June 12, 2019

Nigeria, others lose $1tr yearly to untidy firms’ ownership

June 12, 2019 12:46 am

The Nigeria Extractive Industry Transparency Initiative (NEITI) yesterday said secret ownership of companies, especially in the oil, gas and mining sectors, was costing Nigeria and other developing countries about $1 trillion yearly. The revelation comes as the December 31, 2019 deadline for the most populous black nation to implement the Extractive Industry Transparency Initiative (EITI) beneficial ownership standard approaches.

Though it was acknowledged that efforts were being made by the Department of Petroleum (DPR), NEITI, Mining Cadastre Office as well as other key ministries and government agencies to sanitise the industry, stakeholders, at a workshop in Port Harcourt, have, however, …

Boycott S'African businesses, Oshiomhole urges Nigerians

APC commends Lawan, Femi Gbajabiamila, others over victory

June 12, 2019 12:03 am

• Igbo not part of Nigeria, South East professionals declare
• Oyo chapter, Okowa, Sanwo-Olu congratulate winners

The All Progressives Congress (APC) has applauded the emergence of a new leadership of the National Assembly led by Ahmed Lawan. In a statement by its National Publicity Secretary, Lanre Issa Onilu, it congratulated President Muhammadu Buhari; National Chairman of the Party, Adams Oshiomhole; governors; National Executive Committee (NEC); the National Working Committee (NWC) and other supporters on the party’s victory in clinching principal officer positions in the ninth National Assembly.

Specifically, the APC is celebrating the emergence of its anointed candidates: Lawan …

‘Nigeria needs more than Democracy Day to progress’

June 12, 2019 12:01 am

President-General, Urhobo Progress Unity (UPU), Olorogun Moses Taiga spoke with SEYE OLUMIDE on declaration of June 12 as Democracy Day and the need to tinker with present system of government.

How do you feel as Nigeria marks June 12 as Democracy Day today 26 years after the annulment and 20 years after returning to civil rule?
It is a welcome development that is well over due. Indeed 26 years ago, Chief MKO Abiola should have taken over as president. So it is better late than never to declare it as Democracy Day. All democrats around the world, particularly Nigeria should …