News

Goldman Sachs thinks It’s too late for OPEC to save oil

CNN… GOLDMAN Sachs thinks crude oil’s late January surge back above $34 a barrel was a mere head fake. The elite Wall Street firm believes oil prices are poised to plunge to new lows below $26 a barrel — despite talk of OPEC coming to the rescue by cutting production. “It may already be too […]

Read More
Nigeria House of Representative. NS

CCTV probe: Reps panel flay NCC, NIGCOMSAT, police affairs ministry

Nigeria’s House of Representatives adhoc committee investigating the award of the $470 million contract for the installation of Close Circuit Television cameras has picked holes in the part played by the Nigeria Communications Commission (NCC), the Nigeria Communications Satellite NIGCOMSAT and the ministry of police affairs for alleged negligence of duty. A member of the […]

Read More

Brazilians celebrate Carnival despite Zika virus threat

If Brazilians are worried about the Zika virus, it clearly didn’t show during this weekend’s pre-Carnival celebrations, CNN report. The sun and heat brought thousands of people out into the streets of Brazil’s main cities. Carnival doesn’t officially start until Thursday, but it’s customary to start celebrations earlier. According to Brazilian state run news agency […]

Read More

‘Our budget is achievable’ Says, Udoma

MINISTER of Budget and National Planning Udoma Udo- Udoma,, said yesterday that the 2016 budget is realisable in spite of the falling oil price. The minister according to the Director of Information in the ministry, Mr Charles Dafe, said the minister spoke when a delegation from the African Development Bank (ADB) visited the ministry. Udo-Udoma […]

Read More

Elumelu tasks US congress on electricity for Africa law

IN seeking for solution for the perennial electricity challenge in Africa, the Founder, Tony Elumelu Foundation, and Chairman, Heirs Holdings Mr. Tony Elumelu, has called on the United States Congress to pass the ‘Electrify Africa Act’ to make a world of difference on the continent. He told aud“When you leave this place call your Representatives […]

Read More

Judiciary, my main headache in anti-graft war – Pres. Buhari

PRESIDENT Muhammadu Buhari on Sunday said as far his administration’s ongoing anti-corruption fight was concerned, the nation’s judiciary remained his major headache. He said the fight against corruption in Nigeria could only be effectively tackled with the strong support of the judiciary. According to a statement by his Special Adviser on Media and Publicity, Mr. […]

Read More

Boko Haram burns children, 86 dead

BOKO Haram, was alleged to have burnt some children to death when the militants overran Dalori, a village four kilometres outside Maiduguri, where about 80 residents of the community were killed on Saturday night. Punchng repot. The Area Coordinator of the National Emergency Management Agency in Borno State, Mohammed Kanar, said 86 bodies were picked […]

Read More

Alleged N1trn rail contracts scam: Reps invite Amaechi, NRC MD, others

MEMBERS of the adhoc committee of the House of Representatives on failed rail contracts have summoned the Minister of Transport, Mr Rotimi Amaechi; Managing Director of Nigeria Railway Corporation, NRC, Seyi Sijuwade; former Chairman of Peoples Democratic Party, PDP, Dr Mohammed Bello Haliru; and former Minister of Transport, Idris Umar, to explain their roles in […]

Read More

$2.1b Arms Deal: FG tightens security, as probe of panel chairman, others begins

THE federal government is not taking chances in the probe of arms deals under the last administration. It has consequently beefed up security around the probe panel chairman, AVM J.O.N. Ode(rtd) and others members of the committee. Sources according to The Nation, said last night that the action was to check the desperation of some suspects […]

Read More

Suicide bombers dress like mad men to cause havoc, DHQ warns

THE Defence Headquarters (DHQ) yesterday warned Nigerians about the new antics by Boko Haram in its killing spree. It said suicide bombers of the terror sect now dress like mad men with a view to deceiving the people. It therefore warned the public to be on the lookout for such suicide bombers. The acting Director […]

Read More

$2.1b Arms Deal: Don’t drag my sons in the mud, Obanikoro warns

FORMER Minister Musiliu Obanikoro yesterday sought to rubbish media reports that the Economic and Financial Crimes Commission (EFCC) traced N4.7billion believed to be from the $2.1billion slush funds from the Office of the National Security Adviser (ONSA) to the account of a company in which his two sons –Gbolahan and Babajide – are directors. The […]

Read More
EFCC in action

$2.1bn Arms Deal: EFCC arraigns own operatives over N45m bribe

THE Economic and Financial Crimes Commission has arrested one of its operatives, Abdulrahman Mohammed Biu, who is a Deputy Detective Superintendent for allegedly collecting $150,000 (about N45 million) from some military officers currently under investigation for their involvement in the arms procurement scam. He promised to give the unnamed seven military officers soft landing to […]

Read More