News Desk (Nigeria) Monday, July 07, 2008

Court decides Enugu gov’s fate tomorrow - Group alleges plan to postpone ruling

FEAR and anxiety have literally gripped scores of loyalists to Governor Sullivan Chime and the pro-Senator Chimaroke Nnamani group as the Appeal Court sitting in Enugu rules tomorrow on the petition brought by the state chief executive challenging the nullification of his gubernatorial election by the Election Petitions Tribunal also in Enugu. MORE>>>

Marginalisation: North plots against South

The South may have got more than what it bargained for over its recent protest of being marginalised by the President Umaru Yar’Adua-led administration as the North now appears ready to take up arms to defend the distribution of appointment so far made by the administration. MORE>>>

Governor poisoned, says Chief of Staff

ABEOKUTA — GOVERNOR Gbenga Daniel of Ogun State was recently poisoned and had to be flown abroad for treatment, his Chief of Staff, Dr. Femi Majekodunmi, said yesterday in Abeokuta. He, however, did not say how and in what circumstances the governor was poisoned. MORE>>>

Foreign reserves drop, banks' lending rate rises

NIGERIA'S foreign reserves has dropped by more than $2 billion from $61.4 billion in the middle of May this year to $59.3 billion as at July 2. A survey of the movement of the reserves record at the Central Bank of Nigeria (CBN) yesterday which indicated this, however, did no give the reason for the decline in the account. MORE>>>

Teachers’ strike: Mass action holds Thursday

In a press conference yesterday at the Nigeria Labour Congress headquarters in Lagos, the National Co-coordinator of LASCO, Comrade Abiodun Aremu said that Labour and Civil Society Coalition have decided to put their weight behind the plight of the teachers since government is proving stubborn. MORE>>>

Senate Rejects New Revenue Formula

The Senate has returned the new revenue formula to Aso Rock because of technical defects. President Umaru Yar'Adua had sent in the document two weeks ago, proposing that the Federal Government should get 53.69 per cent of federally collected revenue, states 31.1 per cent, and councils 15.21 per cent. MORE>>>