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Politics Dino Melaye Raises Petition Against Osinbajo For Refusing To Sign 3 Bills
Senator Dino Melaye on Wednesday frowned at Acting President, Yemi Osinbajo's refusal to assent three bills passed by the National Assembly. Mr. Osinbajo in a letter read by the Senate president, Bukola Saraki returned the bills for proper correction. But Senator Melaye quickly raised a...- ProfRem
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Politics Shehu Sani Fulfils Campaign Promise, Hosts Lepers, Deaf In N/Assembly
Chairman of the Senate Committee on Domestic and Foreign Debt, Shehu Sani (APC, Kaduna Central), yesterday fulfiled one of his campaign promises by hosting lepers, the deaf and other physically challenged persons in his office at the National Assembly. The physically challenged came all the...- ProfRem
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Metro LAUTECH Lecturers Return To Class After 9 Months
Lecturers of the Ladoke Akintola University of Technology, LAUTECH, Tuesday, suspended their nine months strike. The strike was called off by the Academic Staff Union of Universities, ASUU after receiving a letter of commitment on how Oyo and Osun state governments intend to fund the...- ProfRem
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Politics Buhari's Health Is Not As Terrible As People Think – Femi Adesina
The Presidency has said that President Muhammadu Buhari's health status is not as worse as people speculated. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, stated this on Daily Sunrise Programme of Channels Television Wednesday. He said: "The current health...- ProfRem
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Politics FG Budgets 60 Million Naira For North-east Grass-cutting Again
The Presidential Committee on North-East Initiative, PINE, again, budgeted 60 million Naira to cut grasses in the 2017 budget in communities ravaged by the Boko Haram insurgents. Members of the House of Representatives expressed shock, on Tuesday, that the Presidency can budgeted huge amount...- ProfRem
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Business CBN New Policy Is Like Moving From Fry Pan To Fire - Manufacturers
The Central Bank of Nigeria, CBN bowed to pressure by releasing a new foreign exchange policy in the country. The new policy is coming after the National Economic Council, NEC, urged for immediate review to stem the widening gap between the inter-bank foreign exchange and parallel market rates...- ProfRem
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Business Nigeria: 38,000 Companies De-registered For Failing To File Returns
The Corporate Affairs Commission on Tuesday said it had de-registered the names of over 38,000 companies from its register for failing to file annual returns to the commission. The Registrar-General, CAC, Mr Bello Mahmud, stated this while speaking during a chat with journalists in Abuja. He...- ProfRem
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Politics Akpabio Talks Tough Over Defection Of Andy Uba To APC
The Senate Minority Leader, Chief Godswill Akpabio, said the Peoples Democratic Party (PDP) would challenge Senator Andy Uba’s (PDP-Anambra) defection to All Progressives Congress (APC) in court. Akpabio made this known at plenary on Tuesday under Order 45 of the Senate Standing Order and said...- ProfRem
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Business FG Finally Decides Not To Borrow From IMF
The Federal Government has said it will not apply for International Monetary Fund loan. Minister of finance, Kemi Adeosun stated this in an interview with CNBC. She said: “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance...- ProfRem
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Politics Osinbajo In Closed-Door Meeting With Saraki, Dogara, Others
Acting President Yemi Osinbajo is currently meeting behind close-doors with Senate President Bukola Saraki, House of Representatives Speaker Yakubu Dogara and other top government officials. DailyTrust said it is an extended meeting of the Presidential Enabling Business Environment Council...- ProfRem
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Business Naira Appreciates To 516/US$1 After CBN Eases FX Policy
Nigerian naira on Tuesday gained rapidly against the United States dollar to 516 at the black market, 24 hours after the Central Bank of Nigeria adjusted the country's forex policy. On Monday, it crashed at the parallel market to N520 per United States dollar, even as the Central Bank of...- ProfRem
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Business Nigerians Surprised As Indian-Packaged Garri Flood Lagos Market
Nigerians have expressed shock over Indian-packaged garri being sold in Lagos. The garri is packed in a 500g bag with an inscription of ‘TRS’ (Asia’s Finest Foods) has been the talk of the town, with a price tag of N450. According to reports, the garri imported garri from India and selling in...- ProfRem
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Business Benue State To Establish TV Station After 41 Years of Existence
After over forty years of creation, Benue state is to have its own Television station. Permanent Secretary of the State Ministry of Information and Orientation, Mrs Eunice Agada stated this at opening of 2017 Ministerial and Accountability Press briefing held at NUJ House, Makurdi on Monday...- ProfRem
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Politics House of Reps Adjourn Plenary To Mourn Death Of Lawmaker
The house of representatives on Tuesday joined the Nigerian Senate to suspend legislative business to Wednesday to mourn the death of a lawmaker. The house, which resumed plenary after weeks of 2017 Budget deliberation, adjourned to mourn Bello Sani, who represented Mashi/Dutsi federal...- ProfRem
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Politics 'Our Daddy Is Old' - Nigerians React To 3rd Extension Of Buhari's Sick-Leave
Nigerians have come out hard on the Presidency for the third indefinite extension of President Muhammadu Buhari's sick leave in the United Kingdom. President Muhammadu Buhari on Tuesday has said that he needed longer period of rest and may not return back to the country as scheduled. In a...- ProfRem
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Politics PDP Senators Kick As Andy Uba Formally Joins APC
The Peoples Democratic Party senators in the Red Chamber on Tuesday asked the Senate President, Bukola Saraki, to declare Senator Andy Uba’s seat vacant for defecting from the PDP to the All Progressives Congress. The Minority Leader, Senator Godswill Akpabio, while making the demand on behalf...- ProfRem
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Politics President Buhari's Test Results Released
The results of the series of tests conducted on President Muhammadu Buhari by medical specialists in United Kingdom have been released, a statement by his Media aide, Femi Adesina says. According to Mr. Adesina, 'the results of the series of medical checkups President Buhari carried out in the...- ProfRem
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Politics Buhari To Nigerians: I Need Longer Period Of Rest
President Muhammadu Buhari on Tuesday has said that he needed longer period of rest and may not return back to the country as scheduled. In a statement released the Special Adviser on Media and Publicity, Mr. Femi Adesina said the results of the series of medical checkups President Buhari...- ProfRem
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Business Naira Crisis: CBN Moved In The Right Direction – Bismarck Rewane
An economist and Managing Director and Chief Executive, Financial Derivatives Company Limited, Mr. Bismarck Rewane has said that the new Central Bank of Nigeria policy on forex regulation is a move in right direction. Mr. Rewane, according to New Telegraph wondered why it had taken the apex...- ProfRem
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Business 5 Ways The New CBN Policy May Revive The Naira
The Central Bank of Nigeria, CBN on Monday bowed to pressure by releasing a new foreign exchange policy in the country with immediate effect. The new policy is coming after the National Economic Council, NEC, urged for immediate review to stem the widening gap between the inter-bank foreign...- ProfRem
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- cbn cbn forex policy cbn new policy how cbn policy may revive naira naira rate naira watch nigeria news nigerianbulletin
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