NewsReports

BY ALLTIMEPOST.COM Emerging market economies like Nigeria witnessed considerable outflow of funds from the stock exchange during the 2008-2009 global financial crisis, as foreign investors divested their assets, leading to a corresponding depreciation of the Naira from N117 to N135 per dollar. The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele gave the explanation in a lecture titled: Beyond the Global …

BY ALLTIMEPOST.COM Edo State Governor, Mr. Godwin Obaseki has warned that Nigeria must grow a self-sufficient economy through increased productivity and less dependence on importation to be able to withstand shocks from global financial crises. The governor gave the warning while speaking at the 3rd Eminent Persons’ Lecture Series, held at the University of Benin, Ugbowo, Benin City, Edo State …

Angered with the killings in Kastina on Tuesday, President Muhammadu Buhari, Wednesday instructed the Acting Inspector General of Police, Mohammed Abubakar Adamu and Chief of Defence Staff, General Abayomi Gabriel Olonisakin to intervene immediately in the state, and bring a feedback, noting that the state must be secured at all cost. Buhari, who had just returned from Saudi Arabia, specifically, …

President Muhammadu Buhari has asked ministers to continue in office until Tuesday next week, a day to his inauguration for a second term as Nigeria’s president. He also ordered the ministers to submit their handover letters to the Secretary to the Government of the Federation (SGF). Speaking during a valedictory Federal Executive Council (FEC) meeting at the State House, Abuja, …

President Muhammadu Buhari has stated why he retained all the ministers he appointed since coming to office. Speaking at the Wednesday valedictory meeting of the Federal Executive Council, the President extolled the virtues of his cabinet, and thanked them for their contributions to his administration. Buhari noted that except for those who resigned for personal reasons and a minister who …

The President of the Court of Appeal, Justice Zainab Bulkachuwa, on Wednesday, withdrew as a member of the Presidential Election Petition Tribunal. This followed allegations of likelihood of bias leveled against her by the Peoples Democratic Party, and its presidential candidate, Atiku Abubakar. Although the five-man panel of the tribunal, in a unanimous ruling dismissed the application, Bulkachuwa said she …

By Bob MajiriOghene Etemiku Barely 72 hours after Alltimepost publication of the story: Comatose ADP: Why its Failure Will Mar Obaseki’s 200,000 Job Creation Plan, our correspondent in Benin City who anchored the special report received a phone call from Peter Aikhuomobhogbe, Program Manager of the state agricultural agency. Prior to the publication of the story, Mr. Aikhuomobhogbe had agreed …

Benin City, Nigeria – Civil Empowerment & Rule of Law Support Initiative, CERLSI, has urged the Central Bank of Nigeria (CBN) to expedite modalities leading to the successful takeoff and implementation of its Creative Industries Financing Initiative (CIFI), intended to benefit Nigerians with skills in the fashion, movie making and distribution channels, info tech, music and software engineering.  Bob MajiriOghene Etemiku, …

Edo State Governor, Mr Godwin Obaseki, has dismissed rumors of in-fighting in the Edo State Chapter of the All Progressive Congress (APC), noting that “the fake news is the handiwork of few individuals who want the party to put them first above the interest of everyone else.” The governor stated this on Monday during an enlarged meeting with APC leaders …

Edo State Government has urged Edo people and Nigerians to disregard the schemes of a few greedy individuals who have been angling to corner the state’s resources for themselves through the dissemination of fake news and rumors in the media. In a statement, Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr Crusoe Osagie, said those …