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Power generation in Nigeria collapses twice in nine days

Latest News in Nigeria Power generation in Nigeria collapses twice in nine days

The data obtained from the Federal Ministry of Power, Works and Housing on Monday in Abuja showed that the country’s electricity grid col...

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Yet another judge withdraws from Okorocha’s certificate of return case

12:50 AM CuteNaija 0

Latest News in Nigeria Yet another judge withdraws from Okorocha’s certificate of return case

The second judge has withdrawn from a suit filed by the Imo State Governor, Rochas Okorocha, seeking an order compelling the Independent ...

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World Bank loan portfolio in Nigeria now $8.67 Billion

12:47 AM CuteNaija 0

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World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown.<br>
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Loans from the International Development Association, one of the three arms of the World Bank, make up $8.55bn of the portfolio.<br>
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Loans from the International Bank for Reconstruction and Development, another arm of the Breton Woods institution, make up $124.18m of the portfolio.<br>
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IDA is the concessional arm of the bank through which it grants low interest loans to developing countries while the IBRD is the commercial arm that lends at commercial interest rates.<br>
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Statistics obtained from the Debt Management Office showed that the bank’s portfolio in Nigeria rose from $6.67bn as of December 31, 2016,  to $8.67bn as of December 31, 2018.<br>
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Latest News in Nigeria Money Market World Bank loan portfolio in Nigeria now $8.67 Billion

World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development Assoc...

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Saraki attacks Tinubu, makes revelations about APC leader, 9th NASS, 2023

8:24 PM Motunrayo Ogundipe 0

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The Senate President, Bukola
Saraki on Monday, lambasted the national leader of the All Progressives
Congress (APC), Asiwaju Bola Tinubu, for attacking him.</div>
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In a statement by Yusuph
Olaniyonu, his Special Adviser on Media and Publicity, Saraki said Tinubu on
Sunday released another of his expected quarterly vicious attack on his person.<o:p></o:p></div>
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Saraki, while replying Tinubu’s
allegations, and also said he was desperate to be Nigeria’s president in 2023.<o:p></o:p></div>
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It reads: “We have taken it for
granted that Tinubu’s attack on Saraki every three months (Quarterly) will come
as expected, we would just have ignored his statement but for the fact that it
was filled with untruth, fallacies and misrepresentations. The statement was
another effort to sell a concocted narrative about the Eighth National Assembly
and its leadership.<o:p></o:p></div>
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Latest News in Nigeria Saraki attacks Tinubu, makes revelations about APC leader, 9th NASS, 2023

The Senate President, Bukola Saraki on Monday, lambasted the national leader of the All Progressives Congress (APC), Asiwaju Bola Tinu...

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VIDEO: Church members cheer as Apostle Suleman acquires private jet

7:50 PM Motunrayo Ogundipe 0

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The General Overseer of Omega
Fire Ministries International, Apostle Johnson Suleman, has acquired a private
jet.<o:p></o:p></div>
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It was learnt that the fiery
preacher acquired the jet last week. </div>
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Omega Fire Ministry Dubai
Facebook page also published pictures and a video of Suleman inside his newly
purchased jet.<o:p></o:p></div>
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The post reads in part, “Join us
as we congratulate our father, the restoration apostle, God’s general, God’s
own oracle, a dispensation of our time, the lion of Africa, Apostle Prof.
Johnson Suleman on his brand new private jet for the propagation of the gospel
of Christ to nations of the world with his undiluted word of power, signs,
wonders, deliverance, healing and restoration and the prophetic. (Mark 16:14 –
18; Luke 4:17 – 23).<o:p></o:p></div>
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Latest News in Nigeria VIDEO: Church members cheer as Apostle Suleman acquires private jet

The General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, has acquired a private jet. It was learnt that...

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I lost 6kg when we tried to remove fuel subsidy in 2016 -Ibe Kachikwu

6:10 PM Motunrayo Ogundipe 0

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Emmanuel Ibe Kachikwu, the
minister of state for petroleum, says he lost about six kilogrammes in weight
when they tried to remove subsidy on petroleum products in 2016.<o:p></o:p></div>
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Speaking on Hard Copy, a
programme on Channels TV, the junior minister said there is a lot to deal with
when subsidy removal is to be carried out.<o:p></o:p></div>
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“If you want to take away
subsidy, you have to deal with the unions and Nigerians. Everybody is saying take
away subsidy and you will have a solution. When I did it in 2016, I think I
must have lost between 10 and 15 pounds,” he said.<o:p></o:p></div>
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Expressing regrets at the current
state of the nation’s refineries, Kachikwu said the refineries almost need to
be shut down.<o:p></o:p></div>
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Latest News in Nigeria I lost 6kg when we tried to remove fuel subsidy in 2016 -Ibe Kachikwu

Emmanuel Ibe Kachikwu, the minister of state for petroleum, says he lost about six kilogrammes in weight when they tried to remove sub...

