NEWS

Egypt edge the Super Eagles in friendly

Egypt edge the Super Eagles in friendly

Nigeria lost 3-2 to Egypt in an international friendly match played in Dubai, the United Arab Emirates on Thursday evening. The Super Eagles scored through Sunday Mba and Kalu Uche while the Pharaohs got their goals thanks to Ahmed Temsah, Mohammed Aboutreika and Ahmed Hassan Mekki. The two teams played the match as part of […]

North Korea rocket launch fails

North Korea rocket launch fails

North Korea’s keenly watched rocket launch has failed, Pyongyang has confirmed. The rocket – seen by many as a banned test of long-range missile technology – was launched from north-west North Korea early on Friday. The US, Japan and South Korea say it flew only for a short time before breaking up and crashing into […]

Boko Haram threatens Nigeria in new video

Boko Haram threatens Nigeria in new video

The leader of a radical Islamist sect in Nigeria has challenged the nation’s president, saying he could never destroy the group blamed for hundreds of killings this year alone, according to an online video posted Thursday. The video featuring Imam Abubakar Shekau came as authorities blamed gunmen from the sect known as Boko Haram for […]

First Bank staff fingered N110million pension scam

First Bank staff fingered N110million pension scam

The theft of a total sum of N110 million pensioners’ money by three workers at the Accounts Department of the Federal Civil Service Commission (FCSC) occurred with the connivance of some First Bank of Nigeria Plc staffers, according to emerging revelations. In a statement to the EFCC, the Bank’s business Development Manager, Ibrahim el-Rufai, admitted […]

Pension probe: Assembly rejects bribery allegation

Pension probe: Assembly rejects bribery allegation

Still reeling from the allegations that its members benefited from the looting of pension funds, the National Assembly has defended its joint committee investigating the mismanagement of pension funds, describing allegations of involvement as calculated to derail its work. The Senate, which responded to recent reports that some of the chief suspects in the ongoing […]

Fed Gov, States, LGs share N620bn in February

Fed Gov, States, LGs share N620bn in February

The Federal Government and the other two tiers of government will share N620.738 billion for the month of February. A meeting of the Federation Account Allocation Committee (FAAC) meeting, which dragged on into the night ended with confirmation that the federal government would receive N260.187billion, the states N131.970billion and local governments N101.744billion as statutory allocations […]

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 […]

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 […]