Yar’Adua has heart ailment – The Guardian
November 27, 2009 by tim · Comments Off
The Presidency yesterday confirmed that President Umaru Musa Yar’Adua, who is undergoing medical treatment in a Saudi Arabian hospital, is suffering from acute pericarditis. This is an inflammation of the membrane surrounding the heart, which can restrict normal beating of the heart.
EFCC Files Fresh Charges Against Elumelu, Owan, Others – Thisday
October 31, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission yesterday filed a fresh 130-count charge against Hon. Godwin Elumelu, Senator Nicholas Ugbane, Hon. Jibo Mohammed and six others at an Abuja High Court, for allegedly defrauding the federal government of N5.2 billion through the Rural Electrification Agency.
Governors seek to control 10% in oil ventures – The Nation
October 22, 2009 by tim · Comments Off
Niger Delta governors are pushing for the President to allow them manage the investment.
But the President is reportedly not favourably disposed to the proposal.
Western oil firms operate in Nigeria through joint ventures with the Nigerian National Petroleum Corporation (NNPC). NNPC holds 55 per cent of the JV with SPDC, 60 percent each of the JV with Chevron Nigeria, Mobil Producing Nigeria, Exxon Mobil, Agip and Total.
Alaibe Named Special Adviser on Niger Delta – Thisday
October 22, 2009 by tim · Comments Off
Former Managing Dir-ector of the Niger Delta Development Comm-ission (NDDC), Mr. Timi Alaibe, has been appointed Special Adviser to President Umaru Musa Yar’Adua on Niger Delta.
His appointment was made public yesterday in a statement by the Presidential Spokesman, Mr. Olusegun Adeniyi.
Govt okays 50% pay rise for university teachers – The Nation
October 22, 2009 by tim · Comments Off
UNIVERSITY teachers won yesterday their long
First bank, UBA may face sanctions over N100b agric fund – The Guardian
October 22, 2009 by tim · Comments Off
A tripartute meeting of the Central Bank of Nigeria (CBN), Governors’ Forum and the Ministry of Agriculture and Natural Resources has agreed to descend heavily on First Bank Plc and the UBA Plc if, within 21 days, they do not begin to disburse the N100 billion agricultural intervention fund that has been with them for the past six months.
Court remands Atuche, Ojo in EFCC’s custody – The Vanguard
October 21, 2009 by tim · Comments Off
An Ikeja Chief Magistrate’s Court yesterday granted the Economic and Financial Crimes Commission (EFCC) leave to detain two managing directors and chief executive officers of Bank PHB and Spring banks in its custody pending when formal charges will be preferred against them.
Importation of bagged cement banned – The Nation
October 21, 2009 by tim · Comments Off
A Major decision, which is expected to force down prices and encourage local manufacturers, has been taken, with the ban on importation of bagged cement.
The President approved the decision, in line with the National Industrial Policy.
Reps to probe CBN over sack of bank chiefs – The Guardian
October 21, 2009 by tim · Comments Off
The hurricane sweeping through the nation’s banking sector may linger more as the House of Representatives yesterday mandated a panel to carry out a thorough investigation of alleged corruption in the Central Bank of Nigeria (CBN) and the N620 billion bail-out provided by the apex bank for some of the banks with non-performing loans.
PDP: We Must Win Lagos, Kano in 2011 – Thisday
October 21, 2009 by tim · Comments Off
With its eyes set on expanding its political influence, the ruling Peoples Democratic Party (PDP) has listed Lagos and Kano as two must-win states in the 2011 elections.
This comes as former Head of State, General Muhammadu Buhari, former Vice-President, Alhaji Atiku Abubakar, former Governor of Sokoto State, Alhaji Attahiru Bafarawa, and 20 other Northern politicians signed an article of association to float a political organisation named the National Democratic Movement (NDM).
