• US s*x scandal: Nigerian lawmakers to sue American government for $1bn

    US s*x scandal: Nigerian lawmakers to sue American government for $1bn

    According to reports, the three members of the House of Representatives cleared of allegations of patronizing commercial sex workers in the United States of America few months ago have vowed to sue the country’s government for $1bn.

    The lawmakers are House Deputy Chairman, Committee on Petroleum Resources (Upstream), Mr. Terse Mark-Gbillah (Benue); Mr. Samuel Ikon (Akwa Ibom); and Mr. Mohammed Garba-Gololo (Bauchi).

    Recall that a former US Ambassador to Nigeria, Mr. James Entwistle, had accused the three lawmakers of committing the alleged […]

  • Nigeria spends $1bn annually on medical tourism – Minister

    Nigeria spends $1bn annually on medical tourism – Minister

    Dr Osagie Ehanire, the Minister of State for Health, says Nigeria is spending over $1billion annually on medical treatment.

    He spoke on Friday while commissioning the newly constructed Amenity and Labour wards at the Federal Medical Centre, Jalingo.

    Ehanire said spending such a huge amount of money for treatment abroad was not good for the nation’s economy.

    He said the Federal Government was committed to upgrading health facilities nationwide to minimise medical tourism.

    “The beautiful edifice I am seeing here today will surely provide […]

  • Benue seals $1bn deal with US firm

    Benue seals $1bn deal with US firm

    The Benue State government has signed a Memorandum of Understanding (MoU) with an America-based company, Juma International.

    Governor Samuel Ortom said during the signing of  the $1 billion agro-allied contract in Makurdi, that the move was geared towards achieving his administration’s objective of wealth creation for the Benue people.

    The governor, who also reiterated the determination of his government to partner with foreign and local investors to move the state forward, urged investors to invest in the state.

    Senator Joseph Waku through whom […]

  • MTN plans bond sale to raise $1bn NCC fine

    MTN plans bond sale to raise $1bn NCC fine

    MTN Group has appointed four banks to organise fixed-income securities investors’ fora as it seeks fund to settle the $1 billion fine imposed by the National Communications Commission (NCC), among other pressing needs.

    The Johannesburg-based company said in a statement on Wednesday that it has mandated Barclays Bank Plc, Bank of America Corp.’s Merrill Lynch, Citigroup Inc. and Standard Bank Group Ltd. to arrange a series of fixed-income investor meetings in the US and the UK starting from tomorrow (Friday, September […]