Tuesday 23rd May 2017,
Hope for Nigeria

Browsing the "Economy" Category

Poor Power Supply Persists

Poor Power Supply Persists Despite Rise In Supply To 3,578 MW

Power generation has risen from 3,161 megawatts, MW to 3,578 MW over the weekend as Electricity Generating Companies; GENCOs continue to increase generation after the recent system collapse. This showed 9,222MW below the nation’s 12, 800 estimated daily national demand, [...]

May 9, 2017 Power
Osun Doctors Protest Against Unpaid Salaries

Osun Doctors Protest Against Unpaid Salaries

Osun Doctors Protest – Medical doctors in Osun State on Thursday staged a peaceful protest in Osogbo over unpaid salaries and poor healthcare facilities in state-owned health institutions. The doctors, members of Nigerian Medical Association (NMA), Osun Chapter, carried placards, [...]

May 5, 2017 Employment

Blind Nigerian Man Gives His Land To Over 500 Homeless IDPs For Shelter In Maiduguri

Visually impaired man gives his land to over 500 IDPs for shelter in Maiduguri, Borno State. The Blind man name is Ahmed Ali a.k.a Mai kifi an indigenous of Mafa LGA Borno State. A gesture that is lacking even among [...]

April 26, 2017 Real Estate
SOME-STATE-GOVERNORS

12 states owe salaries despite bailout

LAGOS—No fewer than 12 states are still owing their workers a backlog of salaries and allowances, despite double bailout funds from the Federal Government, with Kogi State owing as many as 15 months, Vanguard investigations have revealed. SOME STATE GOVERNORS [...]

April 25, 2017 Economy
Ethiopian Airlines

Ethiopian Airlines Lands Airbus In Abuja Tuesday [Photos]

The Nnamdi Azikiwe International Airport in Abuja will be open for traffic officially on Wednesday but on Tuesday, it will receive Ethiopian Airlines, which says it will land a brand new Airbus A350-900 in commemoration. The Airline’s Traffic and Sales [...]

April 18, 2017 Transportation
Abuja Airport Closure

Abuja Airport Closure: Income, Life Improve In Communities Along Abj-Kaduna Highway

Abuja Airport Closure: With the introduction of the America-style vehicle registration plates in 1992, the 36 states of the federation and the FCT took pride in showcasing their slogan and nicknames. For some different reasons plate numbers of some states [...]

April 15, 2017 Economy
An open Letter to the Enugu State Government

An open Letter to the Enugu State Government – Onodugo Amagunze Nkanu [Hope for Nigeria FAN]

Good evening…. U people are doing wonderfully well there… I love following u all the time… Pls there is something I will like to share with you so that u can publish it for the world to see… I will [...]

April 14, 2017 Economy
BEVERLY HILLS, April 13, (THEWILL) – The National Intelligence Agency (NIA) is claiming ownership of the $43,449,947, £27,800 and N23, 218,000 seized Wednesday by the Economic and Financial Crimes Commission from Osborne Towers, a luxury residential complex in Ikoyi, Lagos, owned by Mr. Adamu Muazu, a former governor of Bauchi state and ex-National Chairman of the Peoples Democratic Party (PDP), THEWILL has gathered exclusively. The NIA is the government security agency tasked with overseeing foreign intelligence and counterintelligence operations in Nigeria. A ranking government official with knowledge of the latest twist to the seizure confirmed to THEWILL that NIA Director General, Ambassador Ayodele Oke, has been in touch in EFCC’s boss, Ibrahim Magu, to express his displeasure over the raid at the apartment used as one of NIA’s safe houses in Lagos for its clandestine operations. The official said Magu, whose confirmation as substantive chairman of the agency has been frustrated by the DSS and the Senate, has been under pressure to show President Muhammadu Buhari the billions of naira he told the president during a meeting that the EFCC had recovered under his leadership. “So he is on a reckless search for monies hence all these strings of raids and seizures within the last one week,” the source who asked not be identified said. “I can authoritatively tell you that money belongs to the NIA. The DG has come forward to claim it and has informed my office of the development. He is furious with Magu for his agency’s recklessness and for compromising their operations,” the official told THEWILL. Meanwhile, Justice Muslim Hassan of a Federal High Court in Lagos Thursday ordered the temporary forfeiture of the cash and ordered that the funds be temporarily forfeited to the Federal Government and adjourned till May 5, 2017, for anyone interested in the funds to show up before him to show cause why the money should not be permanently forfeited to the Federal Government. THEWILL had previously linked Mrs. Esther Nnamdi-Ogbue, a former Managing Director, Retail, at the Nigerian National Petroleum Corporation (NNPC), to the haul found in an apartment on the 7th floor. She denied ownership of the cash in a statement by her attorney Thursday though admitted residing on the second floor. National Intelligence Agency Claims Ownership

