October 2019

90% Of Defectors Are Not Real Members Of PDP, Says Dickson

90% Of Defectors Are Not Real Members Of PDP, Says Dickson

October 24, 2019 3:57 pm

The Governor of Bayelsa State, Honourable Henry Seriake Dickson, has said that the purported members of the Peoples Democratic Party who defected to the All Progressives Congress are not true members of PDP.

The Governor said in a statement by his Chief Press Secretary, Mr. Fidelis Soriwei, on Thursday, that the defectors were elements within the party who were engrossed in internal sabotage activities against the party.

He said that most of the defectors who formed an opposition group within the PDP actually supported the Action Democratic Congress in the last election while the rest refused to work for …

FG Commissions UN House, Eight Years After Boko Haram Hit

FG Commissions UN House, Eight Years After Boko Haram Hit

October 24, 2019 3:46 pm

The federal government has commissioned the refurbished United Nations building in Abuja, eight years after a car bomb explosion by Boko Haram, destroyed the building and killed at least 21 and wounded 60.

The commissioning of the building coincided with the marking of the 2019 UN Day.

President Muhammadu Buhari was represented at the occasion by the Minister, Federal Capital Territory (FCT) Malam Muhammad Musa Bello.

He stressed that the efforts of the UN over the years in addressing global issues including conflicts, health and humanitarian matters, climate change and environmental degradation, had

continued to bear positive results around the …

Establish Quick Response Wing In Kebbi, House Urges NAF

Establish Quick Response Wing In Kebbi, House Urges NAF

October 24, 2019 3:28 pm

The House of Representatives has called on the Nigerian Air Force (NAF) to establish a Quick Response Wing (QRW) in Kebbi State, which it said has two international borders with Benin and Niger Republics, to assist in curtailing increased security challenges in the area.

The Chairman, House Committee on Air Force, Mohammed Koko, made the call Thursday in Abuja when the Chief of Air Staff, Air Marshal Sadique Abubakar, appeared before the committee for NAF budget defense.

He noted that the problem of insurgency and other security problems in the country have been drastically reduced through the fighting skills and …

Bayelsa Guber: Town Rulers, Jonathan’s Kinsmen Endorse Diri

Bayelsa Guber: Town Rulers, Jonathan’s Kinsmen Endorse Diri

October 24, 2019 3:09 pm

The kingsmen of former President Goodluck Jonathan led by the traditional rulers from Ogbia local government area of the state have endorsed the Peoples Democratic Party governorship candidate, Senator Douye Diri.

A statement by the Director of Media and Publicity of the Senator Douye Diri Campaign Organisation, Hon. Jonathan Obuebite, said the endorsement had laid to rest the claim by the All Progressives Congress (APC) that it had 100 percent support of Ogbia indigenes.

“The people of Ogbia local government area including indigenes reposed confidence in the capability of the joint ticket of Senators Douye Diri and Lawrence Ewhrudjakpo to …

Tambuwal Pledges Sustained Investment In Education Sector

Tambuwal Pledges Sustained Investment In Education Sector

October 24, 2019 3:03 pm

The Sokoto State Governor Aminu Waziri Tambuwal on Thursday said his administration will sustain its investment in the education sector.

He made the pledge at the 14th Annual Retreat and 67th Business Meeting of the Association of Registrars of Nigerian Universities (ARNU) held at the Sokoto State University (SSU).

Tambuwal said that his administration since inception in 2015 accorded top priority to education, adding that education is key to societal development.

“Since we came in 2015, I declared a state of emergency in the education sector. Not only that, we followed it up with policies and programmes that would help …

Makinde Grants Approval For Recruitment Of Teachers

Makinde Grants Approval For Recruitment Of Teachers

October 24, 2019 2:53 pm
  • Threatens to deal with saboteurs of education policies

Oyo State Governor Seyi Makinde, on Wednesday, announced that he had given approval for the recruitment of teachers into the state’s teaching service, noting that his government is re-engineering education for “long-lasting positive results.”

A statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, indicated that the Governor stated this while speaking at the commissioning of a ₦50 million multipurpose hall donated to the Ilora Baptist Grammar School, Ilora, by an old student, Mr. Remi Oyekola.

