A Nigerian man on a suicide mission for al-Qaida was sentenced Thursday to life in prison for attempting to blow up an international flight with a bomb in his underwear as the plane approached Detroit on Christmas 2009. The mandatory punishment for Umar Farouk Abdulmutallab, the well-educated son of a […]

Following the failure to remove the subsidy on petrol, the Federal Government has revised the 2012 budget proposal, of which it intends to spend N888.1 billion as subsidy on petrol and kerosene this year.   In the revised proposal, the government cut aggregate expenditure by N100.25 billion, to bring total […]

The Central Bank of Nigeria, CBN, Governor, Mallam Lamido Sanusi, yesterday, said the level of poverty in Nigeria will continue to rise unless there is a deliberate effort to create other sources of revenue. Speaking at the Murtala Mohammed annual memorial lecture in Lagos, in a paper entitled: “Banking Sector, […]