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JUST IN: 27 Rivers Assembly members loyal to Wike dump PDP for APC

Twenty seven members of the Rivers State House of Assembly loyal to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Monday, dumped the Peoples Democratic Party (PDP) for the All Progressives Congress (APC). The lawmakers announced their defection on Monday morning in Port-Harcourt, the state capital while reaffirming their total loyalty to the former governor of Rivers …

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Nigerian govt mulls sale of stakes in NNPC, others to raise funds

The reality of the state of the Nigerian economy may have dawned on the Federal Government as reports have it that it is mulling selling stakes in about 20 state run companies. The move, according to a report by Bloomberg, is to raise funds and improve corporate governance in the companies. According to the Chief Executive Officer of Finance Ministry …

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Like Reps, Senate denies recieving N100m palliative from govt

A few days after the House of Representatives denied claims by the Nigeria Labour Congress (NLC), that its members received the sum of N100 million as palliatives from the Federal Government to cushion the effects of the fuel subsidy removal, the Senate has also refuted receiving such amount. The NLC had, in a statement announcing its intention to embark on …

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