Power, housing, transport get more in okayed N6.06tr budgetThis year’s N6.06trillion budget as passed by the National Assembly (NASS) will pay strict attention to addressing perennial issues in power, housing and transport infrastructure, which got the lion’s share of the capital votes. READ MORE

Otudeko is Africa’s best chief executive for 2016A Nigerian business mogul, Oba Otudeko, has emerged the Africa Chief Executive of the Year (2016). Otudeko, who is the chairman of Honeywell Group, beat seven other finalists, including Africa’s richest man, Alhaji Aliko Dangote, to clinch the coveted prize at a meeting of more than 800 chief executives across the continent held in Abidjan, the capital of Cote d’Ivoire. READ MORE

‘Buhari to account for recovered loots soon’President Muhammadu Buhari will soon tell Nigerians the amount of money so far recovered from the looted funds by political office holders in the past administration. READ MORE________________________________________


NASS slashes, passes N6.06trn 2016 budgetABUJA—The National Assembly, yesterday, passed a N6.06 trillion 2016 budget into law, following a motion by the Chairman, Joint Committee on Appropriations, Senator Danjuma Goje, seconded by Senator Andy Uba, thus reducing the President’s proposal by N17 billion. While the President proposed a budget of N6.07 trillion, the National Assembly slashed it to N6.06trillion. The 2016 budget had been trailed by allegations of  padding which delayed its passage. READ MORE

Nigerians should please bear with us on fuel scarcity – KachikwuABUJA — At a time Nigerians are expecting respite from the pangs of the lingering fuel scarcity in the country, Minister of State for Petroleum, Mr. Ibe Kachikwu, has dashed their hopes, stating that the current queues at gas stations would persist till late May. READ MORE

Presidency: No vacancy in 2019 — APCABUJA — There will be no vacancy in the Presidency in 2019, members of the National Caucus of the All Progressives Congress, APC, declared on Tuesday night in a seeming lure to President Muhammadu Buhari to seek a second term.


N500b cash for the poor stays in N6.06tr budgetLawmakers have retained the N500 billion intervention fund for the poor in this year’s N6,077,680,000,000 budget. READ MORE

Fuel scarcity to persist till May, says KachikwuThere is no solution in sight to fuel scarcity, it was learnt yesterday. This was the outcome of the closed meeting President Muhammadu Buhari had with leaders of trade unions in the oil sector in Abuja. READ MORE

I wept on my coronation day, says OlubadanThe Olubadan of Ibadan, Oba Saliu Adetunji, has said the crowd at his coronation scared him. Adetunji spoke in his palace yesterday when Bishop Wale Oke of the Sword of the Spirit Ministry visited him. READ MORE________________________________________


Expectations rising on economy as NASS approves N6.06trn for 2016 fiscal yearThe proposed stimulation of economic activity and growth with N350 billion by the government will soon come to fruition as the National Assembly has approved the 2016 budget with a reduction of over N17billion. This follows separate passage of this year’s appropriation bill, as the National Assembly approved a budget of N6,060,677,358,277. The amount is… READ MORE

Top 25 CEOs for BusinessDay Awards todayThe top 25 corporate performers on the Nigerian Stock Exchange (NSE) will be recognised and honoured today by BusinessDay Media Limited and its partners, Samsung, British Airways and Sujimoto. British Airways will offer a business class return ticket to London to a lucky winner. The return ticket by British Airways to the winner is in… READ MORE

Nigeria’s cocoa loses market traction as old trees, bad weather cut supplyNigeria’s flagship export product, cocoa, is fast losing its traction in the global market, owing to increased number of un-replaced old and worn-out trees in the country and bad weather, both of which have combined to cut supply. Nigeria, the world’s fourth largest cocoa producer and supplier, saw the value of its global supply decline… READ MORE