Alleged $2.5bn Arms Scandal: Stop Peddling Fictional Tales, APC Tells PDP
The All Progressives Congress, APC, has urged the Peoples Democratic Party (PDP) to wake up to its responsibility of providing…
Category: Local
Don’t Spend Over $1.5bn Embalming On A Dead Refinery – Dino Melaye Tells Buhari
Former Senator representing Kogi West Senatorial district, Dino Melaye has also faulted the approval of $1.5bn for the renovation of Port Harcourt…
Kano Consumer Council Impounds N300m Expired Drugs
THE Kano State Consumer Protection Council on Thursday confiscated fake drugs worth over N300 million following raids on a warehouse…
Rivers Court Denies Dutch Couple Bail Over $330,000 Oil Vessel Fraud
A Federal High Court sitting in Port Harcourt, Rivers State, on Thursday denied a Dutch national, Pieter Borremans and his…
Sirika Seeks Private Sector Support For Aviation Infrastructure
Minister of Aviation, Hadi Sirika, has stressed the need for Nigeria to attract private investors that will support the funding…
Consumers Lament Tariff Increment Amidst Economic Downturn
Prepaid electricity consumers have decried increase in tariff endorsed by the Nigerian Electricity Regulatory Commission (NERC). They said it was…
DPR Remits N2tn to Federal Government, Seals 11 Filling Stations
The Department of Petroleum Resources on Thursday announced that it generated over N2tn for the Federal Government in 2020, as…
‘It’s To Protect Local Industries’ — Emefiele Defends Stance On FX Restriction For Milk Importers
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale…
Nigeria’s Crude Oil Production Declined By 19.6% In Q4
Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in…
Italy Court Acquits Eni, Shell And All Defendants In Nigeria Graft Case
A Milan court on Wednesday acquitted energy groups Eni and Shell along with a series of past and present managers…
DMO: Federal Government Of Nigeria Spent $243m On External Debt Service In 2020
The federal government expended a total of $243 million on debt servicing between January and December 2020. This is contained…
Stellar Development Foundation Invests $750K In Nigeria Remittance Platform
The Stellar Development Foundation (SDF) just pumped $750,000 into Cowrie, a Nigeria-based fintech platform facilitating crypto remittance transfers. SDF said…
EXPLAINER: What The Newly-Revised USSD Service Charge Means For Bank Customers In Nigeria
The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021 that bank customers…
FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery
The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt…
200 Contractors Picket FHA Over N1.5bn Debt
Over 200 contractors of the Federal Housing Authority on Tuesday staged a protest at the headquarters of the FHA in…
Sterling Bank Appoints Two Directors
Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors in replacement of Ramesh…
No Fund Missing In Military Pensions, Says Board
The Military Pensions Board (MPB) has dismissed the allegation of missing N2.5 billion military pensions fund, describing the publications as…
NEITI Pursues Recovery Of $5.31bn, N69.51bn Unremitted Funds
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday said it had begun tracking over $5.31 billion and a separate N69.51…
Excitement, Commendations As Zenith Bank Pays N94.2bn Dividend
Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year ended December 31,…
Central Bank Of Nigeria Appoints KPMG Transaction Adviser For InfraCorp
The Central Bank of Nigeria (CBN) has engaged KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria…
Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that…
Nigerian New Bill ‘Could Empower lawmakers To Impeach President’ When Summon Is Ignored
A bill seeking to empower the national assembly to summon the president has passed the second reading at the house…
‘Nigeria Must Intensify Cyber Security Ahead Of Broadband Revolution’
To ensure maximum impact of the New National Broadband Plan (NNBP 2020-2025), Nigeria will need to pay adequate attention to…
We Gave Niger Delta Governors N100m Each As COVID-19 Palliatives – NDDC
The Niger Delta Development Commission (NDDC) has said that it gave each of the governors of the nine oil-producing states…
Continental Reinsurance Plc Positioned To Deliver Value Post-Covid Recovery Of African Nations
Almost 35 years after it was founded in Lagos, Nigeria, leading private pan-African reinsurer, Continental Reinsurance today announces it is…
FG Okays New N6.98 USSD Rate, Telcos Shelve Withdrawal
Telecommunications operators, yesterday, suspended planned withdrawal of Unstructured Supplementary Service Data (USSD) short code service, otherwise known as banks’ transfers…
EFCC Directs Bankers To Declare Assets By June 1
The Economic and Financial Crimes Commission (EFCC) has given bank employees June 1, 2021 deadline to declare their assets. EFCC…
Nigeria’s Inflation Rises Again, Hit Four-Year High In February
The consumer price index which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The National Bureau of…
Nigeria: Buhari Appoints Executive Directors For Islamic Development Bank, African Development Bank
President Muhammadu Buhari appointed two Nigerians to represent Nigeria’s interests in the African Development Bank, AfDB and Islamic Development Bank…
Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that…