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The terrorist who is also an Amir by status and believed to be of foreign descent, is among about 30 terrorist fighters who died in the encounter while many others fled with wounds. Thousands of Euro currency was found on the body of a terrorist commander after troops successfully repelled a terrorist on Mafa towards the border. The terrorist who is also an Amir by status and believed to be of foreign descent, is among about 30 terrorist fighters who died in the encounter while many others fled with wounds.

At a recent policy summit put together by the incoming government, Prof. Yemi Osinbajo, the vice president elect alleged that the outgoing Jonathan administration owes $60bn in local and foreign debts, while 110million are living on poverty. The Coordinating Minister for the Economy (CME) and Minister of Finance, Dr. Ngozi Okonjo, has however refuted the claims that the outgoing administration under President Goodluck Jonathan accumulated a debt of $60 billion.

Major Oil Marketers Association of Nigeria, MOMAN, have reportedly agreed to call off their strike action over unpaid subsidy claims and commence lifting of petroleum products nationwide in the next six hours. The oil marketers agreed to call off their strike at a meeting with the Chairman, Senate committee on petroleum resources, Magnus Abe, Minister of Finance and Coordinating Minister for the Economy, ‎ Ngozi Okonjo-Iweala, MD of NNPC Joseph Dawha and other stakeholders in the oil and gas sector in Abuja today May 25th.

SEVERE SHORTAGE: MTN said it needed a “significant quantity of diesel in the very near future to prevent a shutdown of services across Nigeria”. – Reuters  Nigeria’s biggest mobile phone operator MTN has warned that its network faces shutdown due to fuel shortages that have crippled the nation. The company, the biggest subsidiary of the South Africa-based MTN Group, said it needed a “significant quantity of diesel in the very near future to prevent a shutdown of services across Nigeria”.

Manchester United have confirmed that Radamel Falcao will be leaving the club. The Colombian scored four goals in 29 appearances after joining on a season-long loan from Monaco. Van Gaal: “Falcao is a top professional & a good human being. On behalf of everyone at #mufc, I would like to wish him well for the future.”

Champions Chelsea lifted the Premier League trophy after beating Sunderland 3-1. Steven Fletcher put the visitors ahead in the 26th minute – his first goal in 26 games, before Diego Costa (who came in for Didier Drogba, who had to be chaired off the pitch by most of his team-mates) levelled with a 37th-minute penalty, getting his 20th goal of the season. Loic Remy scored the second on 70 minutes, with the assist going to Eden Hazard, and the French striker added the third in the dying minutes.

The current fuel scarcity, which started like the normal low-fuel circulation, occasionally witnessed by Nigerians, is biting harder by the day. The situation, which fluctuated a few times between mid-March, when the country was preparing for the presidential and the gubernatorial polls, has gone from bad to worse. While the Premium Motor Spirit, otherwise known as Petrol now sells for N200 or N300 in some states, residents in others states pay as high as N500.

NIGERIA Labour Congress, NLC, yesterday in Lagos, threatened to direct workers to stay at home should the current fuel scarcity get prolonged. NLC, in a statement by the Joe Ajaero-led faction of Congress, lamented that with petroleum products’ prices as high as N350 per litre, claims and counter-claims between Finance Minister, Ngozi Okonjo-Iweala and marketers over so-called N159 billion subsidy payments and all state actors looking indifferent, Nigeria was the only country on earth which unacceptably and criminally denied its citizens basic sources of energy, fuel and electricity.

Three years after Nigerians grudgingly submitted to the federal government's conditions for removing fuel subsidy, government-controlled prices for petroleum products continue to impede the effective implementation of subsidy reforms. Local refineries in Nigeria are either comatose or perform below refining capacity. The practice of adopting uniform benchmark pump prices and reimbursing marketers for their transportation expenses has infamously stifled productivity,

Former President Olusegun Obasanjo Former President Olusegun Obasanjo fired a fresh salvo the way of President Goodluck Jonathan, on Sunday, when he looked back at the last eight years and returned with a verdict: The country had been poorly managed under Jonathan. Obasanjo said this when the Iyalode of Yoruba land, Chief Alaba Lawson, led a delegation of South-West women leaders on a visit to his Hilltop residence in Abeokuta.

Players such as Lionel Messi, Thierry Henry and Diego Forlan have won the European Golden Shoe in the past few seasons, with Luis Suarez and Cristiano Ronaldo as the latest winners of the award following their 31 goals in 2013-14. The weightings are determined by the league's ranking on the Uefa coefficients. Goals scored in the top five leagues are multiplied by a factor of two, and goals scored in the leagues ranked six to 21 are multiplied by 1.5. Goals in all other leagues are worth one single point.

Didier Drogba Didier Drogba announced on Sunday that the Premier League game against Sunderland would be his last as a Chelsea player. However, Drogba has no plans to retire from football just yet and will leave Stamford Bridge to pursue his playing career. The 37-year-old striker returned to the club last summer on a one-year deal and helped win a fourth Premier League title.

Alhaji Aliko Dangote Dangote Cement Plc says it will inaugurate its 2.5 million tonnes per annum cement plant in Ethiopia on Thursday as the company inches towards the mark of 40 mtpa global production capacity before the end of 2015. Located in Mugher District, the cement plant is said to be the single largest investment by an African in that country and the fifth offshore cement plant of the company to be rolled out in the last one year in Africa, coming after Senegal, Cameroon, South Africa and Zambia.

A formal request for extradition from the Embassy of the United States of America triggered the siege laid by operatives of the National Drug Law Enforcement Agency on Buruji Kashamu's house in Lagos, Saturday, the anti-drug agency has said. According to the NDLEA, Mr. Kashamu's house arrest was to pave the way for his arraignment before the Federal High Court on Monday.