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Author: Ifoh Obi

Business Slider 

Economists Laud CBN For Retaining MPR At 11.5%

Ifoh Obi

Some economists on Wednesday in Lagos, commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria for leaving all Monetary Policy Rates (MPR) unchanged. The experts who gave the commendations said the committee took an ‘excellent resolution’ by leaving key parameters unchanged. The committee had on Jan. 26 decided by a unanimous vote to retain the MPR at 11.5 per cent; the asymmetric corridor of +100/-700 basis points around the MPR; the CRR at 27.5 per cent; and the Liquidity Ratio at 30 per cent. MPR is the…

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Politics Slider 

Lawan: PIB ‘ll Ensure Nigerians Benefit Optimally From Resources

Ifoh Obi

……..As Senate begins public hearing on bill President of the Senate, Ahmad Lawan, has said that the Petroleum Industry Bill (PIB) presently before the National Assembly will ensure that Nigerians benefit optimally from crude oil production and sale of fossil fuel reserves. Speaking while declaring open a 2-day public hearing on the bill Lawan said the National Assembly in its consideration of the piece of legislation, would ensure that the bill when passed into law, guarantees improved revenue earnings for the country. Lawan added, “let me say this, we (National…

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News Slider 

NiMet Predicts 3 Days Sunshine, Haziness From Tuesday

Ifoh Obi

The Nigerian Meteorological Agency (NiMet) has predicted sunshine and haziness conditions from Tuesday to Thursday across the country. NiMet’s weather outlook released on Monday in Abuja predicted sunny and hazy conditions over northern region with chances of dust haze condition over Yobe, northern Borno and Jigawa throughout forecast period on Tuesday. According to it, the North Central region is expected to be in sunny and hazy atmosphere during the forecast period. The agency predicted patches of cloud in hazy condition over the inland within the forecast period moving down the…

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News Slider 

Fashola: FG Executing 43 Projects Within Tertiary Institutions

Ifoh Obi

The Minister of Works and Housing, Mr Babatunde  Fashola, has stated that his ministry was currently executing 43 road projects within tertiary institutions across the country with a view to enhancing the learning environment. The Director of Press and Public Relations in the ministry, Mrs Boade Akinola, in a statement to newsmen, on Sunday, quoted the minister as saying this while handing over a 2km internal road project, rehabilitated and reconstructed by his ministry at the Federal University of Agriculture, Makurdi, Benue State. The Minister, who was represented  at the…

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Politics Slider 

INEC Dismisses As Fake, News On Continuous Voters Registration

Ifoh Obi

The Independent National Electoral Commission (INEC) has urged Nigerians to ignore fake news making the round that it would resume its Continuous Voter Registration (CVR) on Monday. The commission, in a flyer titled “Fake News Alert” on its social media on Sunday, said no date had been fixed for such exercise. “INEC wishes to inform the general public that no date has been fixed for the resumption of the CVR. “We implore Nigerians to ignore the fake news making the rounds that the commission will open the register of voters…

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From States Slider 

Minister Flags Off Disbursement Of N20,000 To FCT Women

Ifoh Obi

The Minister of State for the Federal Capital Territory (FCT), Dr Ramatu Aliyu, on Thursday began disbursement of N20,000 grants to 5,000 rural women in FCT. The one-off grant is part of measures to reduce poverty among rural women. Aliyu said at the event that the rural women empowerment project would have beneficiaries in the six FCT area council. “You will agree with me that the launch of this programme is a bold statement that the government is reiterating the readiness to do all that is necessary to join the comity…

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News Slider 

IGP Inaugurates Scheme To Distribute 200,000 Motorcycles To Police Officers

Ifoh Obi

The Inspector-General of Police (IGP), Mr Mohammed Adamu, has inaugurated a scheme for distribution of 200,000 motorcycles on soft loan to interested police personnel. At the inauguration of the scheme in Abuja on Thursday, Adamu said the initiative was in recognition that motivation of workforce would improve service delivery. He said the scheme was being executed through the Nigeria Police Cooperative Multi-Purpose Society, in collaboration with ROT-SHADE Global Resources Ltd., a private firm. According to the I-G, the initiative is another milestone in the efforts of the force to put the…

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News Slider 

NiMet Predicts Dust Haze, Cloudy Weather Conditions Thursday To Saturday

Ifoh Obi

The Nigerian Meteorological Agency (NiMet) has predicted dust haze and cloudy weather conditions from Thursday to Saturday. NiMet`s weather outlook released on Wednesday in Abuja predicted dust haze with visibility range of two  kilometres to five kilometres and localised visibility less than or equal to 1000m over northern region on Thursday. According to the agency, dust haze with visibility range of two kilometres to  five kilometres and localised visibility less than or equal to 1000m is envisaged over the North Central throughout the forecast period. The agency anticipated hazy atmosphere…

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Politics Slider 

Senate President  Lauds Armed Forces Efforts In Restoring Security

Ifoh Obi

President of the Senate, Ahmad Lawan, on Tuesday lauded the efforts of the Armed Forces in restoring security to parts of Nigeria, saying that the spate of insecurity across states is gradually being reversed. Speaking when he received a delegation from Adamawa State who paid him a visit in appreciation to the National Assembly for converting the Modibbo Adama University, Yola, into a conventional University that can run medical programmes alongside social and management sciences, Lawan said the conversion of the university was the outcome of a collaborative effort between…

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News Slider 

IGP Upgrading Police Officers’ Mess, Onikan To Hotel, Says Force PRO

Ifoh Obi

The Inspector General of Police (IGP) Mr Mohammed Adamu, has no plans to sell the Nigeria Police Officers’ Mess at Onikan, Lagos State, according to the Force Public Relations Officer (FPRO) Mr Frank Mba. Mba in a statement issued in Abuja, said that the clarification became necessary following reports by a section of the media on Sunday, alleging a plot by the IG to sell off the facility.   He said the publication was untrue, adding that the officers’ mess, Onikan, was conceived decades ago and built to cater for the welfare of…

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