Nigeria’s debt portfolio, which once became an albatross to Nigeria’s economy, is gradually becoming unmanageable again as the Director General of Debt Management Office (DMO), Dr Abraham Nwankwo, yesterday, put it at N6.1 trillion. Nwankwo, who gave this figure in Abuja at the commencement of training for Nigeria’s first set of medium term debt strategy experts […]
The University of Ibadan yesterday kick started its four-day 2011 graduation ceremony with a total of 1,647 graduating students from the faculties of Arts, Science, Basic Medical Sciences, Clinical Sciences, Pharmacy, Public Health, Technology and Law. Out of the graduating students that came out with First Class honours degrees, 19 came from the Faculty of […]
The President yesterday justified why business mongul, Alhaji Aliko Dangote, was bestowed with Nigeria’s second highest honour of Grand Commander of the Niger (GCON). The award is usually reserved for the Vice President, Senate President and the Chief Justice of Nigeria (CJN). Criticisms have trailed Dangote’s GCON since the list was made public last weekend. […]
Lagos State Governor, Mr. Babatunde Fashola has presented a budget proposal of N485.292 billion to the State House of Assembly for approval for 2012 fiscal year. The budget, which is expected to revamp and boost economic prosperity of the state, comprise, N227.47 billion recurrent expenditure and N257.821 billion capital expenditure. The capital to recurrent ratio […]
The Algerian Deputy Foreign Minister has said intelligence reports showed there is coordination between Boko Haram and the Algerian-based North African branch of al Qaeda. Boko Haram has killed dozens of people. Western security experts said any link-up with al Qaeda in the Islamic Maghreb (AQIM) could make it a more potent threat, especially to […]
About 500 returning pilgrims and crew members of a Max Air plane, on Monday in Kano escaped death, as the aircraft which was returning from Saudi Arabia lost four of its tyres while landing at the Mallam Aminu Kano International Airport (MAKIA) Sources said the Jumbo jet, a Boeing 747, with registration No.5N-DBM and an […]
The Economic and Financial Crimes Commission EFCC has re-arraigned Dr. Sani Teidi Shuaibu, a former Director, Pension Administration in the Office of the Head of the Civil Service of the Federation, and nine other accused persons. They were arraigned yesterday, Monday 14th November alongside 30 companies before a Federal High Court in Abuja in an […]
An explosive device believed to have been thrown by the Boko Haram and targeted at the convoy of Gov Kashim Shettima yesterday afternoon in Maiduguri went off few minutes after the governor’s convoy passed the area. Governor Kashim who was received at the Maiduguri Airport yesterday afternoon by thousands of All Nigeria Peoples Party (ANPP) […]
Dr. Leonard Karshima Shilgba, Yola, Nigeria , Nov. 14, 2011 – Have you heard that the government of President Jonathan plans to spend one hundred billion naira in 2012 to subsidize electricity tariff for “poor and rural dwellers”? According to the Minister of Power, Professor Barth Nnaji, the 3-year subsidy program shall begin in January […]
As the controversy over the reduction of British Airways slots into the Murtala Muhammed International Airport in Lagos rages, the Minister of Aviation, Princess Stella Adaeze Oduah, has insisted that the issue is not about Arik Air but the fair and equitable treatment of all Nigerian flag carriers in line with Bilateral Air Services agreements […]
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