Offshore gas facility:Power reform: ‘World Bank’s guarantee is no subsidy’
The Presidency has explained that the Partial Risk Guarantee, PRG, being offered by the World Bank, for power financing is not another type of subsidy, but a facility that will ensure continued investment in the power sector, particularly with regard to generation in line with the ongoing reform of the power sector.
FG approves N51.6bn to pay NITEL/M-TEL workers’ salary arrears
THE Federal Government has approved N51.6 billion for the settlement of 30 months salary arrears and exit package due to permanent and casual staff of the embattled Nigeria TeleCommunication Limited, NITEL and its GSM arm, M-tel, raising hope of an early resolution of the wage crisis facing the national outfits.
2011: Ribadu picks ACN card today
Former chairman of the Economic and Financial Crimes Commission, EFCC, and presidential hopeful of Action Congress of Nigeria, ACN, Mallam Nuhu Ribadu, will pick up the party’s card today in Yola, the capital of Adamawa State.
PDP Northern aspirants are Nigerians aspiring for presidency – IBB
Former Head of State, Ibrahim Babangida, said yesterday, that he and other presidential aspirants of Peoples Democratic Party, PDP, from the North should not be seen as Northern candidates, but as Nigerians aspiring for the nation’s presidency.
Bomb threat: Put security on alert, ACN urges FG
The Action Congress of Nigeria, ACN, has stressed the need for Federal Government to put the security agencies on alert to prevent a recurrence of the unfortunate incident of October 1st bomb blasts in Abuja in which 12 people were confirmed dead.
Privatization: We ‘ll not succumb to intimidation, PHCN workers tell FG
The National Union of Electricity Employees, NUEE, has warned that it will not succumb to alleged intimidation from government and its agents over the union’s resistance to the privatization of the Power Holding Company of Nigeria, PHCN.
Revealed!47 MFBs were recommended for license revocation
The joint examination of the Central Bank of Nigeria (CBN) and the Nigeria Insurance Corporation (NDIC) on microfinance banks recommended the revocation of the licenses of just 47 banks.
FIFA probes Adamu over bribery scandal
FOLLOWING allegations of bribery against two of its executive members, the world football governing body, FIFA, may have suspended indefinitely, the final vote on the 2018/2022 World Cup bids.
Ekiti: CNPP calls for prosecution of Akunyili, Iwu, Okiro, others
AS new Ekiti State governor, Dr. Kayode Fayemi assumed office after his victory at the Appeal Court, the opposition political parties yesterday called for prosecution of Information and Communications Minister, Prof Dora Akunyili, former INEC Chairman, Professor Maurice Iwu, former Inspector General of Police, Mr. Mike Okiro and erstwhile Ekiti State Resident Electoral Commissioner, Mrs. Ayoka Adebayo, over alleged electoral offences.
UBA restructures holdings
United Bank of Af-rica Plc, UBA, has adopted a holding company strategy to meet the regulatory requirement of the Central Bank of Nigeria, CBN, modified universal banking model.
Ladoja blames Oyo PDP crisis on Obasanjo
FORMER Governor of Oyo State, Senator Rashidi Ladoja, has said the recurring internal crises that have been threatening the survival of the Peoples Democratic Party, PDP, across the country would remain as long as former President, Chief Olusegun Obasanjo remains the Chairman of the party’s Board of Trustees.
