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Tag Archives: May

Theresa May Resigns As UK Prime Minister

Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister. In an emotional statement, she said she had done her best to deliver Brexit and it was a matter of “deep regret” that she had been unable to do so. Being prime minister had been ...

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Theresa May’s First-ever Visit To Nigeria Is All About Fighting Off Boko Haram

On the second stop of her first trip to Africa, UK prime minister Theresa May chose to focus on security in Nigeria. Announcing a new security and defense pact today (Aug. 29), May committed to increased military support—through training and the provision of equipment—to help Nigeria combat the terrorist sect Boko Haram. The group has waged a deadly insurgency since 2009, ...

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British Prime Minister Theresa May Arrives In Nigeria

British Prime Minister Theresa May has arrived in Nigeria on a two-day state visit.May proceeded to the Presidential Villa, Abuja for a meeting with President Muhammadu Buhari to discuss the promotion of British trade and interest. The prime minister said her visit is a “unique opportunity at a unique time for the UK,” stating that Africa’s “incredible potential will only ...

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Nigeria Is Headquarters Of Poverty In The World, Says Britain’s PM

Theresa May, prime minister of the Great Britain, says Nigeria is home to the highest number of “very poor people” in the world. Speaking in Cape Town, South Africa, on Tuesday, May said Africa is home to a majority of the world’s fragile states, and a quarter of the world’s displaced people. She added that Africa has the highest number of ...

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FAAC Shares N701bn In May

The Federation Account Allocation Committee (FAAC) on Wednesday shelled out N701.022 billion to  the three tiers of government as disbursements for the month of May 2018. The figure was described as “an improvement from N626.8 billion shared in April” by the Permanent Secretary Federal Ministry of Finance. While addressing the press at the end of the FAAC meeting in Abuja on Wednesday,  ...

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Oil Prices Retreat On Rising OPEC Output In May

Oil prices reversed earlier gains and drifted lower in early morning trade on Tuesday, after OPEC said that its crude oil production in May rose—despite the output cut deal—on the back of a rebound in exempt Libya and Nigeria, and higher output from Iraq. As of 8:46am ET, front-month WTI Crude oil futures traded down 0.52 percent at US$45.84, after ...

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