Nigerian Air Force Explains Controversy over Drone built under Jonathan, lunch by Buhari

The Nigerian Air Force (NAF) on Friday weighed in on the debates about the first Nigerian-built unmanned aerial vehicle (UAV). President Muhammadu Buhari sparked the debates when he claimed on Twitter Thursday night that he had just commissioned the ‘first-ever’ UAV (or drone) built by the NAF engineers.

Nigerian Air Force Explains Controversy over Drone built under Jonathan, lunch by Buhari

The Nigerian Air Force (NAF) on Friday weighed in on the debates about the first Nigerian-built unmanned aerial vehicle (UAV). President Muhammadu Buhari sparked the debates when he claimed on Twitter Thursday night that he had just commissioned the ‘first-ever’ UAV (or drone) built by the NAF engineers. “Today in Kaduna I attended the induction […]

Nigeria secure $486 world bank loan

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines.

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines. Ms Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, in a statement said that the investments would increase the power transfer capacity of the transmission network. The World […]

11 states get N16.1bn budget loan

Eleven of the 23 states that have access to the federal government’s budget support loan facility have received N16.1 billion as of January 2018. The Senior Special Assistant to Vice President on Media and Publicity, Laolu Akande, stated this after a meeting of the National Economic Council. Akande did not name the benefitting states, but […]

FG to provide satellite services to EBS, Edo schools

Former Minority Whip of the House of Representatives and Executive Director, Marketing and Business Development of Nigeria Communication Satellite Ltd, NigComSat, Dr Samson Osagie, yesterday, disclosed of plans by the Federal Government through the company to provide satellite services to the 18 local government areas of Edo State.

FG to provide satellite services to EBS, Edo schools

Former Minority Whip of the House of Representatives and Executive Director, Marketing and Business Development of Nigeria Communication Satellite Ltd, NigComSat, Dr Samson Osagie, yesterday, disclosed of plans by the Federal Government through the company to provide satellite services to the 18 local government areas of Edo State. He said the development, which will be […]

SERAP urges Ambode to reverse ‘unfair Lekki toll charges’

Socio-Economic Rights and Accountability Project (SERAP) has urged Governor Akinwunmi Ambode “to take steps to immediately reverse the unfair and discriminatory toll charges at the Lekki-Epe Expressway and Lekki-Ikoyi Link Bridge toll gates by the Lekki Concession Company, if the Lagos State government is not to run the risk of undermining the public interests, democratic values and accountability, and opportunities for participation.”

SERAP urges Ambode to reverse ‘unfair Lekki toll charges’

Socio-Economic Rights and Accountability Project (SERAP) has urged Governor Akinwunmi Ambode “to take steps to immediately reverse the unfair and discriminatory toll charges at the Lekki-Epe Expressway and Lekki-Ikoyi Link Bridge toll gates by the Lekki Concession Company, if the Lagos State government is not to run the risk of undermining the public interests, democratic […]

Halogen Group Warns Nigerians Over Bitcoins, Cryptocurrency Mania

The Halogen Group has thrown its weight behind the Nigerian Senate's call for caution in investing in Cryptocurrency, describing it as an extremely risky business.

The Halogen Group has thrown its weight behind the Nigerian Senate’s call for caution in investing in Crypto currency, describing it as an extremely risky business. In a statement released in Lagos on Tuesday, February 06, 2018, the organization’s CEO, Wale Olaoye expressed concerns over the alarming rate at which Nigerians are investing in the insecure […]

Credit cards from Nigeria ‘to be blocked abroad’ as Egmont Group mulls expelling Nigeria because of EFCC.

Nigerians may no longer be able to carry out international transactions as Egmont Group is considering expelling the Nigerian Financial Intelligence Unit (NFIU) because of governance issues. A major consequence of the expulsion will be the blacklisting of Nigeria in international finance. This could affect use of MasterCard and Visa credit and debit cards by […]

Buhari signs executive order to improve local content

Buhari signs executive order to improve local content

President Muhammadu Buhari Monday in Abuja signed Executive Order 5 to improve local content in public procurement with science, engineering and technology components. The Executive Order is expected to promote the application of science, technology and innovation towards achieving the nation’s development goals across all sectors of the economy. The President, pursuant to the authority […]

Press Release: Buhari appoints new deputy governor for CBN

Press Release: Buhari appoints new deputy governor for CBN

  In accordance with the provisions of Section 8(1) (2) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007, President Muhammadu Buhari has nominated Mr. Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the CBN. This was contained in a letter dated January 26, 2018 to the Senate President, Bukola […]

Buhari promises to spend extra income from rising oil prices on infrastructure

Buhari promises to spend extra income from rising oil prices on infrastructure

Income accruing to the country from rising oil prices in the international market will be spent on infrastructural development, President Muhammadu Buhari has pledged. Receiving a delegation from Eni, led by the Chief Upstream Officer, Mr Antonio Vella, the President said extra funds outside the provision of year 2018 budget “will be deployed to infrastructure […]

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