Business

The shut-ins and shutdowns of some terminals by the Nigerian National Petroleum Corporation led to another monthly drop in the gross oil revenue that comes to the federation. Latest data from the Central Bank of Nigeria showed that the country’s oil receipts dropped to N410.18bn in May 2019, shedding N62.2bn …

Despite analysts’ predictions that the performance of the nation’s stock market would begin picking up in the second half of the year, investors have recorded losses totalling N291bn in the four days since the second half of the year began. The market, which opened the new half at a value …

As reactions continue to trail the federal government’s proposal for establishment of Ruga settlements in some states, the South East Governors Forum has disclosed its proposed deal with the members of the Miyetti Allah as panecea to achieving lasting peace among farmers and herdsmen. Chairman of the South East Governors …

On 6th February 2014 the leader of IPOB and the lion of the East, my friend and brother Mazi Nnamdi Kanu, said the following, “As they campaign vigorously for elections, you would think, they are coming to grow the economy, enthrone justice, breed unity and tolerance, love for one another. …

The Federal Government has announced its plan to phase out completely, all old versions of Yellow Card and replace with a new e-Yellow Card with effect from Monday, July 1. Permanent Secretary, Federal Ministry of Health, Abdulaziz Abdullahi, who disclosed this in Abuja, said the introduction of the new e-Yellow …

Rwanda on Friday rolled out the East African Community (EAC) electronic passport in an effort to boost faster border clearance as well as part of a wider regional strategy to enhance integration. Rwanda now joins other EAC states—Uganda, Kenya and Tanzania—that have already issued the electronic passport to their citizens. …

The Office of the Vice-President and Miyetti Allah Cattle Breeders Association of Nigeria disagreed over the implementation of the controversial Ruga settlement initiative. While MACBAN’s General Secretary, Baba Ngelzarma, claimed on Sunrise Daily, a programme on Channels Television, on Friday that Vice-President Yemi Osinbajo’s office was helping Fulani herdsmen to …

Despite the harsh criticism of the planned establishment of Ruga settlements across the country, the Federal Government is set to commence the pilot phase of the project in Taraba, Adamawa, Plateau, Kaduna and seven other states, investigations have confirmed. It was learnt in Abuja on Friday that the execution of …

The General Secretary of the Miyetti Allah Cattle Breeders Association of Nigeria, Baba Uthman Ngelzarma, says Vice-President Yemi Osinbajo’s office is helping the herdsmen to create Ruga settlements across the country. Ngelzerma boasted that when the programme has been successfully completed, Nigerians would fully enjoy the benefits of animal husbandry. …

A recent report of the slump in the price of crude oil to about US $60 from almost US $70 per barrel has really become worrisome for Nigeria’s implementation of the 2019 budget, despite some development in the Persian Gulf, which should not be a source of inspiration, after all. …