News

Post-Amnesty: Yar‘Adua Proposes N352.3bn Budget

President Umaru Musa Yar’Adua yesterday sought the endorsement of the National Assembly for a N352.2 billion supplementary appropriation to enable the Federal Government address emerging challenges of the post-amnesty period in the Niger Delta region. The supplementary budget was received … read more

Kidnappers free Soludo’s father

Kidnappers released the father of former Central bank governor Charles Soludo a few hours ago according to reliable sources. Pa Simon Soludo, 79, was kidnapped by gun men from his country home in Isoufia village in Anambra State last week. … read more

We regret accepting amnesty – Militants

FORMER militants are beginning to doubt the sincerity of the Federal Government over the amnesty which they accepted 30 days ago, as their leaders expressed regret before the Presidential Amnesty Committee led by the Minister of Defence, Major General Godwin … read more

Cash crackdown in banks

Nigeria’s central bank has ordered the country’s banking sector to report suspicious cash transactions from people involved in politics. The move is part of sweeping reforms made by central bank governor Lamido Sanusi to try and stop corruption. Mr Sanusi … read more

Bodies recovered after river tragedy

The death toll from last week’s boat accident on a river bordering Benin and Nigeria has risen to 50, most of them being Beninese primary school pupils, a local Red Cross official said on Monday. Thirty-five other passengers were rescued … read more

Petrol Sells At N150 Per Litre In Abuja

As the Federal Government fails to firm up its position on its proposed deregulation of the petroleum downstream sector, the price of petrol now sells for =N=150/litre on the streets of Abuja. The confusion over government’s position caused petroleum marketers … read more

Over 1 bln dlrs recovered from bad bank debtors

Nigeria’s anti-graft police on Monday said they have recovered more than 171 billion naira (1.1 billion dollars) from bad debtors of banks whose chiefs were recently sacked for maladministration. Femi Babafemi of the Economic and Financial Crime Commission (EFCC) told … read more