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MMM Nigeria not yet crashed!

There has been some reports flying around about a purported folding up of Ponzi Scheme, MMM Nigeria in Lagos which have sent “investors” in the scheme into early panic. FINANCIAL WATCH can report that the reports are false.

Although this can serve as a respite, but analyst believes MMM Nigeria’s crash is not if, but when. Already, there has been been several warnings from Nigeria’s Security and exchange commission (SEC) and the Central Bank of Nigeria (CBN) to Nigerians against investing in such ponzi schemes.

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Love Island's Rykard Jenkins is NAKED and HAIRLESS

Picture the scene: we were innocently scrolling through the social snaps of Rachel Fenton from Love Island (because that is our actual job) when we came across a sight that gave us quite a start.

It was Rachel's Love Island boyf Rykard Jenkins and he's COMPLETELY NAKED.

Of course, the question on every sane woman / man's mind is immediately: but is his penis as big as Alex Bowen's (alleged) peen?

Let's find out!

Metal-loving vicar wants to turn his church into a gig venue

A vicar who is a fan of Metallica and Nine Inch Nails has applied to the for a live music licence so that his London church can become a gig venue.

Father Tom Plant has written to Camden Council stating that he wants St Michael’s Church to be able to host gigs four nights a week to crowds of 300 people.

Fr Plant, who became the vicar of St Michael’s in January, is seeking to install a bar and sound stage as well as a sound system at the church.

BREAKING: ‘Deadly blast’ hits police bus in Istanbul

At least 11 people have been killed by a blast which targeted a police bus in central Istanbul, officials say.
The remote-controlled device was reportedly detonated as the vehicle passed through the busy Vezneciler district at the morning rush hour.

No group has yet said it carried out the attack.

Violence in Turkey has escalated recently as a result of tensions with Kurdish separatists and the conflict in neighbouring Syria.

The explosion happened near the city’s historic Beyazit Square neighbourhood, a major tourist attraction.
At least 36 other people were injured, Istanbul’s governor said.
Pictures showed the wreckage of a bus destroyed and the facade of nearby buildings damaged. Armed police were also seen next to the site.
Reports said gunfire was heard in the area after the blast.

Don’t Panic, FG Negotiating With Niger Delta Elders – Osinbajo

The Inspector Gener­al of Police, Mr. Solo­mon Arase, has urged Nigerians not to lose sleep over the threats by some Niger Delta militants to bomb key public and private institu­tions in Lagos, Abuja and Ka­duna.

In a swift reaction to the threats by the Joint Niger Del­ta Liberation Force (JNDLF) to bomb the State House, Abu­ja, Defence Headquarters, Po­lice Headquarters, refineries, the Central Bank of Nigeria (CBN) and others today, the IGP affirmed that the police authorities would provide ad­equate security for all law-abid­ing citizens.

Last week, the JNDLF threatened to launch six mis­siles beginning from today.

Jonathan: I Did Not Leave Empty Treasury

Former President Goodluck Jonathan monday said he did not leave an empty treasury for President Muhammadu Buhari who took the reins of government from him on 29 May last year.

“It is not true; there is no way that he (President Buhari) would have inherited an empty treasury and at the same time give bailout to the states. It’s not possible,” he told Bloomberg TV.

Again, Appeal Court postpones hearing of Saraki’s application

The Court of Appeal in Abuja has again suspended its hearing of an application filed by the Senate President, Bukola Saraki, in connection to the alleged false asset declaration charges against him at the Code of Conduct Tribunal.

Nigeria: 'Tourism Golf Tourney Will Boost Tourism in Bauchi

The patron of Bauchi Golf and Country Club, Major General Junaid Bindawa (rtd) and the captain of the Bauchi Golf and Country Club, Professor Ediga Agbo have predicted that the hosting of the Tourism Golf Tournament event would enhance the development of tourism in Bauchi State.

Both officials spoke at the trophy and prize presentation ceremony of the recently concluded Maiden Tourism Golf Tournament in Bauchi.

Ex-NNPC MD set to be named OPEC secretary-general

The Organization of the Petroleum Exporting Countries (OPEC) is likely to choose Nigeria’s Mohammed Barkindo, a former head of state oil firm NNPC, as the next secretary-general of the producer group, three sources with knowledge of the matter said on Tuesday.

