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by Ugodre A bridge loan is a short term financing facility offered to a borrower before he obtains permanent funding for the finance of a project. Funds from bridge finance are therefore expected to be repaid when permanent funding has been obtained. Bridge Financing is mostly utilised for big real estate projects or projects requiring... Read More
by Stanley Azuakola In line with tradition, another committee, this time a ministerial committee, has been constituted by President Jonathan to produce a white paper on the report of the Presidential Committee on the Re-organization of the Nigeria Police Force. On Tuesday, the Parry Osayandeled committee submitted its report to the president. Among other things,... Read More
by Akan Ido The Wikileaks founder, Julian Assange has been granted asylum by the Ecuadorian government. Assange had taken to the South-American country’s embassy since June while fighting his extradition from the United Kingdom to Sweden. Mr. Assange is wanted in Sweden to answer to assault and rape charges. The Ecuador Foreign Minister, Ricardo Patino,... Read More
Mr. Lawrence Uagbale, a 30-year-old man was arraigned before an Apapa Magistrate’s Court in Lagos for allegedly beating his father. Uagbale Samsom, who resides at House 15, B Close, 511 Road, Festac Town, was brought before Magistrate A.K. Shonubi on a three-count charge of intent to commit felony, stealing and assault. Prosecuting Sergeant Uche Kalu... Read More
by Stanley Azuakola Critics are still criticising; but the Bayelsa State government, under the leadership of Governor Seriake Dickson, is marching ahead. In less than two weeks, the Bayelsa State government has proposed the adoption of a state flag, anthem and coat of arms; the state assembly has given it accelerated hearing and passed it;... Read More
by Isi Esene Mr. Saliu Busari of 9, Akewusola St., Agege, Lagos has been accused of displaying uncontrolled jealousy after 29 years of marriage to Kudirat Busari. Reports say Kudirat dragged him to a Grade A Customary Court, Alagbado, Lagos on Tuesday, complaining that her husband is fond of beating her whenever he sees her talking... Read More
by Isi Esene There is panic among residents of parts of the Federal Capital Territory, Abuja, as the FCT minister, Senator Bala Mohammed, has maintained that there is no going back on the planned demolition of 10,287 structures which were found to be violating the Abuja master plan. Many affected residents are stranded and desperate... Read More
by Akan Ido Forward ever… The minister of Sports, Mallam Bolaji Abdullahi, has revealed that Nigeria will be aiming for five gold medals in the next Olympics in Rio de Janeiro, Brazil. He also said President Goodluck Jonathan has ordered an early preparation for the games coming in 2016. The Nigerian contingent to the just... Read More
by Hauwa Gambo All in day’s job? The Federal Government, yesterday withdrew, $1bn (N155bn) from the nation’s Excess Crude Account. The money is to be shared among federal, state, and local governments. According to reports, the minister of State for Finance, Dr. Yerima Ngama, said the amount is to enable states to have liquidity to... Read More
by Akan Ido The Kogi State commissioner of Police, Mohammadu Katsina, and the former chairman of DAAR Communications, Mr. Tom Adaba, have absolved the militant group, Boko Haram, from the attack which recently took place at a Deeper Life Bible Church at Otite, near Okene, which claimed 20 lives. Adaba viewed the attack as the... Read More
by Isi Esene The minister of Information, Labara Maku, said yesterday that the Federal Government welcomes the decision of the Boko Haram Islamic group to engage in dialogue. According to the Nation Newspapers, he said the FG has always shown its readiness to meet with the group and explore ways of stopping the violence as... Read More
by Doyin Jaiyesimi He revolutionised computers, now he wants to revolutionise toilets. Last year, Bill Gates, through the Bill and Melinda Gates Foundation raised a challenge to universities across the world to create a new toilet which will help improve worldwide sanitation. Universities came up with different innovative ideas and the foundation has now announced... Read More
by Adeniyi Abdul Nigeria may have come back from the Olympics empty-handed, but Lagos State might just have made up for it with this latest achievement which sees the city clinching third place on the list of least liveable cities in the world. The Economic Intelligence Unit has released results of its 2012 Global Liveability... Read More
According to theybf: Though fans were buzzing about the announcement that Timbaland and Missy would be involved in the upcoming Aaliyah project, based on what the production company said, a rep for Missy has dispelled those rumors. Mona Scott-Young, reality show producer and Missy’s longtime manager, said, “Although Missy and Timbaland always strive to keep the memory... Read More
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