External reserves fall by $301m as Naira loses 2 kobo

BY BABAJIDE KOMOLAFE The nation’s external reserves continued its downward trend as it fell by $301 million to $43.31 billion  from $43.61 billion in the first six days of 2014. Meanwhile, the naira depreciated marginally by two kobo at the first foreign exchange auction conducted by the Central Bank of Nigeria, CBN, this year. Data […]

Angry reactions trail Clark’s letter to OBJ

E. K. Clark BY SONI DANIEL, CLIFFORD NDUJIHE, DAPO AKINREFON, CHARLES KUMOLU, JOHNBOSCO AGBAKWURU & LEVINUS NWABUGHIOGU The open letter of Elderstates man and Ijaw leader, Chief Edwin Kiagbodo Clark, to former President Olusegun Obasanjo, yesterday, opened a can of worms in the polity. Eminent Nigerians who reacted to the 10-page letter expressed mixed feelings. […]

Rivers’ court bombing: Lawyers give FG 30-day ultimatum

BY Innocent Anaba, Godwin Oritse, JIMITOTA ONOYUME, Abdulwahab  Abdulah,  JOHNBOSCO AGBAKWURU & CHRIS OCHAYI LAGOS—The Nigerian Bar Association, NBA, yesterday, gave the Federal Government, through the National Security Adviser and the Inspector General of Police, a 30-day ultimatum to thoroughly investigate the bombing of the Rivers State High Court premises in Ahoada and Okehi. Similarly, […]

Aviation Minister, Stella Oduah, in fresh trouble as U.S. College says it did not award MBA to her as it has no Masters programme

By Saharareporters, New York Stella Oduah, Nigeria’s Minister of Aviation who is embroiled in a scandal of towering proportions in the ministry, faces new integrity questions as her Masters’ degree has been challenged by the United States school which supposedly awarded it. Her resume, which she presented to the Senate as a ministerial nominee in […]

December salary: Civil servants tackle Okonjo-Iweala, AGF

Coordinating Minister for the economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala | credits: File copy The Association of Senior Civil Servants of Nigeria on Thursday described as incorrect and unfortunate the statement credited to the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Accountant-General of the Federation, Mr. Jonah Otunla, that all federal workers […]

Watch your tongues, Baba Aladura tells Jonathan, Obasanjo

From  Moshood Adebayo, Abeokuta The Chairman and spiritual father of the Cherubim and Seraphim Movement Church Worldwide (Ayo Ni O), Most Reverend Samuel Abidoye has cautioned President Goodluck Jonathan and former president Olusegun Obasanjo against heating up the polity  through their actions and inactions. Abidoye, in his New Year message to members of the CSMS […]

Missing $49.8bn: Reconciliation that ‘ll strengthen accountability in public finance

FROM ISAAC ANUMIHE, ABUJA A mere letter by the Governor of Central Bank of Nigeria (CBN),  Mallam  Sanusi Lamido Sanusi to President Goodluck Jonathan,  on September 25, 2013, alleging non-remittance of over $49.8 billion by Nigerian National Petroleum Corporation (NNPC) has generated  a lot of controversy in the nation’s already fragile  economy. For one, many […]

No plans to increase fuel price – FG (Good idea)

By Ben Agande, Michael Eboh & Kunle Kalejaye ABUJA — The Federal Government said, yesterday, that it had no plans to increase the pump price of Premium Motor Spirit, PMS, popularly known as petrol from the prevailing pump price of N97 per litre, describing the growing fear of imminent price hike as unfounded. Equally, what […]

FG, 34 states to spend N10.67trn in 2014 (Table) (Spend, a coded word for loot)

States          2013       2014       capital      Recurrent Nbn        Nbn        Nbn             Nbn Abia            137.8        149.6        87.5            62 Adamawa        95        97.9        39.7            58.2 Anambra        110.96    140.00    100.29        39.71 A/Ibom        599.180    469.374    308.870        165.504 Bauchi   […]

End of the road: 40 Army Generals to be retired

Views: 267 In its bid to reposition the Nigerian Army for expected operational challenges in the coming year and beyond, the Nigerian Army Council has commenced issuing terminal letters to over 40 generals preparatory to their leaving the force. The letters from the Military Secretary’s office said the letters are being issued to officers of […]

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