News

Nigerian Banks Are Still Sound But… – Chukwu

Johnson Chukwu, Managing Director and Chief Executive Officer of Cowry Asset Management Limited, is a household name in the nation’s financial sector. His passion for financial matters has taken him far and wide as a banker and financial consultant. He spoke with Daily Trust on the state of the nation’s economy, the financial sector and […]

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Fuel Scarcity Over In Days – Minister

ABUJA — The Minister of Information and Culture, Alhaji Lai Mohammed, has assured that the current fuel scarcity in the country will be over in a matter of days, following the approval of the subsidy payment by the National Assembly. The minister, who gave the assurance during a visit to the headquarters of the Daily […]

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ONITSHA PROTEST: Gov. Obiano Finally Reacts

VanguardNgr Governor Willie Obiano of Anambra State has finally reacted to the outcome of Wednesday’s protest by pro-Biafra groups, the Movement for the Actualization of the Sovereign State of Biafra (MASSOB) and the Indigenous People of Biafra (IPOB), in Onitsha, the commercial city of the state, which reportedly led to the death of 9 civilians, two police […]

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N’Assembly Frustrates Audit Reports Since 1999 – AuGF

The Auditor-General of the Federation (AuGF), Mr. Samuel Ukura, has accused the Nigerian legislature of turning down the implementation of the 14 audit reports forwarded to it since 1999. Ukura claimed that he exposed fraud and corrupt practices in Federal Government’s ministries and agencies in those reports. He disclosed these at a retreat between his […]

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Cameroon Army Kill 100 Boko Haram, Frees 900 Hostages

The Cameroon army yesterday killed 100 Boko Haram terrorists and freed 900 hostages in a three-day operation last week. “A special clean-up operation from November 26 to 28 against Boko Haram in the border area with Nigeria neutralised more than 100 insurgents,” Defence Minister Joseph Beti Assomo, said in a statement broadcast on national radio. […]

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Senate To Prob Diversion Of N200bn Education Tax

The Nigerian Senate yesterday said it will open investigation into the alleged diversion of N200 billion of the education tax collected by the Tertiary Education Trust Fund (TETFund) between 2012 and 2013. The amount was said to have been diverted to “unknown and unspecified uses not recognised in or permitted under the TETFund establishment Act, […]

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Buhari Flies To South Africa Today.

Nigeria’s President Muhammadu Buhari will depart Abuja today for for Johannesburg, South Africa to participate in the Forum on China/Africa Cooperation (FOCAC). The president will use the opportunity to discuss with the Chinese President Xi Jinping on development of the country’s rail sector. The forum in Johannesburg begins tomorrow and ends December 5. China Railway […]

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Nine dead, Over 8 injured At Pro-Biafra Protest In Onitsha

Nnewi – The peaceful protest embarked upon on Tuesday by the Indigenous People of Biafra, IPOB, against the continued incarceration of Mr. Nnamdi Kalu the Radio Biafra Director, turned bloody at about 1.30 am early hours of Wednesday, after an alleged encounter by the Joint Military Taskforce comprising, Army, Navy, Police and Civil Defense, who […]

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Terrorism: U.S. Mulls Security Master Plan in Nigeria

The U.S. says it has concluded plans to begin the implementation of the Security Governance Initiative (SGI), a comprehensive security master plan aimed at defeating terrorism and security threats in Nigeria. The U.S. Ambassador to Nigeria, Mr James Entwistle, disclosed this on Wednesday in Abuja when he paid a courtesy visit to the Minister of […]

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Extra Budgetary Spending Is Criminal – Oshiomhole

Edo State Governor Adams Oshiomhole yesterday called for the prosecution of all those involved in extra budgetary expenditure under the Dr Goodluck Jonathan administration. Such an act is criminal in the eyes of the law, he said. Oshiomhole, who spoke at the quadrennial delegates conference of the Non Academic Staff Union of Educational and Associated […]

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Synagogue: Court Stops Engineers’ Prosecution

The Federal High Court in Lagos yesterday restrained Lagos State from prosecuting two engineers, who built the collapsed guest house of the Synagogue Church of All Nations (SCOAN). Justice Ibrahim Buba granted an order of injunction barring the commissioner of police from arresting and detaining the applicants. The orders, the judge said, will subsist, until […]

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South Africa Knocks Nigeria off its Perch as “Most Corrupt” African Country

South Africa is now believed to be the most corrupt country on the continent, according to a new survey. The latest report by Transparency International sees South Africa top the list of countries where citizens believe the problem has got worse in the last year. Over 80% of South Africans who were interviewed thought that […]

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