Abuja- Dr Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy, on Friday said that the Federal Government had paid additional N56.75 billion to oil marketers out of the 2012 subsidy claims. While briefing newsmen in Abuja, Okonjo-Iweala, also Nigeria’s Minister of Finance, said that the payments were made to 14 companies after being screed by […]
By Ben Agande FOLLOWING the outcry from Nigerians over the planned introduction of the N5,000 note, the Federal Government has confirmed it is stepping down the introduction of the note by the Central Bank of Nigeria. Presidential spokesman, Dr Reuben Abati who confirmed this last night said the move was to allow more enlightenment by […]
By Chris Ochayi ABUJA—A pressure group, the Foundation for Integration in Nigeria, FIN, weekend, rejected the plan by the Governor of Central Bank of Nigeria, CBN, Malam Sanusi Lamido Sanusi, to introduce N5,000 note, saying the move would cause devastating effect on the nation’s economy. The group which stated this in a communiqué issued at […]
By CHIOMA OBINNA & CHARITY UGWUANYI LAGOS— Healthcare services in the Federal Government owned-institutions in Lagos were yesterday paralysed following the nationwide indefinite strike embarked upon by health workers under the aegis of the Joint Heath Sector Unions, JOHESU. Meanwhile, the striking workers have vowed to continue with the action until the contentious Federal Government […]
By JOSEPH ERUNKE ABUJA—The Federal Government, yesterday, rebuffed criticisms against the introduction of N5,000 note in the country, insisting that there was no going back on the decision. Similarly, the government insisted that, notwithstanding fresh facts that have been unearthed by the Vanguard to prove that Bakassi peninsula belongs to Nigeria, and which were concealed […]
Nobel Laureate, Professor Wole Soyinka, urged the Federal Government to appeal against the ceding of Bakassi Peninsula to Cameroon. Soyinka said this at the commemorative lecture of rights activist, Dr. Tunji Braithwaite, at 79 in Lagos on Monday. He said Bakassi remained a testing ground for Nigeria’s corporate integrity, stressing that the government should know […]
PRESIDENT Goodluck Jonathan on Monday sounded a note of warning to national honours awardees, threatening that the Federal Government would withdraw the honours from conferees that lacked credibility. Already, the President said he had mandated the National Honours Committee led by a former Chief Justice of Nigeria, Justice Alfa Belgore, to compile the list […]
Soldiers manning a checkpoint in Kano shot to death two suspected Boko Haram leaders, AP reports. The dead reportedly included the spokesman for the sect, as well as a commander who operates in Kogi State, a military official said. It is unclear what happened next, though the official said soldiers shot dead both the commander […]
The Forum for Justice and Human Rights Defence has advocated immediate suspension of the national honours awards insisting that the process and criteria for the award had been abused in the country. The National Coordinator of the group, Mr. Oghenejabor Ikimi, told our correspondent in Yenagoa that the award had lost its national value and […]
The Accountant-General of the Federation, Mr. Jonah Otunla, said on Friday that Nigeria’s monthly revenue dropped from N825.3 billion in July to N564.8 billion in August. He said this at the end of the monthly Federation Accounts Allocation Committee meeting in Abuja. The News Agency of Nigeria reports that Otunla attributed the development to “many […]
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