Sanusi to FG: Stop accumulating debts for future generation

By Babajide Komolafe LAGOS— Central Bank of Nigeria, CBN, Governor, Mallam Sanusi Lamido Sanusi, has warned the Federal Government to stop accumulating debts for future generation by reducing its current levels of borrowing. He said the current level of borrowing, if unchecked, would result to unmitigated hardship for future generations. He urged the Federal Government […]

Bombings: MTN, others to seek compensation from FG

DECEMBER 26, 2012 BY DAYO OKETOLA Mobile network operators have concluded plans to seek compensation from the Federal Government for losses incurred from terrorist attacks on their installations. The Executive Secretary, Association of Licensed Telecommunications Operators of Nigeria, Mr. Gbolahan Awonuga, confirmed to our correspondent on Tuesday that MTN, Globacom, Airtel, Etisalat, and the CDMA […]

Why recruitment was not advertised – Immigration

Nigerian Immigration Service on Tuesday said the vacant posts in the agency were not advertised because it wanted to avoid a repeat of the rush during the 2006 recruitment exercise when many applicants died. The service also denied that it allotted some vacancy slots to the President’s wife, Mrs. Patience Jonathan, saying the report was […]

Sanusi cautions FG against rising debt profile

The Governor of Central Bank of Nigeria, Mallam Lamido Sanusi, on Tuesday raised the alarm over the nation’s rising debt profile and warned that the development, if left unchecked, would result into hardship for Nigerians. Sanusi, at the the Honorary International Investment Council conference in London, argued that if the existing level of borrowing from […]

Facebook friends slam Jonathan over Christmas message

DECEMBER 26, 2012 BY TEMITAYO FAMUTIMI 44 COMMENTS President Goodluck Jonathan | credits: File copy President Goodluck Jonathan came under criticism from his Facebook friends on Tuesday after he posted his Christmas message on the social networking site. The President in the message said he “personally” instructed government officials to make conditions favourable for Nigerians […]

Sambo denies role in huge cost of VP’s residence

VICE President Namadi Sambo Monday washed its hand off the controversy over the huge amount being spent on the official residence of the Vice President. Sambo, in a statement by his spokesman, Umar Sani, said the concept and choice of a residential accommodation was purely by the professionals in the Federal Capital Territory (FCT) administration. […]

NNPC plans to repair three refineries with N152bn (Most of it will be embezzled)

The Nigerian National Petroleum Corporation will spend N152bn on the repair of three of the nation’s refineries in 2013. The amount is contained in the budget document submitted to the National Assembly Joint Committee on Petroleum (Downstream) last week. Details of the budget show that the total maintenance cost for the Port Harcourt Refinery by […]

Re-open Bola Ige’s case, Oyo, Osun govs told

THE Oyo and Osun state governments have been urged to harmonise efforts and jointly re-open the case file of the slain former Attorney General (AG) and Minister of Justice, the late Chief Bola Ige, so that those who assassinated him on December 23, 2001 could be fished out and brought to book. Former president of […]

Babalakin arrested at LUTH, granted bail

THE manner and place of arrest of the ailing chairman of Bi-Courtney Limited, Dr Wale Babalakin by the Economic and Financial Crimes Commission (EFCC), on Monday, are attracting controversies. The commission charged him for laundering N3.4 billion for the jailed former Delta State governor, James Ibori. While it was tagged an abduction from the Lagos […]

Terrorism: US dispatches forces to train African armies •Panic

THE United States has said beginning from 2013, its army brigade will dispatch small army teams to 35 African nations, as part of its plan to check the rising terror threats from al-Qaeda-linked groups in Africa, particularly with the rise of the extremist Islamist sect, Boko Haram, in Nigeria. According to a report the CBS […]

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