PDP: Ambushed by Sabotage - by Dr. Amanze Obi

WE are told that a steering committee set up by the Peoples Democratic Party (PDP) is working on an agenda called “Restart PDP Project”. The com­mittee, we are also told, has identified a number of factors that led to the party’s loss of the control of the central government at the 2015 general elec­tions. Some of the identified challenges include imposition of candidates, lack of internal democ­racy, seizure and manipulation of party structures by state governors, and poor reward system, among others.

China Explosion: Death Toll Hits 44 (Watch Video)

At least 44 people have been confirmed dead, and more than 500 injured, following two major explosions in China's northern port city of Tianjin.

Twelve firefighters are among those who lost their lives; 36 are still missing.

3 Dead, 4 Injured in Helicopter Crash Near Third Mainland Bridge, Lagos

Helicopter belonging to Bristow Helicopters with 12 people on board crashed into the Lagoon near the Oworonshoki end of the Third Mainland Bridge in Lagos this aftrnoon.

According to an eyewitness,  the aircraft marked 5NBGD was said to be coming from one of the oil rigs in Escravos area of the Niger Delta and was said to be heading for Lagos Island when it went down around 3.p.m. Traffic stalled during the fire on Third Mainland Bridge. 

Mahamat Daoud is Boko Haram's New Leader - Chad's President

The Islamist militant group Boko Haram based in Nigeria has a new leader, Chad's President Idriss Deby confirms.

Idriss Deby did not say what had happened to Abubakar Shekau, but said he had been replaced by Mahamat Daoud - who has not been heard of before.

Nigerian International Debt Fund to Pay N20million Interim Coupon

Afrinvest Asset Management Limited, Manager of the Nigerian International Debt Fund (NIDF), is set to pay the sum of N20, 761,656.59 as interim coupon to be distributed amongst note holders on the register of the Fund as at June 30, 2015. This amounts to N38.21 per note.

Commercial Banks in Nigeria Reduce Withdrawal Limits on ATMs

The fight to further defend the Naira value has taken a new dimension as  domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while foreign currency is $300 per day. Hitherto, the domestic withdrawal limit was N150,000 per day.

Port-Harcourt Refining Company Set for Production of Petrol...To Reduce Import by 40%

The New Port Harcourt Refining Company, PHRC 2, is set for the production of more premium motor spirit, PMS, popularly called petrol, and will reduce fuel import by 40 per cent when fully operational.

When the FCCUs are re-streamed, the refinery will be working at 95 per cent of its 150,000 barrels per day capacity, it is expected that petrol importation will reduce.

We will Investigate Purchase of Military Weapons under the past Government - Presidency

The presidency said President Muhammadu Buhari would launch a thorough investigation into the awards of contracts for the supply of military weapons in the recent past.

Federal Inland Revenue Service (FIRS) Hints Plan to Increase VAT from 5% to 10%

The Federal Inland Revenue Service (FIRS) has unveiled its plan to increase the value added tax from the 5 per cent currently to 10 per cent.

According to the Acting chairman of the FIRS,  Mr. Sunday  Ogungbesan who disclosed this during an interactive session with journalists in Lagos at the weekend aslo added that the agency may soon clamp down on recalcitrant companies.

WAEC Announces SSCE , Withholds 118,101 Results

The West African Examinations Council has released the May/June 2015 Senior School Certificate Examination results, withholding 118,101 candidates’ results out of the 1.5 million students that sat the examination.

WAEC Head of National Office, Mr. Charles Eguridu, announced this in Lagos at a press conference on Monday.