The Organization of the Petroleum Exporting Countries has been looking for a replacement for Libya’s Abdullah al-Badri, who was elected acting secretary-general in December until the end of July after serving full terms.

Barkindo led the Nigerian National Petroleum Corporation from 2009 to 2010.

OPEC oil ministers meet on Thursday in Vienna. The consensus of all members – which in the past has sometimes been elusive – is required for the appointment of a new secretary-general

Government policies will strengthen naira, foreign reserves –DMO assures Nigerians

The Director General of the Debt Management Office, DMO, Dr. Abraham Nwankwo has assured that as the impact of federal government’s economy diversification plan begins to yield results, the naira and foreign exchange reserves will recover in the years ahead.

Nigeria Records Trade Gap in First Quarter as Oil Exports Drop

Nigeria recorded its first quarterly trade deficit in at least seven years in the three months through March as exports of crude oil dropped, adding to the nation’s economic distress.

100,000 Syrians trapped’ as IS advances near Turkish border

At least 100,000 people were trapped Friday along Syria’s border with Turkey after the Islamic State group swept through rebel territory in Aleppo province, rights groups and activists said.

The shock IS advance on two rebel-held towns came as the jihadist group is facing an offensive further east in its own heartland of Raqa province.

Ambode Opens Office of Overseas Affairs and Investment

The Lagos State government said it is set for a phenomenal change with the unveiling of the Office of Overseas Affairs and Investment,  known as Lagos Global, by Governor Akinwunmi Ambode.

The Office is a one-stop shop designed to enhance ease of doing business in Lagos State. The initiative is in line with the commitment of the Ambode’s administration to make Lagos an investment destination of choice, by creating a favorable environment for local and Foreign Direct Investment (FDI) to thrive, he added.

North-East youths slam Fayose over comment on Chibok girls

Youths from the North-Eastern part of the country , under the aegis of, North-East Youth Peace Development and Empowerment Initiative (NEYPDI) have criticised Governor Ayodele Fayose of Ekiti State over his recent comment that no schoolgirl was abducted in Chibok, Borno State.

Why We Can’t Stop Blaming PDP for Economic Woes, Says APC

The All Progressives Congress (APC) has said that the reason it will not stop blaming the Peoples Democratic Parties for the nation’s economic woes is because of the overwhelming impact of its misdeeds in the past 16 years.

The National Chairman of the PDP, Senator Ali Modu Sheriff, had on Wednesday asked APC and the President Muhammadu Buhari-led administration to stop blaming the opposition party for its failure to arrest the economic crisis which is presenting suffocating the citizenry.

APC Reads Riot Act on Use of Social Media

The Chairman of the All Progressives Congress (APC), Ondo State, Mr Isaacs Kekemeke, on Wednesday read the riot act to members of the party and supporters of various gubernatorial aspirants to desist from using social media platforms to abuse leaders and other stakeholders of the party or face the wrath of the organisation.

Ntel to launch LTE services this week

Nigerian telco Ntel has announced plans for its own LTE network. Lagos and Abuja will be covered first.

Ntel stated that it will be launching a 4G network covering Lagos and Abuja, which will go live this Friday. Ntel plans to widen network coverage as soon as these two cities’ networks are completed.

The new network needs the approval of the Nigerian telecoms regulator, the Nigerian Communications Commission (NCC), however this is not seen as a problem and Ntel expects permission in the next few days.

Fuel Scarcity Cripples NSE's Trading Activities

The lingering scarcity of petrol, which has brought virtually every human activity to a standstill in every part of Lagos, has also affected trading activities at the Nigerian Stock Exchange (NSE), where trading on stocks and bonds has recorded an unprecedented poor attendance since the beginning of the week.

The poor performance of the market on Monday was attributed to the inability of many stockbrokers to be physically present in the market. And as a result, equity transactions on the NSE re-opened for the week on a downturn, causing the market capitalisation to depreciate by N54 billion on Monday.

