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Sunday 23rd February 2020,
Hope for Nigeria

Okotie acquires Rolls Royce Coupe to commemorate his 30 years as born-again Christian and 27 years as a pastor.

Pastor Chris Okotie of the Household of God Church International,has added a Rolls Royce Coupe, the 2014 Bespoke Edition, to his acquisitions. The Punch reported that the controversial pastor and former pop star bought the car to commemorate his 30 [...]

December 22, 2013 Africa

BREAKING NEWS – Nigeria’s First Indigenous Drone Flight

The country’s first indigenous unmanned aerial vehicle, GULMA, designed and constructed by the Nigerian Air Force (NAF), was presented to President Goodluck Jonathan in Kaduna on December 17, 2013, Tuesday. At the same time, despite some rumours that the UAV [...]

December 22, 2013 Security, Transportation

World Cup: Nigeria camp to open May 25

The Super Eagles handler has proposed to the Nigeria Football Federation for the national team to camp in the United States of America ahead of the 2014 World Cup. Super Eagles camp for the 2014 Fifa World Cup will open [...]

December 20, 2013 Sports
Gloria Elemo FIIRO

The Question of Budgetary allocation to science – FIIRO DG

The Director General, Federal Institute of Industrial  Research (FIIRO), Dr. Gloria Elemo, said that availability of  funds has limited the scope of the institute’s research and ability to deliver effectively. While noting that the nation needs the institute to achieve [...]

December 20, 2013 Key sectors

Nigerian Defender Egwuekwe Reveals Offers From Belgian, Serbian Clubs

The Super Eagles and Warri Wolves defender, Azubuike Egwuekwe, has said clubs from the Serbian SuperLiga and the Bulgarian league are interested in signing him. The defender, currently with Warri Wolves FC, said he may likely leave African Nations Championship, [...]

December 20, 2013 Sports
African Development Bank

AfDB Approves $184m Loan for Power Sector

Obinna Chima with agency report   The African Development Bank (AfDB) Thursday disclosed it had approved $184.2 million loan to encourage private investments in the Nigerian power sector. The approval was contained in a statement issued by the institution which [...]

December 20, 2013 Africa
revenue formula

Draft new revenue formula ready —RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission on Thursday said the long awaited draft new revenue formula was ready. A statement issued in Abuja by Chairman, Public Affairs and Communication Committee, RMAFC, Ambassador Zubairu Dada, said the draft would now [...]

December 20, 2013 Finance
Nigeria targets 30 percent broadband penetration by 2017

Nigeria targets 30% broadband penetration by 2017

Nigeria’s, Africa’s most populous nation of more than 160 million people, wants to reach a 30 percent broadband penetration by 2017, Information and Communication Technology Minister Omobola Johnson said. “We are working towards our target for data penetration, that’s broadband,” [...]

December 20, 2013 Telecomms
increment in cargo traffic in 3rd quarter

NPA records 2.6% increment in cargo traffic in 3rd quarter

The Nigerian Ports Authority (NPA) has recorded an increase of 2.6 percent in cargo throughput for the third quarter of 2013 representing a total  increase of over 500,000 containers  above the 2012 statistical data.   In a statement signed by [...]

December 20, 2013 Transportation

Nigeria, DRC hardly hit by malaria – WHO

Nigeria and the Democratic Republic of Congo are adjudged as countries hard hit by malaria in Sub-Saharan Africa, the World Malaria Report 2013 published by the World Health Organisation (WHO) last week reveals. With the malaria burden concentrated in these [...]

December 20, 2013 General

Coca-Cola, Friends of Global Fund Africa partner to ensure AIDS free generation

AS part of efforts towards AIDS-free generation, Coca-Cola in partnership with Friends of the Global Fund Africa has kick-started a programme to address issues of knowledge and stigmatization. The theme of the partnership is “Shared Responsibility: Strengthening Results for an [...]

December 20, 2013 Economy

Again, Kano Gives out 1,111 Persons in a Mass Wedding

The Kano State Hisbah Board yesterday gave out 1,111 persons in marriage after disqualifying 35 other persons from the mass wedding for several reasons, ranging from pre-marital pregnancy and even being carriers of the HIV/AIDS virus. The state Commandant General [...]

December 20, 2013 General
SEC approves minimum capital for market operators

SEC approves minimum capital for market operators

Pursuant to Section 313(6) of the Investments and Securities Act (ISA) 2007, the board of the Securities and Exchange Commission (SEC) has approved the new minimum capital requirements for all categories of Capital Market Operators. Following the amendments, the capital [...]

December 19, 2013 Finance
Iyabo’s 11-page letter to her father,Gen. Obasanjo

NEXIM Bank to increase operational funds of mining sector to 10%

Managing Director, Nigeria Export-Import (NEXIM) Bank, Mr Robert Orya, said the operational funds to the mining sector would be increased to 10 per cent to develop the sector. Orya, who spoke to the News Agency of Nigeria (NAN) in Abuja, [...]

