Investment inflow to Nigeria’s economy drastically declined this year
Investment inflow into the Nigerian economy was said to have drastically drop by 42 per cent to $ 2.86 billion this year, this was coming at the eve when the country was labelled as the largest economy in the continent of Africa.
The report was contained in a recent investigation conducted by one of the Nation’s Newspaper, which associated the drastic decline to some militating factors, among which includes, apparently worried by the outcome of the 2015 election foreign investors are beginning to scale down their level of investment in Nigeria as witnessed by marked slowdown in investment inflows in first quarter of this year. Read more
UK to send war planes to rescue Chibok girls in renewed efforts
British warplanes are to be sent to Nigeria to help locate the over 200 pupils of the Government Girls Secondary School, Chibok, Borno State abducted by the radical Boko Haram sect, it was gathered yesterday. The girls were abducted from their hostels on April 15. Read more
Investigate Amnesty International Report
DURING the week, an international human rights watchdog, Amnesty International , in its latest report and video footage of the nation’s Armed Forces alleged that the Nigeria military is involved in “brutal” extra-judicial killings in the North-Eeastern part of the country.
The video footage released in Lagos on Monday showed the nation’s military abusing civilians and engaging in extra-judicial killings of civilians in the north eastern parts of the country, where the activities of the violent Islamic sect, Boko Haram, have been overwhelming. Read more
PFN Wants Nigerians To Be Patient With Jonathan
President of Pentecostal Fellowship of Nigeria (PFN), Dr Felix Omobude, yesterday urged Nigerians to be patient with the federal government and President Goodluck Jonathan over the challenges of insecurity and insurgency in parts of the country.
In a chat with journalists yesterday, Omobude also urged Nigerians to shun violence ahead of 2015 general elections just as he said it would be improper as being agitated in some quarters for churches to be made to pay tax. Read more
Buhari, Tinubu, Kwankwaso Will Defect To PDP
The Senate committee chairman on Federal Capital Territory (FCT), Sen. Smart Adeyemi, yesterday threw a jab at the opposition, All Progressives Congress (APC) predicting that most of their leaders, including Gen. Muhammadu Buhari, former Lagos State Governor, Bola Tinubu and incumbent governor of Kano will defect to PDP after APC presidential convention.
Smart Adeyemi, who represents Kogi West on the floor of the Senate, stated this when he paid a solidarity visit to the national chairman of Peoples Democratic Party (PDP) Dr. Adamu Mu’azu. Read more
Why Power Outage Has Continued Despite Privatisation
Despite the privatisation of the Power Holding Companies of Nigeria (PHCN), there is still inadequate supply of electricity because of distortions and disruptions in gas supply to power plants.
This was disclosed by the chairman/chief executive officer (CEO), Nigerian Electricity Regulatory Commission (NERC), Mr Sam Amadi, when he visited LEADERSHIP’s corporate office yesterday. Read more
Jega Condemns Masked Security Agents During Elections
Apparently referring to the just concluded governorship poll in Osun State, the chairman of the Independent National Electoral Commission (INEC), Prof Attahiru Jega, has condemned security agents who covered their faces during elections.
The INEC boss also disclosed that elections in the country cannot be perfect. Read more
FG Approves N31.2B For Construction Of Kashim Billa Hydro Electricity Project
The Federal Government has approved the sum of N31.2billion for the construction of a 40 MW electricity project in the Kashimbila dam, in Taraba state.
The Federal government also assured of an early completion of the erosion control projects ongoing in the south eastern part of Nigeria, which is estimated at over N15B. Read more
Doctors’ sack is in Nigeria’s best interest – FG
The Nigerian government has revealed that its decision to suspend the Residency Training Programme in the health sector was done in the overall interest of all Nigerians.
This was disclosed by the Secretary to the Government of the Federation (SGF), Senator Pius Anyim, at a meeting with the members of the Presidential Committee of experts on inter-professional relationship in the public health sector and top policy makers of the federal government. Read more
Why Japanese carmakers are threatening to leave Philippines
Top Japanese automakers in the Philippines are threatening to shift production to cheaper Southeast Asian countries as the government drags its feet on a plan to rebuild its shrinking car manufacturing industry.
The potential pullout of production lines by Toyota Motor Corp and Mitsubishi Motors, which have a combined 50,000 vehicle annual capacity in the country, would mean the Philippines could lose more than 1,000 jobs and millions of dollars worth of planned and existing investments. Read more
Fayose inaugurates Transition Committee
Governor-elect of Ekiti State, Ayodele Fayose, on Wednesday inaugurated a nine-man Transition Committee for the smooth take off of his administration on October 16.
Fayose, who performed the ceremony in Ado-Ekiti, said nobody in the party had been penciled down for any appointment, “except two people that I have promised and those were on conditional grounds.” Read more
Nollywood Stars Hail Abia
Professionals in the Nigeria movie industry have hailed Nigeria Premier League side, Abia Warriors after watching the Ochendo Babes pull off a 3-3 draw against two time African champions, Enyimba Int’l of Aba.
Renowned Nollywood Star, Charles Awurum, has described Abia Warriors Football Club of Umuahia as an outfit that has the ability to rule Nigeria in this season’s Glo Premier League. Read more
GRIDCo attributes partial load shedding to gas supply challenges
The Ghana Grid Company, the country’s power transmitter, says it has been forced to shed load partially in the past few weeks because of gas supply challenges from Nigeria.
Chief Executive of GRIDCo, William Amanu, told Joy Business over the past few weeks gas supply from Nigeria “has not been good at all”. Read more