"The General opinion is that in mordern times no nation can develop without power. Not just any power. We are talking about power supply 24 hours every single day of the year. This feat has eluded Nigeria for some time. It has not been a question of wether the nation can afford it, but wether the Nigerian government can commit itself to such a simple feat."
Top leadership caucus of the Peoples Democratic Party (PDP) was reported to have commenced moves to upstage percieved arrangements by former President Olusegun Obasanjo to continue to wield influence on the government of President Umar Musa Yar Adua.
It looks like President Yar'Adua would like to release Asari Dokubo, the detained leader of the Niger Delta Volunteer force. He needs a damn good excuse to do that though. How about release, on health grounds.The President is said to be considering the release of the detained militant leader because of his deteriorating health.
In a statement released by the World Bank monday, the G-8 nations were faulted for failing to keep their pledge of doubling of aid for Africa and new opportunities for African exports.
The Chairman of the Independent National Electoral Commission (INEC), Professor Maurice Iwu who is facing possible prison sentence for flouting court orders was yesterday, through his counsel, Kanu Agabi, pleaded with the tribunal to give him more time to sort himself out before file his brief to contest the contempt charges against him.
Source: Vanguard The indices for measuring performance of equities on the Nigerian Stock Exchange (NSE), the All-share index, hit an historic high last week as it crossed the 50,000 points mark. Specifically, the index, which opened at 48,328.26 points, appreciated by 5.1 per cent to close at an all time high of 50,773.80 points.
"Please note that MTN has implemented a rate increase in line with FG 10% VAT directive. Thank you." That's the message you get when you check your balance if you're an MTN subscriber. Several private sector operators have commenced the implementation of the recent increase in Value Added Tax (VAT) from 5 to 10 per cent, leading to adjustments in the prices of goods and services they offer. Those who have not implemented have served notice to their customers.
Gunmen kidnapped six Russian workers of an aluminum-smelting plant in Nigeria's lawless southern oil-producing region Sunday, blowing up their homes before taking them away, a company official said.
Former Federal Capital Territory (FCT) minister, Nasir el-Rufai has moved into one of the ex-vice president Atiku Abubakar’s official guest houses that he bought during the sale of Federal Government’s non-essential houses.
Presedents Yar'Adua's mother, Hajia Dada Habib Yar’Adua, led some family members to the private residence of the former President, Chief Olusegun Obasanjo, in Abeokuta, to pay him a thank you visit.
The appointment of Mike Okiro, former Deputy Inspector-General in charge of Works, was confirmed via a statement signed by Musa Aduwak, Senior Special Assistant, Media to the President.
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