ONDO State government weekend said that it will be involved in the burial ceremony of the human rights activist, Chief Gani Fawehinmi who died on Saturday just as his residence in Ondo town has witnessed both low and high personalities in the country.

Shareholders’ groups across the country and financial experts have described the ongoing move by the Central Bank of Nigeria (CBN) to sell the five troubled banks out rightly to foreign investors as a step into illegality. The CBN they averred has no right under the law to sell any bank in the country.

By Prince Osuagwu LAGOS – The much awaited Glo submarine cable system Glo 1, weekend, made a historic landing in Alfa Beach, Lagos, Nigeria. The landing is expected to mark the beginning of cheap bandwidth which in itself would translate into many possibilities in the Information and Communications sector of the Nigerian economy. The project […]

By  Olasunkanmi Akoni The Action Congress (AC) has described the much-touted federal government’s amnesty deal for Niger Delta militants as a PDP agenda aimed at giving the party a head start in the 2011 elections, instead of bringing peace to the restive oil region. The National Publicity Secretary of the party, Alhaji Lai Mohammed, said: […]

Fresh doubt as to the real intention of the Central Bank emerged weekend as stakeholders in the five troubled banks raised the alarm that a new set of examiners and auditors were sent to the banks raising new worries that the annual reports of these banks which may be released any time from now by the new management in place in these banks will raise the level of non-performing loans which will eventually erode share capital of the affected banks.