News

Saturday, 10 December 2016 02:05

Train accident cripples businesses in Aba

An early morning Umuahia-Port Harcourt bound train with number 2212 on Friday ran into an articulated vehicle in Aba but without casualties. Both the train and the vehicle were damaged. The accident, which damaged the electrical connections in the train’s engine, left it immovable on one part of the road, crippling traffic for many hours in the town. The accident also left business people and workers stranded in a gridlock, thereby making it hard for them to attend to their businesses. The accident happened at about 5:45 a.m. Mr Cyril Ohaegbu, a bread seller whose shop is by the Railway…

Update: Schoolgirl suicide bombers kill 56 in Nigerian market - official

Two schoolgirl suicide bombers killed 56 people and wounded dozens more in a coordinated attack on a crowded market in the northeastern Nigerian town of Madagali on Friday, a local official said. The bombings bore the hallmark of Islamist militant group Boko Haram, which has been waging an insurgency to set up a state adhering to a strict interpretation of Muslim laws in the northeast. There was no immediate claim of responsibility. Yusuf Mohammed, chairman of the local district government, said the bombings left 56 people dead and wounded 57. Major Badare Akintoye, a spokesman for an army unit in…

FG, recession and taxes - Press Release by NIG

New Independence Group ( NIG) wishes to implore the Federal Government to reconsider its ongoing approach of taxing the economy out of recession. In a statement issued in Lagos on Friday, and signed by its Convener, Professor Akinyemi Onigbinde, the group submitted that the path being toed, if pursued further, will hurt the economy more than it will help it, yet counter-productive to the intention of the Administration to shore up the revenue base of government, in view of the shortfall of expected income from proceeds of crude oil. According to the socio-economic think tank, a further increase in taxation…