The Big Story articles



The Buhari administration is not only committed to ensuring that the clean-up of Ogoniland is carried out, but also ensuring that it is done transparently, according to Vice President Yemi Osinbajo SAN. Prof. Osinbajo said this today following the ceremonial signing of the escrow agreement at the Presidential Villa, Abuja. It would be recalled that

Nigeria will Sustain Positive Growth Outlook – Adeosun, Emefiele

…External Reserves Hit $47.93bn …$322m Abacha funds earmark for Social Safety Nets Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint

Men More Likely to have Bank Account than Women – World Bank

Ray Echebiri World Bank report has revealed that men are more likely to have bank account than women. But generally, the new World Bank report on the use of financial services finds that financial inclusion is on the rise globally. According to the bank, this is accelerated by mobile phones and the internet. The bank,

Osinbajo Restates FG Commitment to Effective Partnership with States in Growing Economy

The Vice President, Professor Yemi Osinbajo, SAN, has reinstated the federal government commitment to partnership with the nation’s state governments in continuous improvement of the economy in order to improve the living conditions of the citizens and uplift their welfare. Professor Osinbajo made this declaration at the MSME Clinic held in Onitsha, Anambra State on

President Buhari Denies $1 Billion Approval For Arms Purchase

President Muhammadu Buhari has denied giving approval for the release of $1 billion for the procurement of arms for the country’s armed forces. President Buhari’s response yesterday came against the backdrop of the need to correct the several issues raised about the security fund sourced from Excess Crude Account to combat security challenges in the

We paid $4.3bn to Nigeria in 2017 – Shell

Royal Dutch Shell’s payment to the Nigerian government for its activities in the county last year rose to $4.32bn, about 19 per cent higher than what it paid in 2016. Shell, in its ‘Report on Payments to Governments for the Year 2017’ released on Monday, said it paid $3.197bn to the Nigerian National Petroleum Corporation

FG owes EEDC N4.4bn

The Management of Enugu Electricity Distribution Company has appealed to the Federal Government to settle the N4.4bn electricity bills of its Ministries, Departments and Agencies in the South-East. Acting Managing Director of the company, Mr. Paul Okeke, made the call while speaking with the News Agency of Nigeria on Tuesday in Enugu. He said that

At Last, Buhari Declares Intention To Seek Re-Election

President Muhammadu Buhari has finally broke his silence on his second term bid by announcing to leaders of the All Progressives Congress that he wish to seek re-election in 2019. Buhari made the declaration at the meeting of the National Executive Committee of the APC that is currently on-going in Abuja. This intention was made

NNPC Completes Group Financial Audit For Five Years

The Nigerian National Petroleum Corporation on Sunday announced the completion of the outstanding audit of its group financial statements from 2011 to 2016. It said the audited statements had been formally approved by its Board in line with extant laws governing the operations of the national oil firm. The Chief Financial Officer/Group Executive Director, Finance