The organisers of the Headies have issued a statement on the face-off that ensued between the camps of Don Jazzy-led Mavin and Olamide Adedeji’s YBNL.

WAGL has secured LNG for the project, but has not revealed the name of the supplier.

WAGL has secured LNG for the project, but has not revealed the name of the supplier.

WAGL has secured LNG for the project, but has not revealed the name of the supplier.

Market indicators of the financial health and perception of the economy appeared hazy as indicators point to all directions, with stock market looking up, currency market looking down and money market in mixed-grill. Though the Nigerian Stock Exchange All Shares Index, NSE ASI, closed the year down by 17.36 per cent the market will be opening for the first trading day of 2016 from a positive point following the steady positive streak it recorded in the last trading week of 2015.

This is finding excuses for their wrong economical policies, The truth is that Nigerian government lack the understanding of economics. This is why they misuse the country’s resources. l understand the truth and real details each time the Nigerian government goes to borrow money from the IMF and world bank, there will be a revolution the next morning.

Lagos State Governor, Mr. Akinwunmi Ambode on Monday signed the N662.588bn Y2016 Appropriation Law with a promise that the budget would be faithfully implemented in line with the determination of his administration to make Lagos work for all, irrespective of age, gender, tribe or status.

A popular Petrol Station, Organizer Filling station located at Amuko Junction, Nnewichi Nnewi Anambra State, Monday was up in flames.

According to reports, a tanker dispensing fuel and a car were destroyed in the inferno.

The Naira on Monday depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market.

Ondo State Governor, Dr. Olusegun Mimiko on Monday said there are no plans to sack workers in the state in spite of the present economic challenges facing Nigeria.

The Economic Community of West African States (ECOWAS) has been divided over the $8.94 billion European Union’s Economic Partnership Agreement (EPA). EPA is a Free Trade Agreement (FTA) designed to create free trade area between the EU and African Caribbean and Pacific (ACP) countries in which duties on goods imported and exported between the parties are reduced and eventually removed.

When oil companies fail to pay, bankers are in a fix. But, not just bankers; we are all in a fix. Shareholders of Nigerian banks, already waving off a bad 2015, will again have to endure two economic woes – low or no dividends and plummeting share prices. Currently, only two banks shares are above N15 per share: ECOBANK and GTB. None of the others is above N6 per share.

Third what are we as Africans doing to solve the problem? I announced that AfDB will increase our support for climate financing to $5 billion a year by 2020. That will make us one of the largest financiers of climate change among the development banks in the world. So climate finance in the AfDB by 2020 will represent 40 percent of all of our portfolio as I want greener Africa and the Bank is ready to support that.

Ironically, despite his well attested frugal administrative style, President Buhari has unexpectedly, pumped up recurrent budget from N3.97Tn in 2015 to N4.28Tn in 2016. The downside of this expansion is that the additional borrowing will certainly increase government activity in the capital market, so that government will invariably continue to outbid and crowd out the real sector from access to cheap loans.

Talented pop singer, Kiss Daniel has issued a statement on his loss of the highly contended ‘Next Rated’ award at The Headies which took place on January 1 at the Landmark Events Centre.