Saturday, 28 May 2016

Militants Vows to Shock the World as FG May Return Pipeline Protection to them

Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine
 
N'Delta Avengers Vow to shock the world After Deadly Attacks on Installations
Niger Delta Avengers, the new militant group that has launched multiple attacks on oil and gas installations in the Niger Delta region, has struck yet again and vowed "to shock the World."
 
Ex-militants To Return For Pipeline Protection – FG
In order to find a lasting solution to the renewed militancy in the Niger Delta region, the federal government has agreed to re-engage persons from communities in the region to protect the oil pipelines.
 
Nobody can arrest Jonathan, Ijaw youths tell Buhari
The Ijaw Youths Congress has warned the President Muhammadu Buhari-led Federal Government not to contemplate arresting former President Goodluck Jonathan over the ongoing probe of massive fraud and embezzlement alleged to have taken place under his administration.
 
Oil price hits $50 amid Nigeria outages
Global oil benchmark, Brent crude, on Thursday traded above $50 per barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery.
 
Who Should I sack Among My Ministers- Buhari Asks
President Muhammadu Buhari has asked Nigerians to pass a verdict on the performance of his appointed officials during the administration's first year in office so that he will know if he should change them.
 
Killer herdsmen Have Links with Boko Haram have links –Army
The Chief of Army Staff, Lt.-Gen. Tukur Buratai has said that the violent herdsmen attacking some Nigerian communities may have links with the dreaded Boko Haram sect.
 
US-United Airlines stops flights to Nigeria
United States carrier, United Airlines, will stop flying to Nigeria from June 2016 ending operations on its only African route because of weakness in the energy sector and difficulties in repatriating money from tickets sold in the country.
 
Children's Programmes To Gulp N12.6bn
The federal government has set aside N12.6bn to cater for the needs of children in this year's budget.
 
46% of households borrow to eat in North-East —UNDP
A report unveiled by the United Nations Development Programme in partnership with Oxfam Nigeria revealed that 46 per cent of households in Nigeria's North-East borrow money to eat, while 61 per cent of residents in the region lack access to portable water.
 
Anyone Invited by EFCC Can't Come out Clean, Says Magu
EFCC secures conviction of 140 suspects in six months
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said there is no one who would "come out clean" after honouring the invitation of the anti-graft agency.
 
Govt Freezes $1.8bn Assets of Aluko, Omokore, Atlantic Energy
A Federal High Court in Lagos has granted a Mareva injunction permitting the Nigerian government to freeze assets owned by two Nigerian businessmen, Kola Aluko and Jide Omokore, and their company Atlantic Energy.
 
The Truth No One Tells President Buhari
The Nigerian Bureau of Statistics (NBS), revealed that Nigeria's economy had not grown in the first quarter of the year but had rather shrunk to its lowest level in 25 years!
 
Nine Key Milestones In President Buhari's First Year
Twelve months ago, President Muhammadu Buhari was sworn in as the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria.
 
Nigeria 'to continue ECOWAS funding'
President Muhammadu Buhari has assured of  Nigeria's continued commitment to meet all her obligations to the ECOWAS Commission.
 
Dangote disburses N400m to Lagos women
To cushion the effect of the current economic downturn, the Dangote Foundation on Thursday commenced the disbursement of N400m micro grant to 40,000 indigent women in all the local governments in Lagos State.
 
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