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Senate warns states against $3bn loan plan

Posted by admin Legislature, Senate Monday, December 10th, 2012

The Senate Committee on Local and Foreign Debts has expressed concern over requests by state governments to secure foreign loans totalling over $3.059 bn. Chairman of the committee, Senator Ehigie Uzamere, raised the alarm at a meeting with some of the affected states finance commmissioners in Abuja on Monday. Uzamere warned state governments against obtaining […]

EFCC seeks Switzerland’s help in fuel subsidy probe

DECEMBER 11, 2012 BY AGENCY REPORTER 1 COMMENT EFCC Boss, IBRAHIM LAMORDE | credits: File The Economic and Financial Crimes Commission has sought Switzerland’s help in its investigation of a multi-billion dollar fuel subsidy scam, after some Swiss oil trading houses refused to cooperate with the authorities in Abuja, Nigerian officials have said. Reuters reported […]

Nigeria imported 96,629 vehicles in nine months

Posted by admin Headlines Monday, December 10th, 2012

DECEMBER 11, 2012 BY RASHEED BISIRIYU 2 COMMENTS | credits: File copy Nigerians imported 96,629 vehicles between January and September of 2012, the Nigerian Automobile Manufacturers Association said in its latest statistics. A breakdown of the figures showed that 22,192 of the vehicles were new and 74,437 vehicles were used ones. Of the new vehicles, […]

Corruption as Nigeria’s 37th state

Posted by admin Headlines Monday, December 10th, 2012

“Corruption has become a state of the Federation, drawing its weekly and monthly allowances from the Federation Account unabashedly” — Lagos lawyer and activist, Fred Agbaje Lately, the Nigerian media has been awash with opinions, analyses and editorials on the spiralling rate of corruption especially under the President Goodluck Jonathan-led administration. The war against graft […]

Okonjo-Iweala’s mom: Police dismiss $1bn ransom phone call

Posted by admin Headlines Monday, December 10th, 2012

DECEMBER 11, 2012 BY ADELANI ADEPEGBA AND IFEANYI ONUBA 6 COMMENTS PROF. Kanene Okonjo, mother of the Minister of Finance, Dr. Ngozi Okonjo-Iweala | credits: The police in Delta State have dismissed reports that abductors of Kanene Okonjo, mother of Nigeria’s Finance Minister, Dr. Ngozi Okonjo-Iweala, are demanding $1bn as ransom. The state Police Commissioner, […]

EU releases fresh list of airlines banned from its airspace from Africa

Posted by admin Aviation, Headlines Monday, December 10th, 2012

THE European Union has released an updated list of airlines that remained barred from the continent’s airspace over safety related matters. EU’s Transport Commissioner, Siim Kallas announced that Eritrean air carriers are no longer certified to fly in the EU, with previously banned airlines from Mauritania now removed from the list. According to Kallas, “safety […]

Ibori’s appeal for hearing in early 2013

Posted by admin Headlines Monday, December 10th, 2012

THE appeal by former governor of Delta State, James Ibori, will be heard at the Royal Courts of Justice in the new year, sources at the courts told The Guardian Monday. Ibori, who was jailed in April at the Southwark Crown Court by Mr. Justice Anthony Pitts, is currently serving his 13-year jail sentence at […]

Tricky draws for U-20 Eagles, Eaglets

Posted by admin Headlines, Soccer, Sports Monday, December 10th, 2012

раскрутка сайтов NIGERIA was handed a mixed bag of draws on Sunday as the Golden Eaglets were paired in the same group as perennial rival, Ghana, in the 2013 African U-17 Champioships scheduled for Morocco. For the 2013 African U-20 Championships holding in Algeria, defending champions the Flying Eagles will do battle in Group B […]

When Senate canvassed more funding for tourism

Posted by admin Legislature, Senate Monday, December 10th, 2012

THE Nigerian tourism sector has been acknowledged by many, both the stakeholders and several others, as a veritable source of income for the country. This became more pronounced in the face of the dwindling fortune of the country in the oil sector, even as emphasis is now being placed on the need to turn attention […]

Team Delta wins Eko 2012 as cash rain awaits them

Posted by admin Headlines, Soccer, Sports, Track & Field Monday, December 10th, 2012

TEAM Delta has emerged winner of the 18th National Sports Festival, Eko 2012 which ended on Sunday at the Teslim Balogun Stadium, Lagos, amid pomp and ceremony. Delta amassed 116 gold, 97 silver and 75 bronze medals to dethrone Team Rivers which finished second with 76 gold, 71 silver and 71 bronze medals while the […]