More Twists In The $43m+ Seized By EFCC As National Intelligence Agency (NIA) Claims Ownership – Source

The National Intelligence Agency (NIA) is claiming ownership of the $43,449,947, £27,800 and N23, 218,000 seized Wednesday by the Economic and Financial Crimes Commission from Osborne Towers, a luxury residential complex in Ikoyi, Lagos, owned by Mr. Adamu Muazu, a [...]

April 14, 2017 Finance
Oil Prices Flip Flop After Trump Attack

Oil Prices Flip Flop After Trump Attack

Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. But prices later dropped back as there seemed no immediate threat to supplies. U.S [...]

April 7, 2017 Oil & Gas
Veronica Onyegbula

I Made My $544,000 Selling Pure Water – Vero, The Police Pension Scam Suspect Tells EFCC

Veronica Onyegbula, the fourth defendant in the ongoing N24 billion police pension scam trial, told the Economic and Financial Crimes Commission (EFCC) that she made $544,000 from sales of pure water, an FCT High Court heard. An operative of the [...]

April 6, 2017 Economy
Naira bounces back, strengthens against the dollar

Naira bounces back, strengthens against the dollar

The Naira on Tuesday appreciated against the dollar at the parallel market after a sustained one-week depreciation. The Nigerian currency traded between N380 (buying rate), and N390 (selling rate) stronger than N395 recorded on Monday, while the Pound Sterling and [...]

April 5, 2017 Economy
Nigerian Engineer Invents Device That Can Supply The Entire Africa Uninterrupted Power Supply

“24 Hours Electricity Guaranteed” – Nigerian Engineer Invents Device That Can Supply The Entire Africa Uninterrupted Power Supply

A Nigerian engineer, Obayagbona Emmanuel Imafidon, has revealed that he has invented a power-generating device that can solve the problem power outage in the country. In an interview with Guardian, the graduate of Electrical Engineering from the Institute of Management [...]

April 4, 2017 Power
Invest in tourism to create job opportunities

Invest in tourism to create job opportunities – Ohanaeze Ndi-Igbo tells FG, State govts

The Ohanaeze Ndi-Igbo on Monday urged the Federal and State governments to invest in the existing cultural and tourism facilities to create job opportunities and curb crime among the youth. Chief Damian Okeke, the Chairman of Ohanaeze in Anambra, made [...]

April 4, 2017 Economy
3 Month’s Dept Nationwide Blackout Looms As GENCOs Threaten To Shut Down

3 Month’s Dept Nationwide Blackout Looms As GENCOs Threaten To Shut Down

Electricity Generation Companies (GenCos) have not been paid for their services by the Nigeria Electricity Bulk Trader in the last three months. A source in the power sector told Sunday Vanguard in Abuja, at the weekend, that the situation of [...]

April 2, 2017 Power
Made in Nigeria

Made in Nigeria: Man Built Mercedes G-Wagon

Made in Nigeria: Man Built Mercedes G-Wagon. See more photos…         Share on: WhatsApp [...]

March 31, 2017 Business
African Dev Bank

Development Bank Of Nigeria Set To Begin Operation, Gets CBN Licence

The Development Bank of Nigeria (DBN) is set to begin operations as the Central Bank of Nigeria (CBN) has issued license  to the bank. The bank was established to support small-scale businesses, with loans of varying lengths at lower interest [...]

March 30, 2017 Finance

BREAKING: We Did Not Arrest Or Detain Ifeanyi Ubah – DSS.

The report that operatives of the Department of State Services (DSS) arrested and detained a Nigerian self made Billionaire and the owner of Capital Oil, Mr Ifenayi Ubah has been described by the DSS as false and an irresponsible reporting by [...]

March 30, 2017 Economy, General, Oil & Gas
‘We Imported N298m SUV, Sold To Senate’

‘We Imported N298m SUV, Sold To Senate’

AN official of an automobile marketing firm yesterday disclosed that the controversial Range Rover SUV whose ownership was ascribed to the Senate President, Dr. Bukola Saraki, was actually imported by his company on behalf of an oil major and subsequently [...]

