Pin It
Wednesday 20th February 2019,
Hope for Nigeria
CAN Bans Politicians From Campaigning In Churches

Uke Stampede: CAN Bans Politicians From Campaigning In Churches

In the aftermath of a tragedy at Uke Adoration Ground in Anambra State that left nearly 30 people dead, the Christian Association of Nigeria (CAN) South-East chapter has banned political campaigns in churches across the zone. Talking to journalists on Monday, Chairman [...]

November 4, 2013 General
Woman Gives Birth to a Baby Girl in Tricycle

Woman Gives Birth to a Baby Girl in Tricycle

A Paraga seller, has given birth to a baby girl inside a tricycle at Oregun, Ikeja, Lagos State. A 28-year-old woman, indentified as Basirat Ogundeji, went into labour when the bus she boarded at Ikeja on her way back home [...]

November 4, 2013 Incidents
BORNO Boko Haram Kill 27, Torch 300 Homes, Wound Dozens

BORNO: Boko Haram Kill 27, Torch 300 Homes, Wound Dozens

Islamist insurgents last week killed 27 people and wounded a lot of others in restive northeast Nigeria, a local official said Monday, with the attack happening two days before a deadly ambush on a wedding party. The attack was carried [...]

November 4, 2013 Uncategorized
US-SEC--Headquarters-4

FG releases fresh N160bn for capital projects

BY IFEANYI ONUBA The Federal Government on Sunday said it had released N160bn to its Ministries, Department and Agencies for the implementation of fourth quarter capital projects captured in the 2013 budget. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, confirmed [...]

November 4, 2013 Finance
US-SEC--Headquarters-4

SEC Advocates Infrastructure Financing through Capital Market

By Goddy Egene The Securities and Exchange Commission (SEC) last week restated that the Nigerian capital market has the capacity to provide the long-term funds needed to solve the infrastructural challenges in the country.   Director, Securities & Investment Services [...]

November 4, 2013 Finance
Central-Bank-of-Nigeria

Economic growth fell by 0.8% in 2012 – CBN

The growth  of the nation’s economy dropped by 0.8 per cent from 7.4 per cent in 2011 to 6.6 per cent in 2012, according to the Central Bank of Nigeria’s 2012 yearly report. The report, released on Friday, linked the [...]

November 4, 2013 Finance

Nigeria Says Revenue Gap May Reach as Much as $12 Billion

Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, Finance Minister Ngozi Okonjo-Iweala said. The government will draw [...]

November 4, 2013 Business
GOLDEN EAGLETS QUALIFY, MEET SWEDEN IN SEMI FINAL

Congrats – GOLDEN EAGLETS QUALIFY, MEET SWEDEN IN SEMI FINAL

THREE-TIME champions, the Golden Eaglet of Nigeria booked their place in the semi-finals of the FIFA U-17 World Cup in UAE with a 2-0 win over Uruguay in Sharjah Saturday. Taiwo Awoniyi – deputising for the injured Success Isaac – [...]

November 3, 2013 General
US-spies-on-Nigerian-security-agencies

US Spies On Nigerian Security Agencies’

Indications emerged on Saturday  that the United States has been spying on the Nigeria’s security agencies, especially the State Security Service, and probably the Presidency. In a report published in New York Times, Edward Snowden, an American computer specialist, who worked [...]

November 3, 2013 General
Visa bond scheme 'scrapped'

The Visa bond scheme has been cancelled

Government plans to force visitors from “high risk” countries to pay a £3,000 security bond to enter the UK have been scrapped, it is understood. Home Secretary Theresa May's scheme was due to be piloted from this month as a [...]

November 3, 2013 General
Cocoa Mall commissioned in Ibadan

Cocoa Mall commissioned in Ibadan

Cocoa Mall, Oyo State’s largest retail mall development, financed by Wema Bank was commissioned at an event in the state capital, Ibadan, alongside its sister mall, the Heritage Mall, as part of the new Cocoa House Development. The Cocoa Mall [...]

November 2, 2013 Business
Oba-Rilwanu-Aremu-Akiolu

Happy Birthday Oba Rilwan Akiolu

Traders in Lagos State, western Nigeria, are apprehensive that markets will be shut tomorrow for the 70th birthday celebration of the Oba of Lagos, Rilwan Akiolu. Some of the traders who spoke with P.M.NEWS wondered why markets should be closed [...]

November 1, 2013 Government and politics
Yobe State Governor, Ibrahim Gaidam today took delivery of trucks and construction equipment worth 361 million Naira.

Construction Equipment Worth N361 Million – Yobe Government

Yobe State Governor, Ibrahim Gaidam Yesterday took delivery of trucks and construction equipment worth 361 million Naira. The equipment was procured for the state ministry of works as it embarks on massive inter-town road constructions across the state. This is [...]

November 1, 2013 Government and politics
Rescue-officers

Chemical emission renders 22 pupils unconscious in Lagos

Teachers and students of Ogba Junior Grammar School  in Lagos, were, on Thursday afternoon, hospitalised after reportedly inhaling suspected toxic chemical. Four people, who are workers at a nearby  laboratory have been arrested in connection with the incident . About [...]

November 1, 2013 General
Bauchi Police Kill Robbery Suspect, Arrest Four

Bauchi Police Kill Robbery Suspect, Arrest Four

The Bauchi State Police Command, Tuesday, killed an armed robbery suspect and arrested four others in Gadar Maiwa Village in Ningi Local Government Area of the state.   Police Public Relation Officer, Deputy Superintendent of Police Haruna Mohammed, who confirmed [...]

