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Senate Considers Buhari’s $5.5bn Foreign Loan Request

Senate_Chamber

The Senate on Thursday considered the request by President Muhammadu Buhari to approve $5.5bn external borrowings by the Federal Government to be used to finance the 2017 Appropriation Act. Majority Leader, Senator Ahmad Lawan, presented the request to the Senate for consideration, which was unanimously granted by the lawmakers. Deputy President of the Senate, Ike Ekweremadu, who presided over the plenary, referred the request to ... Read More »

Buhari Seeks Senate’s Approval For CBN Nominees

Aishah-Ahmad

President Buhari has written to the Senate seeking approval for the appointment of Mrs. Aishah Ahmad as Deputy Governor of the Central Bank of Nigeria and members of the Monetary Policy Committee of the apex bank. The MPC nominees are Prof. Adeola Festus Adenikinju; Dr. Aliyu Rafindadi Sanusi; Dr. Robert Chikwendu Asogwa and Dr. Asheikh A. Maidugu. Buhari, in separate letters to President of the ... Read More »

Reps Recommend Upward Review Of Minimum Wage

house of rep

The House of Representatives has urged President Muhammadu Buhari to direct the Minister of Labour and Employment to commence the process of negotiating an upward review of the current minimum wage. The call was sequel to a unanimous adoption of a motion moved by Rep. Peter Akpatason (Edo-APC) during plenary on Thursday. Akpatason, in the motion, urged the Federal Government to hearken to calls for ... Read More »

NNPC: I Approved Loans Not Contracts, Says Osinbajo

Osinbajo-_-signs

Vice-President Yemi Osinbajo on Thursday clarified that what he approved for the Nigerian National Petroleum Corporation when President Muhammadu Buhari was away on medical vacation were financing loans and not contracts. According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice-President made the clarification while answering reporters’ questions after the ground-breaking of the multi-billion naira Bonny-Bodo Road project, in Bonny, ... Read More »

Ladoja Returns to PDP

Rasheed-Ladoja

A former governor of Oyo State, Senator Rasidi Ladoja, has confirmed his return to the people’s Democratic Party from the Accord Party. The Accord Party was founded by Ladoja. In his goodwill message at the unity luncheon of the PDP held in Osogbo which was meant to further unite factions in the party ahead of the coming election, Ladoja said Oyo must retrace its steps to ... Read More »

Buhari Seeks Senate’s Nod For Fresh $5.5 Billion Loan

BUHARI

• ‘Looted funds will be used to finance 2017 budget’ • Senate okays N152b for FIRS, NPA gets N270.5b • Embargoes expenditure for automotive agency • Reps probe oil firm over N6tr revenue loss President Muhammadu Buhari has asked the National Assembly to approve two external loans worth $5.5 billion. But the terms and conditions for such facilities are not made known.According to Buhari in ... Read More »

Buhari, Security Chiefs Meet As Operation Crocodile Smile II Begins In Bayelsa On Friday

buhari security chiefs meeting

• MASSOB, BIM berate army over invasion of office in Ebonyi • IPOB, community condemn raids, demand compensationPresident Muhammadu Buhari yesterday met with heads of the nation’s security agencies at the Presidential Villa, Abuja. The Inspector-General of Police (IGP) ‎was represented by a Deputy Inspector-General of Police (DIG). However, none of the security chiefs obliged to speak with State House Correspondents ‎at the end of ... Read More »

NNPC Appointments: Agbakoba Sues FG For Discriminating Against South-East

Agbakoba

Prominent Igbo lawyer, Dr. Olisa Agbakoba (SAN), has sued the Federal Government for allegedly discriminating against the South-East geopolitical zone in its July 5, 2016 appointment into the Board of the Nigerian National Petroleum Corporation. Agbakoba, in the suit filed before the Federal High Court in Abuja, said the Federal Government, on July 5, 2016, appointed nine persons into the NNPC Board but none of ... Read More »

No Law Mandates Me To Discuss Contracts With You, Baru Replies Kachikwu

Baru-Kachikwu

The Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Monday officially responded to the recent allegations of insubordination and corruption levelled against him by the Minister of State for Petroleum Resources, Ibe Kachikwu. According to the NNPC, the response was following a directive from President Muhammadu Buhari to Baru and his team, mandating them to react to the issues raised in the petition that ... Read More »

I Have No Plan To Contest 2019 Election – Osinbajo

OSINBAJO

Vice-President Yemi Osinbajo on Monday said he had no plan to contest the 2019 presidential election. According to  Reuters, Osinbajo said this when he was asked at the Financial Times Africa Summit in London if he had considered running. “None of that is on the cards,” the Vice-President reportedly said. It will be recalled that Osinbajo had earlier disowned a group known as Osinbajo Volunteers, which is campaigning for ... Read More »

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