For today, Tuesday, December 19, 2017:


President Buhari extends tenure of CDS, service chiefs

President Muhammadu Buhari has approved the extension of the tenure of the Chief of Defence Staff (CDS), Gen. Abayomi Olonisakin and the service chiefs: the Chief of Army Staff (COAS), Lt. Gen Tukur Buratai, Chief of Air Staff, Air Marshal Sadique Abubakar and the Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas.

PENGASSAN suspends strike amid long queues at fuel stations

Less than 24 hours after it began an industrial action, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has backed off following the recall of its members who were sacked by Neconde Oil.But the agony of motorists in Lagos, Abuja and other cities across the country yesterday continued as the fuel supply situation witnessed no improvement.

Senate panel alleges duplication in 2018 power ministry budget

The Senate Committee on Power yesterday alleged high level of duplication of items in the 2018 budget estimates of the Federal Ministry of Power, Works and Housing, describing it as embarrassing and unacceptable.



Test Nigerian leaders for drug abuse – Emir Sanusi

The Emir of Kano, Muhammadu Sanusi, has called for a law to compel Nigerian political and religious leaders, including lawmakers, governors and traditional rulers, to undertake drug test.

Senate uncovers padding, items duplication

THE Senate, yesterday, uncovered padding of proposed expenditures in the Ministry of Power and duplication of items in the 2018 budget estimates.

Again, Buhari extends CDS, Service Chiefs’ tenure

PRESIDENT Muhammadu Buhari has again, extended the tenure of the Chief of Defence Staff, General Gabriel Olonisakin and the Service Chiefs.



David Mark illegally acquired Senate President’s official residence – FG

The Federal Government has accused a former Senate President, David Mark, of illegally acquiring his then official residence as his private property.

Gunmen kill army colonel in Benue

Some gunmen killed a senior military officer, who was on transit along the Katsina-Ala-Takum Expressway within Benue State on Sunday.

Dangote/BUA rift: Edo shuts Obu mines

The Edo State Government has ordered the immediate shutdown of the mines in dispute between the Dangote Group and BUA International Limited at Obu in Okpella community, Etsako East Local Government Area of the state.



In a Rare Move, Buhari Gives Service Chiefs Third Term

Following the uptick in bombings and attacks in the North-east by Boko Haram terrorists and the uncertainty in the Niger Delta, President Muhammadu Buhari, in an unprecedented move, extended the tenure of the four service chiefs for the second time Monday, effectively giving them a third-term stint in office.

Trouble Looms for PDP, Adedoja Asks Court to Void Secondus’ Election

Despite efforts of the reconciliation committee of the Peoples Democratic Party (PDP) to appease defeated aspirants at its national convention held 10 days ago, one of the aspirants for the chairmanship post, Prof. Taoheed Adedoja, has filed a suit at an Abuja Federal High Court challenging the outcome of the elective convention, which saw the emergence of Uche Secondus as the national chairman of the party.

Oil Prices Rise as PENGASSAN Strike, North Sea Pipeline Threaten Supply

Oil prices edged higher again Monday as a planned workers’ strike in Nigeria’s oil and gas industry and the North Sea pipeline outage threatened crude supply to the international market.



Overnight interbank rates rise as CBN resumes OMO auction

The Central Bank of Nigeria (CBN) on Monday resumed its Open Market Operation (OMO) sales by mopping up liquidity from the banking system to the tune of N450 billion, pushing up interest rates.

Interswitch, Etranzact, SystemSpecs CEOs may go on CBN governance rule

Three Chief Executive Companies (CEOs) of payments companies may leave next year if the Central Bank of Nigeria (CBN) goes ahead to implement the same governance rule which it has for banks.

Food inflation sticky at 20.3% despite FG Agric interventions

Food inflation in Nigeria fell marginally to 20.30 percent in November, a 0.01 percent points decrease compared to 20.31 percent recorded in October 2017.