News

Sokoto’s ₦1.7bn NYSC camp rehabilitation hits 80% completion

Sokoto’s ₦1.7bn NYSC camp rehabilitation hits 80% completion

By Musa Ubandawaki, Sokoto SOKOTO — The rehabilitation of the National Youth Service Corps (NYSC) Orientation Camp in Wamakko, Sokoto State, has reached 80 per cent completion, with the project expected to improve the welfare and experience of corps members posted to the state. The project, awarded by the Sokoto State Government to SBG Enterprises […]
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Mongonu is new chief of defence intelligence

Mongonu is new chief of defence intelligence

While introducing the new CDI to staff and officers of the agency, General Sa’id urged them to give the same maximum support he enjoyed from them to General Mongonu pointing out that the hard work staff of the agency did during the Jos crises and the ongoing Niger Delta crises is well appreciated by government. He advised them against grumbling and gossiping positing that ‘great minds discuss ideas.

Gunmen kidnap Oil palm company MD  in Ondo

Gunmen kidnap Oil palm company MD in Ondo

By Dayo Johnson Akure – FIVE gun trotting kidnappers on yesterday stormed the Ore/Irele Oil Palm Company in Ondo State and took away its Managing Director Mr Richard Awofisayo. Vanguard gathered that the kidnappers who were armed to the teeth invaded the company situated along Irele road in a Nissan vehicle and whisked away Awofisayo. […]

No going back on Waterfront demolition- Amaechi

No going back on Waterfront demolition- Amaechi

BY JIMITOTA ONOYUME PORT HARCOURT – GOVERNOR Chibuike Rotimi Amaechi  has vowed not to go back on the demolition of water fronts in the state capital. The governor who reiterated government position on the issue that water fronts would give way for proper development said his administration was determined to create a habitable and decent […]

52-year-old HIV positive teacher rapes 12-year-old student

52-year-old HIV positive teacher rapes 12-year-old student

BY PETER DURU MAKURDI-Emotions ran high in  Otukpo, Benue State  in the week, when a 52 year old HIV positive teacher (name withheld) simply went  berserk  and allegedly took advantage of his 12 year old female student and raped her. The rather unfortunate incident occurred at Wesley High School, a missionary secondary school located in […]

CBN re-introduces Dutch Auction System

CBN re-introduces Dutch Auction System

In the circular dated July 8, 2009 entitled: “Revised Guidelines for the Operation of the Foreign Exchange Market: Wholesale Dutch Auction System” the apex bank said “further to the circular Ref: TED/FEM/FPC/GEN/01/088 of May 22, 2009 on the above subject, the Central Bank of Nigeria hereby re-introduces the Wholesale Dutch Auction System (WDAS) with effect from Monday 13th July, 2009. This is in a bid to stimulate activities in the inter-bank and stabilize the Foreign Exchange Market.