‘Why FG cancelled agreement with Lufthansa’
Reasons emerged, weekend, why the Federal Government cancelled its agreement with the German airline, Lufthansa, under which the airline enjoyed free royalty payments for flights into the country.
Is governance about food and drinks?
Aso Rock, the seat of federal government,has become a fortress of all sorts. There, you have political power, position, influence and dishing out of largess to the favoured. One of the easiest ways of dishing out largess in Nigeria is through contract award. Food for instance can be supplied by anybody; so to help the girls who are close to the power that be, fruits and other food ingredients are supplied on contract.
NeFF set to aggregate statistics on electronic fraud
The Nigerian Electronic Fraud Forum, NeFF, has said that it is working on developing a data base that will accommodate statistics on electronic fraud, e-fraud, in the country, which will be ready before the end of 2013.
Nigeria sells N50bn 7-, 10-yr bonds, yields fall
Nigeria sold N50 billion worth of 7-year and 10-year sovereign bonds maturing in 2019 and 2022 at an auction, with yields falling more than 100 basis points on both. Nigeria sold N25 billion apiece in the 7-year and 10-year bond at 12.49 percent and 12.01 percent each, compared with 13.74 percent and 13.5 percent respectively at the last auction.
ALSCON sale: Rusal ignores S-Court ruling, dares FG
Effort by the Federal Government to comply with the Supreme Court ruling ceding the management of the Aluminium Smelter Company of Nigeria, ALSCON, in Ikot Abasi, Akwa Ibom State to its rightful buyers, BFIG Corporation, has been rebuffed by Rusal, the Russian Aluminium Company, that was sacked by the apex court.
UNILag medical hostel gutted by fire
Property worth million of naira were destroyed in a fire incident which gutted the male hostel of the college of medicine, University of Lagos Teaching Hospital, Idi-Araba.
Mortgage firm targets companies’ junior staff to meet housing needs
Kingdom Realties, one the operator in the Mortgage sector of the economy said it is out to help junior staff of companies across the country to meet their housing needs.
Many killed as suicide bombers hit military church in Jaji
Over 11 persons were feared dead, yesterday and several others seriously injured when a suicide bomber rammed into theSaint AndrewsProtestantChurch, inside the Army Cantonment, Jaji, inKaduna.
Poor financial management killing SMEs – Olakunri
A past President of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs Toyin Olakunri, has raised alarm that most Small and Medium Enterprises (SMEs) do no last long as a result of poor financial management, linked to lack of accountability.
NAICOM to sanction companies over IFRS
National Insurance Commission, NAICOM, has warned insurance companies to speedily adopt the International Financial Reporting Standard, IFRS, as the Commission will not tolerate companies’ financial statements that fail to meet the required standard going forward.
FG is committed to self-sufficiency in rice production by 2015, says Tijjani
The Minister of State for Agriculture and Rural Development, Dr Bukar Tijjani, has said that the Federal Government is committed to ensuring self-sufficiency in rice production by 2015. “It is only when that is ensured that there will be a total ban on the importation of rice. It has to be a gradual process,” he said in Sokoto. Tijjani made this known at the ministry’s meeting with stakeholders involved in special intervention on dry season paddy production.
