President Goodluck Jonathan, yesterday, ordered power minister Prof Barth Nnaji, to resign following an alleged involvement of two companies linked to him in the ongoing privatisation exercise in the power sector. LEADERSHIP gathered that the president might have been embarrassed by media reports that the National Council on Privatisation (NCP) had to cancel the technical […]
United States President Barack Obama has declared Nigeria as the world’s next economic success story, stressing that this was one of the major reasons why his government was committed to helping the country build strong democratic institutions and remove constraints to trade and investment through the African Growth and Opportunity Act. Making this declaration at […]
The Secretary to the Government of the Federation (SGF), Chief Anyim Pius Anyim has asked all Ministries, Departments and Agencies to respect the nation’s anthem and stop using tattered national flags and Coat of Arms. He also asked all the MDAs and their staff members to honour the country when the national anthem is being […]
Former World Bank Vice President for Africa, Dr. Oby Ezekwesili yesterday said about $400 billion of Nigeria’s oil revenue has been stolen or mismanaged since independence in 1960. Presenting a paper entitled “Corruption, National Development, The Bar and The Judiciary” at the ongoing 52nd Annual General Conference of the Nigerian Bar Association (NBA), she said […]
The Central Bank of Nigeria on Tuesday dismissed fears that the planned introduction of N5000 note could engender inflation. The apex bank said the fears expressed by Nigerians, including economists and finance experts, had no basis in economics. It threw a challenge to economists against the move to make public, any theory that opposes higher […]
By INNOCENT ANABA ABUJA — Chairman of Economic and Financial Crimes Commission, EFCC, Mr Ibrahim Lamorde, argued, yesterday, that drastic measures were needed to check corruption in the country. Speaking at the Annual General Conference of the Nigerian Bar Association, NBA, in Abuja, Lamorde said that corruption had eaten deep into the society’s fabric. He […]
By Clara Nwchukwu & Victor Ahiuma-Young LAGOS— Minister of Power, Prof. Barth Nnaji was, yesterday, relieved of his job following the acceptance of his resignation, with immediate effect, by President Goodluck Ebele Jonathan. In a two-paragraph statement from Presidential media aide, Dr. Reuben Abati, the president thanked “Prof. Nnaji for his services to the nation […]
CBN governor Sanusi Lamido Sanusi Many Nigerians are speaking against the introduction of N5,000 note by the Central Bank of Nigeria, (CBN) even as the Governor of the apex bank Sanusi Lamido Sanusi explained that the new bill is introduced to cushion the effect of “inflationary pressures.” According to him, by next year, all coins […]
Major socio-cultural organisations in the country have expressed opposing views on the plan by the Federal Government to embark on an elaborate centenary celebration of the amalgamation of the Northern and Southern protectorates in 1914 by the British. Nigeria became a nation when the then Governor-General of the country, Lord Frederick Lugard, merged the Protectorate […]
SOME of the indicted oil marketers had started making refunds of fuel subsidy payment they got in error, the National Economic Council said on Thursday. At a post-Council meeting press briefing in Abuja, the Anambra State Governor, Mr. Peter Obi, said a report submitted to members by Minister of Finance, Dr. Ngozi Okonjo-Iweala, indicated that […]
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