March 28, 2017 Economy
Recession: Workers Await Review Of Minimum Wage

Recession: Workers Await Review Of Minimum Wage

Recession: With current economic hardship, there is no doubt that Nigerian workers are not finding things easy. Nigerian workers are anxiously waiting for the Federal Government to implement the proposed N45% increase in minimum wage requested by the organised labour. [...]

March 28, 2017 Economy
2016 Budget: Capital Releases To MDAs Hit N1tr

2016 Budget: Capital Releases To MDAs Hit N1tr

The Minister of Finance, Mrs. Kemi Adeosun, said capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget had reached a record N1 trillion. In a statement by the Director of Information, Ministry of Finance, Mr. Salisu [...]

March 27, 2017 Economy
Adidas Yeezy Boost

See What He Got After Ordering Kanye’s Yeezy 350 Boost…lol (photos)

Someone ordered for one of his trainers, the Adidas Yeezy Boost, and what was delivered was something entirely different. The delivered footwear looked like something fashioned out of a blanket. Lol, this is a serious bad market for Kanye West. [...]

March 26, 2017 Business
Osita Okechukwu

Osita Okechukwu: Buhari Will Win In 2019 As He Focuses On Giving Foods And Jobs To Nigerians

The Director General of Voice of Nigeria, Osita Okechukwu has said President Buhari will win his second term election because he is already addressing important issues affecting the country. Okechukwu said the president has strategies to win in 2019 and [...]

March 25, 2017 Economy
Century Power To Complete 1,500mw Power Plant In 2020

Century Power To Complete 1,500mw Power Plant In 2020

Century Power, a subsidiary of the Obijackson Group, Thursday, said its 1,500 megawatts (MW) power generation plant would be completed by 2020 and would start making a contribution to the national grid. The company in a statement in Abuja, said [...]

March 25, 2017 Power
Dr Budweiser: Why You Should Swallow Raw Garlic

77 Foreign Vessels Lift Nigerian Oil Without Tax Monthly – Ship Owners

The president, Nigeria Shipowners Association of Nigeria (NISA), Aminu Umar has said that Nigeria was losing a huge amount of money due to the fact that the foreign ship owners dominate the transportation of the country’s crude oil. According to [...]

March 25, 2017 Oil & Gas
6 GENCOs Generated Zero Electricity In 1 Week

6 GENCOs Generated Zero Electricity In 1 Week

The challenges bedeviling the power sector appear worsening as the Transmission Company of Nigeria, TCN, through the daily operational report of the National Control Centre, NCC, yesterday, reported that six power generating companies, GENCOs, failed to generate power in seven [...]

March 24, 2017 Power
Akwa Ibom Residents, Workers Relocate From Cities To Villages

Akwa Ibom Residents, Workers Relocate From Cities To Villages Due To Hunger And Unemployment

DISHEARTENED residents and civil servants at Uyo and other cities in Akwa Ibom State are re-positioning to nearby local communities, following severe food shortages and razor-sharp increases in the cost of living, occasioned by the current economic depression. The affected [...]

March 21, 2017 Economy
Traders In Tears And Pains As Goods Worth Millions Destroyed As Rivers Govt. Demolishes Popular Port Harcourt Market

Traders In Tears And Pains As Goods Worth Millions Destroyed As Rivers Govt. Demolishes Popular Port Harcourt Market

Rivers Govt. Demolishes Popular Port Harcourt Market – Traders in Rivers said they had lost goods worth millions of naira following the demolition of the Rumuwoji temporary market in Port Harcourt. Mr Eddy Bright, President-General, Rivers State Traders Union, told [...]

March 20, 2017 Business
Mr. Nduka Udeh

‘Lack Of Coordination Killing Export Business In Nigeria

For government to get the export sector right, the exchange rate must be look into, this formed the opinion of the chief executive officer of Simplified Corporate Logistics (SCL), Mr. Nduka Udeh in an interview with OLUSHOLA BELLO. In this [...]

March 19, 2017 Business
Osibanjo

The Presidency dumps China, goes for made-in-Aba products

Vice President Yemi Osinbajo didn’t hide his  conviction about Abia, the indisputable commercial nerve center of the South Eastern Nigeria when he unequivocally remarked: “Nigeria has no business with China if all hands are on deck to develop Aba as [...]

March 19, 2017 Economy
Crude oil deposits have been found in Bida

Crude Oil Deposits Found In Bida

Crude oil deposits have been found in Bida basin in Niger State. Professor Nuhu Obaje, the director of the Ibrahim Badamasi Babaginda University Research Centre, Lapai, made this known  on Thursday in Lagos. He said  his centre has informed the [...]

March 17, 2017 Oil & Gas
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