July 2012

Banks Still Face Challenges - Fitch

Submitted by AA NIGERIA on 31 July, 2012 - 12:46

[Daily Trust]Nigerian banks still face challenges despite some improvement in their asset quality, Fitch Ratings said in its newly-published special report titled "Nigerian Banking Sector: Rapid Credit Growth Returns."

Source:

http://allafrica.com/stories/201207310636.html

What's Wrong With Nigeria?

Submitted by AA NIGERIA on 31 July, 2012 - 11:39

[Vanguard]London -The aura he radiated was infectious. The respect paid to him made this reporter momentarily feel good as a Nigerian.

Source:

http://allafrica.com/stories/201207310447.html

Jonathan Jets Out to Trinidad and Tobago, Jamaica Today

Submitted by AA NIGERIA on 31 July, 2012 - 11:38

[Leadership]President Goodluck Jonathan will today depart Abuja to attend Trinidad and Tobago Emancipation Day and Jamaica's Independence Anniversary Celebration.

Source:

http://allafrica.com/stories/201207310435.html

VP Sambo's Kaduna House Attacked

Submitted by AA NIGERIA on 31 July, 2012 - 11:31

[Vanguard]Kaduna -Police in a Kaduna say three gunmen have killed a man outside an uninhabited house belonging to Vice President Namadi Sambo.

Source:

http://allafrica.com/stories/201207310415.html

Lagos - Still At the Mercy of Danfo Drivers

Submitted by AA NIGERIA on 31 July, 2012 - 11:22

[Vanguard]OF all the problems facing Lagos, the worst might be traffic. Chaotic traffic in Lagos is man-made - a phenomenon as destructive and inevitable as the rains that falls anytime of the year.

Source:

http://allafrica.com/stories/201207310381.html

Fitch Ratings Raises Fresh Crisis Alert On Nigerian Banks

Submitted by AA NIGERIA on 31 July, 2012 - 11:22

[Vanguard]Fitch Ratings has raised fresh alert on the growing loan facilities in the Nigerian Banking sector that might lead to another round of non-performing loan crisis.

Source:

http://allafrica.com/stories/201207310378.html

2012 Budget - Okonjo-Iweala Insists On 56 Percent Implementation

Submitted by AA NIGERIA on 31 July, 2012 - 11:12

[Vanguard]Abuja -The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, insisted, yesterday, that the 2012 capital budget implementation as at June 20, was 56 per cent and that she was managing the budget transparently in the best interests on the generality of Nigerians.

Source:

http://allafrica.com/stories/201207310347.html

Ajimobi Storms London for Foreign Investors

Submitted by AA NIGERIA on 31 July, 2012 - 10:59

[Vanguard]Ibadan -Governor Abiola Ajimobi of Oyo State is in London in search of investors.

Source:

http://allafrica.com/stories/201207310312.html

Multiple Explosions Rock Sokoto

Submitted by AA NIGERIA on 31 July, 2012 - 10:57

[Leadership]Multiple bombs rocked Sokoto, the capital of the Caliphate, for the first time yesterday, with attacks on the AIG's office and two police stations. A total of five people; a police corporal, two suspected suicide bombers and a hair dresser died following the attacks.

Source:

http://allafrica.com/stories/201207310308.html

Okonjo-Iweala Insists Budget's Attained 56 Percent Execution

Submitted by AA NIGERIA on 31 July, 2012 - 09:38

[This Day]In a swift reaction to Sunday's tirade by the House of Representatives on the implementation of the 2012 budget, the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, has reiterated the Federal Government's commitment to the prudent management of the nation's resources, adding that this has enabled the government to achieve 56 per cent budget execution by June 20.

Source:

http://allafrica.com/stories/201207310238.html