The Federal Government has borrowed a total of $4.4 billion in external loans in the past seven years. Of this amount, which was approved by the World Bank, only $1.8 billion has been disbursed while the balance continues to attract a service charge.
Updated 7 Years ago

Multiple award winning singer, Dapo Oyebanji otherwise known as D’Banj and his former partner, Michael Collins mostly known as Don Jazzy crossed paths at the most attended show of the year, Rhythm Unplugged staged at the Expo hall of Eko Hotel and Suites, Victoria Island- Lagos last Sunday. Expectedly the feuding duo became the cynosure of all eyes as fans gazed at these two heavy weights. They were both seated at the VVIP section of the show, but not close enough to each other and never bothered to reach out to the other to exchange pleasantries.
Updated 7 Years ago

Enugu State Governor, Mr. Sullivan Chime, who has been away from the state for about four months may return to the country by the middle of January, it was learnt Sunday.
Updated 7 Years ago

Few days after a major artery in its pipeline networks located at Ije-Ododo, Amuwo-Odofin area of Lagos was vandalised and resulted into a fire outbreak, the Nigerian National Petroleum Corporation (NNPC) has announced the comprehensive restoration of the pipeline to normalcy.
Updated 7 Years ago

New Years day is the most meaninglessly meaningful day of the year. Up until the 1600’s January 1st was not the official New Year even in England. For all of those who point to signs in the sky and a divine meaning for the 1st day of the year sorry to say there is nothing there. In China the New Year can fall anywhere between January 21st and February 21st. The Tibetan New Year falls between January and March, even in Christianity at one point the New Year was set at March 25th. The Malayali people of India, Iranians, Punjabis, Aztecs, the French, and Ancient Nigerian/African traditions all celebrated New Years eve at a day other than Jan 1st.
Updated 7 Years ago

Chelsea midfielder John Obi Mikel is backing Nigeria coach Stephen Keshi to make history by winning the 2013 Africa Cup of Nations as a coach after he won it in 1994 as a player. Mikel has maintained that with good preparation and determination by the players, the Super Eagles could be crowned African champions in South Africa for a third time. However, he has not ruled out a few shocks at the tournament in South Africa, tipping defending champions Zambia and West African islanders from Cape Verde, who knocked out four-time champions Cameroon, to cause a few upsets.
Updated 7 Years ago

The House of Representatives Committee on Public Petitions Thursday threatened to issue warrants of arrest on the Group Managing Director of Access Bank Plc, Mr. Aigboje Aig-Imokhuede and the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, over their continued refusal to appear before the committee to assist in resolving the dispute between Capital Oil Plc and Coscharis Motors Limited.
Updated 7 Years ago

In a mega deal that would shock both friends and competitors, D’banj has signed a distribution pact with UK giant music label, Sony Music Entertainment’s RCA Africa label; one of the flagship labels under Sony Music Entertainment. The mouth watering deal we are told also takes on his younger brother; K Switch who now enjoys a multi-album, worldwide exclusive contract with RCA.
Updated 7 Years ago

Jonah Otunla, Accountant General of the Federation (AGF), on Thursday rated Central Bank of Nigeria (CBN) as the highest revenue generating agency of the Federal Government for the year 2012 with N114.2 billion paid as operating surplus into the consolidated account as at November 2012.
Updated 7 Years ago

As security agents intensify the search for Prof. Kamene Okonjo, the abducted mother of the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, hope for a clue on her whereabouts rose yesterday with the arrest of more suspects.
Updated 7 Years ago