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Showing posts from November 3, 2019

Breaking: Balogun Market on Fire

The popular Balogun market on Lagos Island was gutted by fire this morning 5th Novenber,2019. More details later.....


By Chigozie Igbo Jr The  Annual Lecture for the remembrance of Chukwuemeka Ojukwu held yesterday was an intellectually filled one as, Professor Kingsley Chiedu Moghalu, PhD, OON, FCIB, LLD Former Deputy Governor, Central Bank of Nigeria Governor, Convener, To Build a Nation (TBAN), made startling revelations on the prospects of Ndigbo in the Nigerian state and economy. In his emotion laden lecture he went down memory lane to eulogize, the Late General (Dim) Emeka Odumegwu Ojukwu,(Ikemba Nnewi) who he described as a great man, as well as the son of a great man by all standards. He said that the need to celebrate a legend can't be over emphasized because of the legacy he left in the sands of time " we celebrate a legend, a visionary African of courage who took an indelible place in history with his leadership of Eastern Nigeria as a military governor at a time of grave national crisis, and in the shortlived Republic of Biafra" Prof Moghalu, went on to state that

Buhari signs ‘$1.4 billion’ PSC bill into law

President Muhammadu Buhari has signed the bill seeking to amend the deep offshore and inland basin production sharing contract (DOIBPSC) act into law. A bill that was sponsored and advocated for by Senator Dr Ifeanyi Ubah, the Senator Representing Anambra South Senatorial Zone, who is also a major player in the oil and gas industry in Nigeria. The bill seeks to amend the act by reviewing the sharing formula to accrue more benefits to the federal government. Nigeria is projected to earn an additional income of $1.4 billion annually from international oil companies operating in the country if the bill seeking to amend a particular section of the act is passed into law. Buhari signed the much anticipated law from his residence in the UK where he is on a private visit. Writing via his Twitter handle, he described the new law as “a landmark moment for Nigeria”. Although Nigeria signed the first set of PSCs in 1993, while the DOIBPSC was enacted in 1999, failure to review the PS

Former National President, Others Suspended

The National Executive Council (NEC) of the Nigeria Union of Journalists (NUJ) has suspended the immediate past National President of the Union Waheed Odusile and National Vice president of zone C South East Comrade Petrus Obi. Others suspended along side are NAWOJ National Vice President Zone C South East Comrade Chibota Edozie and Ngozi Agbo of Enugu state Council over alleged anti-union activities. The decision was taken at the quarterly National Executive Council Meeting of the Union which was presided over by the National President of the Union Chief Chris Isiguzo with the State Council Chairmen and Secretaries including Imo State Council Chairman Chief Christopher Akaraonye and Secretary Comrade Juliet Dim as well as Zonal and National Executive Members including South East National Trustee Sir Innocent Igwe in attendance. It was also gathered that the decision of the Union to the suspension of the affected members also followed the flouting of the Union's constitut