WHY NIGERIA’S DEBT PROFILE ROSE TO 19.1 TRILLION NAIRA IN MARCH

WHY NIGERIA’S DEBT PROFILE ROSE TO 19.1 TRILLION NAIRA IN MARCH

The Debt Management Office on Monday released the debt profile of the country as at March 31st 2017. This is N1.8tn increase from the N17.36tn recorded at the end of December 2016.As of March 31, 2015, the country’s total debt stood at N12.06tn. This means the debt level increased by N7.1tn in two years. Every segment of the country’s debt profile has recorded significant increases over a 2-year period, with increases ranging from 40% and…

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BREAKING: FORBES REVEALS NET WORTH OF PASTOR ADEBOYE

BREAKING: FORBES REVEALS NET WORTH OF PASTOR ADEBOYE

Forbes has revealed the net worth of the General Overseer of the Redeemed Christian Church of God, RCCG, worldwide, Pastor Enoch Adeboye. According to Forbes, his net worth is valued at between 39 to 65 million dollars. His churches give him at least two million dollars in revenue per year. Pastor Adeboye and his family own about 65 million dollars, a private jet and several houses. Forbes also revealed his three top cars ranging from…

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iOS 11 ANNOUNCED: SMARTER SISI, SMALLER VIDEOS, BETTER UI, LOUDER MUSIC

iOS 11 ANNOUNCED: SMARTER SISI, SMALLER VIDEOS, BETTER UI, LOUDER MUSIC

We knew it was coming – the new version of iOS is here and we are officially at number 11. There are major changes to Siri, AirPlay, the camera, even the trusty, old App Store. By the way, iOS 10 is on 86% of iDevices with an amazing 96% customer satisfaction. New interface One major change to the iOS interface is that the Control Center fits all controls on a single page. You can use…

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OSINBAJO, WORKING ON THE BUDGET TO ENSURE NO PADDING ERRORS

OSINBAJO, WORKING ON THE BUDGET TO ENSURE NO PADDING ERRORS

The Presidency has said that it is still working on the 2017 budget, 15 days after the National Assembly transmitted the document to the Presidency. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang on Saturday said the Presidency is working within the constitutional time-frame required to process details of the 2017 budget passed by the National Assembly. There have been reports that the Presidency may reject the fiscal…

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OPEC HEAD SAYS NIGERIA, LIBYA TO REMAIN EXEMPT. FOR NOW

OPEC HEAD SAYS NIGERIA, LIBYA TO REMAIN EXEMPT. FOR NOW

The Secretary General of OPEC, Mohammed Barkindo, believes it is too early to discuss ending the exemption from the oil production cut deal that Libya and Nigeria have been benefiting from, boosting their crude oil output in the last few months. Speaking at the St. Petersburg International Economic Forum, Barkindo said that both Nigeria and Libya still have problems to deal with, so an output cap for either is not yet on the table. He added,…

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CENTRAL BANK ARRESTS MMM OPERATORS

CENTRAL BANK ARRESTS MMM OPERATORS

Two officials of Mavrodi Mondial Movement, referred to as MMM – the official money doubler, have been arrested at the instance of the Central Bank of Ghana.The two were arrested in the process of luring unsuspecting customers to invest with them. Speaking with newsmen, the Head of Micro finance Examinations Office at the Central Bank, Patience Yeboah-Nkansah said they will ensure the culprits are dealt with according to the law. “The law empowers us that…

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SARAKI: HOW TO ATTAIN ENERGY SECURITY IN NIGERIA

SARAKI: HOW TO ATTAIN ENERGY SECURITY IN NIGERIA

Senate President, Dr Abubakar Bukola Saraki, on Friday, listed steps that need to be taken to achieve energy security in the country that would lead to a safe environment and uplift the social-economic wellbeing of the people. Saraki gave the recommendations in his speech at a one-day workshop on the State of Energy Security in Nigeria, organized by the Konrad Adenauer Stiftung (KAS) climate policy and energy security programme for sub-Saharan Africa in Lagos. He…

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SENATE PANEL OKAYS FUEL PRICE INCREASE, OTHERS

SENATE PANEL OKAYS FUEL PRICE INCREASE, OTHERS

• Motorists to pay N5 tax on one litre • Govt to maintain roads with funds • IPMAN, NUPENG oppose move A Fresh increase in the pump price of petrol is among the contents of a bill that has been approved by the Senate Committee on Works. It was presented yesterday for enactment by the upper chamber. The proposed law captioned “The National Road Fund Establishment Bill”, which is part of the 11 economic reform…

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FADAMA DESIGNED TO BOOST NIGERIA’S FOOD PRODUCTION – WORLD BANK

FADAMA DESIGNED TO BOOST NIGERIA’S FOOD PRODUCTION – WORLD BANK

Dr Adetunji Oredipe, ‎the World Bank Task Team Leader, says the Graduate Unemployment Youths Support Scheme (GUYSS) will enhance food production and create job opportunities in Nigeria. Oredipe told News Agency of Nigeria (NAN) in Abuja on Thursday that GUYSS was a new initiative of the World Bank-assisted FADAMA III Additional Financing (AF) programme. He said that the World Bank, through FADAMA III AF programme, created GUYSS to empower more than 200 youths from various parts…

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HELP CHANGE NIGERIA’S SOCIO-ECONOMIC SITUATION – A.G. PRESIDENT OSINBAJO TO SIP EXECUTORS

HELP CHANGE NIGERIA’S SOCIO-ECONOMIC SITUATION – A.G. PRESIDENT OSINBAJO TO SIP EXECUTORS

Acting President Yemi Osinbajo has urged executors of the Social Investment Programmes (SIPs) of the Federal Government to ensure their activities change the current socio-economic situation in the country. Osinbajo said this in Abuja on Tuesday while receiving a portal donated by the management of the First City Monument Bank (FCMB) for use in the monitoring and evaluation of the School Feeding Programme under the SIP. The acting President stated that the private sector has…

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