• Nigeria moving towards knowledge-based economy, says Senator Tinubu

    •Empowers 32 petty traders, others THE Senator representing the Lagos Central District at the upper legislative chamber, Mrs. Oluremi Tinubu, has urged Nigerian youths to prioritise self-development by learning skills that can take them from poverty and prepare them for the workforce because it has become obvious that government cannot ...

  • Ex-NAMA MD, others to temporarily forfeit N3.5bn, $67,586

    The Federal High Court in Lagos has ordered the temporary forfeiture of N3.5bilion and $67,586.27 in the accounts of former Nigerian Airspace Management Agency (NAMA) Managing Director Ibrahim  Abdulsalam and other officers. The others are former NAMA General Manager, Procurement, Olumuyiwa Adegorite; former General Manager, Finance, Segun Agbolade; and former ...

  • Corruption Responsible For Current Economic Woes – Prof Sagay

    The chairman of the Presidential Adversary Committee on Anti-Corruption (PACAC), Prof. I. E. Sagay (SAN) has said it is no longer disputable that corruption holds the ace for the current sorry state of the country’s economy. Sagay stated this yesterday in Jos during the public lecture/ magazine launch of Nigerian ...

  • Investments In Shopping Malls Hit N1.5trn

    In spite of the nation’s ailing economy, the retail market has continued to witness increased investment as shown by the rise in the size of portfolios and number of shopping malls and online channels springing up in Nigeria. Findings by LEADERSHIP Weekend reveal that investment in shopping malls is now ...

  • Stranded Nigerian and Gambian migrants return home from Libya

    Source: International Organization for Migration Country: Gambia, Libya, NigeriaIOM has helped 171 Nigerian migrants and 141 Gambians to return home. The agency provided pre-departure interviews, medical check-ups and material assistance, including clothes and shoes.Libya - On 7 March, IOM helped 171 stranded Nigerian migrants – 76 men and 95 women – ...

  • Made-in-Aba Fair: Exhibitors say products are better packaged

    Two exhibitors at the fourth edition of Made–in-Aba Trade Fair say there have been improvements in the quality and packaging of products exhibited at the fair. However, one of the exhibitors at the fair, which opened in Abuja on Monday and ended on Friday, described patronage at the show as ...

  • Vehicle duty: Senate threatens to remove Customs DG

    Leke Baiyewu, Abuja The Senate on Wednesday asked the Director General, Nigeria Customs Service, Col. Hameed Ali (retd.), to appear before it ‘unfailingly’ next Wednesday. The lawmakers also stated that the Customs boss would not be admitted into the chamber if he failed to appear in the uniform of the ...

  • The shambles of the current forex regulations

    Emmanuel Nwachukwu  For decades bad policy decisions have bedevilled development in Nigeria and fuelled corruption.  We have tended to go for populist solutions and ignored the long term impact of such decisions on the economy.  The recent changes to Nigeria’s foreign exchange regulations are one of such policy decisions.   The ...

  • CBN boosts forex supply by $170m

    ’Femi Asu The Central Bank of Nigeria on Thursday offered the sum of $100m as wholesale interventions and sold about $70m to meet requests for business and personal travel allowances. The CBN said the move was in a bid to sustain the tempo of foreign exchange supply to the interbank ...

  • Sultan to govt: relax ban on rice, vehicles import through land borders

    Sultan of Sokoto Alhaji Saad Abubakar III has urged the Federal Government to relax the ban on importation of rice and vehicles through land borders. The Sultan spoke at his palace yesterday when Acting President Yemi Osinbajo visited him. “We will continue to serve as the voices of the voiceless ...

  • NDLEA Lays Ambush At Kaduna Airport

    Following the March 9 flight diversion from Abuja Airport to Kaduna Airport, the National Drug Law Enforcement Agency, NDLEA has taken its fight against drugs to the new international airport. The chief executive of the agency, Col. Muhammad Mustapha Abdallah (retd) yesterday gave assurance of strict narcotic screening at the ...

