The Sun News
  • Arms money: I won’t talk until Jonathan testifies –Metuh

    From Godwin Tsa, Abuja A former national publicity cecretary of the Peoples Democratic Party (PDP), Chief Olisa Metuh, has insisted he will not testify or call any other witness in his trial until former President Goodluck Jonathan, whom he has asked the court to issue a summons, testifies as his witness. He told Justice Okon…

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  • Switzerland to return $321m Abacha loot -FG

    From Godwin Tsa, Abuja The Federal Government yesterday disclosed that the government of Switzerland would soon return the sum of $321 million stolen from Nigeria and stashed away in foreign countries by the late former Head of State, Gen. Sani Abacha and his family. The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar…

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  • Forex: CBN lifts market with $210m

    The Central Bank of Nigeria (CBN) on Monday, opened the foreign exchange market with the injection of another $210,000,000 to sustain liquidity. Disclosing this to news men yesterday, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, said the sum of $100million was offered to the wholesale segment, while the Small and Medium Enterprises…

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  • Yuletide: Rising domestic airfares worry travellers                                                   

    By Louis Ibah Nigerian Domestic airlines have increased their cost of air fares in response to rising cost of aviation fuel even as safety measures and security are being beefed up at airports across the country in readiness for a surge in passenger traffic characteristic of the Christmas/New Year celebrations. Investigation by Daily Sun at…

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  • Senate begins probe of $16bn Egina oil project

    The Senate, yesterday, set up an adhoc committee to investigate the local content elements and cost variations related to the Egina Oil Field Project and two related Bonga South-West and ZabZaba projects. The decision of the Senate followed a motion by Senator Solomon Adeola, which was co-sponsored by 18 others. The resolution was unanimously adopted…

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  • CPC predicts hard times for fake products merchants

    …To tackle abuses in banks, power sectors By Amechi Ogbonna   The Consumer Protection Council (CPC), has restated its commitment to launching a relentless war against pedlars of adulterated and substandard products in the country in line with its mandate to give Nigerian consumers value for money. Director General of CPC, Mr. Babatunde Irukera, said…

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  • Senate probes SARS over alleged human rights abuses

    From Fred Itua, Abuja Senate has mandated an Ad hoc Committee on Review of National Security Infrastructure to investigate human rights abuses by the Special Anti-Robbery Squad (SARS) of the Nigeria Police Force. The committee was also mandated to make relevant recommendations and revert to the Senate. The chamber’s resolution was sequel to a point…

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  • Dangote emerges only African on Bloomberg’s 50 world best

    …Partners Jumia to sell Cement online By Steve Agbota President of Dangote Group, Aliko Dangote, has emerged one of the selected best 50 persons in the world in 2017. Bloomberg on Monday announced The Bloomberg 50, a new, annual, multi-platform initiative that honours 50 icons and innovators who have changed the global business landscape in measurable…

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