Friday, 23 September 2016
Breaking: Rachael, wife of Bayelsa Gov Dickson gives birth to quadruplets!!!
Governor Henry Seriake Dickson and family may have to continue in celebration as after many years of childlessness, his wife and First Lady of Bayelsa State, Dr. Rachael Dickson delivered of a quadruplet – a bouncing baby boy and three baby girls. It is gathered that the mother and children are doing very well.
Gov. Rochas Okorocha rewards Imo indigenes who won gold at just concluded Rio 2016 Paralympics (Photos)
Imo State Governor, Rochas Okorocha has rewarded 3 Imolites who won gold medals in the Rio 2016 Paralympic
Commissioner for Public Safety, Youth and Sports, Rodney Ajaelu,
yesterday, Sept. 22, presented the paralympics gold medalists, Roland
Ezurike, Nwosu Ndidi and Orji Josephine Precious to the Governor who
honoured them with a brand new car and one million Naira each.
Handsome throwback photos of Pastor Williams Kumuyi
Pastor W.F Kumuyi was born into a Christian family
in Erin-Ijesha, Osun State, Nigeria. He completed his secondary school
education in 1961, and in 1962 started teaching mathematics at Mayflower
School in Ikenne, Ogun-State, from where he proceeded to the University
of Ibadan and in 1967 graduated with a first-class honours degree in
mathematics. He became a born-again Christian in April 1964.
Major tragedy averted as truck runs into bus and building in Anambra State (Photo)
According to witness of the whole scene who spoke to ABS, the driver of the truck had issues with the steering wheel, swerved and slammed into a bus packed
outside a compound before crashing into the wall of the building.
Ver Funny!!! Man packs his things, says he's leaving this country because of the current country's condition

lol
Doctor removes Herdsman’s kidney in Adamawa thinking it's tumour
The governor of Adamawa State, Gov. Muhammadu Bindow has personally intervened in a situation involving a doctor in a private clinic in Yola who conducted a surgery on Hamman, a 23-year-old herdsman from Fufore Local Government Area in Adamawa state where he removed his kidney after mistaking it for tumour.
Thursday, 22 September 2016
Sexually starved Kenyan man ejaculates on a lady's body In A Bus (Video&Photo)
Wednesday, 21 September 2016
We Must Fight Corruption For Its Damage On Nigeria Economy - VP Yemi Osinbajo
As released from the office of the Vice President of Nigeria.
OFFICE OF THE VICE PRESIDENT
PRESS RELEASE
WE MUST FIGHT CORRUPTION FOR ITS DAMAGE ON NIGERIA ECONOMY - VP
It is important that Nigerians insist that the problem of corruption must be dealt with considering the extent of the damage it has caused the country's economy.
Vice President Yemi Osinbajo, SAN, made the assertion today while receiving a delegation of the University of Lagos Alumni Association that paid him a courtesy call at the Presidential Villa.
"We've watched corruption fighting back, some people even said bring back corruption, but not the man on the street," according to Prof. Osinbajo who added that the nation has witnessed excessive corruption.
Said he : "No economy can tolerate the level of corruption seen in Nigeria without consequences. Look at the Northeast, while a war is going, Nigerian lives being lost, some local governments had been taken over, and yet people cannot account for $15B meant for security equipment purchases."
"The corruption has been so much. Look at the sheer amount of money stolen and decisions taken that fuels corruption, decisions taken just with the sole aim of cornering national resources," the Vice President lamented.
While explaining the Buhari administration's approach to the fight against corruption, the Vice President noted that "we are not sitting down focussing on it, all we do is to empower the relevant agencies EFCC and co to do their jobs. Our main focus is the national economy."
Continuing he said "what catches our attention is the kind of discoveries we get and hear of daily." But he observed that Nigeria is still blessed with honest people, adding that as a nation it is important to pay serious attention to issues of integrity.
According to him, regarding the current government, "I can say is one that is completely focussed on dealing with issues that concerns this country. I work everyday with the President so I can say so. He is totally focussed on how to make this country a better place to live."
The UNILAG Alumni Association was led by Dr. Sunny Kuku who noted the group's support for the Buhari administration, expressing readiness to assist in any way necessary. He said the members of the Alumni Association were proud that one of them rose to the high office of the Vice President. Prof. Osinbajo said he was glad to receive the group in his office and grateful to be honored with the Distinguished Alumni Award.
Laolu Akande
Senior Special Assistant-Media & Publicity
In the Office of the Vice President
Sept 20, 2016
FG, States, LGs Share N510bn As Revenues Ramp Up For August
The three Tiers of government in Nigeria which include the Federal, States and Local Governments yesterday shared a total of N510,270 billion for the month of August as revenues ramped up on account of collections from duties as well as Value Added Tax (VAT).
