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Okonjo-Iweala may appear before Senate today

A former Minister of Finance and Managing Director of World Bank, Dr (Mrs) Ngozi Okonjo-Iweala, may appear before the Senate today, in line with a move to give her screening expeditious treatment by the Senate. Sources also said names of other ministerial nominees would be forwarded to the Senate today, while the lawmakers would restart […]

Islamic banking,Takaful insurance solidify Sharia

With the expansion of the Islamic communities across the globe, Islamic banking and takaful insurance are already playing vital roles in today’s global financial village. Operators of Islamic banking argued that Islamic banking cannot be fully Sharia based unless there is Takaful to take care of their insurance businesses. The Governor of the Central Bank […]

FG to award Lagos-Ibadan rail contract soon – Jonathan

ABUJA— PRESIDENT Goodluck Jonathan, yesterday, announced far-reaching measures towards accelerating the nation’s economic growth through boosting agricultural output and provision of infrastructure in which a Lagos-Ibadan speed train line contract would soon be awarded. President Jonathan who was represented by Vice President Namadi Sambo said at the opening of the Nigeria Incentive-Based Risk Sharing System […]

S-West govs converge on Lagos today

LAGOS — A one-day meeting of the six governors of the South West region will hold in Lagos today. Usually reliable sources said the close-door meeting to be hosted by Governor Babatunde Fashola of Lagos State will be attended by his Action Congress of Nigeria’s counterparts from Osun (Engr. Rauf Aregbesola), Ogun (Senator Ibikunle Amosu), […]

Police parade 3 foreigners, 17 others for alleged kidnapping, vandalism

AKURE—POLICE in Ondo State yesterday paraded three foreigners and 17 other suspects including three brothers for kidnapping, ritual murder and pipeline vandalism. Three of the suspects were alleged to have kidnapped a one-year and four-month-old girl, Dada Akingboye, while sleeping beside her mother, Mrs Pupa Akingboye in Ikoriho, Igbokoda. The police later found Dada lifeless […]

EFCC accuses ex-Works Minister of plotting to jump bail

ABUJA — The Economic and Financial Crimes Commission, EFCC, has challenged the release of the travel documents of a former Minister of Works, Hassan Muhammed Lawal, who is being prosecuted alongside 13 others over a N75 billion fraud at a Federal High Court sitting in Abuja, stating that the move is a ploy by the […]

German Chancellor, Merkel, to visit Nigeria

THE bilateral trade volume in import and export between Nigeria and its German counterpart has been put at N678 billion (€3 billion) in 2011. Besides, the German Chancellor, Angela Merkel, will be in Nigeria on a state visit to President Goodluck Jonathan and to kick off the German-Nigerian Business Forum holding from July 14 to […]

Security chiefs finger foreign forces in blasts

NIGERIA’S security helmsmen yesterday appeared before the Senate at a closed-door session, where they gave several reasons for the apparent ease with which criminals operate in various parts of the country. They particularly cited lack of enabling laws in the past and some external forces in the activities of some armed gangs as the major […]

Murder of banker wife: Hubby for psychiatric test –Police

Lagos State Police Command will take a man who allegedly killed his banker’s wife, to a psychiatric hospital, in the metropolis. Akolade Arowolo was paraded before pressmen yesterday, at the premises of Police Public Relations Office, Oduduwa Street ,Ikeja, by the command’s spokesman, Mr Samuel Jinadu, a Deputy Superintendent of Police. Jinadu said Arowolo would […]

Police storm Boko Haram hide-out• Kill 3 suspects, lose 2 men-3 others shot dead

Seven people including two policemen, an Assistant Superintendent of Customs (ASC II), and three civilians were on Tuesday killed by the Boko Haram Islamic sect in Maiduguri, Borno State. The two policemen whose ranks could not be ascertained as at press time were shot dead in Gwange area within three hours. The development came as […]

WTO: Buhari, Okonjo-Iweala meet in Aso Rock

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