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Nigeria, Others Attract $126bn FDI

Posted by admin Africa & World Politics, Headlines Wednesday, July 6th, 2011

African Development Bank logo The global financial crisis notwithstanding, Nigeria and the rest of African countries, raked in $126 billion between 2000 and 2010 in Foreign Direct Investment (FDI), portfolio investment and Official Development Assistance (ODA), a research report has shown. The report, which is the African Economic Outlook estimated that ODA and FDI […]

Jonathan Tinkers with Ministerial List Again

Posted by admin Latest Politics, Ministries Wednesday, July 6th, 2011

President Goodluck Jonathan’s ever-changing ministerial list is far from taking a final shape as he continues to tinker with the nominations, days after swearing in the first batch of 14 ministers who passed Senate screening. The president Tuesday withdrew the nomination of Mr. Tonye Cole, an architect who had been tipped to head the Ministry […]

Dangote Cement Builds $400m Plant in Zambia

Posted by admin Africa & World Politics, Headlines Wednesday, July 6th, 2011

Dangote Cement Plc is set to build a $400 million plant in Zambia this month, Zambia’s Commerce, Trade and Industry Minister, Mr. Felix Mutati disclosed last Monday. Reuters quoted Mutati as saying a team of construction experts from Dangote was expected in Zambia this week for an arrangement for the plant. According to him, […]

Jonathan Sees Agriculture as Economic Booster

Posted by admin Latest Politics Wednesday, July 6th, 2011

President Goodluck Jonathan Determined to ensure that the Nigerian economy becomes less dependent on the oil and gas sector, President Goodluck Jonathan has said that agriculture holds a better promise in the march towards growing the economy than the oil and gas sector as it provides more employment as well as ensures food security. Represented […]

PDP Zoning Crisis Deepens as South-west Demands Chairmanship

Posted by admin Party Politics Wednesday, July 6th, 2011

Former President, Olusegun Obasanjo The controversy over which geo-political zone should produce the national chairman of the Peoples Democratic Party (PDP) deepened Tuesday with three zones now tugging at the party for the office. The zones include the North-east, South-west and South-east. Each of the zones has pushed its arguments aimed at securing the position. […]

Jonathan Appoints Sarah Jibril, Abati , Olagunju , 12 Others As Special Advisers

Posted by admin Latest Politics, Top Stories Wednesday, July 6th, 2011

President Goodluck Jonathan Wednesday approved the appointment of 18 aides for his office and that of Vice President Namadi Sambo Secretary to the Government of the Federation , Senator Anyim Pius Anyim , in a statement in Abuja said the new aides will be sworn in by President Jonathan on Thursday by 2 pm at […]

EFCC Opposes Ex-Minister’s S’Arabia Trip

Posted by admin EFCC Politics, Ministries Wednesday, July 6th, 2011

Hassan Lawal, former minister of works The Economic and Financial Crimes Commission, EFCC, has opposed an application by a former minister of works, Hassan Lawal for the release of his passport to enable him travel to Saudi Arabia for religious purpose. Lawal is standing trial with 13 others for alleged money laundering of several billions […]

You’re safe in Bauchi, NYSC coordinator assures corps members

Posted by admin Bauchi, Headlines, NYSC (National Youth Service Corp), State News Wednesday, July 6th, 2011

MEMBERS of the Batch “B” of the National Youth Service Corps (NYSC) posted to Bauchi State have been assured of their safety during their orientation pro-gramme, which started on Monday and their welfare in the state during the service year. The state coordinator of the NYSC, Mr Abraham Tizhe, gave the assurance while speaking with […]

Reps member supports EFCC, ICPC merger

Posted by admin EFCC Politics, House, Legislature Wednesday, July 6th, 2011

A member of the House of Representatives, Honourable Zakari Mohammed, on Tuesday, said that the suggestions by the Minister of Justice, Mohammed Adoke, to merge the country’s anti-corruption agencies, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), was a welcome development that if carried out, […]

CBN to nationalise failed banks •Queries UBA over N25,000 minimum balance

Posted by admin CBN (Central Bank of Nigeria), Headlines Wednesday, July 6th, 2011

CENTRAL Bank of Nigeria (CBN) has reiterated its determination to nationalise banks that are unable to meet the September 30 deadline to increase their equity, rather than forcing them to liquidate. Speaking in Pretoria, South Africa, Deputy Governor, Financial System Stability, CBN, Kingsley Moghalu, said the Asset Management Corporation of Nigeria (AMCON), created by the […]