The Finance Minister,Kemi Adeosun yesterday while announcing the distribution at the monthly Federation Account Allocation Committee (FAAC) meeting in Abuja said that the amount when compared to the N493.82bn shared in the month of July represents an increase of N16.4bn.
The gross statutory revenue for the month under review was disclosed as N315,045 billion which was higher than the N287,819 billion received in the previous month (July) by N27.226 billion.
According to the Finance minister, from the Net Statutory Allocation shared, the Federal Government received N149.310 billion, state governments received N75.732 billion, Local governments received N58.386 billion while the oil producing states received N20.293 billion as 13 per cent derivation.
Crude oil export volume also increased by 2.2 million barrels in May, 2016 despite the brief Force Majeure declared at Qua Iboe and Bonny Terminals and a subsisting Force majeure at Forcados Terminal.
According to the communique issued at the end of the FAAC meeting, “there was $109.40 million revenue increase in Federation Export Sales as a result of the increase in average price of Crude Oil from $42.21 in April to $46.06 per barrel in May, 2016.
“A rise in the volume of dutiable imports contributed significantly to the increases recorded by Import Duty and VAT. Increase in Petroleum Profit Tax (PPT) collections was attributed to receipts from NPDC and Joint Venture Operators.”
The communique further revealed that the sum of N6.330 billion was refunded by NNPC to FG while a total of N84.263 billion was declared as Excess gain.
The Minister also announced that the balance of the excess crude account, currently stands at $2.91bn. During the interactive session with Journalists, she hinted that majority of the states owing salaries have started paying up and that FG is satisfied about the result they are getting lately and how they being able to begin to fulfill their obligations to the people.
FG To Sell 6 Of Its Famous Assests To Tackle Recession. SEE THEM HERE.
A report by News Telegraph suggests the federal government of Nigeria has concluded plans to sell the nation’s critical assets in order to raise $15 billion to rescue the country out of economic recession.
Sen. Udo Udoma:
The report quoted the minister of budget and national planning, Senator Udoma Udo Udoma, confirming the plan at a cabinet retreat hosted at the presidential villa, Abuja.
The federal government has been under pressure for a while to sell of some its assets to raise money to tackle Nigeria’s financial crisis.
Alhaji Dangote:
Three days ago, Africa’s richest man, Alhaji Aliko Dangote, joined the calls as he advised the government to embark on a wave of asset selling to boost Nigeria’s recession-hit economy.
Godwin Emefiele:
The Central Bank Governor also lend his voice to the arising issue.
His words: “In the short run, we can sell assets. Before the government came on board, I had opined that there was need for the government to scale down or sell off some of its investments in oil and gas, particularly in the NNPC and NLNG as at that time when the price of oil was around $50-$55 per barrel.
“We actually commissioned some consultants that conducted the study and, at the end of that study, we were told that if we sold 10% to 15% of our holding in the oil and gas sector, we could realise up to $40 billion.”
Sen. Bukola Saraki:
Yesterday, September 20, Senate president Bukola Saraki, at the resumption of the red chamber’s plenary, urged President Muhammadu Buhari to sell some important national assets as a means of boosting the nation's dwindling foreign reserves. Senate President Bukola urged President Buhari to go ahead and sell the assets
His words: “The executive must raise capital from asset sales and other sources to shore up foreign reserves. This will calm investors, discourage currency speculation and stabilise the economy.
“The measures should include part sale of NLNG Holdings; reduction of government’s share in upstream oil joint venture operations; sale of government stake in financial institutions e.g. Africa Finance Corporation; and the privatization and concession of major/regional airports and refineries.”
These are some of the asset considered to be up for sale according to NAIJ.com
Read below:
- 1. Government shares in Joint Venture Companies (JVCs)
- 2. Government shares in Nigeria Liquefied Natural Gas (NLNG)
- 3. Some aircraft in the presidential fleet
- 4. Kaduna refinery
- 5. Warri refinery
- 6. Port Harcourt refinery
Monday, 19 September 2016
Photos: Pres. Buhari arrives New York ahead of the 71st session of the UN General Assembly
Buhari is pictured on arrival with Governors of Lagos and Zamfara state, Akinwunmi Ambode and Abubakar Yari. More photos as you continue.
Recession: Investment Inflow Shrinks By N642bn Under Buhari
The Nigerian economy recorded a total decline of $2.1bn in investment inflow in the first 12 months of the administration of President Muhammadu Buhari.
