FG, Firm To Build N300BN Housing Estates
The Federal Government has signed a Memorandum of Understanding with an international firm for the construction of housing estates across the country at a cost of about N300bn. According to the government, the partnership with BASAP Ventures International will ensure the construction of 15,000 units of ‘highly affordable low-income houses across the country’.
Transport Fares Remain High Despite Fuel Price Reduction
One month after the Federal Government reduced the pump price of fuel by over 10%, the reduction has not reflected on the cost of transportation across the country, particularly those delivering interstate transport services.
FG To Sell Delta Steel Company
The Ministry of Mines and Steel Development, Mr. Mohammed Sada, said on Tuesday that the Federal Government through the Assets Management Corporation of Nigeria, had perfected the arrangements to sell the Delta Steel Company to an automobile firm.
35% Levy On Tokunbo Vehicles Begin July 1
The implementation of the 35% import levy on used cars will now begin on June 30, 2015 as the Federal Government has once again shifted the commencement date by two months.
PDP Optimistic Jonathan Is Preferred Candidate
The ruling Peoples Democratic Party on Tuesday expressed high optimism that President Goodluck Jonathan will emphatically defeat the All Progressives Congress Presidentila Candidate, General Muhammadu Buhari hands down in the March 28 Presidential election.
Sule Lamido: I Betrayed Kwankwaso Because Of National Interest
Jigawa State Governor, Sule Lamido, on Tuesday openly accepted that he betrayed the five governors pf the Peoples Democratic Party who decamped to the All Progressives Congress, but he said he did so in the overall national interest.
House Applauds Jonathan, Military For Onslaught Against Boko Haram
Settling partisan politics aside, the House of Representatives on Tuesday applauded President Goodluck Jonathan and the Nigerian military for the latter’s recent recapture of several towns and communities that had fallen under the control of the terror group, Boko Haram, in the North-East, particularly Borno State.
Dangote Flour, Honeywell Lose N2.2bn In Naira Devaluation
Two lour milling firms, Dangote Flour Mills PLC and Honeywell Flour Mills PLC, have lost N2.193 billion through the devaluation of the Naira, a development that affected the bottom lines of the companies. The CBN had last November devalued the Naira by moving the midpoint of the official window of the FOREIGN EXCHANGE MARKET from N155 to N168 to one United Staes dollar.
The CBN had said the devaluation of the Naira became inevitable as a result of the reduction in government revenue from oil production and sales among other factors.
Fidelity Bank Promotes 963 Employees
Fidelity Bank PLC says it has elevated a total of 963 employees after its 2014 annual staff performance appraisal which ended last week. The bank said it was part of its efforts of rewarding and motivating hard-working, committed and efficient staff.
Budget: Senate Settles For $52 Oil Benchmark
The Senate on Tuesday at an executive session settled for $52 per barrel as the oil price benchmark for the 2015 budget proposal. This is against the $65 per barrel the executive submitted to the two chambers of the National Assembly in December last year.
Boko Haram: APC Hails Military, Flays Jonathan For Belated Action
The All Progressive Congress has accused President Goodluck Jonathan of allowing the Boko Haram insurgency to fester, leading to the deaths of over 15,000 Nigerians and the displacement of over three million others in the past six years.
Rivers PDP, APC Trade Blames Over Attacks
Chapters of the People’s Democratic Party and the All Progressives Congress in Rivers State on Tuesday were at each other’s throats over alleged attacks on party members and supporters. While the APC said the PDP were responsible for the death of over 30 of its members and supporters, the latter said the allegation was ridiculous.
I’m A Betrayer – Lamido
Governor Sule Lamido of Jigawa State onTuesday described himself as a betrayer. But he said he only betrayed his friends in the interest of the country.
Tears As Bayelsa Buries Burnt Female Politicians
Many shed tears in Yenagoa, Bayelsa State capital, on Tuesday as the remains of eight female politicians burnt to death on February 14, were buried at the Gloryland Cemetary in Azikoro Village. The female politicians, including wife of the Secretary to Bayelsa State Government, Elizabeth Oguru, were burnt to death in a multiple motor accident.
Agbaje, Police Disagree Over Oshodi Mayhem
The Lagos State Police Command has arrested over 20 members of the People’s Democratic Party in connection with last Thursday’s fracas between the National Union of Road Trasnport Workers and some PDP youths in the Oshodi area of Lagos which left many dead.
APC Asks FG To Account For $800M Fund
The Presidential Campaign Organization of he All Progressives Congress has challenged the Federal Government and the Nigerian Maritime Administration and Safety Agency to account for the $800m and N50 billion of the Cabotage Vessel Finance Fund.