NewsReports

There are indications that some banks are not making adequate provisions for bad and doubtful loans in their books as mandated by the Central Bank of Nigeria, CBN. This, it is feared, may trigger another systemic crisis in the banking sector if not checked. It will be recalled that it was as a result of huge non-performing loans in the …

The wife of a British taxi driver being held hostage by Islamic State (IS) has pleaded with the militants to “see it in their hearts” to release him. Alan Henning, from Eccles in Salford, was seized while on an aid mission to Syria last December. In a statement released via the Foreign Office, his wife Barbara said he had been …

Benin, Edo, Nigeria – Oladipo Airenakho. Buhari Friends Organization Network, a new political structure recently put in place in Nigeria to mobilize support for the presidential ambition of retired Nigeria’s Military Dictator, General Mumamadu Buhari has called on the leadership and members of the All Progressive Congress [APC] to adopt him as the party’s flag bearer in the 2015 election. …

President Francois Hollande: “The aim was to weaken the terrorists” French jets have carried out their first strikes against Islamic State (IS) militants in Iraq, the office of President Francois Hollande says. A statement said planes had attacked an IS depot in north-east Iraq, and there would be more raids in the coming days. The US has carried out more …

First Minister, Alex Salmond: “For me as leader my time is nearly over” Alex Salmond is to step down as Scottish first minister after voters rejected independence. He will also resign as leader of the Scottish National Party (SNP), which he has led for a total of 20 years. Scottish voters backed the country staying in the UK by 2,001,926 …

Abuja – President Goodluck Jonathan was on Friday in Abuja excited by the N10,000 donated toward his re-election by a National Youth Service Corps (NYSC) member, Ezemagu Nnamdi. The President’s feeling is contained in a statement issued by Dr Reuben Abati, the Special Adviser to the President on Media and Publicity. Abati said that Jonathan was deeply touched and encouraged by …

The federal Government has summoned the Egyptian Ambassador to Nigeria, over the bad treatment meted out on a Nigerian teenager, master Joshua Kunle Abdulazeez by the Egypt Air. This is a follow up on the report dated September 13, 2014 on How Egypt Air Wrongly Flew Me to Another Country, Tore My Passport, Locked Me Up. The boy’s passport was …

Ahead of the January 2015 for the implementation of the new auto policy, the Nigeria Customs Service has begun the collection of additional 70 percent on new vehicles and thirty five percent on fairly used ones. The introduction of the new rate on new vehicles also pitched Customs agents against officers at the Port Terminal and Multi-purpose Service Limited, PTML, …

ABUJA—President Goodluck Jonathan promised yesterday that by next month, the security challenge posed by members of the Boko Haram sect who have engaged in massive killing and wanton destruction of property would change drastically. This is just as the troops have killed 60 of the insurgents. Speaking yesterday at the 66th National Executive Committee, NEC of the Peoples Democratic Party, …

Benin, Edo Nigeria – Oladipo Airenakho. A statue to immortalize retired Nigeria’s General Samuel Osaigbovo Ogbemudia, the two-time Governor of the defunct Mid-West and Bendel States was unveiled at the state-owned stadium in Benin City, Edo State on Wednesday. The ceremony was part of various activities lined up to mark the 82nd birthday of the elder statesman who was born …