November 2021

President Joe Biden reached for the US strategic oil reserves Tuesday in an attempt to flatten fuel price rises pummeling Americans at Thanksgiving — and hoping to reignite his own political fortunes.

The White House said the effort to tamp down the oil market by using emergency reserves was for the first time being done in conjunction with other countries, following weeks of negotiations.

‘This release will be taken in parallel with other major energy consuming nations including China, India, Japan, Republic of Korea and the United Kingdom,’ the White House said in a statement.

As the world emerges from …

Benue House of Assembly on Tuesday approved a request made by Gov. Samuel Ortom to borrow ₦18.225 billion from the Federal Government.

Ortom asked for approval to take the loan to cushion the effect of repayment of bailout funds collected in 2015 and 2016.

He told the House in a letter read by the Speaker, Mr Titus Uba, that the Federal Government had offered a bridging finance facility window for state governments to access such loans.

He told the House also that the Federal Government provided funding windows (bailout) at the inception of his first term in 2015.

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Imo State Government Whitepaper Implementation Committee on Lands and other Related Matters on Tuesday accused Senator Rochas Okorocha of partitioning and appropriating the entire state between members of his family and friends while the entire Imolites were made spectators.

The Chairman of the committee, Prof. Ukachukwu Awuzie, stated this while Presenting the programs and activities of the implementation committee during the stakeholders’ town hall meeting in Owerri, Imo State.

The committee inaugurated by Governor Hope Uzodinma said government lands unlawfully taken by individuals during former governor Okorochas administration have been recovered and restored to their original owners or purposes.

The …

The Federal Government of Nigeria on Tuesday claimed it has so far spent about 2.3 trillion Naira as a stimulus package to cushion the effects of the COVID-19 pandemic on Nigerians.

The Minister of State, Budget and National Planning, Prince Clem Agba made this disclosure on Tuesday at a 3-Day National Treasury Workshop with a theme: ‘COVID- 19 and the global economy: Implications on Nigeria’s National Treasury,’ organised by the Office of the Accountant General of the Federation in Uyo, Akwa Ibom State capital.

While giving a breakdown of the expenditure, Agba said the packages consisted, to a …

Vice President Yemi Osinbajo has said Coca Cola’s plan to invest $1 billion in Nigeria in the next five years testifies to the possibilities in the economy despite challenges.

Osinbajo stated this Monday evening at the 70th anniversary gala of the Nigerian Bottling Company (NBC).

According to the Vice President, “your ongoing investment in the country, which I am told will be in the order of $1billion in the next five years, testifies to your faith in the possibilities of Nigeria.”

“And you can rely on the partnership of the Nigerian government, (and i dare say the Nigerian people too) …