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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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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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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

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

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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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‘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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It’s High Time Buhari considers 2014 confab report-Ohanaeze

NWODO John Nnia

The President-General of Ohanaeze, Chief John Nnia Nwodo, has asked  President Muhammadu Buhari, to look the report of the 2014 National Conference convened by his predecessor, Goodluck Jonathan, as part of the solution to the ongoing discourse on restructuring the country. He made the appeal while speaking on “Next Generation Nigeria: Participation, Accountability and National Cohesion,” at the Chatham House …

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Read Buhari’s APC chieftains’ reaction to Alhassan’s comment

hajia alhassan

There is an apprehension and anxiety in the All Progressives Congress (APC) over Hajia Aisha Alhassan’s comment on President Muhammadu Buhari undeclared plan to run in 2019. Hajia Alhassan who is the Women Affairs Minister has been in the spotlight for saying she will not back Buhari, if he wishes to run. The Minister who had ran for governor in Taraba …

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