Nigeria Appoints VP As Acting President

Acting President Osinbajo

The Nigerian vice-president has been named Acting President as the government moves to stem fears associated with the absence of President Muhammadu Buhari amid a struggle get oil industry corruption and militant attacks under control.

On Friday, Nigerian media reported that Buhari, who has

Food prices surge, inflation too - Leadership reports

As the latest inflation rate is pegged at 18.72 per cent from 18.55 per cent by figures released by the National Bureau of Statistics (NBS), showing a 0.17 per cent rise in the consumer price index (CPI), Nigerians, in no small measure, are feeling the bite, as the prices of foodstuff maintain an upward trend.

Borno, Oyo records N164 per litre

Despite the economic recession, consumers of Premium Motor Spirit (PMS) in Borno, Oyo and Ebonyi paid N164.09, N161, and N156.47 per litre respectively in January 2017.

This is above the regulated price of N145 per litre, as specified by the Petroleum Products Pricing and Regulatory Agency (PPPRA).

FG yet to decide on World Bank loan value

Sen. Udo Udoma, Ministr for National Planning

Nigeria is yet to decide on the size of the loan it wants to apply for at the World Bank to fund 2017 budget deficit.

The Minister of Budget and National Planning, Udoma Udo Udoma told State House Correspondents yesterday after the weekly Federal Executive Council (FEC) meeting presided over by the Acting President, Yemi Osinbajo, that the figure will depend on the (2017) budget approved by the National Assembly.

Nigeria, 8 others to reduce deaths by 2022

Nigeria and eight other countries have committed to halving maternal and newborn deaths in health facilities within the next 5 years. The other countries are Bangladesh, Cote d’Ivoire, Ethiopia, Ghana, India, Malawi, Tanzania and Uganda – committed to halving preventable deaths of pregnant women and newborns in their health facilities.

AMCON takes over troubled Arik

Less than 72 hours after it took over Arik Air, Asset Management Corporation of Nigeria (AMCON) said its intervention is aimed at providing assistance to the airline for smooth flight services.

This was contained in a statement yesterday.

Investigations revealed virtually all of Arik’s trade creditors are being owed staff salaries.

The airline workers have not been paid for between 4- 6 months.

Buhari writes Senate, Osinbajo respects privacy

Aisha Buhari on arrival at the Nnamdi Azikiwe International airport

Only the doctors currently attending to President Muhammadu Buhari in the United Kingdom have the last say on when he can return to Nigeria, according to an update on his vacation yesterday.

The doctors, Buhari said in his February 5 letter to the Senate seeking an extension of his vacation, must be “satisfied that certain factors are ruled out” before he can be let back home.