Author: Admin

Nigeria remains investors’ choice – IMF

Admin

The International Monetary Fund (IMF) has said Nigeria remains investors’ choice, saying, it was pleasantly surprised to receive numerous indication of interest by investors eager to invest in Nigeria. Senior Financial Sector Expert, Debt and Capital Market Instruments Division, Monetary and Capital Markets Department, International Monetary Fund (IMF), Miriam Tamene, stated this during a visit of IMF Team to the Securities and Exchange Commission (SEC) in Abuja recently. However, she urged monetary and regulatory authorities in Nigeria to introduce policies that would bring down the inflation rate in the country…

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2019: I can’t be President Buhari’s running mate – Senator Tinubu

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A national leader of the All Progressives Congress, Ahmed Tinubu, has said there is no truth in the speculation that he may emerge as President Muhammadu Buhari’s running mate for the 2019 presidential election. Tinubu described as a “classic case of utterly and irredeemably-fake news,” the report in a national daily that he was being mooted as Buhari’s running mate in 2019 to boost the APC’s chances in the South-West. According to a statement by his Media Officer, Tunde Rahman, the APC chieftain said it was speculated in the said…

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Dangote refinery to create 4,000 jobs, crash prices

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Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He said that the refinery would lower the prices of petroleum products in Nigeria and save some costs on importation. “ The refinery will have the capacity to refine 650,000 barrels of crude oil per day while the petrochemical plant…

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Former Bayelsa Commissioner shot dead by unknown gunmen

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Former Commissioner for Investment, Trade and Industry, Ayekeme Masa, in Bayelsa state has been shot dead by unidentified gunmen in Yenagoa, the state capital. He died at the Federal Medical Centre Yenagoa where he was rushed to. The late Masa, who served in the first tenure of Governor Seriake Dickson, was shot in the early hours of Sunday at his residence along Palm Avenue behind the popular Bolex lounge in Yenagoa. Bayelsa State‎ Police Command spokesman, Asimin Butswat, confirmed the incident, adding that investigation into the murder had commenced. He…

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Timaya may become first Nigerian-based act to win Grammy award, bags nomination

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King of afro-dancehall, Timaya, may become the first Nigerian-based act to win Grammy award, haven bagged a Grammy Nomination for featuring on Morgan Heritage’s album “Avrakedabra. The first Nigerian, though not based in Nigeria, who won an award at the Grammy was Cynthia Erivo, a singer and actress born in London to Nigerian immigrants Cynthia had won a Grammy for Best Musical Theatre Album for the cast recording of the musical The Color Purple in 2016. However, Timaya who featured alongside Ghanaian Afro-pop singer, Stonebwoy, Chubb Rock, Stylo G, Bunji…

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iPhone 8 and X ranked as 2nd and 3rd most searched terms in 2017

Admin

Google has released its annual Year in Search, revealing the top trending search terms of 2017. The iPhone, not too surprisingly, ranked high — specifically the iPhone 8, which hit No. 2 on the list, and the iPhone X, which ranked third. The top trending worldwide term was Hurricane Irma. 2017 was a big year for the iPhone. Apple marked the 10-year anniversary of the first iPhone by releasing the iPhone 8 and iPhone 8 Plus, as well as the dramatically redesigned iPhone X. Although Apple didn’t take the wraps off the phone until September, rumors about the 10-year anniversary iPhone were…

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Brazilian president Michel Temer to undergo new health tests

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Brazilian President Michel Temer will undergo urological tests Wednesday, his office said, following a series of concerns over his health. He will be examined at the Sirio-Libanes Hospital in Sao Paulo, the statement said. In October, the 77-year-old Temer underwent surgery for an enlarged prostate gland at the same hospital. In November, he had angioplasty in three blocked coronary arteries. A spokesman said the latest hospital visit was just a check-up. The center-right president took over in 2016 after leftist Dilma Rousseff was removed in an impeachment trial for breaking…

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OIC declares East Jerusalem Palestine capital, flays Trump

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Muslims nations grouped under Organisation of Islamic Cooperation(OIC) have declared East Jerusalem as the capital of the State of Palestine, while at the same time stripping America’s leader Donald Trump the role of a peacemaker in the region. In a draft declaration prepared for the summit of the Muslim leaders in Istanbul, Turkey on Wednesday, the leaders said they considered Washington’s decision to recognise Jerusalem as the capital of Israel as a sign of U.S. withdrawal from its role as a sponsor of Middle East peace. The draft statement said…

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How we resolved fuel crisis – NNPC

Admin

The Nigerian National Petroleum Corporation (NNPC) has stated that the truck out of 1,300 truckloads of Premium Motor Spirit (PMS) also known as petrol from its depots daily, has helped to clear the current fuel scarcity witnessed across the country. Dr Umaru Ajiya, Managing Director, Petroleum Products Marking Company (PPMC) disclosed this to Newsmen, on Wednesday while monitoring various filling stations in Abuja. The Filling stations visited were Oando PLC Mabushi, Total filling station in Wuse Zone 3, Conoil PLC in the Central Business District and AYM Shafa in Apo district. The…

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FG generates N17bn from VAIDS

Admin

The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised the sum of N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in Lagos on Wednesday, at a media workshop on VAIDS. Flower said that the N17 billion was voluntarily paid by some companies through VAIDS, an amnesty programme inaugurated by the government for taxpayers to regularise their tax status relating to previous tax periods. According to him, the initiative is making progress…

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