Date
October 12, 2019

BUDGET 2020: Buhari, Osinbajo to spend N3.3bn on foreign, local trips

  President Muhammadu Buhari and Vice-President Yemi Osinbajo will spend a total of N3.327bn on foreign and local trips in 2020. The figure is contained in the details of the 2020 Appropriation Bill that Buhari presented to a joint session of the National Assembly on Tuesday. The item was tagged Travel and Transport (General) under State House (President) and State House (Vice-President). In the 2019 Budget, a total of N1.3bn was allocated for the foreign and local trips of the President and the Vice-President. While N1bn was allocated to the President, N301.03m was allocated to the Vice-President. [READ ALSO] Buhari Presents N10.73 trillion 2020 Budget To NASS, Pegs Oil Benchmark [Read]

LAUTECH: Osun students carpet Makinde over crisis, back Oyetola

  OSOGBO  – Coalition of Osun State students, under the umbrella of National Association of Osun State Students (NAOSS) and National Association of Nigerian Students, NANS, Osun axis have rebuked Oyo State government under the leadership of Seyi Makinde over the lingering crisis at Ladoke Akintola University of Technology (LAUTECH). The students, who moved round streets in Osogbo, the state capital, were armed with placards with several inscriptions all wearing Oyo state government to desist from the move to take over the institution. Addressing newsmen NAOSS’ President, Comrade Elisha Oderinwale alleged that there was a clandestine move by government of Oyo ‘”to fraudulently take over what jointly belongs to the [Read]

CBN issues fresh guidelines on payments system

The Central Bank of Nigeria (CBN) on Thursday issued regulatory guidelines for the operation of Indirect Participants in the Payments System, with effect from Nov. 11. The apex bank made this known in a circular issued by CBN’s Director, Payments System Management Department, Mr Sam Okojere, to banks. The Indirect Participants are payments service providers who are non-clearing financial institutions but settle their payments obligations through clearing banks. According to the guideline, to qualify as an indirect participant, an institution shall: have a satisfactory risk-based rating from the CBN and secure a letter of recommendation from its direct participating bank, signed by the Chief Risk Officer and an Executive Director of [Read]

GUBER POLLS: Crisis rocks Bayelsa APC, as factions emerge, Chairman suspended

YENAGOA – As the governorship election approaches in Bayelsa, crisis has torn apart the State Executive Committee of the All Progressives Congress (APC) in Bayelsa State as two factions have emerged and the Chairman, Jothan Amos, Secretary, Alabo Martins and ten other members have been suspended over alleged gross misconduct and anti-party activities which they claimed had been investigated and verified. NEWS FLAKES NG gathers that the members suspended by the faction led by the State Chairman, Jothan, are Honourable Ogeibiri Orubebe, deputy chairman; Chris Toborowei Olorogun, Legal adviser; Amasighan Azikiwe, Chairman Ekeremor local government council; Olorogun Isaac, Secretary Ekeremor Local government council and Peter Bofumu, Chairman Sagbama Local government [Read]

NNPC Discovers Oil In North East After Several Months Of Search

  The Nigeria National Petroleum Commission, NNPC, has announced discovery of oil in the North Eastern part of the country after several months of tedious searching. Samson Makoji, acting group general manager, group public affairs division of the corporation, announced this in a statement on Friday. He said the discovery of oil and gas in commercial quantity in the Gongola Basin will “attract foreign investment, generate employment for people to earn income and increase government revenues”. “The Nigerian National Petroleum Corporation (NNPC) has announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country,” the [Read]