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Many people have been throwing rumour’s around ever since MMM posted a halt and freeze of all mavro today the 13 th December 2016. The reason behind the freeze is to enable participants have a hitch free community support both providing help and getting help. The government have been unto them with failed attempts and I must say today that MMM has not crashed. If a site is crashed, the page would give you an error and you wouldn’t even be able to log in even if the site works. Remember that MMM has no central account and the site crashing will affect other countries participating in the community like japan also. Dear Nigerians, the truth is that there is a war between those that are afraid to succeed and those who take risk and succeed. We are the latter and we will not be intimidated by the so called “those afraid to succeed” MMM will give full access to request help and provide help from January 14 th 2017 and I assure you your mavro will grow beyond your wildest dre...

  Nigeria only has itself to blame for its current economic troubles, President Muhammadu Buhari said in an interview broadcast on Saturday, criticising previous governments for an over-reliance on crude revenues. Africa's biggest oil producer and leading economy has been struggling with the slump in global crude prices for nearly two years, which has slashed the majority of government revenues.

The Central Bank of Nigeria on Thursday raised the alarm that about $20bn (N3.94tn) was lying idle in different domiciliary accounts of the citizens. The Deputy Governor, Financial System Surveillance, CBN, Dr. Joseph Nnana, stated this during a meeting of the Joint Appropriation Committees of the National Assembly with government officials on the 2016 budget.

The Federal Government will next week announce a major overhaul of the Nigerian National Petroleum Corporation as well as the firm’s unbundling into 30 different companies, the Minister of State for Petroleum Resources and Group Managing Director of the NNPC, Dr. Ibe Kachikwu, has said. According to him, the government has started resolving the governance issues in the oil and gas sector, adding that an overhaul had not happened at the corporation in the past 20 years.

Dozens of emaciated-looking Boko Haram members begging for food have surrendered in northeast Nigeria, the military and a civilian self-defense fighter said Wednesday. Seventy-six people including children and women gave themselves up to soldiers last Saturday in Gwoza, about 60 miles southeast of Maiduguri, according to a senior officer. All are being detained at military headquarters in Maiduguri, the birthplace of Boko Haram and currently the command center of the war against the Islamic extremists, according to the officer. He insisted on anonymity because he is not authorized to speak to journalists. The detainees said many more fighters want to surrender, a self-defense civilian fighter who helped escort them to Maiduguri told The Associated Press. Food shortages could indicate that Nigeria's military is succeeding in choking supply routes of the Islamic extremists who have taken their fight across Nigeria's borders. Some 20,000 people have died in th...

Dressed all in white, Nnamdi Kanu took his seat in the Federal High Court in Abuja, Nigeria, on February 9. Though he had been in detention for almost four months, the 48-year-old activist initially declined requests from court officers to agree to have his handcuffs removed. In an act of defiance, he raised his cuffed hands to the television cameras. It was hard to divine his intention, but the act and his angry expression suggested that he barely recognized the authority of the court he found himself in. Kanu, a dual British-Nigerian citizen, was arrested in Lagos in October by Nigerian intelligence agents during a visit from his home in London. Kanu leads the Indigenous People of Biafra (IPOB), a separatist movement calling for the independence of the southeastern territories that made up Biafra in the late 1960s. He denies all six of the charges against him, which include treasonable felony, a charge that carries a possible life sentence. The authorities essentially accu...

The Yoruba Unity Forum has raised an alarm over the dwindling economic situation in the country, warning that millions of jobs might be lost this year if the free – fall of the Naira and the attendant rising inflation in the country are not checked urgently. The YUF, however, urged President Muhammadu Buhari to put measures in place to arrest the situation and also restore investors’ confidence, noting that year 2016 would particularly be challenging to Nigeria and the citizens.

The outgoing Executive Secretary of the Petroleum Products Pricing Regulatory Agency, PPPRA, Mr. Farouk Ahmed, yesterday, stated that the Federal Government was considering a review of the pricing template for Premium Motor Spirit, PMS, and might effect a further reduction in the price of the commodity from April 2016. Speaking in Abuja, Ahmed, who officially handed over to the most senior officer of the PPPRA, Mr. Moses Mbaba, also disclosed that as at February 3, about one month after the commencement of price modulation which led to the review of the pricing template of petrol, the country had saved N2.6 billion. According to him, the decision on the review of the price of PMS would be taken next month by the Minister of State for Petroleum Resources, after due consultations with stakeholders and based on the price of crude oil in the international market. 

