RECENTLY, the Korean Cultural week was celebrated in Nigeria’s political capital, Abuja, with government officials, diplomats, cultural administrators and enthusiasts as well as friends of Korea in Nigeria in attendance to share their cultural values. The festival, which lasted for eight days was an all-encompassing cultural event that featured traditional Korean musical troupes; “Nanta and Yeorang,” performing both traditional and modern songs at the opening ceremony.

Former Senior Special Assistant on Public Affairs to ex-President Goodluck Jonathan, Dr. Doyin Okupe, on Monday, lamented over the precarious state of the nation’s economy, particularly as it relates to crude oil production and sale.

The Central Bank of Nigeria (CBN) has indirectly reintroduced Commission on Turnover (CoT) fee as Current Account Maintenance (CAM) Fee. Recall that the CBN in 2013 commenced phased reduction of CoT which terminated with zero CoT charge this year. But in a circular to banks last week signed by Director, Financial Policy & Regulation Department, Mr. Kevin Amugo, the CBN replaced the CoT with CAT but subject to maximum of N1 per N1000 (Mille).

The Archbishop Emeritus of the Catholic Archdiocese of Lagos, Anthony Car­dinal Olubunmi Okogie, yesterday, urged President Muhammadu Buhari, to re­tool and lead by example on all fronts or risk plunging Nigeria into a state of despondency.

VIEWERS watched with great awe, the appalling condition of the oil rich Niger Delta region, the effect of the havoc unleashed on North East by Boko Haram, and the devastating effects of erosion on the South East, all in Nigeria. It was a clear evidence of a country blindly existing on impending doom. “No Where To Run: Nigeria’s Environmental Crisis”, is the title of a documentary film which exposes humanly inflicted disasters on some areas in the country, leaving the people in perpetual fear of the unexpected.

GE has commenced production of its “most African” locomotives. Once completed, the 233 GE Evolution Series locomotives will contain 55 per cent local content, making them the “most African” locomotives of their kind. ”We are building these world-class locomotives here in South Africa because we are committed to growing the local supply chain and establishing […]

Nigerian Investment Promotion Commission (NIPC) has said this is the time for investors to come and invest in Nigeria, saying the challenges facing the country at the moment is an ample opportunity for investors. The Executive Secretary of the Commission, Mrs. Uju Aisha Hassan-Baba who made the call in Abuja while receiving an Investment delegation from Chinese Africa Investment Limited in her office said, the Commission is ever ready to assist investors on the diversification policy of the Federal Government to promote the non-oil sectors of the economy.

Ijaw youths from the nine states of the Niger Delta have appealed to President Muhammadu Buhari not to accede to the planned scrapping of Maritime University at Okerenkoko, Delta State.

ABUJA — THE Director- General of the proposed Maritime Security Agency, Mr. Jacob Ovweghre, weekend, lamented the huge amount the country is losing daily to pipeline vandalism and crude oil theft, stating that the passage of its bill currently before the National Assembly would help boost Nigeria’s revenue by N3.1 trillion annually.

The Match Coordination Meeting (MCM) of Group C that will be held today before tomorrow’s matches, the contents of CHAN Regulations Article 74 will be presented and explained to the teams by the General Coordinator. Article 74 is that Almighty Article that has to do with the separation of teams at the end of Group matches in case of a tie. During the Nations Cup in Equatorial Guinea, Mali and Guinea had to go through the infamous coin toss to separate the two teams.

Nigeria’s attempt at digitisation is said to be hampered by funding. Last year, a two-day workshop on digitisation held in Lagos to provide opportunity to appraise the process and map out strategies to ensure that the switch over is accomplished with least or no hitches. Essentially, the event gave participants the unique opportunity to update themselves on the latest policy direction and technical requirements for the digital transition in Nigeria.

ABUJA—The acting National Chairman of Peoples Democratic Party, PDP, Prince Uche Secondus, has said that some of the 55 Nigerians identified by the Federal Government to have stolen N1.34 trillion are presently part of Muhammadu Buhari’s cabinet. Secondus, in an interview, however, accused the All Progressives Congress, APC-led administration of turning a blind eye to the misdeeds of its supporters and faulted the handcuffing of PDP’s National Publicity Secretary, Chief Olisa Metuh, during his recent court appearances.

Former President, Dr. Goodluck Jonathan, will on Wednesday, hold a world press conference in Geneva, Switzerland.

When the Managing Director of the International Monetary Fund, IMF, Christine Lagarde came to have a chat with Nigeria’s economic managers and policy makers, she warned that Nigeria should watch the rising debt profile of the country. Christine Lagarde is not against borrowing but borrowing for consumption. She must have been briefed on the 2016 draft budget expenditure and income profile of the country.

ABUJA — The Federal Government, weekend, hiked the price of Household Kerosene (HHK) to N83 per litre from N50 per litre, thereby, officially ending subsidy on the product.