Buhari ordered merging of sports ministry, NSC – Minister

President Muhammadu Buhari gave the directive for the merger of the National Sports Commission with the Ministry of Youth and Sports Development, the minister in charge, Mr. Solomon Dalung has said. Dalung said this when he received a team from the Bureau of Public Enterprises led by Acting Director General, Dr. Vincent Akpotaire, according to a statement made available to our correspondent by Head of Public Communications at BPE, Mr. Alex Okoh, in Abuja on Wednesday.

The IMF is not Happy with Nigeria

As Nigeria’s economic challenges are rising, the IMF has been increasingly vocal. What is really needed are policies that are in the interest of most Nigerians.

According to the International Monetary Fund (IMF), Nigeria’s external challenges are substantial and deteriorating. Due to the reliance on oil revenues, the general government deficit doubled to 3.3 percent of the GDP in 2015. Meanwhile, exports plunged 40 percent, which caused the current account deficit to climb to 2.4 percent of GDP.

#MissNigeria2015, Pamela Peter-Vigboro Visits Wike

Rivers State Governor, Nyesom Ezenwo Wike has called on Miss Nigeria 2015, Miss Pamela Peter-Vigboro to serve as a worthy Ambassador of the state in the international arena. Speaking when he received the Miss Nigeria 2015 at the Government House, Port Harcourt on Friday, Governor Wike urged her to live as role model to youths in the promotion of peace.

See Pics after the cut....

RRS arrests driver who stole boss’ car to attend Valentine’s Day party in Lagos

One Emmanuel John, a 26-year-old driver, has been apprehended by operatives of the Rapid Response Squad, RRS, Lagos, for allegedly duplicating his boss’ ( Mrs Flora Ighalo) car key and attempting to abscond with it.

John had a week before his plan, duplicated his boss’ Toyota Corolla key without her Knowledge, The Nation gathered.

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Excel Training: Loan Amortization Schedule

Nigeria backs oil freeze accord while giving Iran way out.

 

The biggest oil producer in Africa supports a production freeze, Nigerian Petroleum Minister Emmanuel Kachikwu told reporters in Doha on Sunday, 

Its oil production will be 2.2 million barrels a day this month, unchanged from January, he said.

We Must Admit We Have Mortgaged Our Good Future

The National Leader of All Progressives Congress (APC), Senator Bola Ahmed Tinubu, at the weekend said the present and previous leaders of Nigeria “must admit that we have mortgaged away the good future due to us” as a country

Tinubu, a former governor of Lagos State, however stated that it was not yet over, thereby tasking President Muhammadu Buhari and his team to re-build our country, revitalise our economy and ultimately empower our people.”

I was Sacked By Buhari Because I am Igbo – Onyeka Onwenu

Onyeka Onwenu, who was fired this week as Director General of the National Centre for Women Development has released a statement alleging that the Powers that be kicked her out because she is Igbo… We bring you this exclusive Press Release.

When the call came on Sept 13 2013, to serve the Nigerian people as DG National Center For Women Development, I took it as a call from God and I answered in the affirmative.

ECOWAS court fixes date for judgment in Dasuki’s suit

Forty-five cases from 10 Member States have been scheduled for the first quarter of 2016 by the Community Court of Justice, Economic Community of West African States between February and April 2016, according to the records provided by the Registry Department of the Court.

FirstBank achieves 100 million e-Banking transactions per month

Nigeria’s leading retail and most valuable bank brand, FirstBank has been officially recognized as the first financial institution in the country to achieve a transaction volume of 100 million transactions in a month, by Interswitch Transnational, Africa’s leading integrated payment and transaction processing company.

Change: From political slogan to educational reform

One way of driving this change in the education sector is for the federal and state governments to set up visitation panels to all their tertiary institutions – universities, colleges of education, polytechnics and other allied institutions. The visitation panels will help unearth all the problems that have made it impossible for the institutions to deliver on their sacred mandate in spite of the huge sums of money sunk into them. The sector has hitherto received a mere scratch on the surface instead of a complete and detailed forensic examination of the books.

You must Give Us Biafra or Face A Total Shutdown of Economic Activities – MASSOB

The Movement for the Actualization of the Sovereign State of Biafra, MASSOB, has called on the Federal Government of Nigeria to quickly conduct a referendum in the south-east geopolitical zone or face total shutdown of socio-economic activities in the region and beyond.

