Author: darelasisi@gmail.com
Dubai and Moscow, Nov. 21, 2019 (Reuters/NAN) OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable oil prices amid the listing of state oil giant Saudi Aramco. OPEC meets on Dec. 5 at its headquarters in Vienna to be followed by talks with a group of other oil producers, lead by Russia, known as OPEC+. The current oil supply cuts run through to March 2020. On Dec. 5, Saudi Arabia is set to announce the final pricing of the…
A Kano High Court presided over by Justice Usman Na’Abba on Thursday dissolved the four additional emirates and first-class emirs created by the Kano State Government. Gov. Abdullahi Ganduje, had on May 8, assented to a controversial law establishing four additional emirates with first-class emirs in Bichi, Rano, Karaye and Gaya. But the law was challenged by the then member representing Gwarzo in the Kano State House of Assembly, Rabi’u Saleh Gwarzo, at the state high court. Delivering the judgement, Justice Na’abba said the Kano State House of Assembly had violated the provision of Section 101 of the 1999 Constitution…
By Tony Obiechina, Abuja Minister of State for Budget and National Planning, Prince Clem Ikanade Agba has underscored the need for donor agencies and development partners in the country to cooperate with Government in its effort to streamline their support to the country. Prince Agba said the cooperation by the donors and development partners would help to align their support to the country’s priority areas and make for better coordination of their activities and programmes in the country. He spoke while playing host to a delegation from the United Nations Industrial Development Organisation (UNIDO) led by its Representative to ECOWAS and…
In an unprecedented move, the Shehu of Borno, Alhaji Abubakar Ibn Umar Garbai El-Kanemi, has personally apologized to Mr. Usman Bakari, an officer of the Nigerian Security and Civil Defence Corps (NSCDC), who was ‘deliberately’ knocked down last Saturday, by Prince Kashim Abubakar El-Kanemi, a son to the Shehu during a car racing stunt. The traditional ruler of Borno, also made a cash donation of N100, 000 to the NSCDC Divisional Officer in charge of the Maiduguri metropolitan council, who sustained a serious injury on his head and other parts of his body, as a result of the incident. A…
President Muhammadu Buhari on Thursday met with speakers of the 36 states Houses of Assembly of the federation at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the speakers were led by their Chairman, Mr Mudashiru Obassa, who is also the Speaker of Lagos State House of Assembly. NAN reports that though the agenda of the meeting was unknown as at the time of filing this report, President Buhari and the speakers are expected to deliberate on national issues, including security and autonomy of the Assemblies. Those at the meeting included the Speaker of the House…
The coalition of Civil Society Organisations (CSOs) has urged the National Assembly probe the restoration of the $195 million Coastal Waterways Security contract awarded by the Ministry of Transport. The CSOs led by Mr Solomon Adodo, Convener, Empowerment for Unemployed Youth Initiative (EUYI) made the call on Wednesday in a press briefing in Abuja. Adodo who addressed the press on the issue regretted that the contract awarded to HLSI security systems had been restored in spite of its cancelation by the Federal Executive Council (FEC). “Following our petition, the House Committee on Public Petitions invited all concerned Parties to seven…
The Chairman, House Committee on Niger Delta Development Commission (NDDC), Rep. Olubunmi Tunji-Ojo (APC-Ondo) has said that the Commission had been spending illegally and without appropriation for 11 months. This is even as he said that the NDDC had been running foul of the appropriation laws for the past 14 months as it had yet to submit any budget proposal to the National Assembly for approval since Sept. 2018. He said that since the expiration of the approved 2018 Budget, the commission had been spending without approval. Speaking in an interview with newsmen, in Abuja, Tunji-Ojo said that the commission…
The ECOWAS Parliament and Commission on Wednesday raised concerns over the security challenges in the region. It called for collective efforts to restore stability in the region, especially the political crisis in Guinea Bissau. The Speaker of ECOWAS Parliament, Moustapha Cisse-Lo, said this at the Second Ordinary Session of ECOWAS Parliament held in Abuja. He said that it was important to act collectively as a region to eradicate spiral violence and recurrent attacks. “The recurrent terrorist attacks in Mali and Burkina Faso, where they have become more deadly, remind us of the critical need to respond appropriately to this threat.…
Vice President Yemi Osinbajo on Thursday presided over the monthly National Economic Council (NEC) meeting at the Presidential Villa, Abuja. Nigeria’s Constitution provides that the vice president is the Chairman of NEC. The council meeting is held monthly to deliberate on the coordination of the economic planning efforts and economic programmes of the various levels of government. NEC comprises the 36 state governors, the governor of Central Bank of Nigeria, minister of finance, Secretary to the Government of the Federation and other government officials as well as agencies involved in managing the economy.
Cross River Governor Ben Ayade on Thursday presented a budget of N1.1trillion for 2020 to the State House of Assembly. The budget, tagged “Budget of Olimpotic Meristemasis”, has a capital expenditure of N911 billion representing 82.8 per cent and a recurrent expenditure of N188 billion, representing 17.2 per cent. While explaining that meristematic is the active cell that stimulates growth in a young plant, which in this case represented the state, he pointed out that, “the budget will catalyze into existence a great opportunity for the state to put all hands and legs on the pedal.” He said the decision…