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Africa, Africa & Global Business
Angry Oshiomhole Tears Apart Orubebe, Says Ex-Minister Deser

[Premium Times] Governor Adams Oshiomhole of Edo State on Wednesday said former Minister of the Niger Delta, Godsday Orubebe is afraid of President Muhammadu Buhari's planned probe of several billions of naira squandered on the East-West road and on the Amnesty programme under his watch as Minister of the Niger Delta Affairs.

Africa, Africa & Global Business
Country's Economy Records 2.57 Percent Growth in Second Quar

[Premium Times] The total monetary value of all finished goods and services produced in Nigeria in the second quarter of 2015 recorded a 2.57 percent growth, the latest edition of the data on Quarterly Gross Domestic Product estimates of the Nigerian Bureau of Statistics has shown.

Africa, Africa & Global Business
Two Suicide Bombers Attack Checkpoint, Kill NAF Officer in M

[Leadership] An officer of the Nigerian Air Force was feared killed last night by two suspected Boko Haram suicide bombers who launched an attack on a military checkpoint in Maiduguri, the Borno State capital.

Africa, Africa & Global Business
Non-Release of Chibok Girls Harmful to Nigeria - Anglican Pr

[Leadership] The primate of the Church of Nigeria (Anglican Communion), the Most Rev'd Nicholas Okoh, has said that the continued stay of the Chibok girls in captivity has harmed the country.

Africa, Africa & Global Business
NNPC Cancels Refinery Crude Delivery, Offshore Processing Co

[Leadership] The Nigerian National Petroleum Corporation (NNPC) has cancelled the contract for the delivery of crude oil to the nation's refineries in Warri, Port Harcourt and Kaduna.

Africa, Africa & Global Business
Oshiomhole, Orubebe in War of Words Over Jonathan

[Leadership] Edo State governor Adams Oshiomhole has said that former Minister of the Niger Delta, Mr Godsday Orubebe is afraid of President Muhammadu Buhari's planned probe of several billions of naira squandered on the East-West Road and on the Amnesty programme under his watch, adding that this is the basis for his latest outburst in the media. Oshiomhole stated this while responding to a newsp...

Africa, Africa & Global Business
Senate Probe Begins - Lamorde's Accuser a U.S. Convict - EFC

[Leadership] The Economic and Financial Crimes Commission (EFCC) has revealed that the man, Dr. George Uboh, who accused its executive chairman, Ibrahim Lamorde, of the diversion of over N1trillion, is a suspect standing trial before Justice Sunday Aladetoyinbo of a High Court of the Federal Capital Territory, Abuja.

Africa, Africa & Global Business
Salary Arrears - CBN Okays Bank Loans for 27 States

[Leadership] States under the salary debt burden will now have succour as the Central Bank of Nigeria (CBN) has approved the request by deposit money banks to provide financial accommodation to such state governments to enable them pay the backlog of salaries of their workers.

Africa, Africa & Global Business
I Didn't Absolve Jonathan On Corruption War - Falana

[Leadership] A Senior Advocate of Nigeria and human rights activist, Chief Femi Falana (SAN) has refuted media report suggesting that he gave former President Goodluck Jonathan a clean bill of health as fighting corruption in a more civilized manner.

Africa, Africa & Global Business
UN Chief Warns of Growing Humanitarian Crisis in Northeaster

[IPS] United Nations -With over 1.5 million displaced, 800,000 of whom are children, and continuously escalating violence in northeastern Nigeria, United Nations Secretary-General Ban Ki-moon described the humanitarian situation as "particularly worrying" during a visit to the country.

Africa, Africa & Global Business
NNPC Cancels Contracts for Crude Oil Delivery to Refineries

[Guardian] The Nigerian National Petroleum Corporation (NNPC) has cancelled contracts for supply of oil to refineries among other steps aimed at boosting operational efficiency.

Africa, Africa & Global Business
Cotton Farmers to Benefit From Reviving Textile Industry

[Daily Trust] In 1980, cotton turnover in Nigeria was worth N8.9 billion, which represented 25% of the national Gross Domestic Product (GDP). Sadly, it slumped to only N300 million in 2012.

Africa, Africa & Global Business
Is Nigeria to Become the Next Global Manufacturing Hub?

[AMA] "There is more to Nigeria than oil"

Africa, Africa & Global Business
Country's Weapon Production Plan

[Guardian] President Muhammadu Buhari's directive to the Ministry of Defence to produce a plan for the establishment of a military industrial complex for the local production of weapons for use by the nation's armed forces is not only a welcome development, it signals a new shift in the nation's mentality. For not only would this end the existing over-dependence on other countries for military equ...

Africa, Africa & Global Business
Institute Raises Alarm Over Adulteration of Palm Oil

[Daily Trust] Calabar -Director of research at Nigeria Institute for Oil Palm Research (NIFOR) Dr Celestine Ikwuenobi is alarmed that palm oil widely used for food has been adulterated with chemicals used in the dyeing of clothes.

Africa, Africa & Global Business
Poor Grain Prices Force Katsina Farmers to Sesame Farming

[Daily Trust] Katsina -Poor market prices of grains in the face of high cost of fertiliser has forced many maize farmers in the southern part of Katsina State to adopt sesame cultivation this year.

Africa, Africa & Global Business
Alleged N1 Trillion Diversion - Senate Committee Walks Out E

[Vanguard] Abuja -Senate Committee on Ethics, Privileges and Public Petitions at its sitting, Wednesday, to hear a petition against the Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde over allegation that the Commission fraudulently diverted over N1trillion proceeds of corruption recovered by the anti-graft agency, walked out the Representatives of the Commission.

Africa, Africa & Global Business
More Than 200 Delegates Storm Remitafrica2015 Summit

[Ghanaian Chronicle] More than 200 delegates and 65 industry stakeholders from more than 25 countries are expected to attend the remitAfrica2015 conference in Lagos - Nigeria on Nov 04 - 05, this year. Mobile Money Africa, which is hosting the event in the economic capital of Nigeria, Africa's largest remittance nation.

Africa, Africa & Global Business
'I Like to Do Business Anywhere I Go'

[Al Jazeera] It has been raining almost nonstop for a week in Ajah, Lagos.

Africa, Africa & Global Business
NUC Releases List of Illegal Tertiary Institutions

[Premium Times] The National Universities Commission has released a list of illegal degree awarding institutions operating in Nigeria. The schools were published in the NUC's weekly bulletin dated August 24. According to the bulletin, the NUC Executive secretary, Julius Okojie, warned that those who patronise the schools, do so at their own risk.