationals have been arrested for attempting to smuggle 678 pieces of Elephant tusks and eight sacks of Pangolin weighing over 381 kilogrammes through the Murtala Muhammed International Airport, MMIA, on Friday
Naira appreciates against dollar
The Naira, on Friday, appreciated against the dollar at the parallel market, trading at N352, from N370 traded on Wednesday.
June 12: Osun declares Monday public holiday
The Osun State Government has declared Monday as public holiday to mark June 12 celebration in the state.
Kwara health initiative gets another award , beats US, UAE
Gov. Abdulfatah Ahmed of Kwara on Friday said he was pleased to hear that the Kwara Community Health Insurance Scheme (KWCHIS) had again received international endorsement.
