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Latest News Nigerian rights group proposes agenda for permanent peace in the Middle East •Details of its “two-lands-in-one-state” solution Rescue team vows to find body of missing Army General 2019: Lagos APC ward chairmen endorse Sanwo-Olu No peace as long as any section of Nigeria is being treated as second class citizens — Turaki Widow bites 8-year old house help, lands in police net Why Gov. Yari cannot anoint a successor, By Ahmed A. Ahmed APC shifts presidential primary Ghana to deport 72 Nigerian ladies Day Delta Central stood still for Okowa, PDP LG Chairman escapes kidnap as bandits abduct 7 in Zamfara Osun election: APC blasts PDP for claiming victory 2019: Bauchi Govt. dismisses Pate’s claims, defends State APC’s adoption of Gov. MA Abubakar, President Buhari

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,767 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,866 views) Shameless Genevieve Nnaji exposes breasts in public (308,671 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,722 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,422 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,721 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,180 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,742 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,824 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,419 views) Lagos plane crash: Journalist releases victims’ names (158,216 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,951 views)

 

FIRS rakes in N13bn from billionaire tax debtors

FIRS rakes in N13bn from billionaire tax debtors The rich are embracing the Federal Government’s tax message – less than a month after billionaire tax evaders got a warning to pay up or face sanctions. The Federal Inland Revenue Service (FIRS) has raked in N12.66 billion from such billionaires who hitherto refused to file their tax papers. FIRS’ Executive...... more

Konga to invest N2.9bn in Kxpress to resolve e-commerce delivery issues in Nigeria

Konga to invest N2.9bn in Kxpress to resolve e-commerce delivery issues in Nigeria Olusiji Ijogun, Chairman of Konga, Nigeria’s composite e-commerce giants, has revealed that the company is set to invest N2.9bn in its logistics arm, Kxpress, to build a world-class delivery solutions company that will resolve the logistics challenges in Nigeria. He made this assertion when a section of the media caught up...... more

Please don’t go on strike, NNPC urges NUPENG, PENGASSAN

Please don’t go on strike, NNPC urges NUPENG, PENGASSAN The Group Managing Director (GMD), NNPC, Dr Maikanti Baru, has urged oil workers to halt their planned strike over a labour dispute involving Chevron Nigeria Limited (CNL) management and the staff. The unions are National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff...... more

BON elects Ismail Chairman Zone D

BON elects Ismail Chairman Zone D The Broadcasting Organisation of Nigeria (BON) has elected Alh Ismail Sani as its Chairman for Zone D comprising of all the North Central states & the FCT. Sani, Chairman of Platinum Radio Keffi and Regional Director of the International Emergency Management Society (TIEMS), West African chapter emerged at the just concluded...... more

Skye Bank Takeover: Shareholders kick, to sue CBN, AMCON, others

Skye Bank Takeover: Shareholders kick, to sue CBN, AMCON, others Shareholder groups across the country have reacted bitterly to the takeover of Skye Bank Plc following the revocation of its operating license by the Central Bank of Nigeria (CBN) on Friday. The CBN had revoked the operating licence of the bank and subsequently transferred its assets and liabilities to a newly...... more

Bayelsa among top foreign investment destinations in Nigeria, says NIPC

Bayelsa among top foreign investment destinations in Nigeria, says NIPC The Bayelsa State Government has expressed delight over recent ratings by reputable organisations, confirming the state as being financially stable, fiscally responsible and generally peaceful for investment and leisure. The Commissioner for Information and Orientation, Daniel Iworiso-Markson, made the feelings of the government known while reacting to the latest feat contained...... more

Port Access Roads: Stakeholders groan as economy suffers

Port Access Roads: Stakeholders groan as economy suffers Some maritime stakeholders have urged the Federal Government to fast-track the ongoing reconstruction of access roads to Lagos ports to save the economy from losing N5 billion daily. The stakeholders, speaking to the News Agency of Nigeria (NAN) on Saturday in Lagos, said the bad state of the roads was exerting...... more