The $2.1bn, when converted based on the N305.5 per dollar official exchange rate of the Central Bank of Nigeria, translates to about N642bn.
Investigations by our correspondent showed that since July 2015, the country had been experiencing persistent decline in the value of direct and portfolio investments.
An analysis of the capital importation report obtained by our correspondent from the National Bureau of Statistics revealed that the country attracted a total investment inflow of $2.75bn in the third quarter of 2015.
However, owing to the harsh operating environment coupled with exchange rate uncertainties, the inflow had declined by $2.1bn to $647.1m at the end of June this year.
The report stated that all the three major components of investment such as Foreign Direct Investment, portfolio investment and other investments recorded huge declines in the one-year period.
In terms of FDI inflow, an analysis of the report showed that the economy attracted the sum of $717.72m as of the third quarter of 2015.
The inflow, according to the report, dropped to $133.02m at the end of the second quarter of this year.
For portfolio investment, which is made up of equity, bonds and money market instruments, the report stated that the sum of $1.09bn was invested in the third quarter of last year.
The $1.09bn investment, it added, dropped by $673.68m to $245.32m at the end of June this year.
For other investments made up of trade credits, loans, currency deposits and other claims, the report stated that the sum of $1.02bn was invested in the economy as of the third quarter of last year as against $268.77m in June this year.
The NBS attributed the decline in investment to the harsh economic climate, stating that the investment attracted within the first six months of this year was the lowest in Nigeria’s history.
It said, “The continuing decline in the value of capital imported into the economy is symptomatic of the difficult period that the Nigerian economy is going through.
“The second quarter saw the economy enter into the first recession during the rebased period, according to the technical definition of two consecutive periods of decline.
“This may suggest less profitable opportunities for investment. In addition, in the second quarter, there was considerable uncertainty surrounding future exchange rate policy, which may have deterred investors.”
Commenting on the drop in investment inflows into the country, financial analysts said the current fiscal and monetary policies of the government were not friendly to investors.
The President, Abuja Chamber of Commerce and Industry, Mr. Tony Ejinkeonye, told our correspondent that a lot of investors were unwilling to bring in their funds due to the tough economic environment in the country.
He said the tough operating environment had led to the closure of so many companies in Nigeria, adding that there was a need for the government to address the structural challenges, which had made the operating environment hostile.
He listed some of the areas that were scaring away investors to include uncertainty in the foreign exchange market, hostile business climate, infrastructure deficit and the absence of adequate incentives to attract investors into key sectors of the economy.
Ejinkeonye told our correspondent that what the country needed currently was for the government to implement a well-articulated industrial plan.
This, according to him, is needed in order to begin a new era for industrial development in Nigeria.
He said, “The Abuja Chamber of Commerce and Industry has made it known to the government that the issue of power and energy must be urgently addressed in order to promote industry, boost productivity, and attract both foreign and local direct investments.
“Power and energy sufficiency is the fulcrum of any meaningful development of the economy. This is the time for us as a nation to start implementing consistent policies geared towards attracting investments that will revitalise our industries.”
The Registrar, Chartered Institute of Finance and Control of Nigeria, Mr. Godwin Eohoi, advised the government to look inwards by encouraging the patronage of locally-produced goods to boost investment activities.
He said, “We have to look inwards to reflate the economy by ensuring the encouragement of local content through patronage of locally-made goods. This will help stimulate production by local industries and thus boost investment.
“The government should come up with policies that will encourage investors to set up plants in Nigeria for production rather than spending money importing all these items that are depleting our foreign exchange reserves.
“The government should also reduce the interest rate to make funds available for investment in critical sectors of the economy such as agriculture, manufacturing and others.”
Eohoi added that since foreign investors were shying away from investing in the country, Nigeria should look inwards and encourage local industries by reducing interest rate and making foreign exchange available to them to continue production.
EFCC 2016 Recruitment Result Is Out. Names Of Successful Candidates Published
The Economic and Financial Crimes
Commission (EFCC) found itself at the wrong end of the sword after some
Nigerians took to their Facebook page to berate the anti-graft agency
over what many termed "secret" recruitment and nepotism.
Some users claimed that the EFCC never informed the general public about their recruitment while a few other lamented painfully on how information on the job recruitment exercise was published on the EFCC website only on the same day of the exercise.
See what transpired when the EFCC wrote about succesful candidates from the basic test:
Some users claimed that the EFCC never informed the general public about their recruitment while a few other lamented painfully on how information on the job recruitment exercise was published on the EFCC website only on the same day of the exercise.
See what transpired when the EFCC wrote about succesful candidates from the basic test:
Subscribe to:
Posts (Atom)








