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FAAC deadlock: Buhari to decide on NNPC

ABUJA—PRESIDENT Muhammadu Buhari, yesterday, agreed to meet officials of Nigeria National Petroleum Corporation, NNPC, over failure of the corporation to make accurate remittances to the Federal Allocation Account Committee, FAAC, in the month of June   Recall that the last FAAC meeting in Abuja was deadlocked as governors rejected what …

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Oil communities allege neglect by FG, Akwa Ibom government

Oil rich communities in Akwa Ibom State are alleging neglect “despite being the goose that lays the golden egg and gives Nigeria a lifeline.” In a letter to Governor Udom Emmanuel and signed by the National President, Ekid People’s Union (EPU), Prof. Asindi Andrew Asindi, the Eket people said “Eket …

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Buhari reveals what he is doing with recovered loot

President Muhammadu Buhari on Wednesday, said he was selling off recovered loots to put money in government’s coffers. Buhari stated this while responding to a question on Nigeria’s anti-graft war, during a joint press conference at the end of Namibian President Hage Geingob’s visit to the Presidential Villa in Abuja. …

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FMN posts N542b revenue, N13.6b PAT

Flour Mills of Nigeria (FMN) Plc has recorded group revenue of N542billion, and Profit After Tax (PAT) of N13.6billion for the financial year ended December 31, 2017. Specifically, the companies audited result showed 3.5 per cent rise in revenue to N542billion from the N524billion achieved in 2016, while PAT rose …

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France offers N500b to kick-start Digital Africa Initiative

Lagosians relive painful traffic, impromptu road repairs France has endorsed an initiative to develop entrepreneurship and innovation in Africa, with the European superpower offering €1 billion (N500 billion) to kick-start the scheme. Tagged Digital Africa Initiative (DAI), it is aimed at creating a pool of entrepreneurial knowledge and business information …

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Dangote inaugurates mega cement warehouse in Owerri

A mega cement warehouse located at the Industrial Layout, Onitsha Road, Owerri, capital of Imo State, to serve corporate outfits and people of the Southeast and other zones in the country, was on Monday, opened for commercial use. Present at the event were the President, Dangote Group, Aliko Dangote, the …

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Macron pledges French security support, others

We can’t fix all Nigeria’s problems, he says • Signs $475 million agreement for projects • Describes Fela’s Shrine as iconic hub French Leader Emmanuel Macron yesterday met with President Muhammadu Buhari in Abuja, challenging him to work towards providing an enabling economic and political environment to help youths to …

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