Monthly Archives: May 2019

UN Ranks Nigeria’s Life Expectancy World’s Third Lowest

The United Nations has ranked Nigeria as a country with the world’s third lowest life expectancy rate of 55 years. According to a report by the United Nations Population Fund, the life expectancy of an average Nigerian in 2019 was only better than those of people in Sierra Leone, Chad and the Central African Republic. The three countries had 53, ...

Read More »

Banditry: FG Orders Northern Monarchs To Begin Community Policing

The Federal Government has directed traditional rulers in the North to start community policing and establish local security councils in their domains to tackle banditry and other security crises in the region. The Minister of Defence, Mansur Dan-Ali, who met with the expanded executive council of the northern traditional rulers at the Arewa House in Kaduna State on Tuesday, noted ...

Read More »

NASS Passes N8.916tn Budget, Earmarks N23.7bn For Lawmakers’ Gratuities, Allowances

The National Assembly on Tuesday passed the 2019 Appropriation Bill, raising the size by about N17bn from the N8.83tn proposed by the Executive to N8.916tn, with N23.7bn earmarked for lawmakers’ severance gratuities and allowances. The key components of the budget, as passed by the parliament, include N502,058,892,965 for statutory transfers, against the N492.36bn proposed; N2,254,014,113,092 for debt service, against the ...

Read More »

Investors Lose N713bn In April As Stock Market Tumbles

Investors in the nation’s stock market lost N713bn in April as the stock market declined further, recording a N135bn loss on Tuesday. The stock market opened the month with a market capitalisation of N11.672tn and an All Share Index of 31,041.42 basis points and closed with a market capitalisation of N10.959tn and ASI of 29,159.74bps on the last trading day ...

Read More »

Prepare For Revolution, Archbishop Tells Nigerians

The Archbishop of Enugu Ecclesiastical Province, Church of Nigeria (Anglican Communion), Rev Emmanuel Chukwuma, on Tuesday called on Nigerians to prepare for a revolution. Chukwuma, who has constantly criticised President Muhammadu Buhari’s management style, spoke in an interview with our correspondent in Enugu. According to him, the poverty rate is high in the country because of bad leadership. He said the N30,000 ...

Read More »

May Day: Clear Your Debts, Obi Tasks Those Owing Workers

As the world celebrates this year’s May Day, Vice Presidential Candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has commended Nigerian workers for their commitment, saying that it is their labour that keeps Nigeria going. Speaking to airport correspondents on Tuesday at the Domestic wing of the Murtala Muhammed International Airport, Lagos, Obi called on those owing workers ...

Read More »