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The naira continued its slide yesterday as the Central Bank of Nigeria (CBN) sold $400 million at 156.91 naira to the dollar at its bi-weekly foreign exchange auction. This was short of the $736.94 million demanded by authorized dealers. Pronouncements...
Say it will remove distortions, rent-seeking from economy - The proposed removal of fuel subsidy by the Federal Government has been applauded by local and international analysts, saying the move, if ratified by the National Assembly will reduce distort...
Nigeria lost N153 billion to low capacity utilisation in the paper sector between 2006 and 2009 says Prof. Peter Onwualu, Director-General, Raw Materials Research and Development Council (RMRDC). Onwualu told the News Agency of Nigeria (NAN) on Monday ...
Nigeria’s foreign reserves slipped to its lowest level in three months, closing last week at $31.318 billion. The last time the reserves reached this region was on July 5 when it closed at $31.581 billion and thereafter peaked at $35.071 on Septe...
Being text of presentation by former FCT Minister, Malam Nasir el-Rufai, at the biennial conference of the Nigerian Guild of Editors in Benin, Edo State, recently So assuming that they manage to pass another seven bills before the end of this year, it ...
The Delta command of Federal Road Safety Commission (FRSC) has said that no fewer than 11, 857 offenders in the state were arrested for 13,438 traffic offences between April and September. The Sector Commander, Mr Luka Ikpi, gave the figures in an inte...
The security situation in the country has degenerated to the extent that public functions are now held in secluded places amidst tight security. ROSE ADAH reports that governments seeming inability to handle the situation may have left ordinary Nigeria...
A National Youth Service Corps (NYSC) member, serving in Sokoto State, Mr. Okereke Franklin has renovated a block of three classrooms at the Shabra primary school in Yabo local government area of the state, at the cost of N550,000. The Batch “C&r...
Nigeria is blessed with abundant raw materials, yet its economic growth is not encouraging. A recent report showed that poor utilisation of its local raw materials is a contributing factor. CHINYERE AMALU writes. Over dependence on the imported raw mat...
What is your assessment of this country? To me, I will say I knew Nigerian colony of British Empire. And independence was granted to us, it’s not easy to say what we have gone through but my description of Nigeria is that Nigeria is like an old m...
FRANCIS AGBO (Abuja) and OSA OKHOMINA (Yenagoa) chronicle the electoral deficits of Governor Timipre Sylva ahead of the 2012 governorship polls in Bayelsa State. In Bayelsa State, the fear of Famou Tengbei used to be the beginning of wisdom until recen...
SAKIN BABALOLA in Ibadan writes on the intrigues trailing the death and burial of Chief Kolapo Ishola, former governor of Oyo State. Williams Shakespeare, it was, who says in Julius Caesar that when beggars die, there are no comments seen but “he...
Former speaker of the House of Representatives, Hon. Dimeji Bankole may have stirred the hornet’s nest with his alleged purchase of his official residence for N45m and his reported deal to rent it to his successor, Hon Aminu Tambuwal, for N40m. T...
Reforms in the Nigerian maritime sector have been kick-started. The minister of finance, Dr. Ngozi Okonjo-Iweala, yesterday reduced agencies at the nation’s seaports to six, cutting off eight from having any permanent presence at the ports. This ...
The National and State House of Assembly Election Tribunal sitting in Abeokuta on Monday dismissed the petition filed by former Speaker, House of Representatives Dimeji Bankole of the Peoples Democratic Party (PDP). The News Agency of Nigeria (NAN) rep...