On Wednesday, Nigeria’s president, Muhammadu Buhari, and his deputy, Yemi Osinbajo, appeared at a town hall discussion forum organised by Daria media, in partnership with the Nigerian Television Authority (NTA). The event, anchored by ace journalist, Kadaria Ahmed, was aired live on NTA and other affiliated stations. It is part…

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, on Wednesday reiterated his plan to privatise the Nigerian National Petroleum Corporation (NNPC) if elected on February 16. Mr Abubakar also promised to double the size of the Nigerian economy. Reuters reported Wednesday that Mr Abubakar, a businessman who…

The consumer price index, which measures inflation, increased to 11.44 percent in December 2018, the National Bureau of Statistics said on Wednesday. The increase, the bureau said, is 0.16 percent points higher than the rate recorded in November 2018. The nation recorded 11.28 per cent inflation rate in November. In…

There was mild drama Tuesday at the Ikeja Headquarters of the Lagos Police Command as two Police Commissioners resumed duty for the day. PREMIUM TIMES understands that at the Government Reservation Area (GRA) headquarters, Edgal Imohimi, the state Police commissioner joined Kayode Egbetokun, a Deputy Commissioner who was on Monday…

Nigeria’s electricity generation companies have threatened to shut down their power plants if the challenges facing them are not addressed. According to the Executive Secretary of the body, Joy Ogaji, the challenges facing the companies included liquidity issues, power rejection by the electricity distribution companies and gas constraints. Ms. Ogaji,…

The atmosphere was tense. Major shops shut. Some cutlass-wielding boys moved around in unison, through the Egbeda-Akowonjo lane, spewing incoherent curse words along the way. The unusually calm atmosphere of Iyana-Ipaja and environs testified to the palpable fear that had just engulfed the air. A day earlier, Lagos NURTW boss,…

With the edge of her wrapper, Bola wiped off beads of sweat running through her forehead. Outside the shade under which she sat with her colleagues, the afternoon sun shone with fury. Bola had peeled cassava tubers for more than two hours before PREMIUM TIMES’ reporter arrived her mother’s shop…

The Muhammadu Buhari administration has always maintained that its ‘rice revolution’ has made the nation attain food sufficiency, especially in rice production. For far too long, the government has claimed that the Anchor Borrowers’ Program, its flagship agriculture program, has reduced the nation’s dependence on importation of rice. Responding to…

The Nigerian National Petroleum Corporation (NNPC) on Thursday said it will put measures in place to reduce the price of cooking gas. The corporation said it was ready to implement an effective commercial framework that would halt the export of propane and butane, which are major components in the production…

The Federal Road Safety Corps, FRSC, has begun training of its new recruits, PREMIUM TIMES has gathered. FRSC spokesperson, Bisi Kazeem, told PREMIUM TIMES in an exclusive chat Thursday night that successful candidates have been contacted through the email with which they applied. Mr Kazeem who said the successful candidates…

Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Wednesday said Nigeria now produces 1.78 million barrels of crude oil per day (bpd). Speaking in Abuja, Mr Kachikwu added that the nation was expecting output from Egina oilfield to reach 150,000 bpd by the end of the month which could…

The president of the World Bank, Jim Kim, on Monday, resigned his appointment, effective February 1. A World Bank press release dated January 7 said Mr Kim announced that, “immediately after his departure, he will join a firm and focus on increasing infrastructure investments in developing countries. The details of…

Over N313 million has been budgeted for purchase, maintenance and fuelling of generators in three of Nigeria’s government offices in 2019, according to details of the 2019 budget proposal presented to the Nigerian Senate by the president, Muhammadu Buhari. The three government offices include the State House, the Economic and…

The management of MRS Oil Nigeria Plc on Thursday announced the appointment of Priscilla Thorpe-Apezteguia as Director and Managing Director (Acting) of the Company. A disclosure notice sent to the Nigerian Stock Exchange (NSE), signed by O.M Jafojo, the company secretary, said the appointment followed a written resolution of the…

A former president of the World Bank, Jim Kim, is joining investment firm Global Infrastructure Partners (GIP) , chaired by Nigerian investment guru, Adebayo Ogunlesi. Bloomberg reported Tuesday that Mr Kim, 59, who abruptly resigned as president of the World Bank on Monday, will join the firm next month. PREMIUM…

The Federal Inland Revenue Service (FIRS) on Monday disclosed it collected about N5.320 trillion as revenues in 2018, the highest in the country’s history. FIRS Chairman, Tunde Fowler, who disclosed this in Lagos at a retreat on “Parliamentary Support for Effective Taxation of the Digital Economy” said its target for…

Unlike every human being alive today, Senator Dino Melaye had his own 2019 crossover at about noon on Friday January 4, more than 72 hours after everyone on planet earth had moved into the New Year. The senator, perhaps bored by the never-ending theatrics of 2018, finally pitied the Nigerian…

The management of MRS Oil Nigeria Limited on Friday announced that it has changed the location of its corporate headquarters in Lagos. The new development was communicated to the Nigerian Stock Exchange (NSE) in a disclosure notice issued by the firm Friday. The disclosure, signed by O.M Jafojo, the company…

The Nigerian government has proposed to spend over N1.4 billion on food and travels for President Muhammadu Buhari and Vice President Yemi Osinbajo in 2019, details of the 2019 budget obtained from the Budget Office have shown. Of the figure (put at N1.461 billion), over N1 billion (1,001,318,171) has been…

The Nigerian government has proposed to spend N7.30 billion (7,297,022,065) on the Presidential Air Fleet (PAF) in the 2019 budget proposal, according to details obtained from the Budget Office of the Federation. The proposed expenditure is about 67 per cent higher than the N4.37 billion appropriation in the 2017 budget,…

Beginning Tuesday, customers of Access Bank Plc and Diamond Bank Plc will have free access to 3,100 Automated Teller Machines (ATMs) for seamless banking services. This revelation is contained in a statement issued by the banks on Monday. The move follows the planned merger of the banks which is expected…

The Nigerian Stock Exchange (NSE) says it has expelled 35 stockbroking firms from the bourse. The NSE made this known in a disclosure published in Punch newspaper earlier in the week. The Nigerian bourse said it took the decision after a special meeting of its national council held earlier in…

When he emerged on the political scene first as senator and more notably as Ogun state governor in 2011, Ibikunle Amosun must have reminded many Yoruba film enthusiasts of the famed comedian, Gbolagade Adedeji, known popularly as ‘Aro Onifila gogoro’. Although now late, ‘Aro’ shook the comedy scene of his…

As Nigeria's Minister of Industry, Trade and Investment (MITI), Okechukwu Enelamah for over three years has overseen policy-making and implementation relating to industrialisation of the economy, development of small and medium-scale enterprises (SMEs) and promotion of trade. The ministry under his leadership says it is structured around five pillars which…

The Muslim Students' Society of Nigeria (MSSN), Lagos State Area Unit has said that unconditional approval for female students to wear hijab in schools will be one of the criteria its members will use for voting gubernatorial candidates in Lagos state in 2019. In a statement on Thursday, the group…