Archive for October 21st, 2011

Insecurity: Jonathan summons Police hierarchy to Aso Rock

ABUJA – Indications emerged yesterday in Abuja that President Goodluck Jonathan has given the final marching order to the Nigeria Police to put a stop to the security challenges posed by the Boko Haram terrorist group and other high risk security crises facing the country, including kidnapping and bank robbery. Towards this end, the President [...]

FG okays N100bn for gas to power electricity

ABUJA—The Federal Government, yesterday, tasked gas and power companies to collaborate to ensure availability of gas for power projects and other industries. Vice-President Namadi Sambo, who gave the charge at a stakeholders meeting’, said government had approved N100 billion from the Multiple Year Tariff Order, MYTO, to cushion the effect of gas supply as well [...]

FG to compensate shareholders of nationalised banks

LAGOS—The Federal Government, Thursday, said it was looking at ways to compensate shareholders of the three nationalised banks – Bank PHB PIc, Afribank Nigeria Plc and Spring Bank Plc. Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, AMCON, Mr. Mustafa Chike-Obi, who said this in Lagos, added that the corporation, in a bid to [...]

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