Osinbajo commissions power plant

VP Osinbajo

The 252 megawatt-capacity GbarainUbie power plant being built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Project (NIPP) would be ready for commissioning by the end of first quarter 2017, the Managing Director of NDPHC, Mr. Chiedu Ugbo has said.

NIMASA D-G faces re-trial over N304.1m fraud

Justice Mojisola Olatoregun,

A Federal High Court in Lagos, Monday ordered a trial-within-trial to test the voluntariness of statements obtained from a former acting Director General of NIMASA, Haruna Jauro, facing N304.1 million fraud charges.

The trial judge, Justice Mojisola Olatoregun, gave a brief ruling ordering a trial-within-trial, when counsel representing the accused, Mr. Olalekan Ojo, raised objection to the tendering of his client’s statement on the grounds that it was not made voluntarily.

Buhari is alive, I spoke to him

Acting President Osinbajo

Vice an acting President, Yemi Osinbajo, has disclosed that he spoke to President Muhammadu Buhari yesterday, insisting that he was hale and hearty.

Buhari had on Sunday written to the Senate notifying it of the extension of his vacation in order to complete and receive the results of tests recommended by his doctors. His letter to the Senate did not state when he will be back in the country.

Appoint most senior Justice, CJ! - Olanipekun, SAN

 The Constitution

There is no gainsaying or debating the fact that Nigeria operates a constitutional democracy, which also recognises, in the main, three arms of government, that is, the Executive, the Legislature and the Judiciary. The Constitution of the Federal Republic of Nigeria, 1999 (as amended) (the Constitution) is pre-eminently not just the organic law, but also the grundnorm.

Why we could secure release of more Chibok girls

Lai Mohammed

The Minister of Information, Culture and Tourism, Lai Mohammed, in this interview, gives reasons, he described members of the Bring Back Our Girls, BBOG, as opposition, the Buhari’s administration insists on probing the immediate past administration, and the need for Nigerians to appreciate the defeat of Boko Haram, saying that it would translate to serious developments. He also spoke on other issues of interest.

Local rice production increase threatens importation

local rice farm in Nigeria

If there were still doubts about the fact that there has been a significant increase in the volume of rice produced in the country in recent years, the  impressive number of bags of Made-in-Nigeria rice that were in the market during the festive season would certainly have dispelled them.

Nigeria's imports drop 47% - Bureaus of Statistics

Nigeria’s capital imports slumped to a nine-year low in 2016, as Africa’s biggest economy battled a weaker currency and its first recession in 25 years.

The National Bureau of Statistics (NBS) said yesterday that capital importation into Nigeria fell 47 per cent last year to $5.12 billion, largely because the weak currency meant fewer dollars were required for the same naira investment. It said $9.64 billion was imported in 2015, reported Reuters.

“This was the lowest value since the (data) series started in 2007, which reflects the numerous economic challenges that afflicted Nigeria in 2016,” the statistics office said.

Equity investments from portfolio investors and direct investment rose sharply from 2012 to 2014, at a time when Nigeria was one of the fastest growing economies in the world and a top destination for investment.