Nigeria Loses N6.33tr to Naira Devaluation by Chijioke Nelson.

• Real debt stock hits N19tr

Nigeria will spend an equivalent of its 2016 budget to service debts as its currency, the naira, continues to lose value against the United States dollar.

Devaluation has put the real value of the country’s debt stock at around N18.9 trillion, when considered at the official rate of N307.79 per dollar, according to figures from the Debt Management Office.

The additional naira stock (per dollar) that would be needed to service existing debt will cause the country to lose about N6.33 trillion, a near-equivalent of the 2016 budget, when compared to N12.6 trillion at N197 per dollar as at December 31, 2015. It is also a disincentive for future external borrowing despite a positive debt-to-GDP ratio.

Jonathan, Shonekan, Abudulsami attend Council of States meeting On September

 Former President Goodluck Jonathan on Wednesday made a surprise appearance at the second meeting of the Council of States presided by president Muhammadu Buhari. This is the first time he would be attending the

Tinubu: What a man, what a leader! by Soji Omotunde

IN these convoluted times, there have been challenges of leadership for good governance in Nigeria. For a while, it has been chaotic quantifying and articulating the real value of desirable and pleasing leadership. Many of the theoretical enlightened would hardly consider that being a leader is a choice – and that in a nation of democracy, it is the people that can decide how to make the preferred leadership manifest.

Many believe since they

Zuckerberg Holds Closed Door Meeting With Buhari

The founder and Chief Executive Officer of Facebook, Mark Zuckerberg has held a closed-door meeting with the Nigerian President, Muhammadu Buhari.

Mr. Zuckerberg was seen going into the Presidential Villa at about 12 noon and left before 1.00 pm. details of the meeting were

PenCom recovers N9.38bn contributed pensions from companies - NIKE POPOOLA

Director General (DG), PenCom, Mrs. Chinelo Anohu-Amazu

The National Pension Commission has recovered N9.38bn from various employers of labour across the country that failed to remit pensions deducted from their workers’ salaries under the Compulsory Pension Scheme to the employees’ respective Retirement Savings Accounts.

The contributions of about 127,555 workers to the pension funds as of March this year are still outstanding, according to the latest report obtained by our correspondent.

The report also showed that the defaulting firms were made to pay fines amounting to N348.81m.

Mistakes to avoid when choosing a pension account - Nike Popoola

While you are still in paid employment, you may not worry about the bank for your pension account. The pension administrator will take care of that.

This is because your employer will credit your pension savings account through the Pension Fund Administrator when your salary is due.

At retirement, you may either decide to use your old bank that you are familiar with or simply open a new account in another bank for the payment of your pensions.

As you will have to be relating with this new bank, it would be adisable to find out about the bank that is most appropriate for you.

The main reason behind the suffering of Nigeria – Buhari by Okoye philip

Written by Okoye philip

President Muhammadu Buhari on Monday said that Nigeria is paying dearly for incompetence in managing high revenue that accrued from oil, particularly over the past decade, and for allowing the decay of critical infrastructure.

He spoke while receiving the Chief Global CEO of Unilever, Mr Paul Polman, at the Presidential Villa, Abuja.

The President, in a statement by

Buhari’s first year: Five ways Nigeria has changed - BBC

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• From the sectio

Image copyrightAFP

Image captionMuhammadu Buhari is the first Nigerian opposition candidate to be elected president

President Muhammadu Buhari came to power promising Nigerians "change". Novelist and writer Adaobi Tricia Nwaubani gives five examples of what has changed in Nigeria since 29 May 2015 when he was sworn in.

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1. Are we safer?

Those of us who travel regularly in Nigeria's north-east had become used to what should be a 15-minute journey turning into an hour-long ordeal.

You had to stop dozens of times at roadblocks and disembark, while heavily armed soldiers inspected your vehicle for traces of the Islamist militant group, Boko Haram.

Today, the number of checkpoints has fallen significantly - even on the road to Chibok - thanks to enhanced confidence in the security of the entire region.

The army has regained swathes of territory that the Islamist militants had occupied as part of their so-called caliphate.

Image copyrightAFP

Image captionPresident Buhari fought the 2015 election on a pledge to boost security

Boko Haram has been

EFCC quizzes ex-Benue officials for alleged N107bn fraud - Attah Ede, Makurdi

The Benue State Commissioner of Police, Mr. Bashkir Makama, on Thursday said that nine persons out of the 52 indicted by the Justice Elizabeth Kpojime Commission of Inquiry had been arrested.

He said the Economic and Financial Crimes Commission in conjunction with the police arrested and detained them at the State Police Headquarters, Makurdi, before taking them to the Force Headquarters in Abuja for further investigation and subsequent prosecution.

What Is Dalung Doing For Buhari? by Azubuike Ishiekwene

I

I feel sorry for the manager of the U-23 national football team, Samson Siasia. The same demons that hunted down Stephen Keshi and Ahmadu Shuaibu are coming for him. And they are determined to get him.But he’s a small fry – their real target is the soul of Nigeria.

