August 31, 2016

Buhari's Government constructs Ogoja to Abuochichie Road

Rehabilitation work on the Ogoja (Mbok Junction) to Abuochichie road in Cross River state by the Muhammadu Buhari administration has gone ahead as planned. More photos below...

Innoson Motors stops production, sack of workers imminent over Dollars scarcity

At a factory in southeast Nigeria, dozens of new white buses stand at the end of the production line, apparently ready to take on some of Africa’s toughest roads.

Unfortunately for Nigeria’s main domestic vehicle assembly firm, they are going nowhere for now.

In an economy starved of dollars because of the slump in oil prices, Innoson Vehicle Manufacturing (IVM) cannot buy imported components, leaving the buses without engines – a metaphor for the problems afflicting Africa’s most populous nation - Nigeria.

Presidency reacts to NBS report, insists Economy doing fine

The Presidency has declared that the Nigerian economy is performing better than the predictions of the International Monetary Fund, IMF. It, however, admitted that the inflation and unemployment rates in the country had remained high despite efforts by the current government.

The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.

Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better.

Dr Mike Murdock ministers in Aladura [white garment] Church

Christianity is one; the Oyibo people who brought religion to us are showing it. See more photos...

FOR REAL? As Much As 4.5million Nigerians Became Jobless In Buhari's Administation

...and these statistics are from a government agency
The Nigerian Bureau of Statistics (NBS) says the total number of Nigerians who became unemployed within the first and second quarter of 2016 now stands at 2.6million.

According to the bureau, about 1.46million Nigerians became unemployed in the third quarter of 2015, while another 518,102 became unemployed in the fourth quarter of 2015.

This brings the total unemployed persons in the economy since May 2015 that President Buhari took over government to a record high of 4,580,602 (4.58million).

Mark Zuckerberg Jogging on Lekki-Ikoyi Bridge in Lagos

Billionaire Facebook founder, Mark Zuckerberg, is on a working visit in Nigeria. He takes his fitness serious, hence he was pictured jogging along Lekki-Ikoyi link bridge this morning. After the run, he took out time to take some selfies with his excited fans...

Buhari presides over Federal Executive Council meeting today

The Federal Executive Council meeting took place today at the FEC chambers, president over by Mr President, Muhammadu Buhari. They are trying to salvage the economy. More photos...

UPDATE | Aero suspends operation due to economic situation

These are not good times for Nigeria as a nation, OluFamous.Com observed. Where did we get it wrong? Our economy is officially in recession, companies are sacking or shutting down. Sigh!

Aero Contractors Airlines, Nigeria's second largest commercial carrier has announced the suspension of its scheduled services beginning from tomorrow Thursday September 1, 2016.
Aero said this “business decision”, which is a result of the current economic situation in the country, had forced some other airlines to suspend operations or pull out of Nigeria.

Photos: Hadiza Bala Usman & NPA Directors tour Apapa Ports

Nigeria Port Authority boss, Hadiza Bala Usman and other newly appointed directors today continue with the tour of Apapa Ports in Lagos. Check out more photos...

FCMB Supports 2016 Ojude Oba Festival to Boost Tourism, Felicitates with Ijebuland

First City Monument Bank (FCMB) Limited has explained that its continuous support of the Ojude Oba Festival is borne out of its commitment to celebrate and preserve Nigeria’s cultural heritage, while also boosting the tourism sector in line with the government’s ongoing drive to diversify the country’s economy.

Consequently, the Bank has assured that its participation in this year’s edition of the Festival, which holds in Ijebu-Ode, Ogun state, on Wednesday, September 14, will be grand, exciting and rewarding for the thousands of people within and outside the country that would grace the fiesta. FCMB has in the past 10 years continued to play a significant role in ensuring the success of the Festival.

