Indonesian Ambassador to Nigeria, Mr. Harry Purwanto, has disclosed his country’s desire to increase Crude oil import from Nigeria Indonesia.

Central Bank Governor- Dr Godwin Emefiele

The Central Bank Governor, Dr Godwin Emefiele has assured Nigerians that the country would be out of recession in the 3rd quarter of the year following the positive economic indicators.

The Governor stated this while briefing newsmen after the conclusion of that apex bank’s monetary policy committee meeting in Abuja.

Minister for Power, Works and Housing, Mr. Babatunde Fashola

The Minister for Power, Works and Housing, Mr. Babatunde Fashola, has declared that the country is set to witness improvement in power supply as a result of federal government efforts in the power sector.

Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group, 7 billion francs (8.5 million dollars) for running its IT services outside the country in breach of its license conditionalities.

According to a new report, fourteen States of the federation are insolvent as their Internally Generated Revenues (IGR) in 2016 were far below 10 per cent of their Federation Account Allocations (FAA) in the same year.

Five Richest Nigerians

A report by OXFAM, the international anti-poverty NGO, has claimed that the combined wealth of just 5 of Nigerians wealthiest citizens is enough to lift the over 112million Nigerians living below the extreme poverty line , out of poverty.

The Federal Government is contemplating closing its borders with neighbouring countries to stem the tide of smuggling of foreign rice into the country through land borders.

Minster of Finance- Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that the Federal Government could not address the country’s huge infrastructure deficit with budgetary allocations alone in the next 10 years. Adeosun stated this in Abuja at the 10th Africa Finance Corporation Summit, which was organised to chart a way for infrastructure financing in Africa.

Ifeanyi Ubah

The Department of State Services (DSS) has accused Ifeanyi Ubah, the owner of Capital Oil of economic sabotage, punishable by death. The DSS made this known on Tuesday, when hearing on an application challenging his continued detention commenced before Justice Yusuf Halilu of the Federal Capital Territory High Court sitting in Jabi, Abuja.

Chief Audu Ogbeh - Agriculture Minister

The minister of agriculture, Audu Ogbeh has disclosed that the Anchors Borrowers Programme in Kebbi State, North-West Nigeria, has turned 400,000 individual farmers in the state, to millionaires. Ogbeh made the disclosure at the mid-term town-hall meeting of the federal government in Abuja on Tuesday, May 16.