Middle East investors to take-over Nigerian airports

abuja airport

Quite a number of stakeholders in the aviation sector, including members of the National Assembly, are worried that investors from some Middle East countries are expressing interest in the planned concession of Nigerian airports. The Guardian learnt that the interests thus far received from countries like Turkey, Saudi Arabia and Qatar are bothering the stakeholders because of the security implication …

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Catalonia: Greece and Spain’s ambassador in Diplomatic tussles

greek foreign affairs

  The ministry of foreign affairs emphasized that the ambassador tried to interfere in domestic politics while sources claimed that these practices refer to the “dark pages” of Spain’s history. “It is with surprise that we note the comments made by the ambassador of friend and ally Spain, criticising publicly the Greek government,” the Greek foreign ministry said in a …

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Nigerian Senate: FG recovered N140 billion from revenue leakages

Nigerian senate2

The Senate yesterday said that through its probe of revenue leakages, the collection banks had remitted N140 billion to the Federal Government through the Central Bank of Nigeria (CBN) This disclosure was sequel to the consideration of the interim report of its Joint Committee on Customs, Excise and Tariff and Marine Transport on investigation of the activities of the Nigerian …

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Iran is ready to do oil business with US corporations despite Trump’s hostility

bijan namdar

The Petroleum Minister of Iran, Bijan Namdar Zanganeh made an announcement that the Islamic Republic remains willing to negotiate oil and gas deals with US enterprises despite the continued hostility shown to the country and the nuclear deal by American President Donald Trump, Mehr News Agency reported on October 17. “We are prepared to negotiate with American corporations on developing …

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Senate shelves probe of $25b NNPC contracts due to pressure

nigerian senate

The Nigerian Senate shelved their scheduled probe into the alleged award of $25 billion worth of contracts in the Nigerian National Petroleum Corporation (NNPC).Following the allegation of abuse of due process made by the Minister of State for Petroleum, Ibe Kachikwu, against the NNPC Group Managing Director, Dr. Maikanti Baru, the Senate resolved to investigate the matter. The upper house …

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Buhari’s Government urges Nigerians Regarding Borrowings

financial

Buhari’s administration has asked Nigerians to bear with the recurring borrowings and negotiations as they are temporary and aimed at delivering the rail system, roads and power to boost national development. The appeal was made yesterday in Washington DC also said the investment would generate economic activities, jobs and revenue which would be used to pay back the debts. It …

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Catalonia on fire following independence declaration

Basque Country

Among the verdant mountains of Basque Country, which borders France, a once-violent campaign for independence has petered out, with generous fiscal autonomy from Madrid helping to keep popular agitation for independence in check.  “We don’t have that economic resentment,” Aitor Esteban, the organiser for the Basque National Party in Spain’s parliament, said in an interview at party headquarters in Bilbao.  …

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Buhari asks National Assembly to approve another $5.5 billion foreign loan

buhari1

Nigeria’s President Muhammadu Buhari has asked the National Assembly to approve two external loans worth $5.5 billion.However the terms and conditions for such facilities are not made known.According to Buhari in a letter read by Senate President, Bukola Saraki, during a plenary session yesterday, the first loan of $2.5 billion is for the financing of the deficit and capital projects …

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President of Catalonia to announce independence today

catalonia

Leaders of Catalonia are expected to announce independence during a meeting of the regional parliament on Tuesday evening, the first since the referendum vote to secede from Spain. Regional president Carles Puigdemont was said to be “finalising” the declaration this morning, La Vanguardia reported, ahead of the 6pm meeting. The Madrid government has warned Mr Puigdemont could face jail if he announces a …

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Aisha Buhari comes hard on Aso Rock clinic mangaement for huge budgetary scandal

aso rock clinic

The wife of the president Aisha Buhari , yesterday came hard on the management of the Aso Rock clinic over alleged poor services, asking the authorities to give account of the huge budgetary allocation to the hospital. The demand came as the presidency announced plans to commercialise the State House Medical Centre (SHMC) for better health delivery system amidst mounting …

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$25 billion fraud committed by NNPC is meant for Buhari’s re-election,says PDP

NNPC TOWER

Yesterday the Peoples Democratic Party (PDP) stated that the alleged $25 billion contract fraud at the Nigerian National Petroleum Corporation (NNPC) was perpetrated to raise funds for the re-election bid of President Muhammadu Buhari. The opposition party, which described as disgusting what it called a high level of looting in the current administration, expressed shock at “the loud silence of …

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Uk Foreign Secretary Boris Johnson to be sacked for his comments on Libya

boris johnson2

Both Heidi Allen and Anna Soubry said he should lose his job as Foreign Secretary, while Sarah Wollaston said he should “consider his position”. First Secretary of State Damian Green – the de-facto right hand man to the Prime Minister – told Mr Johnson to “be careful” in his use of language as the row surrounding his colleague’s comments dominated his …

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Niger Delta agitators : Buhari is not committed to peace in the region

buhari m

Niger Delta agitators yesterday indited the President Muhammadu Buhari government of not being committed to peace in the region.Though urging Buhari to take practical steps to ensure sustainable peace in the oil-rich region, they warned against extending military operation to their area. In a statement, a coalition of Niger Delta groups described Buhari’s Independence Day broadcast as filled with empty …

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Aung San Suu Kyi’s honor has been withdrawn

Aung San Suu Kyi

The honour granting Aung San Suu Kyi the Freedom of Oxford has been revoked by the city’s council because of her response to the Rohingya crisis. The de facto leader of Myanmar was granted the honour in 1997 for her “long struggle for democracy”. But a motion to Oxford City Council said it was “no longer appropriate” for her to …

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‘Why will the FG be seeking for $1.12 billion to repair our refineries when the best option is outright sale?’,says expert

refinery

The Federal Government  has been condemned following its move to source another $1.12 billion (N342.72 billion) to repair the nation’s refineries.Their opposition to the plan is premised on the speculation that the government may have spent up to N963 billion in the last 18 years for the repairs of the refineries without achieving the desired result. Stakeholders who spoke with …

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