Tagged: nigerian

Nigerian Teenager Hacked To Death With A Machete In London

Parents of Andre Aderemi, a Nigerian teenager who was brutally macheted 20 times after being pursued by three others carrying machetes, at Monks Hills estate, Selsdon, Croydon, have pleaded for an end to the cycle of violence on the capital’s streets.   The 19-year old boy later succumbed to his injuries in the hospital and died. The stabbings may be gang related because many of those he fraternised with have been killed in a similar fashion. Andre was friends with Myron Isaac Yarde, a 17-year-old rapper who was fatally stabbed in New Cross in April.   Aderemi was an ex-pupil at John...
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Nigerian Stock Market Gains 3.3% In First Six Months

The Nigerian stock market closed the first half of the year with a growth of 3.3 per cent compared with a decline of 3.2 per cent in the corresponding period of 2015. Although the market ended on a bearish noted yesterday, in all, it recorded a growth at the end of first six months of the year. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed at 29,597.79 on the last day of June, up from 28,642.25 at which it opened 2016. Market capitalization added N314 billion, rising from N9.851 billion to close at N10.165 trillion yesterday. Analysts said but for the rebound the market recorded recently...
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Budget Tinkering: Buhari Reportedly Orders Redeployment Of 184 Top Officials From Budget Office

President Buhari has reportedly ordered the redeployment of 184 top budget officials to other parastatals that have little or nothing to do with budget, as a punishment for their roles in padding the 2016 budget sent to the National Assembly. According to a report by Vanguard, a top official in the Budget office confirmed that 22 top officers from the Budget Office of the Federation were affected in the mass deployment. The rest were moved away from budget-related duties in other Ministries, Departments and Agencies, MDAs. Out of the 22 top officials deployed in the budget office, four were directors on...
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Fashola Gets N433.4bn for Power, Works And Housing

The Federal Government has earmarked N433.4 billion in the 2016 budget for the Ministry of Power, Works and Housing led by Babatunde Fashola. President Muhammadu Buhari stated this on Tuesday in his 2016 budget speech delivered at the Joint session of the National Assembly. “To deliver our development objectives, we have increased the capital expenditure portion of the budget from N557 billion in the 2015 budget to N1.8 trillion in the 2016 budget.“For the first time in many years, capital expenditure will represent 30 per cent of our total budget.“In future years, we intend to raise the percentage...
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Nigerian Senators Divided Over Oil Benchmark For 2016 Budget

Members of the Nigerian Senate on Wednesday commenced debate on the Medium Term Expenditure Framework (MTEF) presented to the upper legislative body by President Muhammadu Buhari. Mr. Buhari had forwarded the MTEF to the Senate on Monday. Under Nigerian public finance system, the MTEF is the precursor to budget, as well as Fiscal Strategy Paper (FSP), which details spending and revenue projections for three years. At the Senate plenary Wednesday, lawmakers differed on the $38 per barrel benchmark projected as the price of crude of oil, the mainstay of the Nigerian economy. Leading the debate, the Deputy...
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Nigerian Student Beaten To Death For Allegedly Attempting To Rape A Lady Inside An Elevator

A yet to be identified Nigerian student in Malaysia has reportedly been beaten to death for attempting to rape a lady inside an elevator in a service apartment on September 23rd. Malaysia's newspaper, Malaymail online, reports that the Nigerian student was mobbed by residents of the service apartment after the victim raised an alarm. The police was called in and the Nigerian student was taken to the police station with injuries on the right side of his head, and had scratch marks on his legs and hand. He later died at the police station. "We received a call from the security manager of the apartment...
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Seven Die As Nigerian Air Force Aircraft Crashes

Seven people have been killed after an aircraft belonging to the Nigerian Air Force crashed at the old site of the Nigerian Defence Academy Kaduna , Northwest Nigeria. The casualties include all four crew members and three passengers. The victims were travelling from the Nigerian Air Force Base in Kaduna en route Abuja. Emergency officials say the helicopter crashed less than ten minutes after taking off. Read More: channelstv
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Boko Haram: African Military Chiefs Meet In Abuja

The Chief of Defence staff of Nigeria, Cameroon, Chad, Niger Republic as well as heads of Intelligence and Security Agencies of the African countries met in Abuja today to discuss the successful operation of the modified version of the Multinational Joint Task Force (MNJTF) in the fight against Boko Haram in the region. More photos from the meeting below...
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12 Nigerian, Ghanaian Christian Migrants ‘Thrown’ Overboard By Muslim

Italian police said Thursday they had arrested a group of African migrants after witnesses said they threw 12 passengers overboard following a row about religion on a boat headed to Europe. The deadly dispute, which saw a group of Muslim passengers allegedly attack a group of Christian passengers, coincided with reports of a new migrant drowning tragedy. Four days after a migrant shipwreck off the coast of Libya, in which 400 people are believed to have died, another 41 migrants were missing feared drowned Thursday after their dinghy sank en route to Italy, Italian media reported. The stricken vessel was...
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