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Crashed Chopper was Brand New, Says IG

The ill-fated police chopper that crashed in Jos, Plateau State, on Tuesday morning was brand new, the acting Inspector General of Police (IG), Mr. M. D. Abubakar, said Thursday. Although he did not say he suspected sabotage, he maintained that the aircraft, being a new one, could not have develope
Updated 8 Years ago

GTBank Moves against Arisekola Alao over Debt

Guaranty Trust Bank Plc (GTBank) has asked Justice Okechukwu Okeke of the Federal High Court in Lagos to enter judgment against renowned businessman, Alhaji Abdul Azeez Arisekola-Alao following his alleged failure to file his statement of defence to its claim of N6.9 billion debt.
Updated 8 Years ago

Boko Haram: S’South Govs Condemn Link to Derivation

Governors of the South-south geopolitical zone rose from their one-day meeting in Calabar, Cross River State, Wednesday condemning their Northern counterparts for linking the insecurity in some parts of the country with the payment of the 13 per cent derivation fund to oil-producing states...
Updated 8 Years ago

'Tweaking memories' could help addicts avoid relapsing

Manipulating memories of drug use may help reformed addicts avoid a return to a life of drug abuse, according to scientists in China.
Updated 8 Years ago

PZ Cussons warns - crisis in Nigeria hurts business

British soap maker, PZ Cussons, warned it was likely to report disappointing full year profits, pointing to political upheaval in Nigeria, challenging trading conditions in Australia and high raw materials costs. Shares in the maker of Imperial Leather soap fell as much as 8.4 percent on Tuesday...
Updated 8 Years ago

Taiwo Completes QPR Switch

AC Milan defender Taye Taiwo has signed for London club Queens Park Rangers on loan, according to reports.
Updated 8 Years ago

Army Chief to Fed Govt: don’t negotiate with Boko Haram

The Federal Government must not negotiate with the Boko Haram sect to end the spate of bombings in the country, the Chief of Army Staff, Lt.-Gen. Azubuike Ihejirika, has warned. The Army Chief noted that dialogue cannot be an effective antidote to the terrorism the sect ..........
Updated 8 Years ago

Jonathan set to drop IG Ringim, DIGs

THE President seemed set yesterday to tell police chief Hafiz Ringim: time is up. Baring a last-minute change of mind, Dr Goodluck Jonathan will ask Inspector-General Hafiz Ringim and all the Deputy Inspectors-General of Police to go.
Updated 8 Years ago

NNPC, NLNG, ExxonMobil seek $4bn loan for expansion

The Nigerian Liquefied Natural Gas company (NLNG) is receiving proposals for a $1 billion syndicated loan that will enable it purchase new LNG tankers. ExxonMobil and NNPC’s $1.5 billion loan to back the development of offshore oil fields is expected to close by the end of this month, while negot
Updated 8 Years ago

CBN: Fuel Subsidy Gulped N1.73tr Last Year

The actual bill for fuel subsidy in 2011 was N1.73 trillion, the Central Bank of Nigeria (CBN) said Tuesday. Various figures had been claimed by government officials, ranging from N1.3 trillion to N1.5 trillion as against the N245 billion provided for in the 2011 Appropriation Act.
Updated 8 Years ago

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