The National Universities Commission. (NUC),in it’s weekly bulletin has released a list of illegal degree awarding institutions operating in Nigeria. According to the bulletin, the NUC Executive secretary, Julius Okojie, warned that those who patronise the schools, do so at their own risk. “Certificates obtained from these sources will not …
Read More »Dangote signs $4.3bn Cement deal with Chinese firm
A Chinese state-owned engineering company, Sinoma, in partnership with Dangote Cement company, has signed a deal worth $4.3bn to build Cement factories in Nigeria. The Chinese company also plans to build seven plants across the continent and one in Nepal. The new factories are expected to add around 25 million …
Read More »CBN directs banks to release bailout funds to States
The Central Bank of Nigeria has approved the request of the Deposit Money Banks (DMB) to provide funds to state governments to pay the backlog of salaries owed their workers. CBN said the approval was based on the it’s decision to collaborate with relevant stakeholders to consider ways of liquidating the outstanding staff …
Read More »SON to reduce Substandard products to 10% by end of 2015
The Standards Organisation of Nigeria has sworn to reduce the rate of sub-standard products in the country to 10 per cent before the end of the year from the 40 per cent it is presently. Director General and Chief Executive, Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu, declared this …
Read More »Burundi President Nkurunziza wants to revise the constitution
With the third controversial term obtained, Pierre Nkurunziza, President of Burundi already wants to revise the constitution of his country. At least, he is obliged to make an adjustment to the Burundian constitution in order to form a ‘national unity government’. It was during his inauguration, which took place hastily …
Read More »N9.4tn invested into Nigeria in 30 months
The National Bureau of Statistics (NBS) has said a total sum of $47.4bn (about N9.4tn) was invested in the Nigerian economy by local and foreign investors between January 2013 and June this year. The bureau in the capital importation report, said the amount was invested under nine various categories of …
Read More »The Prodigal returns: Saraki Begs Tinubu
Just like the prodigal son in the bible that returns to his father after being lost in the wilderness,it seems the embattled Senate President,Bukola Saraki is ready to retrace his steps, as reports indicates he is seeking forgiveness from the ‘Lion of Bourdillon’,Bola Tinubu. Saraki is one of the gladiators …
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