Abuja social media star AlexReports turns 33 today; goes sober after accident (Photos)

Abuja popular social media reporter Alex Nwankwo commonly known as AlexReports is 33 years old today, he was born in Kano State on 31st August, 1983. ‎ The finishwork master who acquired two flats of three bedroom each apartment in Abuja few days ago is an indigene of Anambra state.

The award winning online correspondent who survived a near-fatal accident few months ago that left him with a neck collar also recently staged Most Beautiful Model in Nigeria contest ‎in Abuja where the winner was gifted a complementary plot of land at the Numatville Megacity city in Abuja along side other top celebrities.

HARDSHIP | Nigerian Economy Finally Slips Into Recession – BBC Reports

Nigeria has slipped into recession, with the latest growth figures showing the economy contracted by 2.06% between April and June.

Nigeria has now seen two consecutive quarters of declining growth, the usual definition of recession.
Its vital oil industry has been hit by weaker global prices, according to Nigerian Bureau of Statistics (NBS). Crude oil sales account for 70% of government income.

The price of oil has fallen from highs of about $112 a barrel in 2014 to below $50 at the moment.

Outside the oil industry, the figures show the fall in Nigerian currency, naira, has hurt the economy.

Soludo backs Buhari’s "Emergency Bill", Proposes N19trillion ‘Anti-Recession’ Blueprint

Charles Soludo, former CBN has expressed support for President Muhammadu Buhari’s emergency economic bill aimed at reviving the economy.

In a mini-blueprint for the All Progressives Congress (APC), Soludo also proposed a public spending of 15 percent to 20 percent (N14trillion to N19trillion) of the nation’s gross domestic product (GDP) to steer Nigeria out of recession to the next level.

He said the document is not a “blueprint” in itself but “only broad pillars”, which could be worked upon by a dedicated team to save the economy.

NIGERIA ALMOST A FAILED STATE

Joselyn Dumas celebrates her birthday with a lovely photo

She looks flawless...happy birthday!

Nigeria moving away from Corruption to Production – Amaechi

The Minister of Transportation, Chibuike Rotimi Amaechi, yesterday, said the Federal Government has concluded plans to award contract for the construction of the Lagos-Ibadan railway project.

Amaechi made this disclosure at the 1-year memorial lecture in honour of former General Secretary of Alliance for Credible Election, ACE-Nigeria, late Comrade Emma Ezeazu, in Abuja. 

The former Rivers State governor explained that, “The President’s agenda is not just to recover loots. We are recovering as much as we can. But the president is determined to create employment. 

Father arrested after his son he stood surety for escaped

An Igbosere Magistrates’ Court in Lagos will on September 14, decide the fate of a father, Rasaki Ademola Adeniran, who stood as surety for his son on N1,200,000 bail but failed to produce him for police investigation.

76yrs old Rasaki was arraigned on Tuesday by the Zone 2 Police Division, Onikan, Lagos, before the magistrate, S. K. Matepo.

He pleaded guilty to a 2-count charge of conspiracy and perversion of justice and Magistrate Matepo granted him bail with two sureties and adjourned for allocutus and sentencing.

AT LAST | Boko Haram is ready for peace, to release the girls

Hajiya Aisha Wakil, believed to be close to the Boko Haram leadership, has revealed that the group is now ready for talks with the Federal Government on the fate of the missing Chibok girls.

She said that she had been on the neck of the Boko Haram leaders, who according to her offered to honour her to dialogue with the government and release the girls and other captives.

Hajiya Aisha, who spoke with The Nation on the phone, said she expected the Boko Haram leaders to come out and discuss with the government now. Her words:

Funke Akindele and Her New Husband JJC Spotted Together

Few days after their "private" wedding, Funke and JJC were pictured as a couple at Mc Abbey's iLaff comedy show in London over the weekend. Another photo below:

Actress Uche Ogbodo Looks Stunning In New Photo

The Nollywood actress is becoming more relaxed these days. Beautiful!

Security Guard Arrested for Molesting Employer’s Daughter

The Lagos Police Command has arrested a 24-year-old security guard, Ossai Sylvester, for allegedly s*xually assaulting a 10-year-old girl in the Victoria Island area of the state.

