FG approves N701bn payment guarantee for GenCos, raises hope on power delivery
The Federal Executive Council (FEC) on Wednesday approved a payment guarantee assurance by the CBN for power generating companies (GENCOS) to solve liquidity problems in the energy sector and avert…
Troops arrest 8 foreigners, 7898 others in anti-terror swoop
Nigerian troops have continued to consolidate the peace. This brief, therefore, will touch on some of the operations and other related issues. Details of the operation given by Major Generl…
Why we arrested Peace Corps leader, 46 members – Police
The Nigeria Police Force said on Wednesday that it arrested Mr Dickson Akor, the “national commandant” and 46 members of the Peace Corps of Nigeria in Abuja on February 28….
$1.6b Malabu oil block: No Fraud Was Committed, says Eni
The Board of Directors of Eni (Nigeria Agip Exploration Limited) Wednesday said the transactions which resulted in the auctioning of $1,616,690,656.78 Malabu oil block were not fraudulent. The oil firm…
Reps to probe CBN, Finance Ministry over unremitted N18.1bn BoA capital shares
The House of Representatives says it will investigate the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance over unpaid capital shares to the Bank of Agriculture (BoA)….
INEC Director to face trial for alleged N16m Diezani bribe
Mr. Gogo Anderson Waribo, a Deputy Director of the Independent Electoral Commission, INEC in Akwa Ibom State, and former Electoral Officer in Rivers State will soon be docked for bribery,…
Obamas outshine Trump on twitter on news of $60m books deal with Penguin
BARACK Obama and wife Michelle have signed a megabucks £48million ($60m) deal to reveal all about their time in the White House. The vast sum is SIX TIMES more than…
PDP to adopt political solution to resolve crisis
The Peoples Democratic Party, PDP, Governors’ Forum said it had resolved to adopt political, rather than legal approach, to seek lasting solution to the party’s leadership crisis. The Chairman of…
Xenophobia: Ekweremadu leads 7-man Senate team to South Africa
As a response to the killings of Nigerians and strident calls for government intervention, the Senate Wednesday resolved to send a seven-man team to South Africa to probe the xenophobic…
Sen. Dahiru seeks Tambuwal removal, faults APC primary, Court to Rule on Amendment to the Bid March 10, 2017
The Federal High Court in Abuja will on March 10 give ruling on whether to allow or refuse an application seeking to amend an originating summon pleading for the removal…