Oil rises above $72, after hitting 8-month high

Oil rises above $72, after hitting 8-month high

Oil prices rose above $72 a barrel on Tuesday, paring gains after earlier jumping more than 2 percent on unprecedented Asian trading volumes. Trades in Brent and then U.S. crude oil futures surged to more than 10 times the norm for the Asian time zone as prices leapt more than $1.50 The jump was led by a sudden spike in Brent buying pinned on fund positioning.
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Implementation, bane of  1999 Constitution—Mark

Implementation, bane of 1999 Constitution—Mark

Ominous cloud shadowed President Umaru Yar‘Adua’s electoral reform proposal yesterday when the Senate President, Chief David Mark, faulted the insincerity of the implementers of the 1999 Constitution.

ACAMB flays rating of Nigerian banks

ACAMB flays rating of Nigerian banks

The Association of Corporate Affairs Managers of Banks (ACAMB) has condemned in totality the publication by The Africa Report, a bi-monthly published by Paris-based Groupe Jeune Afrique which was quoted by The Punch, a Nigerian daily, classifying Nigerian banks into an unknown and unacceptable ratings.

BICC to transfer Oba Ovonrawmen’s remains to Benin

BICC to transfer Oba Ovonrawmen’s remains to Benin

“We are looking at reviving tourism in Edo state. We are actually looking at how we can set up a commission; we are also looking at how we can bring back the corpse of Oba Ovariamen to Benin and build a tourist industry around it.
“We have a total package that we will like to sit with the state Commissioner for Tourism to discuss,” Osawaru said.

Amnesty C’ttee, stakeholders meet in PH

Amnesty C’ttee, stakeholders meet in PH

He also assured that his committee would look at some of the critical issues raised at the forum for it to work with.
Earlier, founding president of the Ijaw Youth Council, Dr Felix Tuodolor expressed dissatisfaction with the composition of the committee which he said did not have enough Niger Deltans. He also said there were fears in the region that the committee had more of security operatives.

Diversion of N4trillion: S’Court suspends suits against FG

Diversion of N4trillion: S’Court suspends suits against FG

By Ise-Oluwa Ige ABUJA—The Supreme Court, yesterday, suspended, indefinitely, hearing in multiple lawsuits instituted by 20 state governments, challenging the Federal Government over what they called “illegal diversion” of huge sums of monies in excess of N4 trillion from the Federation Account. The decision of the Supreme Court followed a request by the governments of […]

FG, ASUU trade accusations

FG, ASUU trade accusations

By Emmanuel Aziken & Inalegwu Shaibu ABUJA—The Minister of Education, Dr Sam Egwu and the Academic Staff Union of Universities (ASUU) were yesterday accused themselves of deception over agreement between both parties and funding of universities. Egwu nevertheless, said government would give a definite pronouncement on the face-off with ASUU at the end of the […]

Katsina monarch defends Yar’Adua’s slow pace

Katsina monarch defends Yar’Adua’s slow pace

By Emeka Mamah KADUNA — The Emir of Katsina, Alhaji Dr Abdulmumini Kabir Usman, has defended the slow pace of President Umaru Yar’Adua’s administration, saying the President is not a miracle worker. Usman said the problems in the country were too complicated and multifaceted for Yar’Adua to solve in two years of his administration and […]

100 communities dislodged in JTF/militants war—Otuaro

100 communities dislodged in JTF/militants war—Otuaro

“Many of these people found their way to Warri, some fled to places like Benin and Sapele, while a number took up refuge in the bush and in neighbouring communities. This committee got an express mandate to, among other things, locate the displaced persons and provide necessary assistance to enable them settle down while stakeholders tackle issues surrounding the crisis.

MASSOB launches “Biafran Int’l Passport” to celebrate 10th anniversary

MASSOB launches “Biafran Int’l Passport” to celebrate 10th anniversary

By Chidi Nkwopara OWERRI—As part of programme to celebrate the 10 anniversary of the Movement for the Actualization of the Sovereign State of Biafra (MASSOB), the organisation has launched what it called “the Biafran International Passport”. Presenting the document to MASSOB loyalists, Tuesday morning,  at the Freedom House, Okwe, Onuimo Local Government Area of Imo […]

Flood, bad roads grind Lagos to a halt

Flood, bad roads grind Lagos to a halt

Meanwhile, some youths are making brisk business at the bus stops by ferrying people across the road on their backs through the flood for a fee. One of the lads told Vanguard that he gets enough to feed himself and help the family by directing vehicles away from the craters covered by the flood and ferrying people across the road on his back.

Intel, Nokia announce strategic partnership

Intel, Nokia announce strategic partnership

Further uniting the Internet with mobile phones and computers, Intel Corporation and Nokia have announced a long_term relationship to develop a new class of Intel Architecture_based mobile computing device and chipset architectures which will combine the performance of powerful computers with high_bandwidth mobile broadband communications and ubiquitous Internet connectivity.