October 31, 2013 Incidents
FGN ASUU AGREEMENT

AGREEMENT BETWEEN THE FEDERAL GOVERNMENT OF NIGERIA (FGN) AND THE ACADEMIC STAFF UNION ASUU

Please feel free to download your copy of the agreement between the Federal Republic of Nigeria (FGN) and The Academic Staff Union (ASUU):   PREVIEW 1 PREAMBLE 1.2 Establishment of the Federal Government of Nigeria (FGN)/Academic Staff Union of Universities [...]

October 31, 2013 General
CBN-headquarters-Abuja

CBN to receive ISO 27001 certification

The Central Bank of Nigeria is to receive the International Standard Organisation ISO 27001:2005 Certificate issued by the British Standards Institution Assurance UK Limited. A statement by the bank on Wednesday said the ISO certification, the highest accreditation for information [...]

October 31, 2013 Finance
Investors eye captive power to improve supply after PHCN takeover

Investors eye captive power to improve supply after PHCN takeover

By: FEMI ASU Eagerly awaiting the physical handover of the privatised Power Holding Company of Nigeria’s (PHCN) successor companies by the Federal Government, buyers of the distribution companies (Discos) are considering tapping into off-grid electricity after takeover to provide better services [...]

October 31, 2013 Power
Nigeria Broadband

Broadband Expansion – Driver of N150bn e-commerce industry

By; Ben Uzor Jr Nigeria’s N150 billion electronic commerce industry is set for significant growth in the next few years, riding on the back of sustained efforts by the Federal Government and the private sector to enhance broadband availability, analysts have [...]

October 31, 2013 Technology, Telecomms
Nigeria's central bank wants inflation in a range between 6-9 percent, its governor Lamido Sanusi told Reuters on Wednesday, lowering the regulator's previous target of keeping in single-digits.

CBN Lowers Inflation Target to 6-9%

Nigeria's central bank wants inflation in a range between 6-9 percent, its governor Lamido Sanusi told Reuters on Wednesday, lowering the regulator's previous target of keeping in single-digits.   Inflation in Africa's top oil exporter fell to a fresh five-year [...]

October 31, 2013 Finance
'N1tn Spent On Vehicle Importation In 2012' – NAC

‘N1tn Spent On Vehicle Importation In 2012’ – NAC

The Director-General, National Automotive Council, Alhaji Aminu Jalal, said on Tuesday that the country spent about N1.2tn on the importation of various brands of vehicles last year.   He said the vehicles ranged from fairly used cars, to brand new [...]

October 30, 2013 Transportation
Ogun Okada Riders Go Violent in Court, 25 Arrested

Ogun Okada Riders Go Violent in Court, 25 Arrested

Members of rival factions of the Amalgamated Commercial Motorcycle Owners and Riders Association (ACOMORAN) engaged in a violent clash that left several persons injured in Abeokuta on October 30, 2013, Wednesday. Two factions of the commercial motorcyclists, a.k.a. Okada riders, [...]

October 30, 2013 Incidents
Chinua Achebe

‘UN To Honour Late Achebe Next Month’

The United Nations has devoted Friday, November 15, 2013 to late Professor Chinua Achebe who died last march in Boston, US. Achebe was once a UN Goodwill ambassador from 1999 to 2005. The event holds at Dag Hammarskjold Library Auditorium, [...]

October 30, 2013 Literature
MFBs, PMBs change strategy over $300m fund, recapitalisation

MFBs, PMBs change strategy over $300m fund, recapitalisation

By: John Omachonu &  Hope Moses-Ashike A flurry of realignments is currently going on in the other financial institutions segment of the banking industry as microfinance banks (MFBs) are taking advantage of the proposed creation of the $300 million mortgage refinancing fund [...]

October 30, 2013 General
Andrew-Yakubu

Crude oil production erratic since February – NNPC

Crude oil production in the country has been inconsistent since February this year, the Nigerian National Petroleum Corporation has said. According to the corporation, the country’s production has been fluctuating between 2.2 million barrels per day and 2.3mbpd. The Group [...]

October 30, 2013 General
MSMEs

MSMEs contribute 47% to Nigeria’s GDP – SMEDAN

THE Director General of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Bature Masari, has said that Micro, Small and Medium Enterprises MSMEs contributes 46.54 percent to Nigeria’s Gross Domestic Product, GDP. Masari made this disclosure during the post-humuos [...]

October 30, 2013 General
Jonathan to Present 2014 Appropriation Bill November 12

Jonathan to Present 2014 Appropriation Bill November 12

By Onwuka Nzeshi and Omololu Ogunmade   President Goodluck Jonathan will on Tuesday, November 12, present the 2014 Appropriation Bill to a joint session of the National Assembly.   This was contained in letters Jonathan sent to the two chambers of [...]

October 30, 2013 General
World Bank ranks Nigeria 122nd best place for business

Doing Business Report – World Bank ranks Nigeria 122nd best place for business

Singapore and Hong Kong top the Doing Business list of the 10 most business-friendly places in the world. Rwanda, Russian Federation, and Philippines are among the most improved in the annual survey of 189 economies. The gap between the best [...]

October 30, 2013 General
Nigeria-football-fans-300

Eaglets cruise into quarter final – Nigeria U17 4-1 Iran U17

By Shina Oludare Nigeria defeated Iran 4-1 to book a place in the quarter finals of the Fifa U17 World Cup in the United Arab Emirates on Tuesday evening. First half goals from Samuel Okon, Kelechi Iheanacho, Musa Muhammed and [...]

October 29, 2013 General
Jonathan

The President commiserates with wife, children and relatives – former Chief of General Staff, Vice Admiral Mike Akhigbe

In a press statement by his special adviser on media and publicity, Reuben Abati, President Goodluck Jonathan described the late Akhigbe as a courageous officer who served his country patriotically during his career in the armed forces. President Jonathan also [...]

October 29, 2013 General