Joseph Bakare The Vice Presidential Candidate of the Peoples Democratic Party (PDP), Peter Obi has criticized the level of the development of Nigeria, pointing that any country in the world that cannot feed her citizens should not be regarded as a developing country. Obi was speaking to journalists during the seminar organised by Zero Hunger Initiative in Sokoto on Monday. Obi said that when Nigeria was compared to other countries of the world in all indices of development, that it became clear that a lot was still needed to be done by the succession of Nigerian leaders since, according to him, “meaningful development required sustained…
Author: Orientalnews Staff
Joseph Bakare President Muhammadu Buhari has approved an enhanced salary structure for the Nigeria Police Force (NPF) and given assurance that his administration will continue paying attention to the welfare and operational needs of the force Buhari’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in a statement on Monday, said the president confirmed the approval in the State House, Abuja. The president spoke when he played host to the members of the Nigeria Police Service Commission and the leadership of the force who were on a “thank you” visit to him. By the president’s approval of the…
Yemisi Izuora The Lagos State Governor, Mr Akinwunmi Ambode on Monday issued cheques to another batch of over 2,000 beneficiaries of the Lagos State Employment Trust Fund (LSETF) loan programme. The governor while presenting the cheques remarked that it was gratifying that the initiative was meeting the objectives of creating jobs and contributing to the growth of the economy. The initiative has recorded over 10,000 beneficiaries who have received more than N7billion and have created over 25,000 new jobs in the last three years. Speaking at the presentation ceremony held at LTV Blue Roof, Agidingbi, Ikeja, Governor Ambode expressed fulfillment that the…
Joseph Bakare President Muhammadu Buhari has declared that any aggrieved member of the All Progressives Congress’s (APC) can elect to seek redress at the law court. It would be recalled that the Party hierarchy recently banned members from dragging the party to court, warning of dire consequences for those who failed to abide by the party directive. Special Adviser to the president, on media and publicity, Mr. Femi Adesina, quoted President Buhari as saying that if anyone is displeased with the way and manner anything has been done, and feels deprived of his/her rights, such a person is at liberty…
Joseph Bakare The meeting between the federal government and Academic Staff Union of Universities (ASUU) ended on Monday night without an agreement. The meeting which started at about 5 p.m. at the Federal Ministry of Education was to find a lasting solution to the ongoing strike by the university lecturers. The union embarked on the strike three weeks ago over the poor funding of Nigerian universities and non-implementation of previous agreements by the government. Speaking with journalists after the meeting, the National President of ASUU, Biodun Ogunyemi, said negotiation is ongoing and the meeting would continue at a later date.…
Yemisi Izuora FBNQuest Asset Management, a subsidiary of FBNHoldings Plc, has won in two category award at the 2018 BusinessDay Banking and Financial Awards. The annual event is a gathering of industry leaders from the financial services sector to celebrate the achievements of those who drive growth, development and financial Inclusion in Nigeria. FBNQuest Asset Management received the awards for “Equity Fund of the Year – FBN Nigeria Smart Beta Equity Fund”, and “Bond Fund of the Year – FBN Nigeria Eurobond (USD) Fund”. The firm was recognised for its strong mutual funds’ performance over the last 12 months across…
Agency Report Troops fighting on the frontlines of the Boko Haram conflict in northeastern Nigeria have released a video claiming at least 100 soldiers died in a recent attack and deploring the poor state of their equipment. In the five-minute video seen by AFP on Saturday, a soldier narrating in the background shows the burnt shells of several tanks and vehicles at the Metele base, which was attacked by the IS-affiliated Islamic State West Africa Province on November 18. At least 43 soldiers were killed in the attack according to military and civilian sources, though the army disputes the death…
Yemisi Izuora The federal government is no longer optimistic that key refinery projects it is promoting would materialise within stipulated time. As such, it appear unrealistic that the 2019 target date to exit petroleum products import is certain. This is coming as minister of state for petroleum resources, Ibe Kachikwu, disclosed that only 10 out of the 40 companies that secured licenses for modular refineries have begun the process of executing the projects with three most likely to come on stream by the end of 2019. Oriental News Nigeria reports that the Bank of Industry, BoI, earlier in the year…
Yemisi Izuora The Senate Committee on Banking, Insurance and Other Financial Institutions has promised to accelerate amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act, 2006, to eliminate the gaps that have hindered the full realization of the public policy objectives of the implementation of the Deposit Insurance System (DIS) in Nigeria. The Chairman of the Committee, Sen. (Dr.) Rafiu Adebayo Ibrahim, made the remark when he led his team on an oversight visit to the Corporation on Tuesday, this week. The Committee was warmly received by the MD/CEO of the Corporation, Umaru Ibrahim, FCIBN, mni, along with members of…