The group also threatened to make Nigeria ungovernable if Federal Government failed to grant the Sovereign State of Biafra.

EXODUS| Over 7000 APC Members In Benue State Return To PDP

Over 7,000 aggrieved members of the ruling All Progressives Congress (APC) Thursday defected to the Peoples Democratic Party (PDP) at Otukpa, Ogbadibo Local Government Area of Benue State.

They also dumped their APC membership cards. They were led to the opposition by Mathew Ochigbo a one time chairman of the party in Ogbadibo.

Supreme Court to rule on Saraki’s trial, Friday

The Supreme Court will on Friday determine whether or not to stop the trial of the Senate President, Dr. Bukola Saraki, before the Code of Conduct Tribunal on charges of false assets declaration.

A seven-man bench led by the Chief Justice of Nigeria, Justice Mahmud Mohammed, had on December 4, 2015, fixed Friday for judgment after entertaining arguments on an appeal by Saraki, with the Federal Government urging the apex court ‎to dismiss the Senate President’s case and allow the trial before the CCT to continue.

Armsgate: Olisa Metuh arrives court without prison officials, handcuffs

The National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh has arrived the Federal High Court sitting in Abuja for the continuation of his ongoing trial.

The Economic and Financial Crimes Commission, EFCC, had arraigned Metuh on a seven count charge of money laundering.

The anti-graft agency is accusing him of collecting the sum of N400m from the former National Security Adviser, Col Sambo Dasuki (rtd), money which it alleged was part of the funds meant for the procurement of arms for the military.

Akwa Ibom Gov., Udom Emmanuel, holds out olive branch to political opponents

In a radio broadcast to celebrate Wednesday’s Supreme Court judgment which held that he was validly elected governor of Akwa Ibom state, Udom Emmanuel, has asked the opposition All Progressives Congress in the state to join him in the task of bringing development to the state.

“I hereby call on our brothers and sisters from the other side of the political divide to close ranks and join me, in moving Akwa Ibom state to surpass superior performance and ensure development that is sustainable, impactful and expansive,” Mr. Emmanuel said in the radio broadcast which was aired immediately after the Supreme Court in Abuja delivered the judgment in his favour.

Nigeria: Medical Council Sanctions Seven Practitioners for Misconduct

The Medical and Dental Council of Nigeria (MDCN) says it has sanctioned seven medical practitioners for professional misconduct last year.

Dr Abdulmumini Ibrahim, the Registrar of the council, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.

Activists urge workers to reject Governors owing salaries in 2019 elections

Some human rights activists in Lagos on Tuesday advised workers not to vote for state governors owing arrears of salaries in future elections.

The activists told the News Agency of Nigeria (NAN) that the only way the people could get good governance was to vote in the right leaders.

Travelstart Raises $US40 Million to Extend Market Leadership and Capture Africa’s Dollar Online Travel Market

The South African-based Online Travel Agency (OTA) with offices throughout Africa and subsidiaries in the Middle East and Turkey, today announced a US$40 million funding from Amadeus Capital Partners, the global technology investor. With the new funding comes a strategic partnership with Africa's largest mobile telecommunications provider MTN [JSE: MTN] which has a subscriber base of more than 230 million. The funding will be used for Travelstart’s expansion and to solidify the company’s position as the biggest OTA player on that continent.

South African Airways introduces Abuja as second gateway in Nigeria

On the 27th January 2016, South African Airways (SAA) launched service to Abuja, the airline’s second gateway into Nigeria.

The three weekly non-stop flights between Johannesburg and Abuja will operate with modern Airbus 330-200 aircraft, offering SAA Business class luxury and Economy class comfort, with the latest in-flight entertainment content.

‘There is danger in upholding Appeal Court ruling on Taraba’

A group in Taraba State has called on the Supreme Court to look into the governorship matter before it critically and deliver a “ judgement that will not further polarize the state”.

The Group for Consolidation of Democracy, in a statement lamented that the state has not known peace for a long time and that now is the time to ensure that the peace which has eluded the people is restored.

Re-run Polls: INEC Disqualifies Fresh Candidates

The Independent National Electoral Commission (INEC) yesterday released timetable for Senatorial and House of Representatives rerun elections across the country barring fresh candidates from participating in the contest.

