2:38 am - Wednesday July 23, 2014

CBN Retains Monetary Policy Rate at 12%

Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 12 per cent with a corridor of +/-200 basis points around the midpoint.  It also retained the liquidity ratio at 30 per cent and the public sector Cash Reserve Requirement (CRR) at 75.0 per cent, while leaving the... read more »


Emotion as Jonathan Meets Chibok Girls, Vows to Rescue Others

President Goodluck Jonathan  Tuesday met with parents of the girls abducted from the Government Secondary School, Chibok, Borno State, on April 14 by Boko Haram insurgents. The meeting however turned into an emotional moment in history as some of the parents and girls fought back tears inside the... read more »

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Apple Posts $7.7 billion Profit in Fiscal Q3

For Apple, the iPhone continues to be the gadget that makes the company tick. Sales for the handset grew even in a time of year when smartphone sales are expected to be slow. Apple, based in Cupertino, Calif., reported on Tuesday a profit of $7.7 billion in the fiscal third quarter that ended June... read more »


Police Arrest NSCDC Officer Over Murder of Islamic Scholar

A member of the Nigeria Security and Civil Defence Corps (NSCDC), Assistant-Inspector Lasisi  Kabir Iyanda, has been arrested and detained in Police custody over the brutal murder of one Kammaldeen Murtala. The incident, according a press statement by the Force Public Relations Officer (FPRO)... read more »

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Bloody Sunday as 13 Israeli, 70 Palestinians Killed in Gun Battle

Seventy Palestinians were killed Sunday in a heavy bombardment of a Gaza neighborhood and 13 Israeli soldiers were slain in the most intense day of fighting in Israel’s current offensive against Hamas fighters, officials said. The Hamas military also announced that... read more »


N9 billion NFF Fund: Sports Minister Under Pressure to Probe Maigari

The Minister of Sports, Tammy Danagogo, is under intense pressure to urgently institute a probe into the finances of the Aminu Maigari-led Nigeria Football Federation board, officials of the ministry told our reporter The Sports Minister’s office has been inundated... read more »


APC is the face of Boko Haram, Says ex-Kremlin Advisor

Alexander Nekrassov, a former Senior Advisor to the Kremlin and an internationally renowned political commentator, has described the Nigerian opposition, the All Progressives Alliance, APC, and its leadership as “Muslim extremists”, citing concerns within Russia... read more »


US Sees Evidence Linking Russia to Malaysia Jet Downing

The United States government has concluded that the passenger jet felled over Ukraine was shot down by a Russian-made surface-to-air missile launched from rebel-held territory and most likely provided by Russia to pro-Moscow separatists, according to a report by New... read more »


Corruption: How China Hurts Africa Economy

From Nigeria to  Uganda and Kenya, Chinese companies are hurting Africa economy through a culture of bribery and corruption that have seen them salt away millions of dollars proceeds from inflated contracts sums and other untoward deals that border on sleaze and... read more »


UK Prosecutor Reviews Alleged Link Between UK Aid and Jailed Ibori

Britain’s leading fraud prosecutor is evaluating material alleging UK aid might have been channeled to companies linked to James Ibori, a jailed Nigerian former oil state governor, a top government lawyer told Reuters Wednesday. “As part of that review, it... read more »


Nyako’s German Business Associate Kidnapped

Barely 48 hour after the impeachment of Murtala Nyako of Adamawa State, gunmen riding on motorcycles, Wednesday morning, abducted a German in Gombi town of Adamawa State, a senior Police officer serving in the State command has revealed. Adamawa is one of three states... read more »


Boko Haram Killed 2,053 Nigerian Civilians in Six Months, 95 Attacks

The Islamist extremist group, Boko Haram, has killed at least 2,053 civilians in Nigeria in an estimated 95 attacks during the first half of 2014, a report by Human Rights Watch has claimed. The figures according to the report are based on detailed analyses of media... read more »


Drama as Nyako is Sacked, Speaker Sworn in, More APC Govs May Go

The Nigeria political landscape Tuesday added yet another dramatic scene to its exciting script with the impeachment of Murtala Nyako, the embattled governor of Adamawa State. Hours after he was removed by 18 members of the 24-member State Assembly, the Speaker of the... read more »


Nyanya Bomb Mastermind, Ogwuche, Extradited

Aminu Sadiq Ogwuche, the co-mastermind of the Nyanya blasts is now in Nigeria to face the full wrath of the law. This followed the conclusion of tortuous legal and diplomatic processes between Nigeria and the Republic of Sudan. The co-mastermind of the Nyanya Motor... read more »

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