  • Trader Bags 10 Years For Drug Trafficking

    Justice Mojisola Olatoregun of Federal High Court in Lagos yesterday convicted and sentenced a Lagos based trader, Okwudili Eboro to 10 years imprisonment for drug trafficking. The judge handed down the verdict after Eboro pleaded guilty to a one count charge of illicit drug dealing brought against him by the ...

  • Guinea-Bissau Prime Minister Lands In Kaduna Airport, Meets Osinbajo

    The Prime Minister of Guinea-Bissau, Umaro Embalo,on Thursday landed in Kaduna International Airport and held talks with Acting President,Professor Yemi Osinbajo,at Airforce Base,Mando Kaduna. The brief meeting between the two leaders over the political crisis in Guinea-Bissau had the Minister of state foreign Affairs, Mrs Bukar Ibrahim,Kaduna State Deputy governor,Arch. ...

  • Police arrest NDLEA official, three others for attempted murder

    ARMSTRONG BAKAM, Bauchi The Police in Bauchi have arrested a staff of the National Drug Law Enforcement Agency (NDLEA), Gombe State Command and three others for attempting to kill a 29-year old man. The suspects were said to have attacked the victim, Isiaka Auta of Kaduna State on the 22nd ...

  • Navy dismisses personnel for illegal drug possession

    For allegedly being in possession of 14.55kg of Marijuana, a Nigerian Navy (NN), Seaman Haruna Umar has been dismissed from service. Umar was dismissed and handed over to operatives of the National Drug Law Enforcement Agency (NDLEA) after a court martial found him guilty of the offence. The suspect was ...

  • Kwara Govt Explains Delay Of February Pension

    The Kwara Government on Thursday said late receipt of elements of federal allocation was responsible for the delay in payment of pension  in February. The state Commissioner for Finance, Alhaji Ademola Banu, gave the reason in a statement made available to the News Agency of Nigeria (NAN) in Ilorin. He ...

  • Economic Plan: Investors Won’t Come Until Implementation Begins – Analysts

    …Say plan lacks specifics Following Nigeria’s Economic Growth Recovery Plan released yesterday by the Ministry of Budget and National Planning, analysts have said investors would not take steps towards coming into the country until implementation of the plan commences. Analysts who spoke with LEADERSHIP yesterday said no foreign investor would ...

  • Analysts express divergent views on economic recovery plan

    Ifeanyi Onuba, Abuja Financial analysts on Wednesday expressed divergent views on whether some of the fiscal strategies contained in the Economic Recovery and Growth Plan were adequate to reposition the economy and take the country out of recession. The ERGP, which was released on Tuesday by the Federal Government, is ...

  • Women allege being tear-gassed while celebrating IWD

    Sesan Olufowobi and Samson Folarin A security aide of the Governor of Lagos State, Akinwunmi Ambode, was on Wednesday accused of using tear gas on some men and women celebrating the International Women’s Day  The people, who were members of Women Arise for Change Initiative, Trade Union Congress, Nigeria Labour ...

  • Scholarship scam: Kano anti-graft commission detains Kwankwaso’s commissioner

    Ted Odogwu, Kano Former Governor Rabiu Musa Kwankwaso’s political associate and   ex-Commissioner for Health, Dr. Abubakar Yusuf, was on Wednesday detained by the Kano State Public Complaints and Anti-Corruption Commission over his alleged involvement in $650,000 foreign scholarship scam. Yusuf, who was accused of conspiring with other stakeholders entrusted to ...

  • Old vehicles: Customs defy Senate on duty payment

    Ifeanyi Onuba, Abuja The Nigeria Customs Service on Wednesday defied the directive of the Senate that it should suspend the planned clampdown on vehicles without correct duty papers, insisting that the one-month ultimatum for owners of such vehicles to pay the appropriate duties remained sacrosanct. The Comptroller-General of Customs, Col. ...