A Federal High Court sitting in Lagos, yesterday, warned the Federal Government and Distribution Companies, DISCOs, against disobeying subsisting court orders on electricity tariff.  Also, Trade Union Congress, TUC, and union affiliates, with placards, yesterday, at the premises of the Federal High Court, Lagos, protested the hike in electricity tariff by Nigerian Electricity Regulatory Commission, NERC and DISCOs.

The naira, yesterday, suffered its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the parallel market. This represents N20 depreciation when compared with the closing exchange rate of N325 per dollar in the market on Friday. But the naira was relatively stable at the official interbank foreign exchange market as the interbank rate stood at N197.47 per dollar at the close of business, yesterday. 

NIGERIA Labour Congress, NLC, yesterday insisted that there would be a total shut down of Imo State once the 14-day ultimatum issued to the state government to recall the 3000 sacked workers and tackle their unpaid salaries and other benefits expires. The Imo State government is alleged to be owing workers of the state’ agencies including Imo State Water Corporation and Imo State Transport Company, between three and 15 months salaries and other benefits. President of Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, Mr. Igwe Achese, a member of the 6-man action committee set up by NLC to handle the Imo crisis, told Vanguard that all measures had been put in place for the planned action. 

The minister of ​p​ower, ​w​orks and ​h​ousing, Babatunde Fashola, says the power generation will increase this year by 2,000 megawatts.   MINISTER OF POWER, WORKS AND HOUSING, MR BABATUNDE FASHOLA, INSPECTING THE KUKWABA POWER PROJECT NEAR THE GAMES VILLAGE, IN ABUJA ON FRIDAY (29/1/16). 29/1/2016/HF/BJO/NAN This is contained in a statement sent to ​the ​News Agency of Nigeria (NAN) on Wednesday in Abuja by Etore Thomas, an assistant director in the ministry. According to the statement, Mr. Fashola made the statement while defending the ministry’s budget before the Senate Committee on Power and Mines.

PRESIDENT Muhammadu Buhari, yesterday,   sent his first two executive bills to the Senate, seeking to prohibit money laundering and criminal activities in the country. The bills are:”The Money Laundering (Prevention and Prohibition) Bill, 2016″ and “The Mutual Legal Assistance in Criminal Matters Bill, 2016.” Buhari, in a letter to the the Senate and addresed to the Senate President, Dr Bukola Saraki, said he was introducing the bills for formal consideration and enactment into law by the legislature. In the letter read by Saraki, during plenary, Buhari informed that the first bill provides for the repeal of Money Laundering (Prohibition) Act 2011 as amended in 2012. He explained that the bill would “make comprehensive provisions to prohibit the laundering of criminal activities, expand the scope of money laundering, and provide protection for employees of various institutions, bodies and professions who may discover money laundering”. On the second bil...

As oil prices continue on the downward slide, Nigerian oil firms may be producing at up to $5/barrel loss, as average production costs for independent and marginal field producers is between $30 and $35/barrel. Oil prices, yesterday, resumed their free fall, with Brent crude, similar to Nigeria’s sweet crude grade, falling 2.6 per cent to $31.34 a barrel following a 10 per cent rise on Friday, while U.S. oil shed 95 cents to $31.24. To compound the producers’ woes, a significant proportion of what is produced is lost to oil thieves and pipeline vandals, which they insist are even more dangerous than the bearish run oil prices

The Federal Government, weekend, hiked the price of Household Kerosene (HHK) to N83 per litre from N50 per litre, thereby, officially ending subsidy on the product. The Petroleum Products Pricing Regulatory Agency, PPPRA , in its product pricing template released, weekend, however, stated that the N83 per litre price applies only to the Nigerian National Petroleum Corporation (NNPC), meaning that other petrol stations and dealers can sell higher than the stipulated amount. Curiously, the hike in the price of kerosene came at a time when the price of crude oil had dropped to record low, with the price of petroleum products, such as kerosene, fuel and diesel, among others, dropping significantly in a number of countries, like the United States. This also brings to question, the recent reduction in the price of Premium Motor Spirit announced by the Federal Government and which commenced at the beginning of the year.