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07
Tue, May

The Governor of Bayelsa State, Seriake Dickson on Tuesday said the Niger Delta has contributed over N96 trillion to the nation's economy. The Governor stated this when he received the report of the Committee on Restructuring and other matters affecting the Ijaw nation in Yenagoa, the Bayelsa state capital. He called on the Federal Government to urgently kick-start the move toward restructuring the country before the 2019 general elections.

The leadership of the Benue State Livestock Guards has reacted to report that one of its members was arrested in Ukum Local Government Area by ‘Exercise Cat Race’ for cattle rustling. The state Commandant of the Guard Force, Alhaji Aliyu Tershaku who spoke to newsmen said the Benue State Government established the Livestock Guards but does not arm its members. He explained that the role of the group was merely to help conventional security agencies in the implementation of the Open Grazing Prohibition and Ranches Establishment Law 2017.

Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects.

The Anglo-Dutch energy giant issued the warning in its second annual LNG outlook, which reports on developments in the booming market for natural gas cooled to liquid form for export. Shell says the market for LNG grew by 29 million tons last year, 30 percent more than previously expected.

NOI polls, a research and survey firm says 86 per cent of Nigerians buy petrol at an average of N199 per litre.

The firm revealed this in its latest report released in Abuja, on Tuesday adding that the amount was far above the N145 per litre price approved by the Federal government.

It challenged the Department of petroleum Resources to enforce price monitoring mechanism.

Two financial experts on Monday in Lagos have stated that the delay in passing the 2018 Budget could undermine the effective implementation of the Economic Recovery and Growth Plan (ERGP).

The experts, who spoke with the News Agency of Nigeria (NAN), said that the delay in the passage by the National Assembly could hinder implementation of projects critical to economic diversification.

Dr Uche Uwaleke, Head of Banking and Finance Department, Nasarawa State University, Keffi, said that the Budget of Consolidation was developed in line with the Federal Government’s ERGP designed to make the economy more diversified.

The Department for International Development (DFID) has trained about 23,758 women in health education and nutrition in Zamfara state under its Child Development Grant Programme.

The Child Development Grant programme supports pregnant women and nursing mothers with N4,000 monthly in Zamfara and Jigawa states.

The State Team Leader, Mr Tanko Muhammad, made the disclosure during the quarterly meeting of the programme’s state steering committee, organised by Save the Children International, in Gusau.

Special Assistant to the Senate President on Foreign Affairs and International Relations, Bamidele Omishore has disclosed that the National Assembly in conjunction with the Presidency are working assiduously towards reviewing all trade treaties and conventions entered into by Nigeria.

The Naira on Monday remained stable as it traded at N362 to the dollar at the parallel market, same amount it was sold last Friday. The Naira also closed against the euro at N481 at same market in Lagos. The Bureau De Change (BDCs) window, the Naira also recorded same stability.

The President of Trade Union Congress of Nigeria (TUC), Bobboi Kaigama on Saturday called on all state governors who cannot pay monthly salaries of workers to kindly resign from office. Bobboi Kaigama who stated this in Lagos attributed the non-payment of salaries by governors on corruption. He maintained that Organized Labour could no longer vouch for state governors giving excuses that lack of funds was the reason for their inability to pay salaries.

The Nigerian Stock Exchange (NSE) on Monday opened trading on a bright note from where it left off last week, the All Share Index and Market Capitalisation both appreciated by a marginal growth of 0.02 per cent, each. The All Share index appreciated by 8.69 basis points or 0.02 per cent to close trading at 42,579.48 points against 42,570.89 points, while market capitalisation closed at N15.280 trillion after it went down by N3.081 billion or 0.02 per cent from N15.277 trillion recorded in the previous trading day.

Recent report released by Financial Derivatives Company, an economic and financial research firm, says Nigeria requires $15bn (N4.59tn at N306 to a dollar) worth of investments annually for 15 years in order to adequately develop its infrastructure nationwide. In its latest bi-monthly Economic and Business report for February 2018, the FDC stated that the underinvestment in infrastructure in Nigeria over the years had widened the infrastructural gap across the country.

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