The commission, in a release by the Secretary, Mrs Augusta Ogakwu, fixed February and March for the elections even as it disqualified some candidates from partaking in the exercise. It said only candidates and parties that partook in the March 28, 2015 National Assembly/presidential elections would be eligible for the rerun election.

Ruth Kadiri and a chronicle of her journey

For everyone making it big, there is always that beginning story, that time past that you seem ruffled and then progressively, you begin to iron yourself out, which encompasses your loos, your skills, and how see life generally. Ruth Kadiri has succeed in breaking her path into the hearts of Nollywood lovers and then when we look down the memory lane, we are like “wow”.

Female Lawyer Arrested In Connection With Husband’s Death

The troubles in some marriage these days ehn..! A young lawyer, Yewande Oyediran, was arrested on Tuesday in connection with the death of her husband, Mr. Lowo. The husband resided in France, but had been coming home regularly since he got married to Yewande.

Mr. Lowo’s family are accusing Yewande of stabbing her husband to death. But how come?

A family source, who is a brother to the deceased, said the husband was into property development and had come home in December 2015, to execute a job in Nigeria.

WHO Declares Zika Global Emergency

The World Health Organisation (WHO) has described cases of microcephaly (abnormal smallness of the head) and neurological disorders linked to Zika virus in Brazil as an "extraordinary event" and a public health threat to other parts of the world.

Director-General of WHO Dr Margaret Chan declared: "the recent cluster of microcephaly cases and other neurological disorders reported in Brazil, following a similar cluster in French Polynesia in 2014, constitutes a Public Health Emergency of International Concern".

INEC Fixes March 19 for Rivers Re-run Elections

The Independent National Electoral Commission (INEC) has fixed March 19 for rerun elections in Rivers State.

This came on the heels of a declaration by Governor Nyesom Wike that January 27 every year would become an annual public holiday following the Supreme Court judgment on that date which validated his election.

INEC’s decision on the date of the rerun elections was conveyed to journalists in Port Harcourt yesterday through a terse text message from the Public Relations Officer of the commission in Rivers State, Anthonia Nwobi.

Country Seeks Big Loans From World Bank, Other Lenders

Nigeria is seeking loans from the World Bank, the African Development Bank (AfDB) and other lenders to help cover this year's massive budget deficit, the government and bank officials said.

The deficit is projected at 2.2 trillion naira ($11 billion, 10 billion euros) out of a total budget of 6.08 trillion naira, they said late Monday, confirming projections first given in President Muhammadu Buhari's December budget announcement.

Best Era of Development in Petroleum Sector Under Obasanjo - Buhari

President Muhammadu Buhari has lamented the lack of infrastructural investment in the petroleum sector since the 1970s.

He said the best development in the industry happened under the then General Olusegun Obasajo administration under which he served as commissioner for petroleum.

The president who was in Ogun State for a two day visit recalled that the then military government built all the refineries in the country and the country was even exporting exporting refined petroleum.

New commander of UN mission in DR Congo takes office

The new commander of the UN Mission for Stabilisation of Congo (MONUSCO), Gen. Derrick Mgwebi, on Tuesday, officially took over his office at the mission’s headquarters in Kinshasa, Democratic Republic of Congo (DR Congo).

MONUSCO’s Spokesman, Felix Bass, said the 59-year-old South African officer replaces Brazilian Carlos Dos- Santos-Cruz, who ended his mission towards the end of last year after serving for two years.

Prepare your will if you are coming to rig election in Rivers State – Wike warns

The Rivers State Government has approved January 27 of every year as a public holiday to mark the survival of the state from the forces of political conspiracy who attempted to subvert the mandate of the people.

The Supreme Court delivered her judgment validating Governor Wike’s election on January 27, 2015.

Also on Tuesday, Rivers State Governor, Nyesom Ezenwo Wike reiterated his warning to those planning to rig the rerun elections in Rivers state, noting that they will be treated as armed robbers by the people.

Actress starts new project for mothers

Nollywood actress Toyin Aimakhu, 31, has announced that she is embarking on a project to appreciate mothers.

The movie star has started a programme to celebrate mothers who gave their all to their kids. Toyin Aimakhu made this known on her Instagram page today (January 28).