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Otedola To Sell Forte Oil Shares, Exit Fuel Business​

Nigerian businessman, Femi Otedola, has agreed to sell the entirety of his 75 per cent direct and indirect shareholdings in Forte Oil. In a letter sent to the Nigerian Stock Exchange and signed by Akinleye Olagbende, the general counsel of Forte Oil, Otedola said he was divesting from the company in order to “explore and […]

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Buhari slams wife over cabal allegations, demands evidence

President Muhhamdu Buhari has demanded evidence for the insinuation that his government is being run by a cabal. He made this demand in an interview with Voice of America, Hausa. The President’s wife, Aisha Buhari, during an interview with British Broadcasting Service, Hausa, had first alleged that her husband was being controlled by a cabal. […]

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MTN pays $52.6m to end dispute with Central Bank of Nigeria

The Central Bank of Nigeria has asked MTN Nigeria to pay $52.6m in settlement of the $8.1bn foreign exchange repatriation dispute. The African telecoms giant and the CBN, in separate statements issued on Monday, said that the agreement was reached after several intensive engagements in Lagos. MTN said the settlement was based on the realisation […]

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Atiku apologises, says I didn’t call slain officer’s wife

The Presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, says he did not call Seun, the wife of the late Lt. Col Ibrahim Sakaba, one of the 44 soldiers killed by Boko Haram insurgents during an attack on 157 Task Force Battalion in Metele, Borno State last month. In a statement on Monday, […]

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2019: Vote based on records of candidates, not promises, US tells Nigerians

Ahead of the 2019 general elections, the United States Ambassador to Nigeria, Stuart Symington, has urged Nigerians not to vote based on promises but on the record of those making promises. Symington said this in a video while wishing Nigerians a Merry Christmas. He urged Nigerians to remember that their future is in their hands […]

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In Nigeria, Hampers, decoration makers cry out over low patronage

The Christmas and New Year celebration is fast approaching but traders in hampers and decoration items in Oyo State are lamenting over low patronage. A cross section of those who spoke with the News Agency of Nigeria (NAN) at Aleshinloye, Dugbe and Ogunpa markets in Ibadan, said sales had been low since the beginning of […]

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Nigeria is finished if Buhari remains for another four years, says Peter Obi

Peter Obi, vice-presidential candidate of the Peoples Democratic Party (PDP), says Nigeria’s economy will keep “bleeding” if President Muhammadu Buhari remains in power for another four years. Speaking in Lagos on Saturday, Obi made reference to the 2019 budget Buhari presented to the national assembly on Wednesday. According to him, Nigeria will not survive if […]

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Buhari not interested in credible election, says Atiku

The presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, has said President Muhammadu Buhari, who is also the candidate of the All Progressives Congress, is not interested in ensuring free, fair and credible elections in 2019. Atiku’s party, the PDP, also accused the President of planning to extend the service of the Inspector […]

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2019 Elections: Nigerian Politicians stockpiling arms in Niger Delta – Militants

The Coalition of Niger Delta Agitators has accused some politicians in the country of stockpiling arms and ammunition in the oil producing region ahead of the 2019 general elections. The militants said the move was aimed at creating mayhem in Niger Delta states, particularly in Rivers, Bayelsa and Akwa Ibom. A statement  by leaders of […]

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Minimum wage: Nigeria Labour Congress plans nationwide protests Jan 8

The Nigeria Labour Congress says it will embark on a nationwide mobilisation of Nigerian workers to protest the Federal Government’s delay in implementing a new national minimum wage of N30,000. It also urged the Economic and Financial Crimes Commission to investigate allegations of diversion of the bailout fund, Paris Club refund, as well as all […]

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Buhari must win in 2019… – Osinbajo

Vice President Yemi Osinbajo, on Saturday, restated that the victory of President Muhammadu Buhari in the 2019 presidential election would guarantee the South-West a shot at the Aso Rock Presidential Villa in 2023. Osinbajo, who went on a house-to-house campaign in Oyo-Alaafin and held a 45-minute closed-door meeting with the Alaafin, Oba Lamidi Adeyemi, said […]

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Nigerian soldiers lobby against North-East postings as Boko Haram attacks escalate

Nigerian soldiers have begun intense lobbying to escape deployments into the North-East, following the escalating wave of Boko Haram attacks on military formations in the region, Saturday Punch investigations have revealed. Multiple military sources confirmed to Saturday Punch that as part of the fallout of the Boko Haram attacks on military formations in Metele, Kangarwa, Malumfatori and Arge areas […]

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Nigerian government reacts after Saraki dismissed 2019 budget as ‘hopeless’

The Nigerian government has reacted to Senate President Bukola Saraki’s description of the 2019 budget as ‘hopeless’, saying the executive will not exchange words with the legislature. This position was stated by Minister of Information and Culture, Lai Mohammed, while speaking with State House correspondents Friday afternoon. He also said the executive has fulfilled its […]

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EFCC ‘recovers N1 billion’ at Enugu Airport

Anti-graft officials in Enugu on Friday announced the arrest of two suspected money launderers who were trying to convey a huge amount of cash through the international airport there. The suspects were arrested with $2.8 million (over N1 billion at N360 a dollar) at the Akanu Ibiam International Airport, EFCC spokesperson Tony Orilade said in […]

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Buhari’s 2019 budget a hopeless document – Saraki

The Director General of the PDP Presidential Campaign Council and Senate President, Bukola Saraki,  has described the 2019 budget presented to the National Assembly by President Muhammadu Buhari as a hopeless document. Saraki asked Nigerians not to expect much from the appropriation bill even if it is signed. He stated this at an interactive session […]

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2019: Nigerian farmers donate N1.7bn for Buhari campaign

The Rice Farmers Association of Nigeria (RIFAN) and Fertilisers Producers and Suppliers Association of Nigeria (FEPSAN) have donated N1.77 billion to the campaign of President Muhammadu Buhari who seeks a second term in 2019. The donations were announced Wednesday night during a Gala Night organised by beneficiaries of the government’s Anchor Borrowers Programme which held […]

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86.9 million Nigerians now living in extreme poverty

The United Nations Commission for Africa (UNECA) says 600 million people globally will start 2019 living in extreme poverty and only 20 million will come out of this situation by the end of the year. This is contained in UNECA’s latest publication on poverty entitled “Africa Poverty Clock”, made available to the News Agency of […]

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Trump Orders Full Withdrawal Of US Troops From Syria

President Donald Trump has ordered the withdraw of all United States troops in Syria. A US official made the disclosure on Wednesday, after President Donald Trump claimed America has “defeated ISIS” in the war-ravaged country. The stunning move will have extraordinary geopolitical ramifications — and plunges into uncertainty the fate of US-backed Kurdish fighters who have […]

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