Skye: AMCON pumps N786bn into new Polaris Bank

Skye: AMCON pumps N786bn into new Polaris Bank Assets Management Corporation of Nigeria (AMCON) is injecting through ₦786 billion into new Polaris Bank as a way of returning it to soundness and profitability. Polaris Bank is the bridge bank unveiled by Central Bank of Nigeria (CBN) Governor, Godwin Emefiele on Friday to take over the business of Skye Bank,...... more

Rivers displaces Lagos as top investment destination

Rivers displaces Lagos as top investment destination Rivers State dislodged Lagos State as the number one foreign investment destination in Nigeria in the first half of 2018, according to an investment profile report by the Nigeria Investment Promotion Commission (NIPC). Rivers received 35% of the $45.74 billion invested in 42 projects in nine states and the Federal Capital...... more

CBN injects $317.52m, CNY 58.40m into Forex market

CBN injects $317.52m, CNY 58.40m into Forex market The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $317.52million in that segment of the market in addition to CNY58.40 million in the spot and short-tenored forwards segment. The figures obtained from the apex Bank on Friday...... more

NNPC denies hiding $470.5m, N8bn in commercial banks

NNPC denies hiding $470.5m, N8bn in commercial banks The Nigerian National Petroleum Corporation (NNPC) says it has no hidden 470.5 million dollars and N8 billion in any commercial bank as alleged by the Nigerian police. The NNPC in a statement by its Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, in Abuja on Friday, explained that the...... more

BREAKING NEWS: CBN revokes Skye Bank’s licence

BREAKING NEWS: CBN revokes Skye Bank’s licence The operating licence of Skye Bank has been withdrawn, Governor of the Central Bank of Nigeria (CBN), Godwin I. Emefiele, CON, announced on Friday evening in Abuja, the nation’s capital. He told the media: “You will recall that on 4th July 2016, we took a regulatory action on Skye bank Nigeria...... more

Nigeria’s foreign debt hits $22.08bn

Nigeria’s foreign debt hits $22.08bn The National Bureau of Statistics (NBS) says the country’s foreign debt stands at 22.08 billion dollars and the domestic debt N3.48 trillion. The bureau disclosed this in its “Nigerian Domestic and Foreign Debt’’ Q2 2018 report released in Abuja, on Friday. According to the bureau, further disaggregation of Nigeria’s foreign debt...... more

MTN shares rise after Nigeria says reviewing information to resolve $8.1bn dispute

MTN shares rise after Nigeria says reviewing information to resolve $8.1bn dispute Shares in South Africa's MTN rose 5% on Thursday, after Nigeria's central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over a dispute on the repatriation of dividends. "The statement suggests there are some talks going on and the market welcomed the...... more

$470.5m NNPC Brass LNG fund found hidden in banks: Police

$470.5m NNPC Brass LNG fund found hidden in banks: Police The Nigerian Police Force announced today that it was able to trace $470.5million belonging to NNPC Brass LNG squirrelled away in some accounts in some commercial banks in Nigeria. Even more stunning, the police also said they traced another N8,807,264,834.96, belonging to the same project in the banks. According to the...... more

AfDB bans consulting firm for fraud

AfDB bans consulting firm for fraud The African Development Bank Group on Thursday banned for 48 months, Geo Sciences International Sarl, a consulting firm based in Yaoundé, Cameroon for alleged fraudulent practices. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that GEO SCIENCES engaged in numerous fraudulent practices in bidding for a consulting...... more

Ibom International Airport MRO to begin operations

Ibom International Airport MRO to begin operations Akwa Ibom State government has reiterated its readiness to ensuring that the Maintenance, Repair and Overhaul (MRO) Unit of Ibom International Airport is made functional for enhancement of aviation services in the country. The State Governor, Mr Udom Emmanuel, stated this while receiving a report of Assessment of the Maintenance, Repair...... more

Tony Elumelu Foundation to launch world’s largest digital platform for African Entrepreneurs at TEF Forum 2018

Tony Elumelu Foundation to launch world’s largest digital platform for African Entrepreneurs at TEF Forum 2018 Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem –  TEFConnect. TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at Federal Palace Hotel, Lagos, Nigeria. Harnessing and building...... more

