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kinggogo:pls which channel to watch the match? |
Good development over to you wailers! |
The Federal Government has so far disbursed a total of N220.5 billion budget support facility to 35 states. Bauchi State Governor Mohammed Abubakar said Finance Minister Kemi Adeosun dropped the hint at the Council Chambers of the Presidential Villa in Abuja yesterday during the National Economic Council (NEC) meeting. Abubakar disclosed this to State House correspondents after the NEC meeting which was chaired by Vice President Yemi Osinbajo. The governor quoted Adeosun as telling the NEC that last month, the Federal Government disbursed N1.1 billion budget support loan facility to 35 states. He said the minister disclosed that this made it a total of N6.3 billion disbursed to each of the 35 benefiting states. The conditional budget support facility was designed earlier this year to provide financial relief to state governments. http://www.dailytrust.com.ng/news/general/fg-disburses-n220-5bn-loan-to-35-states/172232.html#rgkrKR2dP81eRtXQ.99 Mynd44 Oamj4 |
The Department of Chemical Engineering of the Ahmadu Bello University (ABU), Zaria, has established a refinery with capacity to process one barrel of crude oil per day. The team leader of the project, Professor Ibrahim Ali Muhammad Dabo told our correspondent who visited the refinery site that at present the refinery would be used mainly for the training of students, although the department had the manpower to build a refinery that would be bigger than that of Kaduna if it had government support. “The initial idea was to construct a 1,000 barrel-capacity refinery, but lack of funding limited us to this one, where we would now be refining one barrel per day,” Dabo said, adding that more than 80 per cent of the materials used for the construction of the refinery were sourced locally. “Only the controls were sourced from Hong Kong. No expatriate was hired from abroad. http://www.dailytrust.com.ng/news/general/abu-builds-1-barrel-per-day-oil-refinery/171165.html Mynd44 Oamj4 |
wailers are not happy with this latest development
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The Accountant General of the Federation Alhaji Ahmed Idris on Thursday said the Treasury Single Account (TSA) is a cash planning and management tool that has helped the country to reduce inflation rate, saying cash inflow into the account has hit N4.36 trillion.http://leadership.ng/business/558696/cash-inflow-into-tsa-hits-n-4-3trn Mynd44 Oam4j
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Over to you wailers
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The importance of Agriculture to the economy cannot be quantified more especially in the present economic crunch where all other sources of revenue have dwindled. Besides, agriculture is the only dependable activity that could guarantee food security apart from its economic benefits, hence, the federal government saw the need to diversify the economy with much priority to agriculture.http://thenationonlineng.net/bumper-harvest-kebbi-surpasses-one-million-tonnes-rice/
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The Economic and Financial Crimes Commission (EFCC) has confirmed media reports that a former Comptroller-General, Nigeria Customs Service (NCS), Alhaji Abdullahi Dikko, returned N1 billion to the Federal Government. The commission’s spokesperson, Mr Wilson Uwujaren, gave the confirmation via SMS to the News Agency of Nigeria (NAN) in Abuja on Saturday. Dikko, who headed the NCS between August 2009 and August 2015, was reportedly arrested by the EFCC in June over alleged diversion of N40 billion from the agency’s coffers. He was said to have been released due to his poor health and was expected to return more money. Uwujaren confirmed the seizure of a property belonging to the former customs boss in the Jabi District of Abuja, saying it was under investigation. http://www.dailytrust.com.ng/news/general/efcc-confirms-return-of-n1billion-by-ex-customs-boss/170289.html?platform=hootsuite CC Mynd44 , Oam4j |
Change is here over to you wailers! |
If there is anything many residents of the Federal Capital Territory are happy for about the economic recession, it is that rent has become more affordable and they can now pay for better accommodation. Tenants and estate agents spoke to Daily Trust about it. Grace Adesewo, 36, with her husband, are expecting the arrival of their first baby. They were living in a two-bedroom apartment in a block of flats in Garki, Area 8, Abuja. The space was too small to accommodate a new baby who needs a cot and a chest of drawers among other items, first time parents would have gone all out for. Mrs. Adesewo, who resumed work three months after putting to bed, invited her mother to help her nurse the baby. In May, 2015 the couple began house-hunting. Although the couple had saved N2.5million which was the going rate for a