President Muhammadu Buhari and the Kingdom of Saudi Arabia ruler, King Salman Bin Abdul-Aziz on Tuesday expressed commitment to a”stable oil market” and a “rebound of oil price.” At a bilateral meeting between Nigeria and Saudi Arabia in Riyadh hosted by the ruler, the two countries agreed that their economies were tied to oil, saying that all cannot be well with them when the world oil market was unstable. They therefore expressed commitment to doing all that is possible to stabilize the market and rebound the oil price, according to a statement by the Senior Special Adviser to the President on Media and…
Author: Pride Team
STILL smarting from the fall-out of the negative press around the 2016 budget, President Muhammadu Buhari Tuesday night in Riyadh vowed that all those involved in the “padding” of the 2016 National Budget will face the most severe punishment. A statement by the Special Adviser to the President on Media and Publicity, Femi Adesina quoted Buhari as saying that the unauthorised alterations had completely changed the document from the one he presented to the National Assembly. “The culprits will not go unpunished. I have been a military governor, petroleum minister, military Head of State and headed the Petroleum Trust Fund. “Never had I…
Oyo State Governor, Senator Abiola Ajimobi, has challenged members of the Institute of Chartered Accountants of Nigeria (ICAN) to use their experience to proffer solutions to the economic downturn currently besetting the country. The governor gave the charge while welcoming the national executive members of the institute led by the President, Chief Samuel Deru who paid him a courtesy call in his office in Ibadan, on Tuesday. Ajimobi also stressed the need for ICAN to support his administration in its efforts at shoring up its internally generated revenue (IGR), given the sharp drop in the allocation accruing to the state from…
The Minister of Information and Culture, Alhaji Lai Mohammed, has described China as one of the most important partners in Nigeria’s quest to develop its infrastructure. Speaking while receiving the Ambassador of the Peoples Republic of China to Nigeria, Ambassador Gu Xiaojie, who paid him a courtesy visit at his office in Abuja on Tuesday, the Minister said that is why the Nigerian government holds its relataionship with China very dear. ”China is a veritabe development partner with Nigeria. The relationship between the two countries started at the level of cultural collaboration but has now gone beyond that to the developmental…
The President of the Lagos State Chambers of Commerce and Industry (LCCI), Chief Nike Akande has urged the State House of Assembly to work in collaboration with the Federal Government to address the issue of multiple taxation and traffic congestion to aid economic development of the state. Akande who made the appeal during a courtesy call on the Speaker of the Lagos State House of Assembly, Mudashiru Obasa at Alausa, Ikeja, maintained that “Lagos being the home for all, and commercial capital of Nigeria cannot but show the lead by tackling the menace of multiplicity of taxes, challenges associated with…
THE allocations to the three tiers of government has declined by N17.38 billion from N387.77billion shared in December to N370.38billion in January. Minister of Finance, Mrs Kemi Adeosun disclosed this development while addressing journalists shortly after this month’s Federation Accounts Allocation Committee meeting which was held at the headquarters of the ministry in Abuja. She attributed the decline in allocation to drop in oil prices from $43.4 to $39.04 which resulted into a loss of revenue of $22.55million. The minister added that the Cash Call obligation of the Nigerian National Petroleum Corporation to its Joint Venture partners led to a reduction…
Men of the Delta State Police Command have arrested the managing director of an oil servicing company and some police officers who allegedly assaulted staff of the Federal Inland Revenue Service (FIRS) on official duty in Warri, Delta State. The arrest of the perpetrators of the attack on FIRS officials was sequel to a formal complaint and appeal by the FIRS State Coordinator for Edo, Delta and Rivers, Hon. Joel-Onowakpo Thomas. He had lodged a complaint at the Police Headquarters Asaba prompting the Commissioner of Police, Delta State Police Command, Baba Usman Alkali to help fish out those behind the…
Lagos State Governor, Mr. Akinwunmi Ambode has expressed optimism that the foreign exchange crisis plaguing the country which has resulted in Naira depreciating considerably low against the Dollar is solvable, but that the country must look inward and start to embrace massive local manufacturing of products and local ownership of businesses. Governor Ambode said the deficiency which Nigeria is currently experiencing in the economy as a result of the forex challenges was a pointer to the fact that all hands must be on deck to carry out some kind of structural adjustment on the economy and encourage the manufacturing of…
A person, they say, isn’t defined by their challenges in life, but their victories. Media personality, Toke Makinwa is one of those whom the cliché aptly applies to. Being exposed to the public eye is no lean feat, you get bullied… a lot, and thanks to the social media world, it’s made bullies a lot bolder. Super-woman Toke hasn’t let that faze her, she keeps winning still! One of the categories she seems to have put her stamp on is fashion. Her style is one that can’t be overlooked, and yes, we know you see it too. If you think…
From photo bombing to photo flossing, the story of Olajumoke is exceptionally inspiring. They say dreams do come true and positioning is an essential part to reaching ones dream. Well, for Olajumoke, it goes beyond hearsay, it’s her reality – bread seller turned model. That’s why she makes it as our woman crush Wednesday. Considering the amount of attention her story has garnered, not just locally, but internationally too, we wouldn’t dabble into it further. Rather, we’ll get on with why we have a crush on her, which by the way isn’t far-fetched. She makes casual-hawking clothes look stylish. You…