Investigation shows 15 out of Nigeria’s 36 states going bankrupt

Fifteen out of the country’s 36 states may go bankrupt as their Internally Generated Revenues (IGR) in 2015 was far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016, an investigation by Economic Confidential has shown. The report further indicates that the IGR of Lagos State of […]

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Nigerian government to unveil affordable housing scheme on Monday

The Federal Government on Saturday said it will unveil plans to make housing affordable for Nigerians as promised during the campaigns. The Minister of Power, Works and Housing, Mr Babatunde Fashola, will make the plan public at the Affordable Housing Summit 2016, by the ministry in partnership with German Development Cooperation. Briefing reporters on the […]

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Government may borrow N165b to pay civil servants -Finance Minister, Adeosun

With fast declining revenue, the Federal Government said it is now faced with the prospect of borrowing to meet the monthly civil service wage bill of N165 billion. Minister of Finance, Kemi Adeosun, who had met with protesting workers of her ministry on Wednesday, said in a statement in Abuja on Thursday that she does […]

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Crush working, as Nigerian couple who met on Instagram get engaged (Photos)

This is amazing, being the good side of social media. Ify Yvonne, aka naijagoddess on Instagram, back in March 2015 shared this picture of Nigerian NFL player, Chris Madu and announced to her followers that she has a crush on him and needs to find him fast. Fast forward to June 2016, Chris Madu has […]

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Mrs. Aisha Buhari tries to shake hands with Alaafin of Oyo but Alaafin refused (See Photos)

The Alaafin’s official Facebook page shared these photos of Mrs Buhari trying to shake the hands of the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi, during an event at University of Maiduguri last week. As you can see, the Alaafin refused to stretch his hands and accept her handshake. Many suggested it was disrespectful for the wife […]

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Nine musicians lost their lives, June 25, in Kenya’s boat accident on Lake Victoria

Nyanza regional head of police, Willy Lugusa, disclosed that 9 musicians lost their lives yesterday, June 25, when their boat capsized on the Kenyan side of Lake Victoria while 17 other passengers in the vessel were rescued. “The bodies of the other nine are yet to be recovered. We believe they are dead for now,” […]

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Africa’s average rate of productivity growth falls to 1.7%, says ICAEW’s report

Strong GDP growth in Africa has masked disappointing productivity, according to ICAEW’s latest Economic Insight: Africa Q2 report. Over the last 15 years trade and investment have buffered the continent against the global financial crisis. However, according to the accountancy and finance body, this has hidden low productivity figures – despite much greater potential for […]

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Star actor and singer, Jamie Foxx and a fan get naughty on stage (Photos)

Reports say there have been persistent rumours that Jamie Foxx and Katie Holmes are an item but the actor and singer looked very much single as he put on a raunchy performance with a fan during a charity concert in Miami. Foxx looked completely in the zone, as a fan hopped onstage and proceeded to […]

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Avengers predict splitting of Nigeria into 5 countries as they demand referendum

Militant group Niger Delta Avengers on Saturday afternoon demanded a referendum in a series of tweets from their official handle ‏@NDAvengers. In one of the tweets, the group said: “President Buhari borrow a leaf from PM David Cameron, call for a referendum and let Nigerians decides like they did to vote you into Power.” In […]

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Geology expert says deadly earthquake likely in Nigeria before 2020

A preliminary report on the earth tremor that had been occurring in Saki town, Saki West Local Government, in Oyo State is an impending signal to a damaging earthquake in South West region of the country, in the next four years, precisely before 2020. This was disclosed in a report by Dr Adepelumi Adekunle Abraham […]

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EFCC chairman, Ibrahim Magu says they will soon go after Bank MDs

The Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says the anti-graft agency will eventually go after bank MDs found culpable…whose banks are involved in money laundering, especially through the use of private banking “We had a discussion with the governor of the Central Bank of Nigeria and I insisted that this so-called […]

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Buhari getting the change he didn’t bargain for -The Nation Newspaper

Before last year’s presidential election, no one thought it necessary to ask president Muhammadu Buhari, who was then candidate of the All Progressives Congress (APC), how he hoped to work the magic of achieving his promised exchange rate parity between the naira and dollar. It was, however, apparently sufficient for him and many hopeful others […]

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