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National Assembly Responsible for ‘Missing’ 2016 Budget – Presidency

The Muhammadu Buhari presidency has denied withdrawing the 2016 budget submitted to the National Assembly on December 22, 2015. Reacting to the sudden ‘disappearance’ of the budget from the federal legislature Tuesday, Senior Special Assistant to the President on Media and Publicity, Mr. Garba Shehu said enquiries as to the …

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Investors Flee As Nigeria Faces More Reduced Ratings

Barely two weeks after Nigeria was removed from the JPMorgan bond index,analysts predict that the country faces further reduced credit ratingsin another two weeks. Standard & Poor’s is expected to release a review of its assessment onSeptember 18. It currently rates Nigeria at four levels below investmentgrade at B+ with …

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Dangote Cuts Nigeria Cement Price to Boost Consumption

Dangote Cement Plc, Africa’s largest producer of the building material, cut prices in its home market of Nigeria in an attempt to boost cement consumption and compete with imports. The price cuts to its 3X cement brand by 6,000 naira ($30.23) per metric ton will still allow Dangote to achieve …

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” There will be special courts for looters ” – Buhari

The Federal Government has begun moves to establish special courts to try corruption-related cases as part of the efforts to fight graft in the country. Investigations on Friday revealed that President Muhammadu Buhari was opting for a comprehensive onslaught against the problem of corruption in the country. It was learnt …

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IF Buhari Does Not Kill Corruption it will Kill Buhari

We seem to forget what we hated so much about Buhari and Obasanjo, even under his civilian rule. Buhari may come out even worse if he cannot get his way on corruption. Nigerians need a decisive leader to set wayward and erring criminals that are willing to take advantage of …

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N100m fraud: Fani-Kayode to know fate July 1

A federal high court in Lagos on Thursday fixed July 1 for judgment in the money laundering trial of former finister of aviation, Femi Fani-Kayode. Rita Ofili-Ajumogobia, the presiding judge, adjourned the case to July 1 following the absence of Festus Keyamo, the lead prosecuting counsel. The judge had refused …

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