Headlines

Naira value slides against dollar

Posted by admin Headlines Thursday, July 28th, 2011

The naira weakened against the U.S. dollar on the interbank market on Wednesday after the Central Bank of Nigeria (CBN) failed to meet banks’ demand for foreign currencies at its bi-weekly auction. The naira traded at N152.95 per dollar at the interbank market, compared with N152.52 on Tuesday and weaker than N152.30 to the dollar […]

Groups fault Jonathan over single term bill

Posted by admin Headlines Thursday, July 28th, 2011

MEMBERS of civil society organisations have faulted President Goodluck Jonathan’s bill on single term for the offices of the president and state governors, describing it as unfortunate and anti-democratic. Making known their positions at the end of a stakeholders’ forum on the state of corruption in Nigeria, jointly organised by HEDA Resource Centre, Women Advocacy […]

Two ladies arrested with fake $2,000 at Lagos airport

Posted by admin Headlines Thursday, July 28th, 2011

TWO ladies were, on Wednesday, arrested at the international wing of the Murtala Muhammed Airport with fake $2,000. The development came, even as the Bureau de Change operators at the airport condemned the circulation of fake currencies in the country. While reacting to the arrest of the culprits, who were caught at the Hajj camp […]

I’m ready to pay N18,000 minimum wage -Zamfara gov

Posted by admin Headlines, State News, Zamfara Thursday, July 28th, 2011

ZAMFARA State governor, Alhaji Abdul-Aziz Yari, said he is ready to pay the N18000 minimum wage to his workers. Speaking with newsmen in Gusau, the governor affirmed that the minimum wage was a law which he had to comply with. He was, however, silent on when he would start its payment. Yari said he would […]

Nigeria records $6.099m foreign direct investment

Posted by admin Headlines Thursday, July 28th, 2011

The 2011 World Investment Report has indicated that Nigeria is presently enjoying Foreign Direct Investment inflow to the tune of 6.099 million dollars as of July this year, The report further revealed that Nigeria enjoyed $8.85 million in 2010, $8.29 million in 2009, $5.321 million in 2008 and $1.642 million in 2004 respectively.A situation which […]

Boko Haram : Offshoot of decayed economy – Amaechi

Posted by admin Headlines Thursday, July 28th, 2011

Governor Rotimi Amaechi of Rivers State has described the emergence of the outlawed group, Boko Haram, as an offshoot of the decay inherent in the Nigerian economy. He said the disparity in the economic and social life of the people and those in the corridors of power had become inimical to the growth and development […]

Reps order FG to investigate murder of Nigerian by German police

Posted by admin Africa & World Politics, Headlines, House, Legislature Thursday, July 28th, 2011

The House of Representatives, on Wednesday, adopted a motion which sought to investigate the gruesome murder of a Nigerian, Mrs Christy Schnudeck, nee Omorodion, who was resident in Germany. To this end, the House directed its Clerk, Mr Sanni Omolori, to liaise with officials of the Ministry of Foreign Affairs to ensure that the deceased’s […]

Jonathan appoints committee to audit NDDC contracts

Posted by admin Headlines Thursday, July 28th, 2011

PRESIDENT Goodluck Jonathan has approved the appointment of a presidential committee to look into the problems that have hindered the operations of the Niger Delta Development Commission (NNDC) and generated several concerns among stakeholders. The Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, announced that the committee had Mr Steve Oronsaye […]

Boko Haram crisis’ll end soon –Defence Minister •As rumour of attack spreads in Jos

Posted by admin Boko Haram, Headlines Thursday, July 28th, 2011

THE Federal Government will soon work out a plan that would bring an end to the Boko Haram insurgency, the Minister of Defence, Dr Haliru Mohammed Bello, has said. Bello, speaking in Kaduna, on Wednesday, said although insecurity was not peculiar to Nigeria, the Federal Government had its security plan for the country and would […]

Adoke Vs Waziri: Controversy in anti-graft war

Posted by admin EFCC Politics, Headlines Tuesday, July 26th, 2011

Controversy on the direction of the nation’s anti-graft war raged yesterday following growing infighting at the top echelon of government. At the centre of the controversy is the Chairman of the Economic and Financial Crimes Commission, EFCC Mrs. Farida Waziri. The controversy was sparked by enquiries initiated by the Minister of Justice and Attorney General […]