African Institute for Applied Economics (AIAE) has challenged government at various levels to adhere to the contents of the Fiscal Responsibility Act 2007 (FRA) in order to get rid of the corruption which has eaten deep into the fabric of the nation’s economy life.

The Honourable Minister of state for Finance, Mr. Remi Babalola, has disclosed that the Federal Government, in its new initiative to boost the economy, will issue tax rebate and funding to micro, small and medium enterprises in the country. This is in a bid to generate employment for the teeming masses in the country.

Nigeria Maritime Administration and Safety Agency (NIMASA) has chosen Fidelity, Skye, Diamond and Equitorial Trust Banks for the disbursement of the Cabotage Vessel Financing Fund (CVFF).

The African Development Bank (AfDB) has committed a senior Loan of $50 million under the AfDB’s Emergency Liquidity Facility (ELF) to Zenith Bank Plc.

Union Bank of Nigeria, Plc, has filed a winding-up petition against the Tinapa Business Resort Ltd before a Federal High Court sitting in Calabar over alleged outstanding debts of N12. 5 billion owed the bank.

Buoyed by gains on the share prices of blue chip companies and listing of Equity Assurance Plc and Ecobank Transnational Incorporated’s (ETI) shares, the value of listed equities on the Nigerian stock Exchange (NSE) appreciated further, Wednesday, by N36.71 billion.

Following new attacks allegedly perpetrated by Fulani herdsmen in the Riyom area of Jos, at about 1. 30am Wednesday in which 11 persons were said to have been killed, the Police High Command has deployed an Assistant Inspector General of Police to oversee security operations in the state with immediate effect. He is AIG Donald Onyinye Iroham.

BENIN—Edo State First Lady, Mrs. Clara Oshiomhole, has sent her condolences to the government and people of Plateau State over the recent incident in Jos in which innocent women and children were murdered by a band of Fulani herdsmen. In a statement issued by Mr. Ernest Omoarelojie, her press secretary, Mrs. Oshiomhole described as worrisome […]

*Senate to split CBN
*Gaddafi is a mad man – Mark

Forceful Youths, a Niger Delta pressure group, has lambasted the Movement for the Emancipation of the Niger Delta, MEND, for the bomb explosion which rocked  Government House Annexe, Warri, Delta State, venue of the Post-Amnesty Dialogue midwifed by Vanguard Newspapers.  The indictment was contained in a release signed by the President,  Oritsewinor Olu, and others, […]

By Festus Ahon UGHELLI—DEPUTY Speaker of Delta State House of Assembly, Mr. Basil Ganagana, has threatened to recommend the contractor handling the second phase of the multi-million naira Bulu-Angiama road project in Patani Local Government Area for appropriate sanctions if it failed to step up the level of work to ensure the completion of the […]

By Austin Ogwuda ASABA—DELTA State Commissioner for Agriculture, Dr. Tony Nwaka, has led officials of his ministry to Obasanjo Farms in Ogun State for a facility tour of the farms and discussion on the prospects of establishing Obasanjo farms in the state. Nwaka told Vanguard in Asaba, weekend that the visit to the farm was […]

By John Ighodaro CALABAR—No fewer than 310 houses have been destroyed in a windstorm disaster in the Abi Local Government Area of Cross River State, even as 600 persons were rendered homeless. Among the casualties were school buildings,  hospitals, markets and other public and private buildings. Most of the victims rendered homeless are primary school […]

WHEN the rain poured in torrents in most parts of Lagos State last Tuesday evening, many Lagosians sighed with relief. They relished the fact that it came with a refreshing coolness after they have had to endure a spell of unusually hot weather. But for most residents of Debo Bashorun Street, a stone throw from the popular Faseun Road, near Century Bus-stop, Okota, the last thing they wish for now is another rainfall.

ABIA State Governor, Chief Theodore Orji, weekend, inaugurated an 11-man board members for the newly established Abia State Oil Producing Areas Development Commission, ASOPADEC, an action that has raised the expectations that oil-producing communities in the state would now have a face-lift.