The Federal Government has said it plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred a reversal of its 2015 budget downwards.
President Goodluck Jonathan submitted the revised budget figures to lawmakers last week, proposing to spend 458.68 billion naira ($2.59 bln) on petrol subsidy in 2015, down from 971.14 billion naira presented for 2014.
It also assumed further cuts to petrol subsidies in 2016 to 408.68 billion naira and 371.18 billion naira for 2017.
The Minister of finance and...
Tuesday, November 25, 2014
Monday, November 24, 2014
3 priests, teacher arrested in sex abuse case
By Al Goodman, CNN
UPDATED: NOV 24, 2014 17:27 GMT
It might all have remained a dark secret, if a young man who was an alleged victim of sexual abuse hadn't written a letter to the Vatican. And then gotten a surprise phone call from Pope Francis, according to a Spanish digital newspaper.
On Monday, Spanish police arrested three Catholic priests and a religion teacher on suspicion of abusing a minor, Spain's interior minister announced.
A court statement from Granada confirmed the arrests of four people "for a case of sexual abuse," and said it...
US defence Secretary to step down from post
Chuck Hagel has resigned as US defence secretary after less than two years in the top military post.
President Barack Obama confirmed his resignation and paid tribute to his "class and integrity".
Mr Hagel, 68, a Vietnam war veteran and former Republican senator, said it had been his life's "greatest privilege".
Last month, it was reported that he was sharply critical of the US strategy against Islamic State and in relation to the Syria regime.
He...
Cleveland police shoot dead boy, 12, carrying fake gun
A 12-year-old boy has been shot dead by police in the US city of Cleveland, after brandishing what turned out to be a fake gun in a playground.
Police say an officer fired two shots at the boy after he failed to obey an order to raise his hands.
A caller reported the boy to police for scaring people with a gun but said that he did not know if it was real.
One of the officers was in his first year on the local force, the other had more than 10...
Messi breaks Spanish goals record
Lionel Messi broke the Spanish league's all-time scoring record after hitting a hat trick in Barcelona's 5-1 victory over Sevilla.
It has been a season of records for the Argentine international who, at just 27, already holds the record as Barcelona's highest ever scorer in European competition.
But all eyes were on the diminutive striker at the Camp Nou stadium to see whether he cold break Telmo Zarra's 59-year-old record of 251 Spanish league...
