Economists back Soludo, insist on CBN autonomy

May 27, 2012 by Leke Baiyewu 24 Comments former CBN Governor, Professor Charles Soludo | credits: File copy Economists have warned the Federal Government against removing the autonomy enjoyed by the Central Bank of Nigeria. According to them, the bank plays a central role in the economy and can be exposed to anarchy. A former […]

US in Dilemma Over Designation of Boko Haram as Foreign Terrorist Group

ALTHOUGH the United States government condemns the activities of the Boko Haram sect, its State Department is concerned that designating the group a Foreign Terrorist Organization (FTO) may become counter-productive, according to sources close to both US and Nigerian governments. The situation presents what sources believe is a strategic dilemma for the American Government, which clearly […]

How Lawmakers Hijacked Federal Contracts

As the war of words between former President Olusegun Obasanjo and the National Assembly subsides, shocking revelations have emerged on how members of the National Assembly, allegedly hijacked federal contracts and had been holding the executive hostage in the budgetary process. Investigations in the last two weeks showed that most contracts in federal ministries were […]

DPO, 3 cops, pastor, 5 robbers killed in Delta bank robbery

y:  PAUL OSUYI, Asaba Date: Tue, 05/15/2012 – 15:05 There was pandemonium yesterday in the sleepy town of Ibusa, Oshimili North Local Government Area of Delta State during a bank robbery that left no fewer than 10 persons dead. Among the dead were four policemen including a Divisional Police Officer (DPO) from Abraka, according to […]

FG to send 100 first class graduates to top world varsities

y:  JULIANA TAIWO-OBALONYE, Abuja Date: Fri, 05/25/2012 – 14:29 President Goodluck Jonathan, yesterday, swore in the presidential committee on award of post graduate scholarship to First Class graduates with a mandate to send 100 of them to top 25 universities in the world and prepare them for the role of transforming Nigeria in future. According […]

Nigeria economy will collapse if… – CBN warns

By Henry Umoru & Inalegwu Shaibu ABUJA- THE Central Bank of Nigeria, CBN, warned Wednesday  that if the present autonomy being enjoyed by it was removed, the nation’s economy stands the risk of collapsing. The country’s apex bank also urged the Senate to jettison the move if the nation’s economy must grow and for the […]

‘Nigeria not supporting US move against Boko Haram’

A US Congress push to designate  Boko Haram a “foreign terrorist organisation” will not help efforts to start dialogue and does not have Nigeria’s backing, its Minister of Defence, Bello Mohammed, told Reuters on Wednesday. “We are looking at a dialogue to establish the grievances of the Boko Haram. I think the attempt to declare […]

FG okays special tribunal for election violence

May 24, 2012 by Olalekan Adetayo, Abuja 11 Comments Minister of Information, Labaran Maku | credits: File copy The Federal Executive Council on Wednesday  approved a White Paper on the report of the Dr. Sheikh Lemu-led Federal Government Investigation Panel into the 2011 Election Violence and Civil Disturbances. One of the highlights of the White […]

Police arrest S/South indigene Boko Haram suspect in Kano

ANOTHER breakthrough was recorded by the Kano State police command, on Monday, when a member of the Boko Haram sect, Augustine Effiong (a.k.a Abubakar Garba), 25, an indigene of Akwa Ibom State, was arrested in connection with the recent attack in Bayero University, Kano (BUK), where no fewer than 30 Christians were killed during a […]

Nigeria, S’Africa tidy trade ties, free entry for nationals

THE Federal Government is leading the campaign for free entry into South Africa and Nigeria for diplomats and holders of the two countries’ official passports. The proposal was presented to South Africa yesterday at the on-going Eighth Nigeria-South Africa Bi-National Commission (BNC) confab in Cape Town. The Foreign Affairs and Cooperation Working Group of the […]

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