three bedroom flat in the part of Garki they wanted. But in the end they paid N1.5million for a three-bedroom bungalow with two-room boys quarters and an ample parking space for no less than five cars, in Prince & Princess Estate, Abuja, in January 2016. The house had been vacant for almost a year when the rent was fixed at N2.5million. Over time, the rent reduced as a result of low patronage. The Adesewos’ ability to bargain with the landlord and their willingness to pay for two years’ rent in advance, worked in their favour. Mrs. Adesewo said: “Although we didn’t have the money to make up the balance for the second year, immediately, we were able to appeal to him and he agreed that we paid it after six months.” She teased: “There was no way we were letting the house go because the apartment was beyond our expectation and we didn’t have to worry about accommodation for another two years. We can even rent out the boys quarters and use the money to offset our debt.” The story was no different for Osita Anosike, 33, who moved from Gwarinpa to Ademola Adetokunbo, Wuse 2, Abuja, in September, 2016. Anosike, who a manager in a departmental store in Abuja, said: “Three months to the expiration of my rent, I began house-hunting. After three weeks of searching an agent told me he had found a self-contain apartment in Wuse 2. The bachelor who didn’t mind forfeiting two months’ rent in his old apartment, said: “When he told me the location and that it was going for N400, 000, I jumped at it and immediately paid. Not only is it closer to my workplace, the rent is the same as my old place.” In the last one year, Nigerians have battled with the ripple effect of recession. The one thing that has comforted many of them - especially those in the FCT - is that they can now live in accommodations of their dreams or something close to it. With many houses lying unoccupied and wasting away, landlords are forced to reduce the cost of rent. Agents have also implored more aggressing marketing strategies and platforms like advertising online and posting advert signs on street light poles and so on, announcing vacant premises. On a website, , a self-contained apartment in Asokoro was advertised for N600, 000 as against N700, 000 to N800, 000 a year or two ago. Also rent for office spaces are crashing because some business people like Sefina Idris, who sells shoes and corporate outfits, find it cheaper to trade from their cars, homes or rent a space in somebody’s shop just to display their wares. Mr. Patrick Obinna, a small-scale estate agent operating from Zone 4, explained the trend. He said: “If you look around town, you will find several empty plazas which although are tastefully finished, have been unoccupied for at least one year. They are in Utako and Wuse among others. People who have space in their homes make use of that or come together to rent offices. Each person simply demarcates his work space.” Obinna said: “Landlords want money on their investments and tenants now have choices and don’t suffer as much as they used to. Some office spaces have gone down from N35, 000 per square metre to N30, 000 or N25, 000.” Ejike Charles, who has been an agent for 10 years specialising in clients who want accommodation in Maitama or Wuse areas, explained how the recession has affected the cost of accommodation as well as landed property. He said: “Before a Wuse 2 or Maitama self-contain apartment cost between N500, 000 and N600, 000. Two-bedroom flat was N1.5million. But many of them were empty.” Charles said: “Some landlords, who don’t want to leave their property empty throughout the year, have reduced the rates because they also understand the situation of the country. “Presently, one can get a two-bedroom flat for N1million, three bedrooms for about N1.8million to N2million, while a self-contained can also go for N350, 000 or N400,000 depending on how new the property is,” he said. Despite the rent crash, Charles said there were several empty houses in the metropolis as the recession still made it impossible for tenants to pay the rent. When asked if landed property have also been affected by the recession, he said: “The landed properties have not really been affected because you find out that a land can remain for many years and nothing will affect it. Unlike a house which if you leave empty decays. “The prices of land are still almost the same except in cases where someone who wants to sell his land decides to reduce the price,” he said. Rent rates of duplexes have hardly decreased Charles said. “In Wuse, those with five bedrooms and boys quarters still cost between N8million to N10million for rent and around N120million if they are to be sold. In Maitama rent for such duplexes is still around N15million to N20million.” Do these relocations by tenants mean more business opportunities for agents running these small scale enterprises? “I wouldn’t say that it means more business, but some of us are making more on