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Officials: U.S. troops have fired from base inside Afghanistan at Pakistan 4 times

U.S. troops have fired into Pakistani territory at least four times in the last 10 months in cross-border skirmishes that they say are in response to shelling from inside Pakistan, CNN has learned.
Updated 8 Years ago

Govs, ministers’ firms involved in subsidy scam — Rep

A member of the House of Representatives Ad Hoc Committee on Subsidy Management, Dr. Ali Ahmad, has alleged that companies owned by past and serving governors, ministers and top politicians were involved in the fuel subsidy scam.
Updated 8 Years ago

We’ve no powers to stop crime in N-Delta – Amnesty Office

Presidential Amnesty Office, said, weekend, that it had neither the powers nor competences to stop the crime being committed in the Niger Delta or stop any person who willfully decides to commit crime in the region.
Updated 8 Years ago

Govs meet on N304bn deductions by FG

THE 36 state governors under the aegis of the Nigeria Governors’ Forum, NGF, will today meet in Abuja to deliberate on the lingering problem of heavy deductions by the Federal Government from the Federation Account in the name of fuel subsidy.
Updated 8 Years ago

Notore, Mitsubishi Sign Joint Venture for New Fertiliser Plant

Notore Chemical Industries Limited, owners of the only urea fertiliser plant in sub-Saharan Africa, weekend signed a Joint Venture agreement with Mitsubishi Corporation at Mitsubishi’s corporate headquarters in Tokyo, Japan to develop an ammonia, urea and other petrochemicals projects.
Updated 8 Years ago

FG orders 24-hour ports operations

Concerned by the increasing cost of doing business in Nigeria, President Goodluck Jonathan has ordered 24 hours operations at the Nigerian ports in a bid to reduce the number of days for clearing goods as well as make the ports more competitive.
Updated 8 Years ago

CBN: FG Generated N1.008trn in January

The federally collected revenue increased by 11.7 per cent to N1.008 trillion in January this year as against the N890.097 billion realised in December last year, the Central Bank of Nigeria (CBN) has said.
Updated 8 Years ago

2012 Fuel Subsidy Bill Set to Hit N1tr

The rise in the price of crude oil may force the Federal Government to review its provision for fuel subsidy in the 2012 budget
Updated 8 Years ago

New Trading Platform May Cost NSE N1.4bn

The new trading system, NASDAQ X-Stream to be acquired by the Nigerian Stock Exchange (NSE) from the multinational financial services powerhouse, NASDAQ OMX, may cost the exchange about N1.4 billion
Updated 8 Years ago

Banks seek safety in Treasury Bills instead of lending

Nigerian banks which are increasingly turning away from lending to their customers are finding an escape route in Federeal Government’s bonds while the economy suffocates from lack of credit.
Updated 8 Years ago

 

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