2008-10-13
Investors Panic As Oil Falls
Nigerian businessmen who operate foreign accounts are worried over the continuous backpedaling of the global financial future even as the crisis over the weekend led to the stunning collapse in oil markets sending a barrel of crude plunging below $78.2008-10-13
Legislators' Differences Delay Budget
THE inability of the Senate and the House of Representatives to agree on the final figures in the 2008 Budget Amendment Bill which has been pending before the National Assembly for over three months, may have delayed the submission of the 2008 Supplementary Budget proposed by President Umaru Yar'Adua. 2008-10-13
Party Calls for Obasanjo Corruption Probe
The Action Congress (AC) has called on President Umaru Musa Yar'Adua to direct the anti-corruption agencies, especially the Economic and Financial Crimes Commission (EFCC), to probe the role played by former President Olusegun Obasanjo in the alleged frittering away of $16 billion in the power sector between 1999 and 2007. 2008-10-13
Fidelity Bank Declares Profit of N13.356 Billion
Fidelity Bank Plc has declared profit of N13.356 billion for the financial year ended June 30, 2008 . 2008-10-13
Global Financial System is in Danger - IMF
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, has said that rich nations have so far failed to restore confidence in the world financial system and warned seriously against the huge implications. "The world financial system is teetering on the brink of systemic meltdown," he warned in Washington. 2008-10-13
Presidential Poll - Buhari Alleges Plots to Influence Judges
As the Supreme Court prepares to hear the petition of both the All Nigeria Peoples Party (ANPP) and Action Congress (AC) presidential candidates, the Director General of the Presidential Campaign Organisa-tion of the ANPP, Alhaji Sule Hamma, has raised an alarm over alleged moves to influence the outcome of the case at the apex court. 2008-10-13
The New Customs Tariffs
Nigeria's Customs and Excise Tariff Book for the period 2008-2012 has been presented. According to Dr. Bright Okogu, Director-General, Budget Office of the Federation, the new tariff book is aimed at facilitating trade and industrial growth. 2008-10-13
Politician Seeks Punishment for False Whistleblowers
A chieftain of Progressive Peoples Alliance, Chief Onyekachi Onyekwere has called for a legislation against people who forge allegations against government officials and submit such to anti-corruption agencies or the police just to embarrass them. 2008-10-13
Niger Delta - 'Don't Allow Ministry Creation to Affect Monitoring'
The Federal Government had been urged not to allow creation of the Ministry of Niger Delta to distract it from monitoring federal allocation given to states in the region, to ensure they are well utilised. 2008-10-13
Finally, Country to Adopt Current Account Convertibility
Nigeria is on the verge of assenting to Article VIII of the International Monetary Fund (IMF) charter to have current account convertibility, Central Bank of Nigeria (CBN) Governor, Prof. Chukwuma Soludo, has said. 2008-10-13
FG Rejects Request for Shipment of Liquefied Natural Gas
President Umaru Musa Yar'Adua may have made good his threat to suspend all export-oriented gas projects. 2008-10-13
PDP Will Take Shekarau to EFCC - Kutama
The Kano State chairman of the Peoples Democratic Party (PDP), Alhaji Yusuf Chiroma Kutama has declared the intention of the party in the state to petition the Economic and Financial Crimes Commission (EFCC) to investigate the affairs of the state government under Malam Ibrahim Shekarau of the All Nigeria Peoples Party (ANPP). 2008-10-13
'Courts Hold Sessions Under Trees'
Citizens of Imo State have continued to express shock over the deplorable state of the judiciary as some of the courts now hold sessions under trees or in open air. 2008-10-13
Bio-Technology Panacea to Poverty And Food Insecurity
Director-General of National Bio-technology Development Agency (NABDA) Prof. Bamidele Solomon, said yesterday that biotechnology had the potential to address poverty and food insecurity in developing countries. 2008-10-13
Expert Challenges Yar'Adua On Vision 2020
The National President, Nigeria Institution of Mechanical Engineers, Engr. Alex Momoh, said at the weekend in Warri , Delta State that if the vision 2020 of President Umaru Yar'Adua must be achieved, the country must look inward and harness its potentials. 2008-10-13
$120 Million Solid Mineral Grant - World Bank Rates Nigeria High
The World Bank has scored Nigeria high on the implementation of a $120 million Sustainable Management of Mineral Resource Project grant extended to the country three years ago for the resuscitation of its Solid Mineral Sector. 2008-10-13
Govt to Institute HIV Status Tests
The Vice President, Goodluck Jonathan yesterday stated that in recognition of the importance of HIV counseling and testing in HIV prevention and the need for Nigerians to know their HIV status, the Federal Government would institute a yearly know your status week to kick-off this year starting from December. 2008-10-13
Red Cross Tasks Rotary Club On Displaced Bakassi Residents
The president of the Nigerian Red Cross, Chief Rochas Okorocha,at the weekend enjoined the Rotary Club of Abuja and other humanitarian service organisations to come to the aid of the displaced Bakassi residents who are presently undergoing destitution and deprivation. 2008-10-13
Power Probe Outcome - No More Excuses Not to Probe Obasanjo
The Action Congress (AC) has called on President Umar Musa Yar'Adua to direct the anti-corruption agencies, especially the Economic and Financial Crimes Commission (EFCC), to investigate the role played by former President Olusegun Obasanjo in the frittering away of 16 billion dollars on the country's power sector between 1999 and 2007, following the report of the House Committee that probed the expenditure. 2008-10-13
Police Ready for Planned Protest By Ijaw Youths
The Nigerian Police Command in Bayelsa State at the weekend put its men on red alert over threats by rival factions of the Ijaw Youth Council (IYC) to shut down government activities in the state on today. |
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