The statement also quoted the Governor as indicating that the state government …

Concern Mounts Over States’ Fiscal Sustainability - Lee

Concern Mounts Over States’ Fiscal Sustainability – Lee

October 24, 2019 2:43 pm
  • Only three states can survive without federal funds, says BudgIT report

World Bank’s Senior Economist, Yue Man Lee, Wednesday raised the alarm that the fiscal capacity of the 36 states of the federation and the Federal Capital Territory (FCT) has declined while their fiscal sustainability risks have also increased.

While pointing out that the states’ revenues have largely underperformed, she stressed that the recent growth in non-oil revenues particularly Value Added Tax (VAT) was not enough to offset the drop in statutory transfers.

This is coming as a new report has revealed that only Lagos, Rivers and Akwa Ibom …

Russia – Nigeria Relations Will Come Alive More - Buhari

Russia – Nigeria Relations Will Come Alive More – Buhari

October 24, 2019 1:57 pm
President Muhammadu Buhari says fresh energy will be injected into Nigeria-Russia relations to bolster an age-long relationship that has been mutually rewarding and promising.

The Presidential aide, Malam Garba Shehu, quoted Buhari as saying this at the second plenary of the Russia-Africa, where more than 40 leaders are participating, at Sochi, Russia, on Thursday.

The President called for a stronger partnership that is humane, inclusive and diversified.

Buhari said the initial warm and harmony enjoyed with the former USSR after Nigeria’s independence in 1960 should be revitalized, so that citizens of both countries could benefit from soci0-cultural, educational, technological and

…
IGI Reduces Staff Number To Meet Recapitalisation Exercise

IGI Reduces Staff Number To Meet Recapitalisation Exercise

October 24, 2019 1:45 pm

In a bid to meet up with the recapitalisation target set for the insurance industry, Industrial and General Insurance (IGI) Plc has commenced its process, by slashing its operating expenses in a restructuring exercise that will allow it meet the deadline.

The insurance firm allegedly laid-off about 60 staff recently so as to reduce cost. However, this development did not go well with the affected staff as they staged a protest last week to express their grievances over the issue.

Distressed employees warned the management to rescind its decision to retrench the majority of them or face industrial action. The …

Royal Exchange Profit Falls By 187% In 3rd Quarter Q3 2019

Royal Exchange Profit Falls By 187% In 3rd Quarter Q3 2019

October 24, 2019 1:37 pm

Royal Exchange Plc has recorded a 187 percent loss for the third quarter (Q3) of the year which ended 30 September 2019.

This was revealed in the insurance company’s unaudited financial statements published on the website of the Nigerian Stock Exchange. According to the financial statement, Royal Exchange generated ₦11 billion in its gross premium income over the past nine months of 2019. However, there was a 0.9 percent decrease compared to ₦11.1 billion which was generated in Q3 2018.

For its Profit Before Tax (PBT), the underwriting firm recorded a loss before tax of ₦72.8 million in Q3 2019, …

NAICOM, Stakeholders To Brainstorm On Recapitalisation

NAICOM, Stakeholders To Brainstorm On Recapitalisation

October 24, 2019 1:30 pm

The National Insurance Commission (NAICOM) is ready to host an interactive session with shareholders’ associations of insurance firms so as to deepen engagement in the recapitalisation process.

The session, scheduled for next Tuesday in Lagos, is part of measures by NAICOM to achieve a seamless recapitalisation to the benefit of all stakeholders.

The meeting is a fallout of the ongoing recapitalisation exercise in the insurance sector and the need to provide adequate information to all stakeholders.

READ ALSO: EEDC Improves Power Supply In South East

A statement by the Head, Commissioner for Insurance Directorate, ‘Rasaaq ‘Salami, the Acting Commissioner for …

Babalola Leads Defectors Back To PDP In Iseyin

Babalola Leads Defectors Back To PDP In Iseyin

October 24, 2019 1:24 pm

Most People Democratic Party (PDP) members who defected before the last general elections in February in Iseyin area of Oyo State have returned to the party under the leadership of Senator Andrew Gbenga Babalola.

A release by Mallam Adebayo Muritala, head of Media and Elders forum, Iseyin chapters of the party, said the coming home to roost of those who had gone to other parties to seek their individual political fortunes was facilitated by the reconciliation efforts to reinforce the strength of the PDP in the town and Oyo State.

Those charged with wooing back members who had sojourned in …

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