Why Nigeria should pull out of OPEC – NPA
The General Manager, Western Ports, Nigeria Ports Authority, Chief Michael Ajayi, has said that continued naira devaluation is a key factor that would ensure Nigeria’s exit from Organisation of Oil Producing Countries (OPEC).
NBS set to release new figures on economy this week
LAGOS— National Bureau of Statistics, NBS, is set to roll out new figures on Nigeria’s economic fundamentals this week, just as its boss, the Statistician General of the Federation, Dr. Yemi Kale, bows out of the office he has held for five years.
Police probe death of man in lover’s apartment
LAGOS—The Lagos State Police Command has begun investigation into the discovery of the lifeless body of a 37-year-old man in her girlfriend’s apartment in Abule-Egba area of Lagos.
Why CBN and Lagos state might fail to save Skye Bank
The Central Bank of Nigeria, CBN, and the Lagos State government have different reasons for desperately averting possible Skye Bank distress. Even the hint of likely distress inhibiting deposits and inviting a run on the bank is not in their interests. For the CBN, the collapse of any bank, at this time, is likely to create collateral damage affecting other banks, governments, the organized private sector and the financial system. So their anxiety on this matter is understandable.
Lack of investors’ confidence responsible for economic challenges – LCCI
Lagos Chamber of Commerce and Industry, LCCI, yesterday, blamed the current lull in Nigerian economy on inability to regain the confidence of investors, both local and foreign, which had resulted in uncertainty in foreign exchange market.
NIMASA disowns staff position on Customs Board
The Nigerian Maritime Administration and Safety Agency, NIMASA, has dissociated itself from a report credited to one of its staff, Mr Momoh Alhassan who was quoted as saying NIMASA was opposed to the Comptroller-General of Nigerian Customs Service, NCS, also serving as chairman of the Board.
Buhari’s proposed emergency powers and how not to kill a nation
It is a season of the absurd. Nigeria is hemorrhaging uncontrollably, left for too long to bleed and now in near-comatose situation. Truly, she is in dire need of urgent attention as she suffers from economic asphyxiation on the treatment table while she is abandoned to writhe in avoidable pain. Suddenly, it seems her doctors are just realizing exactly how bad the situation is and they are now very desperate to do everything to save her, or so it seems, from total shut-down.
The butchers from the North
The butchers from the north are better known as the Fulani militants and herdsmen. They have unleashed horror and levied war against the people of Nigeria over the last one year.
Gov poll: Presidency wades into Ondo APC crisis
DISTURBED by the crisis within the All Progressives Congress APC in Ondo State over the choice of its candidate for the governorship election, the Presidency has moved in to calm strayed nerves.
Shooting Stars maul Kano Pillars, Rangers lose
Shooting Stars Football Club of Ibadan got their pound of flesh yesterday when they thrashed visiting Kano Pillars 4-0 in a Nigeria league match after they lost the reverse fixture 6-0 in Kano.
Paralympic Committee names 23 athletes for Rio Games
The Paralympic Committee of Nigeria in conjunction with the Federal Ministry of Sports, has named 23 athletes and 6 coaches that would be representing Nigeria at the forthcoming Rio 2016 Paralympic Games holding from September 7-18, 2016 in Brazil.
