Business

See the cost of Ebuka’s trending agbada oufit to BAAD 2017

Apparently, Nigerians are yet to get over Ebuka’s fabulous agbada outfit to #BAAD 2017. Renowned fashion designer, Ugo Monye who made the agbada has now seen his followers on Instagram astronomically, shoot from 4k to 27.4K just few days after the photo of Ebuka wearing the outfit went viral. It has however, been revealed from an alleged screenshot of a chat between a follower and Ugo Monye on Instagram, that the agbada cost a whooping N280, 000 to make So if u were considering to go all “Ebuka” for the next wedding you attend, well there you go.. Now you know your budget.

“FG owes me money” – Embattled Ex Pension Reform boss, Maina

Abdurasheed Maina, Ex boss of the Presidential Pension Reform Team (PPRT) has challenged the Economic and Financial Crimes Commission (EFCC) to an open debate following the corruption allegation charges trailing him. Maina spoke through his lawyer, Sani Katu, saying, “Let’s meet at an open panel of investigation if the EFCC is truly straightforward. We urge the government to appoint an independent panel of investigation and see who will run out of Nigeria.” According to Maina, who is still being looked for by the EFCC, the allegations of corruption brought against him are not true. He noted that it is the federal government that should be paying him money following its whistle blower policy, as he assisted in recovering stolen funds. Katu said;“In 2011, we stopped the stealing of N300 mill...

“Lagos state to get 24/7 power supply in 2018” – Ambode

Governor, Akinwunmi Ambode of Lagos State has stated that plans have reached advanced stages to generate constant electricity supply in 2018 across Lagos state Gov. Ambode noted that strategies have been devised in the state to ensure that “24/7 power supply to residents” is achieved in Lagos state Ambode made the revelation during an interactive session with members of the business community and informal sector which held recently in Lagos. According to a statement by the Chief Press Secretary to the Lagos state governor, Habib Haruna on Sunday, Gov. Ambode said; “Presently, we have less than 1,000MW in Lagos and the fundamental issues remain with generation, transmission and distribution. Transmission is still owned primarily by the Federal Government. But in Lagos State, we ...

Senate approves President Buhari’s request to seek $5.5 billion foreign loan

The Senate has approved the request of President Muhammadu Buhari to seek a $5.5 billion foreign loan. The loan was approved during the Senate’s plenary session on Tuesday. President Buhari, in a letter adressed to the National House of Assembly in October, explained that $2.5 billion of the loan would be utilized in financing the 2017 budget while the remaining $3 billion is to be channeled into refinancing domestic debts. The Senators, upon approving the loans, vowed to effectively oversight all the projects outlined to be executed with the loans. The Senate’s approval of the loan followed the consideration of the report submitted by its Committee on Local and Foreign Debts headed by Senator Shehu Sani. The committee recommended the approval of the loan, confirming that the p...

Publish names of ‘real thieves’ – Sagay challenges Maina

Presidential Advisory Committee on Anti-Corruption, PACAC, Professor Itse Sagay (SAN),has challenged ex-Pension boss Abdulrasheed Maina, to publish names of beneficiaries of looted pensions funds. Sagay stated this in reaction to video wherein Maina stated he had not fled the country and that he had documents that would expose the real thieves. Prof. Sagay in his reaction, said Maina should first of all give himself up and then publish the said list of beneficiaries. ‘’The first thing is that he should give himself up. “All those who were involved in reabsorbing him should be punished because, as far as I am concerned, they were trying to cover up for him and trying to deceive the country and then wreck the image, which this government has built up as total intolerance of corruption. “Now,...

Chidi Odinkalu disputes Magu’s N325 million Ikoyigate Whistleblower reward claims; says whistleblower’s life is in danger

Popular Human rights activist, Chidi Odinkalu has disputed the reports claiming that the Whistleblower who disclosed the location of the $1.6m Ikoyi apartment to the Economic and Financial Crimes Commision (EFCC) has been rewarded with N325 million. The Whistleblower was reported to have, earlier in the year, led the anti graft agency to recover the sums of $43,449,947, £27,800 and N23,218,000 in an apartment located in the Ikoyi area of Lagos state According to Odinkalu, the Whistleblower has unfortunately experienced persecution and “suffered serial detention in 3 different institutions” contrary to reports that he had been rewarded He further stated that the Whistleblower’s life could be in danger. Odinkalua made the claims in a series of tweets made via his twitter ha...

