NewsReports

ABUJA— President-elect, Major-General Muhammadu Buhari (retd), has said that he is currently at a loss on how best to tell Nigerians that his promise of turning the economy around quickly upon assumption of office on May 29 may not be feasible after all. Buhari premised his fear on the perception that the economy has been battered by the outgoing government …

ABUJA — The Minister of Finance and Co-ordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, yesterday, put to rest fears of immediate removal of fuel subsidy, as she confirmed that N145.2 billion provision was made for it in 2015 budget. Speaking to newsmen in Abuja, she said: “I want to clarify that there has been some misinformation that has gone …

LAGOS — President Goodluck Jonathan has intervened in the open war between his aides and the National Working Committee, NWC, of the Peoples Democratic Party, PDP. The President’s intervention during a closed-door meeting with the NWC members followed strident calls for the resignation of the national chairman of the party, Alhaji Adamu Mu‘azu and other NWC members for purportedly leading …

Governors of the All Progressives Congress are meeting with the President-elect, Muhammadu Buhari, in Abuja on Tuesday. The meeting, it was gathered, would be the first to be attended by the governors jointly since the conduct of the March 28 presidential election which Buhari won. One of the governors, who spoke on the condition of anonymity with our correspondent in …

In this interview, Mr. John Patrick Egesi, President/Chairman, Nigerian Institute of Shipping and political analyst explains why Igbo’s would always vote in gratitude to those who have been fair to them. Egesi spoke against the backdrop of the statement by Oba Rilwan Akiolu that the Igbo in Lagos should vote the APC candidate ahead of the April 11 gubernatorial poll …

Boko Haram fighters killed older boys and men in front of their families before taking women and children into the forest where many died of hunger and disease, freed captives told Reuters on Sunday after they were brought to a refugee camp in Yola, Adamawa State. The Nigerian army rescued hundreds of women and children last week from the Islamist …

In this interview, Mr. Rasheed Olaoluwa, Managing Director/CEO Bank of Industry (BoI), justifies why governments and the citizens should patronize Nigerian manufacturers of high quality products instead of imported goods. You have toured the Momas Electricity Meters Manufacturing facility, what is your assessment of the state of the infrastructure and equipment on the ground? We just finished the factory tour …

Fuel scarcity being experienced in some parts of the country had resulted in a sharp increase in pump price of the product in Iseyin Council Area of Oyo, from the official price of N87 per liter, to N250. A survey by the News Agency of Nigeria (NAN) on Saturday indicated that while most of the filling stations in the town …

The Nigeria Labour Congress, NLC, yesterday condemned the sealing of the National Stadium, Surulere to prevent workers from celebrating yesterday’s Workers’ Day, warning the new acting Inspector General of Police, IGP, Solomon Arise to learn from the misadventures of his predecessors by operating within the ambit of the law. It also demanded N90, 000 as minimum wage for workers in …

Workers yesterday grumbled in some parts of the country over the inability of their out-going governors to pay arrears of salaries owed them, lamenting that the situation had compounded their problems. In Benue and Plateau States, the workers who celebrated the May Day said that Governors Gabriel Suswam and David Jang respectively owed them six months arrears of salaries while …