NewsReports

•$73 crude benchmark too optimistic •Falling oil prices not responsible for deteriorating economy •Expect tough times ahead •Nigeria has done many things wrong in the last four years Economists, private sector operators and bankers have concluded that the present economic woes bedeviling the country cannot be attributed to the current crash in oil prices but to the lack of monetary …

ABUJA—More reactions have continued to trail last Thursday’s invasion of the National Assembly by the police as former Chairman of the ruling Peoples Democratic Party, PDP, Alhaji Bamanga Tukur; a Senior Advocate of Nigeria, Chief Adeniyi Akintola and various groups and professional associations have condemned the invasion and called for caution. While Tukur argued that the foundation of Nigeria’s democracy …

The Federal Government has said it plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred a reversal of its 2015 budget downwards. President Goodluck Jonathan submitted the revised budget figures to lawmakers last week, proposing to spend 458.68 billion naira ($2.59 bln) on petrol subsidy in 2015, down from 971.14 …

The All Progressives Congress (APC) has warned that the reported plan hatched by the Presidency to arrest House of Representatives Speaker Aminu Tambuwal could trigger a crisis that will be fatal for the nation’s democracy, hence there is the need to jettison the plan out of abundance of caution. In a statement ,Saturday in Ijebu-ode by its National Publicity Secretary, …

IKOT-EKPENE – Commissioner of Police (CP), Akwa-Ibom State, Mr Gabriel Achon has warned that violence in the 2015 general elections in the country would be inevitable if politicians do not obey the rules governing electoral process. The Commissioner gave the warning in Ikot-Ekpene Local Government Area at a-one day sensitization workshop ahead of the 2015 general elections organized by the …

The Speaker of the House of Representatives, Aminu Tambuwal has stated that he is ready to face the Nigeria Police. The speaker was reacting to the story that the Inspector General of Police has ordered that he, Speaker, be invited to the Force Headquarters and that he be arrested if he resisted. Tanbuwal in a statement signed by his media …

Benin, Edo, Nigeria – By Oladipo Airenakho . Edo State Government has immortalized one-time Executive Secretary of the defunct Petroleum Trust Fund (PTF) and Commissioner for Education in the defunct Bendel State, Chief Tayo Akpata, by renaming the state’s College of Education, Ekiadolor Tayo Akpata University of Education. At a funeral service in honour of the late Chief Akpata last weekend, …

The Speaker of the House of Representatives, Alhaji Aminu Tambuwal on Friday paid N6.5 million to purchase the gubernatorial nomination form of All Progressives Congress (APC) in Sokoto state. The News Agency of Nigeria (NAN) reports that Tambuwal presented N5 million for the purchase of the nomination form, N500, 000 for expression of interest form and N1million for administrative charges. NAN …

The European Union (EU) and United States on Thursday urged Nigerians to work towards ensuring peaceful election in 2015. Briefing newsmen in Abuja, Mr Michel Arrion, EU Ambassador and Head of Delegation to Nigeria and ECOWAS, called on political  actors in the country to desist from using hate speeches and shun violence. “Unfortunately, we all fear some electoral violence; we …

Millions of immigrants living illegally in the US will be allowed to apply for work permits under a major shake-up unveiled by President Barack Obama. They include immigrants living in the US for five years who have children staying legally in the US. Up to five million are expected to benefit from a reform package forced through using executive orders, …