NewsReports

The Economic and Financial Crimes Commission has said the governorship candidate of the Peoples Democratic Party in Edo State, Pastor Osagie Ize-Iyamu, is still under investigation for his alleged role in the disbursement of N23bn campaign funds, which emanated from a former Minister of Petroleum Resources, Diezani Alison-Madueke. The N23bn was alleged to have been part of stolen crude oil …

Former and present Group Managing Directors of the Nigerian National Petroleum Corporation have expressed fears that the current pump price of N145 per litre is no longer feasible. They said the amount does not correspond with the price-determining components of the commodity and the fluctuations of the foreign exchange rate. They stated this after a one-day meeting they held with …

A former President of the Nigerian Bar Association, Mr. Rotimi Akeredolu has emerged as the candidate of the All Progressives Congress for the November 26, 2016 governorship election. Akeredolu who was the candidate of the defunct Action Congress of Nigeria in the 2012 governorship election, scored 669 votes in a governorship primary held at the International Event Centre, Akure, the …

The Presidency has said that prior to the confirmation by the National Bureau of Statistics that Nigeria was now officially in recession critical measures were already ongoing to get the country out of the prevailing economic decline. As a direct response to the fiscal crisis, it said the Federal Government and its agencies were now focusing on agriculture, solid minerals, …

Co-founder and the Chief Executive Officer of social networking website, Facebook, Mark Elliot Zuckerberg has said that Nigerians were highly gifted in the Information Communications Technologies, ICT. He said this after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja. The computer guru said he was impressed by the interest, energy and entrepreneurial spirit displayed by young Nigerians in …

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, said that the introduction of the Treasury Single Account (TSA) was the best and boldest monetary policy decision any administration in the country had so far taken. Emefiele, while delivering a lecture to participants of the Senior Executive Course 38 of the National Institute of Policy and Strategic Studies in Kuru, …

Hit by the current economic recession in the country, most money deposit banks and insurance firms have slashed their workers’ salaries by between 20 and 50 per cent. Investigations by Saturday PUNCH revealed that Diamond Bank Plc, Heritage Bank Plc, Zenith Bank Plc, First Bank Plc and Wema Bank Plc have reduced their workers’ salaries as of August 31, 2016. …

President Muhamamdu Buhari on Thursday assured Nigerians that despite the various current challenges facing the country, Nigeria would be great again under his watch. Buhari gave the assurance while speaking with Muslim leaders in Osun State shortly after joining them in the Zuhr prayer held inside the Government House after he inaugurated the N1.35bn Osogbo Government High School. The President …

A factional national chairman of the Peoples Democratic Party, Senator Ali Modu Sheriff, on Friday, in Abuja, asked the Independent National Electoral Commission to recognise his candidate, Mr. Mathew Iduoriyekwemwen, as the party’s candidate f‎or the September 10, Edo State governorship election. He said that Iduoriyekwemwen remains the “authentic” candidate of the party and not Pastor Osagie Ize-Iyamu, who is …

By Alltimepost.com WASHINGTON – 2016 — United States Defense Secretary Ash Carter will travel to the United Kingdom and Norway Sept. 6-9 to meet with top officials from the two longstanding NATO allies, Department of Defense officials said today in a statement. Carter and U.K. and Norwegian leaders will participate in discussions regarding U.N. peacekeeping operations and to update counterparts …