Sylvester, who was employed to guard a private apartment on Teslim Elias Close, was arrested on Monday by the Victoria Island Police Division for allegedly sucking the bre*st of the victim, who is also his employer’s daughter.

A police source said that the suspect also inserted his finger into the private parts of the 10-year-old, before the employer caught him.

What Kind of Outfit is Kim Kardashian Wearing?

The mother of two was spotted with her husband, in this sheer bustier outfit, flaunting her nipples...

Ebube Nwagbo Looks Stunning In New Photos

Beautiful actress Ebube Nwagbo stepped out in a figure-hugging outfit for an event. More photos...

Chris Brown Has Been Released On Bail After His Arrest

Following a dramatic arrest after a tense 11hrs stand-off with police, Chris Brown has been released on £250,000 bail, according to police.

Policemen who killed 17yrs old boy in Bayelsa detained

About four policemen have been arrested and detained for alleged extra-judicial killing of 17-year-old boy, Innocent Kokorifa.

The victim, first out of five children of Mr. Daniel Kokorifa, an official of the Federal Road Safety Corps, was shot dead in a mysterious circumstance by the police Anti-Vice/Anti-Kidnapping team along Airforce Road in Yenagoa, on August 18, 2016.

Innocent was reportedly running an errand for his mother, Pere, when he was allegedly killed by the police about 11am on the fateful day.

RMD Looking Super Cute In New Photo

It's not easy for a man to look this stylish and fit in his 50s. Keep it up, RMD!

Notorious Robbers Spend 6 Hours Robbing Husband & Wife

The Anti-Robbery Squad of the State Criminal Investigation and Intelligence Department, Yaba, has arrested a 4-man gang that had allegedly been terrorising residents of Ikorodu area of Lagos.

The suspects – Akin Ayotunde, Isaac Ogbonna, Sola Dede and Sodiq Lawal – specialised in lurking around houses at night and switching off their victims’ generators before attacking them.

Cement Price Rises, Now Sells For Over N2,000

The price of cement rose to between N2,200 and N2,300 in Lagos and other parts of the country.

Before the hike, a bag of cement costs about N1,600 marking over 35 percent rise in the cost of the raw material used in the building and construction industry.

Reacting to the development, 2nd Vice President Vice President, Nigeria Institute of Building (NIOB), Mr. Kunle Awobodu said the increase may have been as a result of cost of production and the devaluation of the naira.

JUST IMAGINE | 3 Friends Slept With A Teenge Girl In Lagos Till She Got Pregnant

The Lagos Police Command has arrested a 60yrs old man and two others alleged to have repeatedly gang-r*ped a 13-year-old primary six pupil until she became pregnant, in Majidun area of Lagos.

There is, however, a twist to the saga as the girl's mother has raised the alarm over threat to her life by the suspects: Baba Ijebu, 60, Kingsley and Henry, for reporting the matter to the police.

Reactions over law signed by Fayose against grazing in Ekitti

The pan-Yoruba socio-cultural organisation Afenifere; Igbo socio-political groups Ohanaeze Ndigbo and MASSOB, have expressed support for the bill assented to by the Ekiti State Governor, Ayodele Fayose, which categorises grazing with arms in the state as terrorism.

But the umbrella body for northern groups, the Arewa Consultative Forum, however, said any law which contravened the constitution of the country would be illegal, adding that any Nigerian was free to move in any part of the country.

ASUU Threatens To Embark On Nationwide Strike

The Academic Staff Union of Universities (ASUU) has threatened to embark on a nationwide strike to press home demands for the implementation of its 2009 agreement with Federal Government.

The ASUU Lagos Zone Coordinator, Prof. Olusoji Sowande, said this at a news conference in Lagos. He said that the union was planning to toe this part after several efforts to ensure that the government address the pending demands, proved abortive. It's all about money, but times are hard.