Category Archives: National

Sterling Bank, six others get Moody’s National Scale Ratings

Global rating agency Moody’s Investors Services has assigned national scale ratings (NSRs) to Sterling Bank Plc and six other Nigerian banks. This rating action, according to a statement from Moody’s, follows the publication of new national scale rating maps for Nigeria, Kenya and Morocco, which provide a measure of relative

Supporters of national assets sale are economic predators —Sani

The senator representing Kaduna Central Senatorial District, Shehu Sani, has described those calling for the sale of national assets as economic predators. Senate President Bukola Saraki had on Tuesday recommended the sale of some national assets and the utilisation of the proceeds for the development of infrastructure. Saraki had said,

Fayose accuses APC of fuelling crisis in PDP

Ekiti State Governor. Mr Ayodele Fayose has accused the ruling All Progressives Congress (APC) of fuelling the Peoples Democratic Party (PDP) in order to whittle down the influence of opposition in the country.

PDP must be kept alive, says Agbaje

Mr Jimi Agbaje, governorship candidate of the Peoples Democratic Party (PDP) in Lagos for the 2015 election, said on Wednesday that the party would remain alive in spite of internal problems.

EFCC okay to investigate alleged budget padding, says Sani

Sen. Shehu Sani (APC-Kaduna) has expressed support for the move by Economic and Financial Crimes Commission (EFCC) to investigate the alleged padding of the 2016 budget.

Three killed in Jigawa building collapse

No fewer than three persons were killed in a building collapse, following a torrential rain in Guri Local Government Area of Jigawa on Tuesday.

Police seals venue of PDP’s convention

Rivers Commissioner of Police, Mr Francis Odesanya, has said that the police prevented people from entering Sharks stadium, venue of the Peoples Democratic Party`s (PDP) national convention due to court order.

Governors, monarchs, ministers to hold crisis meeting on Niger Delta

Leaders from Rivers, Delta, Akwa Ibom, Edo, Bayelsa and Cross River States are scheduled to meet and find solution to continued unrest and destruction of critical oil infrastructure by militant groups in the Niger Delta.

NDIC boss to speak at LAPO conference today

The Managing director of the Nigerian Deposit Insurance Corporation (NDIC), Umaru Ibrahim, will today, deliver a keynote address at the 2016 LAPO Institute Conference on Microfinance and Enterprise ...

Nigeria to experience annular eclipse on September 1

Nigeria is set to experience an annular solar eclipse that will be visible all over the country with different degrees of totality on September 1, 2016, even as astronomers ...

Why OPEC members are cutting petroleum prices

The current practice by the Organisation of the Petroleum Exporting Countries (OPEC) members of cutting the prices of their crude oil goes beyond just retaining market share.

Crisis over PDP national convention rages

This was the question on the lips of millions of Nigerians yesterday as the leadership drama in the party continued with yet two opposing court judgments that have further torn the PDP apart.

IGP enlists eminent persons to fight crime

The Inspector-General of Police (IGP), Idris Ibrahim, has inaugurated the Imo State branch of the eminent persons’ forum, consisting of monarchs, religious groups and others.

Companies are evading two per cent Education Tax, says TETFund

The Federal Government has disclosed that many companies operating in Nigeria are not remitting their statutory two per cent profit into the Education Tax Fund.

Reps lack power to insert projects into budget, says SERAP

The Socio-Economic Rights and Accountability Project (SERAP) has told the Speaker of the House of Representatives, Yakubu Dogara that there is absolutely no constitutional provisions ...

Military ‘proves’ no Chibok girl killed by airstrikes

Authorities of the Nigeria Air Force (NAF) have denied claims in a recent video by Boko Haram that some of the Chibok Girls were killed in aerial bombardments.

Parents fault cancellation of PTA levy in Unity Schools

Parents Teachers Association of Federal Government Colleges in the South West region of the country has faulted government cancellation of PTA development levy. It said this would lead to the sack ...

Bolori, Wakil were unwilling to give information on Boko Haram, says army

The Nigeria Army said two of the three persons declared wanted were unwilling to disclose credible information they possess about Boko Haram operations.

Hydro plants boost electricity generation to 3,686.3mw

Nigeria has managed to attain electricity generation and supply of 3,686.3MW after several months of blackout occasioned by cut in gas supply to power plants.

Obasanjo urges journalists to promote unity, check government excesses

Former President Olusegun Obasanjo has urged journalists to use their profession to promote national unity.