Yesterday, December 10 was just a day for millions of Nigerianss, but for some it symbolises sorrow and tears, a day that left scars, ThePunchNg report. The reason? On December 10, 2005, a DC-9 plane operated by Sosoliso Airlines crash-landed in Port Harcourt resulting in the death of 108 of the 110 people aboard the […]
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The immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the removal of petrol subsidy in January 2012 was as a result of political pressure. Okonjo-Iweala, who is the Commissioner, Global Commission on the Economy and Climate, said in an article in the Financial Times that the policy of subsidy removal was planned to […]
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The Federal Government on Thursday signed a Memorandum of Understanding with a Chinese firm, Huawei. According to a statement by the Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, the MOU provides 2000 Information and Communication Technology trainee jobs to young Nigerians next year under the “Huawei’s Seeds for […]
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Consumer goods company, PZ Cussons Plc, with a major presence in Nigeria have blamed the Nigerian operating environment for its slowing performance according to reuters. Group operating profits were broadly flat versus comparative period. The company’s fortunes has witnessed strong performance in Europe offsetting a difficult trading environment in Nigeria and impact of weaker currencies […]
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*FG, China sign MoU to create 2,000 ICT jobs The Central Bank of Nigeria (CBN) said it is finalising arrangements to launch an initiative that will create employment for at least one million young graduates in 2016. The apex bank Governor, Mr. Godwin Emefiele, disclosed this at the Bankers’ Committee retreat held in Lagos on […]
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The Federal Government has inaugurated 10 panels of inquiry for the investigations of allegations of sexual harassment and fraud against governing councils, management as well as academic staff of some universities and polytechnics in the country. Among the of institutions to be visited by the ad hoc panels are Federal University Dutsin-Ma, Kastina State; Michael […]
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The House of Representatives has passed a motion, urging the executive to stop the operations of all refineries in Nigeria due to the huge debts being incurred despite the fact that they are barely functioning. The motion was passed on Wednesday. It pointed out that the inability of the refineries to serve local consumption is […]
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Socio-Economic Rights and Accountability Project, SERAP has asked former Minister of Finance Ngozi Okonjo Iweala to “apologise to Nigerians for claiming recently that recovered Abacha loot was transparently spent while she knew that $322m (about N63billion) recovered Abacha funds were inappropriately released to finance the fight against Boko Haram.” SERAP’s statement today followed Mrs Okonjo-Iweala’s […]
Read More The Senate President, Dr. Bukola Saraki, yesterday, responded to criticisms trailing the Bill on Frivolous Petition that has passed the Second Reading at the Senate, saying any part of the bill that does not conform to human rights will be removed VanguardNgr report. Speaking on the sidelines of Lagos Business School Dinner at which he […]
Read More Minister of Power, Works and Housing, Mr Babatunde Fashola, has disclosed that the former ministry of works owed 206 contractors over N2 trillion, of which only N13 billion was released to the ministry out of the N18.132 billion it budgeted for. Speaking Tuesday during his maiden news conference tagged “Setting the Agenda for Delivering Change,” […]
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United States Permanent Representative to the United Nations (UN) Ambassador Samantha Power said yesterday that Nigeria needed a viable military action to end Boko Haram. The African Media Hub of the U.S. Department of State, in a statement, said Power also called for a regional strategy to disrupt Boko Haram’s hideouts, weapons’ flow and means […]
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The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu yesterday said the Commission will recover public funds stolen fund in the guise of arms procurement. He also said the culprits in the arms scandal would be brought to justice, adding that the commission was on top of the ongoing investigation. Magu […]
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