Shola Shittu

Dangote to FG: Reverse Power Privatisation

The President/CEO Dangote Group, Aliko Dangote has said the power sector privatisation was done wrongly and suggested it should be reversed. He said the problem in the power sector has persisted despite privatisation because the buyers lack understanding of the...

Oil, Gas sector, key ways out of Economic Recession – Buhari

…FG targets 2.2mbd oil output by 2017 …To strip states of 13% derivation proceeds; plans $10bn N-Delta infrastructure fund …Explains why refineries won’t be privatised; Says NNPC corruption allegations are overblown Despite the  crash in the prices of crude oil in the international market,...

NSE Index rises as 15 Stocks Appreciate

The Nigerian Stock Exchange(NSE)  All-Share Index advanced by 0.43 per cent on Thursday as 15 stock recorded gains in the course of trading. The positive close at the Nigerian equities market brings the year-to-date return to 4.91 per cent...

$2.1bn arms cash: Ex-leaders,Top Monarchs, Clerics among Beneficiaries

There were indications that former Nigerian leaders, traditional and religious leaders from across the country were listed as beneficiaries of the $2.1bn arms funds in the final report of the Presidential panel which probed military contracts from 2007 to...

‘Northeast lost over $9b to Insurgency’

The Northeast has lost over $9 billion to insurgency in the last seven years. This is as the National Assembly has also appropriated N12 billion in the 2017 budget to rebuild the zone. Vice Chairman of the Presidential Committee on Northeast...

National Assembly takes over control of CCB, CCT from Presidency

• Adjusts tenure of CCB boss, members • Senators exchange words over amendments The National Assembly transferred the power of the president to control the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT) to itself. At the conclusion...
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