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Friday, 16 September 2016

Statistician General of the Federation says inflation rose from 17.1% to 17.6% in August

The Statistician General of Nigeria and CEO of the National Bureau of Statistics, Dr Yemi Kale, has released the August 2016 CPI/inflation, PMS, Diesel and Kerosene price watch reports. According to the report, in the month of August, headline Inflation rose by 17.6% yr on yr from 17.1% in July. Read more below

Thursday, 15 September 2016

'I Feel Your Pains and I'm Working Towards Alleviating Hardship in Nigeria' - Buhari

An official of the Presidency who pleaded not to be mentioned had in a chat with Vanguard also disclosed that the Presidency will not dabble into the affairs of the Senate over its decision to question the Finance Minister, Mrs Kemi Adeosun and the Minister of Budget and National Planning, Senator Udoma Udo Udoma, on the state of the nation’s economy.

The Senate President, Bukola Saraki, had last week said the Senate upon resumption, will summon managers of the nation’s economy to explain reason why the nation is in recession.
In reaction to Bukola Saraki’s comment, the official said,

“We are not going to engage the Senate on this matter with the ministers involved in the management of the economy because we have a binding pact with the Nigerian people to end corruption and make life better for them.

“The truth of the matter is that President Muhammadu Buhari deeply feels the pains that Nigerians are passing through as a result of the pains inflicted on them through unmitigated corruption and wastefulness of the past and he is working assiduously with his cabinet to alleviate the suffering of Nigerians.

“This is not the time for unnecessary rhetoric to please the audience but a time to do serious work to change the landscape and put food on the table for Nigerians.”

BBOG Group stage protest at Nigeria House in US, call on President Buhari to release Chibok girls (See photos)

Members of the 'Bring Back Our Girls' (BBOG) initiative, residing in the US yesterday engaged themselves in a protest, calling on the Nigeria President Buhari to use his office to ensure the safe return of the Girls.

The spokesperson at the Nigeria house Bolaji Akinremi received a letter from the group which was addressed to President Buhari, calling for him to act immediately to ensure the safe release of the missing school girls.

See more photos below:

4 Companies linked to Patience Jonathan’s $15 million Allegedly plead guilty

There are four companies involved in the money laundering case linked to former First Lady, Patience Jonathan, and they have pleaded guilty before a federal court in Lagos.

Pluto Property and Investment Company Limited; Seagate Property Development and Investment Company Limited; Trans Ocean Property and Investment Company Limited; and Avalon Global Property Development Company Limited pleaded guilty to a 15-count charge before Justice Babs Kuewumi.

The trial involved Waripamo Dudafa, who served as Special Adviser on Domestic Affairs to former President Goodluck Jonathan; former presidential aide, Amajuoyi Azubike Briggs; and former Skye Bank official, Damola Bolodeoku. The three pleaded not guilty before the judge.

Kylie Jenner stuns in new sexy swimsuit photo

Today's DO IT YOURSELF Section

Today's DO IT YOURSELF Section

Few days ago, Nigeria, from the stable African plate, experienced earth tremor in Kaduna. A lecturer from Kaduna Polytechnic, Kaduna, attributed it to Elastic Rebound Theory. The question now is, how long does it take for the continental plates to move apart from each other?

If the moon is the satellite of the earth, what is the satellite of planet Sedna?

* Am waiting... *

Unity bank lays off 215 workers

215 employees of Unity Bank Plc, yesterday, were laid off due to their inability to cope with the new ideas and strategy of the company. A reliable source close to the bank disclosed that about 200 new hires were said to have been recruited by the bank to promote the transformation initiative that was initiated by the management within the past year.

The source also told Vanguard that about 100 other staff members were said to have been promoted recently.
The source also said:

"Some members of staff numbering about 215 have been allowed to go in an exercise that will enable the Bank realign its operation to pursue its long term growth strategy. However the affected staff were said to have exercised the option to resign while Management has approved severance package in line with the bank’s policy".

Vanguard