We know the Keshi-Shuaibu story too well – two casualties of the system, who died within a week of each other after emptying themselves for their country.

Keshi played for Nigeria and became one of the most outstanding defenders of his generation. He later became coach and, against all odds, the first Nigerian coach to

Man exchanges two siblings for bags of rice By Evelyn Usman

 An unidentified middle-aged man, Wednesday, abducted two siblings, who were returning from extra-moral class in Satellite area of Lagos. Thereafter, he exchanged them for two bags of rice in a shop at 63, Marwa Road, near Chemist Bus Stop. 
The children are aged eight and 13. It was gathered that at the shop, the abductor told the sales girl that he would like to take two bags of rice to the mother of the children, whom he claimed owned a restaurant close-by, to ascertain whether the rice was the brand she needed. Speaking with Vanguard last night, owner of the shop, Mrs Silverline, explained that “he (the abductor) told my sales girl that the mother of the children needed Indian rice, but my sales girl told him that what we had was Brazilian rice and that it was good. 

2nd Niger Bridge: How Jonathan suckered Ndigbo By Steve Osuj

Fisrt Published on March 21, 2014

Jonathan

A native saying in Igboland interprets to the effect that if you make yourself a house rat, the pussy cat will have you for meat. There is no doubt that the current crop of Igbo leaders has morphed into ignoble rats and President Goodluck Jonathan has been playing cat with them. We all remember how the Ohaneze under the leadership of Chief Ralph Uwechue (recently demised and may his soul find repose) personally signed those obnoxious adverts endorsing Jonathan on behalf of Ndigbo. It was unprecedented in the history of Ohaneze or any other major socio-political group for that matter to

Change not achieved on bed of roses — Buhari

AS economic hardship in Nigeria bites harder, President Muhammadu Buhari, yesterday, reminded Nigerians that he was committed to his change agenda, but that such economic change cannot be achieved on a bed of roses. President Buhari with R-L Borno State Governor H.E. Kashim Shettima, Lagos State Governor H.E. Akinwunmi Ambode, Osun State Governor H.E. Rauf Aregbesola, First Lady of Osun State Mrs Sherifat Aregbesola.

Pry, Sec schools Resumption date changes by nigerian politics online

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The Federal Capital Territory Minister, Muhammad Bello has announced the changes in resumption dates for all primary and secondary schools in the territory.

Bello made the disclosure in a statement made on Wednesday; the statement was signed by Anthony Ogunleye, an assistant director and head of information (Education Secretariat).

In the statement, He said that the change in the resumption dates is necessitated by the Eid el Kabir celebrations coming up in September adding that all primary and secondary schools across the territory have been advised to comply.

According to the statement, the Minister has approved the review of the 2016/2017 academic calendar for all primary and secondary schools in the territory.

The review affects all public and private schools in the FCT. It said that First Term would begin on Sunday, September 18, 2016 (for boarding schools) and Monday, September 19, 2016, (for day schools) and end on Friday, December 17, 2016.

Similarly, Second Term would start on Sunday, January 9, 2017, and terminate on Friday, March 31, 2017, while Third Term begins on Sunday, April 23, 2017 and ends on Friday, July 21, 2017.

The statement is directed all schools to take note of the review and comply accordingly.

According to reports that FCT schools were  scheduled to resume on Sept. 4, 2016, for boarding schools and Monday, Sept. 5, 2016, for day schools.

According to the statement, the Eid el Kabir celebrations coming up in the second week of September necessitated the review of the First Term resumption date.

Meanwhile, All Progressive Congress (APC) Chairman in Benue state, Comrade Abba Yaro has assured pupils that the administration of President Muhammadu Buhari will restore the glory of primary education in the county.

He made this statement while addressing pupils of St Theresa’s Primary School, Makurdi, when they visited him, he said the APC manifesto placed priority on laying a solid foundation for educational development of the youth.

He said during the 16 years of Peoples democratic Party (PDP) rule primary school education was neglected, thereby giving advantage to private school owners to exploit parents by increasing schools fees yearly.

Ref.http://nigeriapoliticsonline.com/pry-sec-schools-resumption-date-changes/

FG Releases 2016/2017 Admission List into Unity Schools By Paul Obi in Abuja

Adamu Adamu

The federal government on Tuesday in Abuja released the admission list for the 2016 and 2017 academic session into Unity Schools.

The release came amid denials by the federal government of increment in the school fees.

Vacancy in Queen's Palace (Who is next) by Raisa Bruner

Here’s How You Can Live in Buckingham Palace and Work for the Queen

Live like royalty — literally

mes Available in Golden Beach

If you’ve ever dreamed of living like a queen, now’s your chance to make at least one part of that fairy tale come true: the Royal Household of England has a job opening for a housekeeping assistant. (Spoiler alert: this fairy tale includes some elements of Cinderella.)