6% depositors own 94% in banks – NDIC report

Wealth distribution disparity, the gap between the rich and the poor, in the country has continued to widen as indicated in the 2010 annual report of the Nigeria Deposit Insurance Corporation, NDIC, which showed that a mere six per cent depositors owned a whopping 94 per cent of bank deposits last year.
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LG boss charges colleagues on dividends of democracy

Mr.Saheed Popoola of Action Congress of Nigeria, ACN, and Chairman of Offa Local Government Area in Kwara State has charged his colleagues across the country to deliver dividends of democracy to all and sundry and fulfill their campaign promises.

Strike paralyses govt activities in Plateau

Activities in Plateau State ministries, education and health institutions remain paralysed as the strike by the various workers union drags into the fourth week over the new minimum wage.

Enugu orders closure of 83 private schools

Enugu State Government, weekend, ordered the closure of 83 privately-owned secondary, primary and nursery schools in the state for failing to meet the minimum standard set for their operations.

Saraki tasks FG on awareness-campaign over fuel subsidy removal:

Former governor of Kwara State and Senator representing Kwara central senatorial district in the National Assembly, Senator Bukola Saraki, yesterday, urged the Federal Government to embark on public enlightenment campaigns among various sectors of the economy to educate Nigerians on the need for the removal of fuel subsidy from petroleum products in the country.

Court dismisses detention suit against Akpabio

A Federal High Court sitting in Abuja, has, absolved Akpabio of guilt in a case of alleged unlawful detention instituted against him by Senator John Akpanudoe-dehe, governorship candi-date of Action Congress of Nigeria, ACN, in the April gubernatorial election in Akwa Ibom State.

Netherlands govt, Shell to parley on N/Delta

FOLLOWING the outrage against Shell Petroleum Development Company, SPDC, weekend, at an international conference in Rotterdam, The Netherlands, over its harsh operations in the Niger Delta region of Nigeria, the Dutch Government has finally agreed to dialogue with the multinational oil company to amend its way.

6 die in Badagry road mishap

Six people were killed, yesterday, in Oko-Afo, in the Olorunda Local Council Development Area, near Badagry, Lagos State, when a Badagry-bound car driven by a Customs officer veered off the Lagos-Badagry Expressway.

INEC vs 5 govs: Reactions as S/Court’s defer hearing

Mixed reactions are trailing the decision of the Supreme Court to defer consideration in the appeal filed by the Independent National Electoral Commission, INEC, seeking to upturn the decisions by the lower courts that inevitably extended the tenure of office of five governors.

Fidelity receives Bankers Trophy

The Management and staff of Fidelity Bank Plc were excited to receive the overall champions trophy for the excellent showing of the bank’s contingent to this year’s edition of the Nigeria Bankers Games which ended on Sunday last week.

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