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Home2016January

Month: January 2016

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Economy

The politics and economics of fuel subsidy By Basil Enwegbara

January 1, 2016 Omoniyi Osadare 0

That fuel subsidy is not the problem and inevitably necessary is never in doubt. What made fuel subsidy seem unwanted as it is being advocated by the same cabal and politicians whose partnership sabotage and […]

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Politics

LAHA revokes Femi Pedro’s impeachment …… PUNCH

January 1, 2016 Omoniyi Osadare 0

The Lagos State House of Assembly has revoked the impeachment of a former Deputy Governor of Lagos State, Femi Pedro. The Assembly passed a vote of confidence on him as a fit and proper person […]

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Economy

Lagos Assembly approves N662.588bn 2016 budget ……. VANGUARD

January 1, 2016 Omoniyi Osadare 0

Lagos—The Lagos State House of Assembly yesterday passed into law the N662.588 billion Year 2016 Appropriation Bill presented by the State Governor, Mr. Akinwunmi Ambode on December 17, 2015. The Appropriation Bill, tagged “The Peoples […]

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Politics

Taraba poll: A-Court voids Gov Ishaku’s sack …… VANGUARD

January 1, 2016 Omoniyi Osadare 0

ABUJA—The Abuja Division of the Court of Appeal, yesterday, reversed the verdict of the Taraba State Governorship Election Petition Tribunal which nullified the election victory of Governor Darius Ishaku of the Peoples Democratic Party, PDP. […]

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Security

Nigerian president offers talks with Boko Haram over Chibok girls …….. BBC

January 1, 2016 Omoniyi Osadare 0

Nigeria’s president has said he is prepared to negotiate with Boko Haram militants to secure the release of about 200 schoolgirls. Muhammadu Buhari said that if a credible Boko Haram leadership could be identified then […]

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Economy

Nigeria’s stock index up 3.1 pct as investors balance books ahead of year-end ……. REUTERS

January 1, 2016 Omoniyi Osadare 0

LAGOS (Reuters) – Nigeria’s benchmark stock index rose more than 3 percent on Thursday to its highest level in more than a month as some corporate investors moved to balance their portfolios ahead of the […]

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Economy

Nigeria’s forex reserves decline 15.61 pct to $29.13 bln yr/yr by Dec 29 ……. REUTERS

January 1, 2016 Omoniyi Osadare 0

LAGOS (Reuters) – Nigeria’s foreign exchange reserves declined by 15.61 percent year-on-year to $29.13 billion by Dec. 29, from $34.52 billion a year ago, data from the central bank showed on Thursday.

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