commissions,” said Obinna. He said this is because people who would ordinarily rent houses in Garki or Wuye can now rent in Asokoro, Wuse or even Maitama if they are lucky. “The rents of some of the properties in prime areas are in some cases almost at par with rates in the less prime areas. We now have more clients renting apartments in these locations, thus giving us more commission. “Clients, when they compare distance and the prestige of having a Maitama, Asokoro or Wuse address, don’t mind paying the difference and living in these part of town.” Abdul Muhammad (33) an agent in Lugbe, said the rates of houses there have also reduced as most tenants find it difficult to renew their rents let alone move to new accommodation. He said: “A two-bedroom flat, two years ago, used to be between N500, 000 and N600, 000. They are now between N400, 000 and N450, 000. A self-contained which was around N250, 000 and N300, 000 now costs between N200, 000 and N250, 000. Muhammad also added that he observed a lot of people who lived in the metropolis are now moving to the outskirts for cheaper accommodation there. Gana Umaisha is one such who said he moved to Dutsen-Alhaji which is cheaper than Dawaki so that he could begin developing his own property. Good roads, little or no traffic congestion, beautiful landscapes, street lights and better security are among reasons which have encouraged Abuja residents to move to prime areas and others like Katampe, Jahi, Life Camp and Karasana where they would ordinarily not have given second thoughts to. Regardless the location in the FCT, estate agents noted that some rents have remained the same, even though the recession has made it very easier for tenants now. They say, many landlords are no longer shylocks and are willing to collect only one year’s rent instead of two as they formerly insisted on in the past. http://www.dailytrust.com.ng/news/general/recession-forces-down-abuja-rent/170235.html |
President Muhammadu Buhari has reiterated that he is in charge of his administration, saying there can only be one head of a country, and at the moment, he is the one. In an interview with The Osasu Show, Buhari described reports of overbearing influence on him by some individuals as mere speculations. Asked to react to a report that “Alhaji Mamman Daura is the true president, while he’s the unofficial vice-president”, he said: “I don’t know where they get their news from. “I stood for the election, I visited every local government in Nigeria, I travelled by road, by air, and so on, and we had one of the most credible election. So whoever feels he has lost somehow is his own problem, I have no problem.” Weeks after the interview was granted, Aisha Buhari made headlines for insinuating that her husband’s government had been hijacked. http://leadership.ng/news/556608/im-in-charge-not-mamman-daura-says-pmb-watch cc mynd44 lalasticlala |
Good development but this news will irritates many wailers lalasticlala mynd44 over to you. |
The Nigeria Custom Service says it will begin to export farm produce to Europe from some Northern States. The Comptroller in charge of Kano and Jigawa States, Mr Abutu Mathias made this known on Thursday during the quarterly stakeholders’ forum in Kano. Mathias said that the aim was to complement the efforts of the Federal Government towards boosting the non-oil sector to revive the nation’s economy. He said that the process was set to begin during the November and December harvest of 2016. The officer revealed that some of the produce to be exported are sesame and gum arabic grains among other types of exportable grains. The comptroller appealed to all agencies involved to give the effort a maximum cooperation to achieve the desired goals. http://www.dailytrust.com.ng/news/general/fg-begins-export-of-farm-produce-from-northern-nigeria-to-europe/169069.html#MjL57WzGcwvxYoHr.99 |
The Economic and Financial Crimes Commission (EFCC) said it has recovered N325 million from individuals in operations carried out in Gombe Zonal Office between January and October 2016. The EFCC Head of Operation in the zone, Alhaji Aminu Ado Aliyu, disclosed this while addressing newsmen yesterday at the office of the Correspondents’ Chapel in Gombe, saying in the last ten months, the commission also received and treated 143 petitions and secured five convictions in the zone which comprises Adamawa, Bauchi, Gombe, Plateau and Taraba states. In Borno State, the EFCC has recovered over N199 millions for the federal government and individual victims since it began operations at its Maiduguri zonal office in November 2015, the zonal head of operations, Ibrahim Bappa said, explaining that the Commission still had many cases undergoing investigation.http://www.dailytrust.com.ng/news/general/efcc-recovers-n325m-in-gombe-n199m-in-borno/167944.html |
