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GLOBAL NEWS HEADSLINES

RUSSIA TO DESTROY LAST CHEMICAL WEAPONS TODAY, PUTIN SAYS, URGES AMERICA TO FO THE SAME. One of the most powerful men on earth and the president of Russia Vladmir Putin has said that the country plans on destroying their last chemical weapon (Today) and accused the united states of not following suit. The US unfortunately is not carrying out its obligations when it comes to the time frame of destroying their chemical weapons. NIGERIA TO EXIT OVER 310 INTERNATIONAL ORGANISATINS IT BELONGS TO The FG of Nigeria plans on exiting some of the 310 international organizations it is associated with. The minister of finance Mrs. Kemi Adeosun made this known when she addressed state house representatives on the outcome of the federal executive council sitting. According to her the annual commitment of Nigeria to those organization is $70m annually. So the plan is to retain membership of 220 out of 310 international organizations it is associated with. However the committee ordere...
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INVESTMENT NEWS HEADLINES

-           Stock market halts downtrend as NSE ASI inches up by 0.44%. Equity market closed today on a positive note as NSE ASI                                                                                                                   Appreciated by 0.44% to close at 35,103.40 base points. The market cap at the close of the trading was N 12, 100,904,542,120.06 HIGHLIG...
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National Assembly broke, borrows to pay workers

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Cash-strapped National Assembly has resorted to bank facilities to pay its staff their monthly salaries and allowances.But the facilities do not include the controversial running cost paid to lawmakers, as well as the salaries and allowances for their aides. About N4.5 billion is spent on the running cost of lawmakers in the two houses of the National Assembly. The sum of N13.5 million is paid to each senator while a member of the House of Representatives gets a little above half of this. The balance is paid out to legislative aides. In anger last week, legislative aides rose in protest against the non-payment of their salaries and allowances. Several sources yesterday confirmed the resort to bank overdrafts to pay salaries of “strictly National Assembly staff,” but the Director of Information to the National Assembly, Mr. Ishaku Adamu Dibal, said he was not aware of the development that had happened at least twice in the past. It was gathered that August and September...
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