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Farooq

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Full speech of President Muhammadu Buhari at the budget signing ceremony in Abuja today. ” It gives me great pleasure today to sign the first full-year budget of this administration into law. I thank the leadership of the National Assembly, in particular, the Senate President and the Speaker of the House of Representatives, and indeed […]

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By Felix Onuah Nigeria’s President Muhammadu Buhari signed the delayed 2016 budget into law on Friday, a Reuters witness said, ending wrangling with lawmakers that had lasted for weeks. The record 6.06 trillion naira ($30.6 billion) budget triples capital expenditure in Africa’s top oil exporter from 2015 and aims to stimulate an economy hit hard […]

By Ugo Nwagwu Senator Ben Murray-Bruce Thursday released on his Facebook account, snippets of a bill he plans to introduce to the Senate. The ‘Common Sense” Senator called the bill, the Right of Return Bill. He shared this, “The #RightofReturnBill will attract African American and Euro African diaspora willing to make Nigeria the domicile for […]

By Adamu Abuh Indications emerged yesterday that the National Assembly has re-presented a newly repackaged 2016 Appropriation Bill to President Muhammadu Buhari. It was gathered that the Deputy Speaker of the House of Representatives, Mr. Sulaimon Yusuf Lasun submitted the repackaged budget to the two Presidential liaison officers to the president: Suleiman Kawu Sumaila of […]

ABUJA May 5 (Reuters) – Nigeria’s President Muhammadu Buhari on Thursday urged other countries and the United Nations to speed up the process of repatriating stolen money held abroad, which he said was becoming “tedious”. Since taking office last May, after winning an election largely on his vow to crackdown on corruption, Buhari has sought […]

NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 6/5/2016 320/323 360/363 460/465 5/5/2016 318/322 360/363 458/463 4/5/2016 318/322 360/363 455/460 3/5/2016 318/322 360/363 455/460 29/4/2016 318/321 358/363 450/455  

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The minister of finance, Kemi Adeosun said during a television program that the Buhari administration inherited an empty treasury. Adeosun said this on Thursday. May 5, 2016, on a Channels Television program, Sunrise Daily. She also said “What we are now trying to do is reset the economy so that we never end up in […]

The average middle class Nigerian according to 2011 survey of the group makes between N75,000 and N100,000 monthly which is around $250 and $330 in today’s money (since we like dollar too much). But as we know, we are in a period of economic crises and jobs are being lost left and right. Now many […]

The European Union (EU), has urged Nigeria Government to increase export of agricultural produces like rubber, cocoa and palm oil to the EU countries. The Head of EU Delegation to Nigeria and ECOWAS, Mr Michel Arrion, stated this at a press conference on commemorate the 40 years of EU-Nigeria partnership on Wednesday, in Abuja. Arrion […]

By Femi Asu The participation of local firms in the Nigerian oil and gas industry may have fallen significantly as the slump in global crude oil prices has left many of them without contracts. The sharp drop in prices has forced oil companies, including the big ones, to cut capital expenditure budgets, lay off employees […]