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Nigeria’s economy bounces back, overtakes South Africa, Egypt A new report from (IMF) has projected Nigeria as Africa’s biggest economy,in spite of its current challenges. Nigeria is placed ahead of South Africa and Egypt which are second and third respectively. In August,Nigeria was reported to have lost its position as Africa’s biggest economy to South Africa,following the recalculation of the country’s Gross Domestic Product. But the IMF’s World Economic Outlook for October,puts Nigeria’s GDP at 415.08 billion dollars,from 493.83 billion dollars in 2015, while South Africa’s GDP was put at 280.36 billion dollars,from 314.73 billion dollars in 2015. According to the report, Egypt’s 2016 data is not available,but its 2015 size remained at 330.159 dollars while that of Algeria,one of the largest economies on the continent,is put at 168.318 billion dollars.http://www.dailytrust.com.ng/news/business/imf-report-nigeria-s-economy-bounces-back-overtakes-south-africa-egypt/167619.html# |
The Economic and Financial Crimes Commission (EFCC) Kano Zone has said that it had recorded 214 cases with 24 undergoing prosecution and secured 23 convictions and recovered the sum of N54,535,651,183.74 and $622,200.00 respectively. Showcasing the Commission’s progress at a press conference in Kano yesterday, EFCC’s Zonal Head of Operations, Mr. NNaghe Obono Itam stated that property recovered by the commission included eight houses, nine plots of land, three trucks and a car: all from fraudsters and corrupt politically exposed individuals. Itam said the achievements were recorded between January and October this year. http://www.dailytrust.com.ng/news/general/efcc-recovers-n54bn-in-kano-zone/167564.html |
princealexndre:The victims family refuse a huge amount not to demand for execution but here in Nigeria the judges are the one to collect the amount and set the man FREE by saying he is insane! |
Yes this can't happen in Nigeria.Lalasticlala mynd44 do the needful |
This is called justice |
A Saudi Arabian prince has been executed for shooting dead a man during a brawl three years ago in the capital Riyadh, the interior ministry has said. Prince Turki bin Saud al-Kabir was put to death in the capital. No details were given as to how he was executed - most condemned people are beheaded. The prince is the 134th person to be put to death this year, according to a list compiled by the AFP news agency. But it is rare for royal family members to be executed, correspondents say. The prince had pleaded guilty to shooting his compatriot, the interior ministry statement said. Announcing the execution, the ministry said it would assure everyone the government was "keen to preserve security and achieve justice". The victim's family refused offers of "blood money" by which they would receive financial compensation in return for not demanding the death sentence,Al-Arabiya reported. http://www.bbc.com/news/world-middle-east-37697907 |
sunene1:Weldone.Trial on my mind! |
Kano and Kaduna State Governments have concluded plans to generate electricity from solid waste. Environmental officials in the two states gave the indication in separate interviews with the News Agency of Nigeria (NAN). Malam Ahmed Salihu, Director of Environment, Kaduna State Ministry for Environment, said that plans to generate electricity from domestic waste had gone far. According to him, the plan is to transform waste into huge employment opportunities. “We have already entered into discussion with the Federal Ministry of Environment and had shown interest to partner us to make the project a reality. “The waste generation has become a major challenge to the state and we need to be taking advantage of the situation. “The large volumes being generated daily has become a nightmare to the government, residents and even the environment as the population of the state increases.MORE http://www.dailytrust.com.ng/news/general/nnpc-to-start-oil-exploration-in-gombe/166853.html |
Kano and Kaduna State Governments have concluded plans to generate electricity from solid waste. Environmental officials in the two states gave the indication in separate interviews with the News Agency of Nigeria (NAN). Malam Ahmed Salihu, Director of Environment, Kaduna State Ministry for Environment, said that plans to generate electricity from domestic waste had gone far. According to him, the plan is to transform waste into huge employment opportunities. “We have already entered into discussion with the Federal Ministry of Environment and had shown interest to partner us to make the project a reality. “The waste generation has become a major challenge to the state and we need to be taking advantage of the situation. “The large volumes being generated daily has become a nightmare to the government, residents and even the environment as the population of the state increases.MORE http://www.dailytrust.com.ng/news/general/nnpc-to-start-oil-exploration-in-gombe/166853.html |
lalasticlala mynd44 a front page material
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