I Need Longer Period Of Rest – Buhari
President Muhammadu Buhari, today, said results of the series of medical checkups he carried out in the course of his medical vacation had shown that he needed longer period of rest. He said this necessitated his staying back in London, United Kingdom longer than initially planned. The President said this in a four-paragraph letter made available to journalists by his Special Adviser on Media and Publicity, Mr. Femi Adesina.
UN Replaces Nigeria’s Nwanze With Ex-Togo PM As IFAD President
The United Nations has appointed Gilbert Houngbo, Deputy Director-General of the International Labour Organisation and former Prime Minister of Togo, as the sixth President of International Fund for Agricultural Development (IFAD). According to Mr Farhan Haq, the Deputy Spokesperson for the UN Secretary-General, Houngbo, is to replace Dr. Kanayo Nwanze whose tenure as fifth president ends on March 31.
Nigeria To Inject N500 Billion Into Mortgage Bank To Tackle Housing Deficit – Fashola
The Federal Government says it will inject N500 billion into the Federal Mortgage Bank to enable it meet the housing needs of Nigerians. Minister of State for Power, Works and Housing, Mustapha Baba, who disclosed this on Monday in Jalingo, said the measure would help the the bank to adequately cater for the rising mortgage finance needs of workers.
Buhari Should Resign, Confirm Osinbajo Substantive President – Group Urges
An international human rights organisation has called on President Muhammadu Buhari to resign and pave way for the acting president Yemi Osinbajo to be confirmed as substantive president. The organisation, Opinion Nigeria, said it was important, in the interest of the country, for President Buhari to tender his resignation letter without delay.
Nigerian Stock Exchange lists Forte Oil’s N9 billion bond
The Nigerian Stock Exchange, NSE, has listed an underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the energy company. A statement released on Tuesday by Joseph Kadiri, NSE’s media adviser, said the proceeds of the N9 billion Series 1 Five Year bond will be deployed to refinance existing short term commercial bank loan obligations.
Outsourcing: Untapped Economic Goldmine In Nig – Experts
Experts have advised the Federal government not to undermine the potentials to grow the nation’s economy through Business Processing Outsourcing(BPO), the sub-sector, they said its viable to attract multiple Foreign Direct investments that will in two years tame unemployment syndrome and turn-up contributions to the nation’s Gross Domestic Products(GDP) from the industry. The experts also said there is need for the review of the Business Processing Outsourcing laws enacted in 2011 describing it as stale regulation that needed to be reviewed.
AGF, Sagay, Falana, Others To Attend SERAP’s Anti-Corruption Round-Table
Attorney General of the Federation and Minister of Justice Mr. Abubakar Malami SAN, Professor Itse Sagay SAN Chairman Presidential Advisory Committee against Corruption, and Femi Falana SAN are among those that have confirmed their participation at the maiden Strategic Dialogue on Improving Anticorruption Institutions in Nigeria being organized by Socio-Economic Rights and Accountability Project (SERAP) in collaboration with the National Endowment for Democracy (NED).
Boko Haram: 310,000 IDPs In Borno Return To Liberated Communities
The National Emergency Management Agency (NEMA), says about 310,000 Internally Displaced Persons (IDPs), from seven local governments areas of Borno state have returned home following liberation of their communities and return of peace. Mr Muhammad Kanar, the NEMA North-East Coordinator, disclosed this in an interview with the News Agency of Nigeria (NAN), on Tuesday in Maiduguri.
South African Retailer Shoprite’s Profit Jumps In Nigeria, Angola
South African retailer, Shoprite, reported a 15.5 per cent jump in half-year profit, buoyed by sharp sales growth in Angola and Nigeria. Shoprite on Monday scrapped plans to merge with Steinhoff International. Shoprite, which sells mostly groceries, has grown rapidly outside its home market with sales in other African countries now accounting for more than a fifth of the retailer’s total.