Psquare put up multimillion naira ‘Square Ville’ mansion for sale

According to reports, recently separated music duo of Peter and Paul Okoye popularly known as Psquare have put up their multi-million naira ‘Square Ville’ mansion for sale. The mansion located at Holloway street, Omole Estate in Ikeja, was reportedly spotted with a “For Sale” sign post outside the gate this morning The decision unsurprisingly comes after the group’s recent split and subsequent moves to pursue solo careers. The Square Ville Mansion, which consists of a twin building attached with an underground basement, swimming pool, and other exotic features, is said to have been tagged with a 320 Million Naira selling price. The twin brothers and their former manager and elder brother, Jude are reported to have stationed different landed properties in areas...

President Buhari proposes N8.6 trillion budget for 2018

President Muhammadu Buhari, on Tuesday, presented the 2018 budget to a joint session of the National Assembly. The presentation of the N8.6 trillion appropriation bill tagged the ‘budget of consolidation’ is said to have commenced at exactly 2pm. President Muhamadu Buhari, during the presentation, noted that the budget is projected at an oil price of $45 per barrel and an estimate 2.3 million barrels per day. He added that the projection is further based on a N305 to $1 exchange rate of a real Gross Domestic Growth of 3.5 per cent and inflation rate of 12.4 per cent. Below is the President’s full presentation speech; PROTOCOLS 1. I am here to present 2018 Budget Proposals. Before presenting the Budget, let me thank all of you Distinguished and Honourable Members of the National...

“Incredible things Goodluck Jonathan did as President” – VP Yemi Osinbajo

The Vice President, Yemi Osinbajo has spoken about what he called the incredible things that happened under the previous administration, particularly in the few weeks that preceded the 2015 general elections. Prof. Yemi Osinbajo uncovered the said happenings while speaking at the legislative economic summit titled “Legislative Framework for Economic Recovery and Sustainable Development” which held in Abuja on Monday. According to the VP, under President Goodluck Jonathan’s administration, Nigeria witnessed wanton stealings and crass mismanagement of resources; the situation, which he alleged, is responsible for the recent economic recession faced in the country. He said, “Of course, we all know that there was very little by the way of investment in infrastructure an...

Oil Prices hit highest levels as Saudi’s crown prince executes anti-corruption purge

Oil prices have hit highest levels in years as an anti-corruption crackdown by the crown prince of Saudi Arabia that included high profile arrests and a tightening of the markets happened over the wekend. The global benchmark for oil prices, Brent futures, early on Monday, hit $62.44 per barrel while U.S. West Texas Intermediate crude hit $56.00 per barrel. The figures have been the highest levels reached for some years now. Prince Mohammed bin Salman’s anti corruption purge which saw investors, Government officials and royals arrested has sent out a statement of intent concerning his position as the designated future king of Arabia Head of the National Guard, Prince Miteb bin Abdullah and Billionaire, Alwaleed bin Talal, were amongst those arrested. Head market strategist at futures...

FEC approves 2018 budget proposal

The federal executive council (FEC) has approved the 2018 budget proposal. The draft for the budget proposal was approved on Thursday during the FEC meeting held at the State House in Abuja. The Minister of Budget and National planning, Udo Udoma stated this when he addressed state house correspondents in Abuja. According to him, President Buhari will submit the draft to the National Assembly after the FEC must have liaised with the lawmakers on when it should be submitted

Wednesday’s FEC meeting to hold on Thursday due to unfinished budget

President Buhari, earlier today, pushed this week’s Federal Executive Council (FEC) meeting from today, Wednesday to tomorrow, Thursday The FEC meeting which holds on Wednesdays every week, was postponed till Thursday following the non completion of the 2018 budget. The postponement was announced by the Presidency on it’s official Twitter handle on Wednesday, saying: “Federal Executive Council (FEC) Meeting will hold tomorrow, Thursday Oct 26. Agenda is #Budget2018, which is currently being finalised,” According to the Presidency, a special session will be organised for members of the council to deliberate on the 2018 Appropriation Bill. The Federal Government had earlier promised to get the 2018 Appropriation Bill to the National Assembly this month.

Lost Password

Register