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I pressured David Mark to reduce our running cost from N20m to N13.5m -Osun Senator

6:06 PM Motunrayo Ogundipe 0

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Olusola Adeyeye, lawmaker
representing Osun central senatorial district, says senators earned as high as
N20m as running cost until the 7th assembly presided over by David Mark.<o:p></o:p></div>
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Adeyeye disclosed this while
reacting to the criticism of his stance that Nigeria’s constitution poes a
problem for the country.<o:p></o:p></div>
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Last year, Shehu Sani, senator
representing Kaduna central, revealed that members of the upper legislative
chamber receive N13.5 million monthly as running cost, in addition to over
N700,000 monthly consolidated salary and allowances of each senator.<o:p></o:p></div>
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Adeyeye said he played a pivotal
role in prevailing on David Mark, two-time senate president, to reduce the
running cost of the lawmakers.<o:p></o:p></div>
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Latest News in Nigeria I pressured David Mark to reduce our running cost from N20m to N13.5m -Osun Senator

Olusola Adeyeye, lawmaker representing Osun central senatorial district, says senators earned as high as N20m as running cost until th...

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How Buhari govt has so far fought corruption – Lai Mohammed

6:00 PM Motunrayo Ogundipe 0

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The Federal Government says it
will be unfair for Nigerians to measure its achievements in the fight against
corruption by the number of convictions it has secured.<o:p></o:p></div>
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The Minister of Information and
Culture, Alhaji Lai Mohammed stated this on Monday when he featured on a live
TVC News Programme, “This Morning” monitored by the News Agency of Nigeria
(NAN) in Abuja.<o:p></o:p></div>
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He said that the administration
has succeeded in laying enduring foundation for the fight against corruption
through sustainable policies including the Single Treasury Account (TSA),
Whistle Blower Policy.</div>
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Mohammed said with the solid
foundation, the fight against corruption will remain the bedrock of the administration
in the next four years.<o:p></o:p></div>
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“Under this administration, we
insisted and have succeeded in ensuring that all payments and revenues are paid
into the TSA<o:p></o:p></div>
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Latest News in Nigeria How Buhari govt has so far fought corruption – Lai Mohammed

The Federal Government says it will be unfair for Nigerians to measure its achievements in the fight against corruption by the number of c...

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Ooni of Ife makes revelations about Igbo, Yoruba relationship

5:52 PM Motunrayo Ogundipe 0

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The Ooni of Ife, Oba Adeyeye
Enitan Ogunwusi, has declared that Igbo and Yoruba are inseparable members of
the same family.<o:p></o:p></div>
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The Ooni reaffirmed his earlier
position on the family ties between Yoruba and Igbo nations.<o:p></o:p></div>
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A statement by his Chief Press
Secretary, Moses Olafare, said Ooni Ogunwusi stated this at the weekend at his
Ile-Oodua palace in Ile-Ife while receiving the Lagos state president of
Ohanaeze Ndigbo, Chief Solomon Ogbonna.<o:p></o:p></div>
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Ogbonna accompanied the
delegation of African Farmers and Cultural Organization on a courtesy visit to
the palace.<o:p></o:p></div>
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Latest News in Nigeria Ooni of Ife makes revelations about Igbo, Yoruba relationship

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has declared that Igbo and Yoruba are inseparable members of the same family. The Oo...

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How FG, States, LGs, shared N8trn in 2018 (See Nigeria’s richest states)

5:52 PM Motunrayo Ogundipe 0

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A new report by the Economic
Confidential has disclosed that the Federal Government, 36 states and the 774
local government councils in Nigeria shared a total sum of N8trillion from the
Federation Account in 2018 despite the shut-ins in several oil installations
during the period.<o:p></o:p></div>
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The allocations were made after
the monthly meetings of the Federation Account Allocation Committee (FAAC) in
2018.<o:p></o:p></div>
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The current sources of revenue
flow into the Federation Account are revenue collected by agencies of the
Federal Government with little or no contributions from states and local
government councils.<o:p></o:p></div>
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While the Federal Government and
its agencies under the administration of President Muhammadu Buhari received a
total sum of N3.48 trillion, the other tiers: states and local government
councils shared a total sum of N4.5 trillion in 2018.<o:p></o:p></div>
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Latest News in Nigeria How FG, States, LGs, shared N8trn in 2018 (See Nigeria’s richest states)

A new report by the Economic Confidential has disclosed that the Federal Government, 36 states and the 774 local government councils in ...

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