December 19, 2013 Key sectors

Jonathan Delegates Okonjo-Iweala to Present Budget to National Assembly

By Omololu Ogunmade and Muhammad Bello President Goodluck Jonathan Wednesday assigned the Coordinating Minister for the Economy and  Minister of Finance, Dr. Ngozi Okonjo-Iweala, to lay the 2014 budget before a joint session of the National Assembly on his behalf. [...]

December 19, 2013 Finance

Nigeria: Airtel, Google Give Customers Free Internet Service

Leading telecommunications service provider, Airtel Nigeria and Google today launched a unique Internet service tagged Free Zone powered by Google. This service allows customers to access mobile web search and other feature-phone-friendly versions of Gmail and Google+ without getting billed. [...]

December 19, 2013 Technology

US tasks Nigeria on implementation of anti-oil theft measures

Against the backdrop of surging crude oil theft in Nigeria, the United States (US) has urged the Nigerian government to implement measures to curb large-scale oil theft in the Niger Delta. The appeal came at the end of a seven-day [...]

December 19, 2013 Business

Okorocha Declares 17 Days Holiday for Workers

To ensure that workers have time to enjoy their Christmas and New Year celebrations, Imo State Governor, Chief  Rochas Okorocha, has approved 17 work-free days for civil servants in the state. The governor made this public Wednesday, while hosting all [...]

December 19, 2013 Employment

Mandela signer admitted to mental clinic

The sign language interpreter at Nelson Mandela’s memorial, who said he suffered a schizophrenic episode during the service after being labelled a fraud, has been admitted to a psychiatric hospital, South African media reported. Thamsanqa Jantjie sparked outrage with his [...]

December 19, 2013 General
Akinwunmi Adesina

Cassava bread: Ministry, BoI seal N4.3bn pact

The Federal Ministry of Agriculture and Rural Development and the Bank of Industry on Tuesday sealed a N4.3bn pact for the production of cassava bread. The agreement jointly signed in Abuja by the Minister of Agriculture, Dr. Akinwumi Adesina, and [...]

December 19, 2013 Agriculture

Poor Telco Services – FG GetsTough

Davidson Iriekpen and Raheem Akingbolu From January 1, 2014, service providers in the telecommunications sector that do not meet previously agreed targets on Quality of Services indicators will be prevented from further expansion of their subscribers’ base. The Minister of [...]

December 19, 2013 Telecomms
Indonesia Nigeria

Indonesia moves to boost trade with Nigeria

•Targets N80.4bn trade volume in 2013 By YINKA KOLAWOLE The Republic of Indonesia is committed to initiatives that will facilitate increased trade between it and Nigeria, with a target of about N80.4 billion trade volume in 2013. Director of Indonesian [...]

December 19, 2013 Business

Fuel scarcity looms as oil workers threaten strike January

Nigeria may experience nationwide scarcity of petroleum products immediately after the yuletide if the threat to ground operations in the oil and gas sector beginning from January 1, 2014 is carried out by workers in the industry. The workers, under [...]

December 19, 2013 Oil & Gas

Budget: Senate, Reps settle for $77.5 oil benchmark

Strong indications emerged on Tuesday that the Senate and House of Representatives had agreed on $77.5 as the oil price benchmark for the 2014 budget. The development came just as the Minister of Finance, Dr. Ngozi Okonjo-Iweala, might present the [...]

December 19, 2013 Finance


The State Commissioner for Information and Strategy,Mr Sunday Akere has called on civil servants in the state to be careful during this period of harmattan by switching off all electrical appliances in government offices before closing each day. Mr Akere [...]

December 18, 2013 Economy, Power

Purported Iyabo Obasanjo’s letter a forgery – ex-President Obasanjo’s family members, aides

Spokespersons and family members of ex-President Obasanjo allege presidency officials forged the letter as a way of getting back at Mr. Obasanjo over his acerbic letter to President Jonathan A shocking letter purportedly written by Iyabo Obasanjo-Bello, daughter of former [...]

December 18, 2013 Government and politics

Gov Dickson proposes N299bn 2014 budget, to lift embargo on employment

Governor Henry Seriake Dickson has budgeted N299.2 billion as Appropriation Bill for the 2014 Fiscal year.  Dickson, who presented the budget estimate christened ‘Budget of Further Consolidation’ noted that Bayelsans have every reason to look back with gratitude as people can [...]

December 18, 2013 Economy, Employment

Nigeria’s Business Environment is Loaded with Incentives – Sambo

Vice President Namadi Sambo on Tuesday said the Nigerian business environment is very attractive and loaded with several incentives. The Vice President stated this when he received in audience the Japanese Ambassador to Nigeria, Mr. Ryuichi Shoji, in his office [...]

December 18, 2013 Business

BMW 3-Series GT breaks cover in Nigeria

It was another pleasurable moment in Lagos, Nigeria’s commercial capital and the heartbeat of automotive business when Coscharis Motors, sole franchisee of BMW brand, pulled off the veil to herald the arrival of the BMW 3 Series Grand Turismo (F34). [...]

December 18, 2013 Technology
Iyabo’s letter to OBJ

Iyabo’s letter to OBJ

Iyabo’s 11-page letter to her father,Gen. Obasanjo – download your copy at the bottom of page “It brings me no joy to have to write this but since you started this trend of open letters I thought I would follow [...]

December 18, 2013 General