US Clears Policeman In Ferguson Shooting
The US Department of Justice has cleared Ferguson, Missouri, police officer Darren Wison; of civil rights violations in the August shooting of unarmed black teenager Michael Brown. Federal officials concluded there was no evidence to disprove Wilson’s testimony that he feared for his safety, nor was there reliable evidence that Michael Brown had his hands up when he was shot.
Boston Marathon Bombing Trial Begins
Dzokhar Tsarnaev, suspected of carrying out the 2013 Boston Marathon bombing, has gone on trial in the biggest domestic terrorism case in the United States since the Oklahoma City bombing nearly 20 years ago. Tsarnaev, 21, appeared before the US District Court in Boston on Wednesday – and his lawyer immediately told the jury he was guilty of taking part in the bombing.
“It was him,” defence attorney Judy Clarke said of Tsarnaev.
We’ve So Far Paid N1.3tn To Government – MTN Nigeria
MTN Nigeria said its operations have impacted positively on the country, with the payment of over N1.3tn to the three tiers of government in taxes and levies since its operations in 2001. The company disclosed this while explaining its 2014 financial year results to journalists in Lagos on Wednesday.
60 Million Nigerians Don’t Have Bank Accounts – Reports
Results from a total demographic study carried out by the Enhancing Financial Innovation and Access has shown that from a sample of 93.5 million Nigerian adults, only 33.9 million aree banked. According to the EFIA findings, the other 59.6 million adults are either financially excluded or are served by informal financial channels like savings club/ pool, esusu, ajo or moneylenders as well as remittances through informal channels such as transport services and recharge cards.
“Essentially, this means that approximately, only one in five Nigerian adults have a bank account, with approximately one bank branch and one Automated Teller Machine for every 10,000 people,” the EFIA stated in its report.
Saudi Hike Supports Oil Prices
Brent held above $60 a barrel on Wednesday supported by a hike in Saudi crude prices and strikes on oil facilities in Libya. In a move widely seen as a vote of confidence by Saudi Arabia in demand recovery, the Organization of Petroleum Exporting Countries’ kingpin raised the official selling prices for its oil deliveries.
Barclays Africa Applies For Nigerian Banking Licence
Barclays Africa Group is intensifying its expansion into the rest of the continent with applications for licences in several countries, including Nigeria. It has applied for a commercial banking licence in Nigeria and one for an insurance business in Kenya. The group also aims to but its parent’s operations in Egypt and Zimbabwe.
US Market Heads For Another Loss
United States stock opened lower on Wednesday, putting the market on track for a second day of losses, the Association Press reported. The report said material companies were among the biggest decliners in early trading Wednesday and that aluminum maker Alcoa sank 5%, the most in the Standard & Poor’s 500 index.
Petrol Subsidy Rises Too N1.4tn In 26 Months
For the whole of 2013, 2014 and the first two months this year, a total amount of N1.43tn was recorded as the total petrol subsidy claims from oil marketers. Out of this amount, the Federal Government is said to be owing marketers a total of N264bn. N164bn of this amount is the actual N164bn of this amount is the actual subsidy covering part of 2014 and the first two months of 2015.
The remaining N100bn, according to the Major Oil Marketers Association of Nigeria, comprised accumulated interest on loans obtained by marketers from banks for petrol imports, and foreign exchange differentials occasioned by the devaluated naira.
Court Orders INCE To Register Young Democratic Party
With only three weeks to the general elections, a Federal High Court in Abuja on Wednesday ordered the Independent National Electoral Commission to immediately register and recognize the Young Democratic Party as a political party.
APC, Fayose In War Of Words Over Jega
Ekiti State Governor, Ayodele Fayose, and the All Progressives Congress on Tuesday engaged in a war of words over the fate of Prof. attahiru Jega as the chairman of the Independent National Electoral Commission. Fayose began the verbal onslaught when he described the claim by the APC of a plot by the Presidency to fire Jega, as a “mere comedy.”
PDP Planning To Frame Jega, Tinubu, Says APC
The APC says it has uncovered a plot by the PDP to frame the Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, in order to justify his sacking. The APC National Publicity Secretary, Alhaji Lai Mohammed, said at a press conference in Lagos on Wednesday that that the PDP was plotting to deposit a huge amount of money into the bank account of Jega and make it appear as if the money emanated from Tinubu.
Mohammed said since the PDP had been unable to stop the use of Permanent Voter Cards and card readers, the next step would be a plot by the ruling party to attempt to undermine Jega’s credibility in the eyes of Nigerians so as to get him sacked.
Igbo Group Mobilizes Against PDP In Lagos
A pan-Igbo group based in Lagos, Association for the Defence of Igbo Interests, has urged all Igbo across the state not to vote for the PDP.
Uduaghan Rises Concerns Over Card Readers
Delta State Governor, Dr. Emmanuel Uduaghan, has expressed reservations about the insistence by the Independent National Electoral Commission to use card readers in the conduct of the forthcoming general elections.
Jega Not The Issue
There are more issues in the 2015 general elections than the tenure of the Chairman of the INEC, Prof. Jega. A focus on them is critical for the free and fair elections Nigerians desire.
ISIS: Security Men On Trail Of Ex-CJ Uwais’s Son
Security agents were last night working frantically to track the whereabouts of a son of the former Chief Justice Of Nigeria, Justice Mohammadu Uwais, who was said to have joined the deadly Islamic State in Iraq and Syria (ISIS).