NASS approves life pension for president, vice in new Constitution

The National Assembly, yesterday, completed the amendment of the 1999 Constitution with approval of life pension for anybody who has held office as President or Vice President, Senate President or Deputy Senate President, Speaker or Deputy Speaker of the House of Representatives.

But beneficiaries of this gesture must be occupants who successfully concluded their terms in office without removal or impeachment.

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APC writes Jonathan, Jega on using military for elections

Determined to make the federal government comply with court judgment on elections, the All Progressives Congress yesterday wrote a letter to President Goodluck Jonathan and the chairman of the Independent National Electoral Commission, INEC, Professor Attahiru Jega asking him to give heed to the judgment barring the involvement of soldiers in elections.

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Naira to exchange at N197/$

The Central Bank of Nigeria, CBN, yesterday, in a bid to salvage the Naira from speculators scrapped the official window where it sells dollar to end users through banks twice a week.

The Naira will now be sold at the ruling inter-bank market rate indicating an implicit devaluation of the currency. The Naira yesterday at the inter-bank market sold for N197 to the dollar.

Financial Market Dealers Quote, FMDQ, a group comprising Nigeria’s main commercial banks and the central bank, said commercial banks have also been banned from re-selling CBN dollars to other banks, another attempt to end speculation in the naira.

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Job Vacancy , Stanbic IBTC Graduate Job Opportunities, February 2015

Stanbic IBTC Graduate Job Opportunities, February 2015

Stanbic IBTC Bank Job: OND/HND/BSC Jobs , Stanbic IBTC Bank

Stanbic IBTC is the largest bank in Africa and our highly visible brand, award-winning service, and strong global presence helps us maintain our market-leading position.

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300 Boko Haram kills in counter offensive: Nigeria military says

300 Boko Haram kills in counter offensive: Nigeria military says

Cameroon/MAIDUGURI, Nigeria - Nigerian forces have killed more than 300 Boko Haram fighters during an operation to recapture 11 towns and villages since the start of the week, the military said on Wednesday, as regional neighbours also pounded the militants.

"Weapons and equipment were also captured and some destroyed," defence spokesman Major-General Chris Olukolade said in a statement. "However, two soldiers lost their lives while 10 others were wounded," he added.

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Soldiers recaptured armoured vehicles, an anti-aircraft gun, 50 cases of bombs, machine guns, 300 motorcycles

VICTORIES -OVER BOKOHARAM

Nigerian soldiers recaptured the strategic town of Monguno, on the shores of Lake Chad where the four countries meet, from Boko Haram on Monday. More than 5,000 people fled the town after the insurgents seized it last month.

Olukolade said troops had seized five types of armoured fighting vehicles, an anti-aircraft gun, 50 cases of bombs, eight different types of machine guns, some 50 cases of ammunition and 300 motorcycles the rebels use to launch attacks.

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