CBN retains MPR at 12% … Expresses concern over domestic debts

CBN retains MPR at 12% … Expresses concern over domestic debts

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday unanimously decided to retain the Monetary Policy Rate (MPR) at 12.0 per cent with interest rate corridor of +/- 200 basis points. The clear impact of previous tightening on the rate of inflation and exchange rates up to February 2012 were considered […]

Two killed in bank robbery

Two killed in bank robbery

OFFA: The peaceful and serene atmosphere of the city of Offa was Wednesday turned into a scene of mourning as robbers stormed the premises of three banks, leaving two persons dead. Eye witness reports stated that the incident occurred at about 12.45 p.m. when the dare-devil robbers raided the banks, shooting sporadically into the air […]

Alcohol abuse linked with rise in deaths from liver disease

Alcohol abuse linked with rise in deaths from liver disease

Heavy drinking is a major cause of a 25% increase in deaths from liver disease in England in under a decade, according to the British government’s specialist NHS unit on terminal care. The first report from the fledgling National End of Life Care Intelligence Network warns that the victims of liver disease are getting younger, […]

Anger over 'failures' Toulouse shootings

Anger over 'failures' Toulouse shootings

France is facing calls for an inquiry into possible intelligence failures after a series of murders by a gunman in the south of the country. Mohammed Merah – who claimed to have al-Qaeda training – was killed by a police sniper in Toulouse on Thursday. It has now emerged that he had been under surveillance […]

Condemnation for Mali coup leaders

Condemnation for Mali coup leaders

There has been widespread condemnation of Mali’s troops, after they ousted President Amadou Toumani Toure. The United Nations Security Council called for the “immediate restoration of constitutional rule and the democratically elected government”. The World Bank and African Development Bank said they were suspending all aid until the crisis is resolved. The coup leaders went […]

American soldier faces murder charges over Afghan massacre

American soldier faces murder charges over Afghan massacre

An American soldier suspected of killing civilians in Afghanistan may today be charged with 17 counts of murder, emerging information from United States officials has shown. He could face the death penalty if convicted. Staff Sgt Robert Bales is accused of attacking the villagers in their homes in Kandahar province on 11 March. Most victims […]

SEC Compromised, DG Oteh Admits Hiring Access Bank Top Staffers

SEC Compromised, DG Oteh Admits Hiring Access Bank Top Staffers

…. Says Access Bank Pays Salaries Of Staffers Hired By SEC Who Occupy Strategic Positions. ABUJA, March 14, (THEWILL) – The Director General of the Securities and Exchange Commission (SEC), Arunmah Oteh admitted under oath Wednesday afternoon before the House Committee on the Capital Market that two Access Bank Plc staffers who are currently occupying […]

Oil Spill: Senate to deal with reckless oil operators

Oil Spill: Senate to deal with reckless oil operators

The Senate has threatened to ensure adequete punishement for futur oil spills in the contry. Chairman, Senate Committee on Environment and Ecology, Senator Bukola Saraki, said the Upper Chamber would deal with any reckless oil operator whose action leads to oil spill. He made the declaration at a two day consultative forum for select members […]

Supreme Court orders Gov. Yuguda to pay ex-deputy N215

Supreme Court orders Gov. Yuguda to pay ex-deputy N215

The Supreme Court yesterday struck out the appeal filed by Bauchi state governor, Isa Yuguda and 15 others against the judgement of the Court of Appeal, Jos, which directed them to pay former deputy governor, Garba Mohammad Gadi all his entitlement. Justice Haruna Tsammani of the Bauchi Federal High Court had on June 25, 2010 […]

MDAs ordered to hook up to NigComSat- 1. Jonathan: NigComSat 2 and 3 underway

MDAs ordered to hook up to NigComSat- 1. Jonathan: NigComSat 2 and 3 underway

Nigeria formally took delivery of its communication satellite, NigComSat-1R, yesterday with President Goodluck Jonathan advising all Ministries Department and Agencies (MDAs) to take advantage of the new technology to quicken and expedite governance to the benefits of Nigerians. Jonathan also allayed the fears of existing and potential customers that there is nothing to worry about […]