Author: Chronicle Editor

The Lagos State Commissioner for Health, Dr Jide Idris, on Monday disclosed that two suspected cases of Monkey Pox were being investigated in the state. Idris, who made the disclosure at a news conference in Lagos, said, ”though no confirmed case has been recorded. The News Agency of Nigeria (NAN) reports that the suspected cases of monkey pox outbreak was first recorded on Sept. 22 in Bayelsa. According to Idris, the two suspected cases were recorded in a private hospital in Lagos (not disclosed). One of the suspected cases, who just came from Bayelsa, claimed to have ate bush meat.…

The Nigerian stocks climbed 1.3 per cent on Monday to hit a six-week high after its biggest listed firm Dangote Cement and some consumer goods companies gained. The main share index rose for the fourth straight day on Monday to near 37,000 points, a level it last reach in August. READ: Nigeria’s economy is working under Buhari – Osinbajo Foreign investors and pension funds have been buying shares since September ahead of third quarter earning season due to start this month, traders said, driving the index higher. Dangote Cement, which withdrew its bid for South African cement rival PPC on…

Former Chief of Army Staff during President Olusegun Obasanjo regime, Lt General Victor Malu (rtd), is dead. According to a family member Bem Adoor in Makurdi, Malu was said to have died early Monday in a Cairo hospital. He was said to have travelled to Cairo two weeks ago for medical check up where he died on Monday. Malu had been battling with ailment relating to stroke over the years. Read Also Nigeria’s economy is working under Buhari – Osinbajo He was a Commander of ECOMOG Peacekeeping Force in Sierra Leone and Liberia from August 1996 to January 1998. He…

…Says the GDP has turned around at Financial Times Africa Summit in London …Tells global audience, Nigeria is an investor’s delight Nigeria vice president Yemi Osinbajo, SAN has stated that the Buhari presidency is making specific efforts to enable the private sector to thrive. He said the administration is undertaking extensive ‘ease of doing business’ reforms, in addition to on-going investment in infrastructure. Prof Osinbajo stated this today at the Financial Times Africa Summit holding at the Claridge’s Mayfair Hotel in London noting that the government of President Muhammadu Buhari in the past months has been working assiduously to improve…

The National Pension Commission (PenCom) has dragged Center Point Network Limited to court over non-compliance with contributory pension funds for its workers. The suit was brought before Justice Edith Agbakoba of the National Industrial Court, Abuja, on Monday. PenCom’s lawyer, Mr Elendu Awa, held that the company had defaulted in complying with the commission’s rules and government laws to set aside contributory pension funds for its workers. READ: NNPC replies Kachikwu, says his statements are baseless Counsel to the defendant, who was absent in court, had however, sent an application to the court, explaining his absence and asking for an…

Domestic airlines in Nigeria lifted a total of 3,287,310 passengers in the first six months of this year. The figure, however, represents a 21 per cent decrease, compared to the 4,193,862 passengers airlifted within the period last year. According to the Consumer Protection Directorate of the Nigerian Civil Aviation Authority ( NCAA ), the decrease is due to the current economic hardships in the country, which is affecting air travels adversely. Records obtained from the NCAA show that only 45 airplanes are currently in active service out of the 74 planes in the fleet of the eight domestic airlines servicing…

Nigerian National Petroleum Corporation (NNPC) has stated that allegations by the oil minister that the conduct of its group managing director lacked transparency were baseless. The state oil company that has been dogged by allegations of mismanagement for decades wrote a statement on its website on Monday. The OPEC member country, Africa’s biggest economy, relies on oil for around two thirds of government revenue. READ: I’m not running for 2019 Presidency – Osinbajo Emmanuel Ibe Kachikwu, in a letter to the president dated August 30 and confirmed by the oil ministry, said Maikanti Baru had bypassed the board on key…

Nigeria’s Vice President Yemi Osinbajo has said on Monday he had not given any thought to contesting the country’s next presidential election in 2019. Osinbajo, who has served as acting president for much of this year, has said contesting “is not on the cards”. Nigeria has faced heightened uncertainty over whether President Muhammadu Buhari plans to contest the next election. Buhari, 74, took power in 2015 but has been absent for much of this year due to illness. READ: Tinubu outlines 7-point agenda to improve Nigeria’s economy Osinbajo, a 60-year-old law professor, served as acting president during Buhari’s absences, succeeding…

The Federal Polytechnic, Ado Ekiti was on Sunday shut indefinitely following violent protest by students over the death of two of them. The News Agency of Nigeria (NAN), reports that trouble began on the institution’s campus late Friday, when two of the students reportedly complained of malaria. They were said to have been rushed to the Polytechnic Health Centre for treatment, but their condition later became worse. They died in the early hours of Saturday. The Registrar of the institution, Mrs. Sade Adediran announced the immediate and indefinite closure of the school. Adediran did not however confirm whether any student…

The national Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petro-dollars. Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the promotion of government-backed housing programmes were important measures that could help to reposition the national economy. The proposals are contained in a recent lecture the APC leader delivered in Lagos, where he said the decline in oil prices had revealed the travesty of the country’s extant economic model.…