Papa has a new bag of debts
Unfortunately, the National Assembly in its self-serving wisdom ignored this faux pas, and it is doubtful if the banks ever repaid this loan. Nigeria’s external debt stock has alarmingly continued its unrestrained spiral and now exceeds $10.3bn as at 30th June 2015, while the outstanding Domestic stock has also risen to N8.4 Trillion; furthermore, the debt stock of state governments has also risen above $10bn to make up a consolidated outstanding National debt of almost $64bn.
BVN: Investors exempted from extra charge for signature, biometric verification
Investors in the Nigerian capital market have been excluded from paying extra fee for biometric and signature verification in the process of keying into the automation of capital market activities. Mr. Niyi Ajao, Executive Director, Technology and Operations, Nigeria Inter –Bank Settlement System (NIBSS) disclosed to Vanguard that arrangements were reached by Central Bank of Nigeria, CBN , Securities and Exchange Commission SEC an NIBBS to ensure that investors do not incur extra charge as the market moves into full automation processes.
Lessons Buhari can learn from Obama about managing a tough economy
It is atypical for an American president to invite a nascent African head of state to the White House, especially less than one month after the latter’s inauguration. To some observers, therefore, US President Barack Obama’s invitation of his Nigerian counterpart, Muhammadu Buhari, for a White House parley scheduled for July 20 would seem to be an aberration and a surprise. But an analysis of both leaders’ circumstances suggests that such a meeting is a no-brainer.
Lagos PDP restates call for Fashola’s probe
Lagos – Following a huge debt burden of N418.2 billion left behind by former governor of Lagos State, Mr Babatunde Fashola, the Lagos State chapter of the Peoples Democratic Party, PDP, has restated its call on the state government to probe the Fashola administration.
No hiding place for criminals at Oshodi, others as Task Force strikes again
The on-going exercise by operatives of the Lagos State Special Task Force on Environmental and other Related Offences to rid Lagos of miscreants and other criminal elements, has led to the arrest of at least 93 suspects, including 23 teenagers, in Lagos, particularly at the popular Oshodi area of the State.
LP blames Nwanyanwu over hand over of certificate to NLC
The letter said, “We are to inform you that before now the Labour Party had reported to the Police that their certificate of registration is missing because Dan Nwanyanwu after leaving the party told the National Chairman of the party that the certificate of registration was missing. In the build up to political activities leading to the 2015 General Elections, Nwanyanwu, for reason very personal to him left the Labour Party and joined the presidential campaign team of President Goodluck Jonathan.