FG’s Economic Management Team meets on minimum wage, budget

FG’s Economic Management Team meets on minimum wage, budget Vice President, Yemi Osinbajo presided over the meeting of the Economic Management Team (EMT) meeting, specially dedicated to discuss the review of the national minimum wage. The meeting, which held at the Presidential Villa, had in attendance the Ministers of Finance, Zainab Ahmed, Budget and National Planning, Udoma Udo Udoma, Industry,...... more

Forex: CBN intervenes again with $210m

Forex: CBN intervenes again with $210m The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the bank offered $100 million to authorised dealers in the wholesale segment of the market, while the...... more

Why NNPC opted for contractor-financing of pipeline projects — Baru

Why NNPC opted for contractor-financing of pipeline projects — Baru The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its pipeline and other facilities development in recent times in the Industry. Delivering the Keynote speech at the Nigerian International Pipeline Technology and Security Conference (NIPITECS 2018) Tuesday in Abuja, the NNPC Group Managing Director, Dr....... more

NPC raises alarm over low birth registration in Ogun

NPC raises alarm over low birth registration in Ogun The National Population Commission (NPC) on Tuesday raised the alarm over the high rate of unregistered children in Ogun. The State Director of NPC, Mr Gbolahan Olude, told a UNICEF-backed meeting on media campaign for promoting birth registration that the situation called for a redress. Olude lamented that the state, according...... more

Stanbic IBTC takes financial literacy campaign to Covenant University

Stanbic IBTC takes financial literacy campaign to Covenant University In a move to impact financial knowledge on Nigerian youths, Stanbic IBTC Bank, in partnership with Creative Youth Community Development Initiative, a Wole Soyinka Foundation has organised a Financial Literacy forum for students of Covenant University, Ota, Ogun State during which they were taken through basis issues in finance, banking and...... more

Naspers to unbundle and list MultiChoice

Naspers to unbundle and list MultiChoice The transformation of Naspers, which was founded more than a century ago to produce Dutch-language newspaper De Burger, into an online-only behemoth is almost complet Africa’s most valuable company, which owns a 31% interest in Chinese internet giant Tencent, said on Monday it planned to unbundle its pay-TV business MultiChoice onto...... more

Nigeria facing serious revenue challenges — Finance Minister

Nigeria facing serious revenue challenges — Finance Minister The supervising Minister of Finance, Zainab Ahmed, has said that Nigeria is facing serious revenue challenges and assured that the ministry will do everything possible to shore up the revenue base of the country. The minister stated this on Monday when she assumed duties at the Ministry of Finance. She said,...... more

FG, Niger Republic to partner on rail construction — Amaechi

FG, Niger Republic to partner on rail construction — Amaechi The Minister of Transportation, Chief Rotimi Amaechi, says the Federal Government is partnering with the government of Niger Republic to construct standard gauge rail-line to attract and facilitate businesses to Nigerian ports. Amaechi said this at the opening of the maiden edition of the International Association of Port and Harbours (IAPH),...... more

Nigerians prefer mobile phones to toilets: UNICEF

Nigerians prefer mobile phones to toilets: UNICEF The United Nations Children’s Fund (UNICEF) has expressed concern over the poor attitude of people towards healthy sanitary conditions, saying Nigerians prefer cell phones to improved toilets. Specifically, the UN agency said 140 million Nigerians have cell phones more than toilets in Nigeria. The Chief of Water and Sanitation Hygiene (WASH),...... more

Buhari, Abdulsalami, Amaechi grace opening of first IAPH Maritime Regional Conference

Buhari, Abdulsalami, Amaechi grace opening of first IAPH Maritime Regional Conference President Muhammadu Buhari on Monday advised African nations to take full advantage of maritime endowments within the continent as part of measures to strengthen economic development. Speaking at the opening ceremony of the first International Association For Ports and Harbours (IAPH), Africa Regional Conference hosted by the Nigerian Ports Authority in...... more

Tax default: Oyo Govt. seals 13 banks in Ibadan

Tax default: Oyo Govt. seals 13 banks in Ibadan Business activities were on Monday morning paralysed as many banks in Ibadan, Oyo state capital, were sealed by the officers of Oyo state board of internal revenue under the task force team tagged Oyo State Inter ministerial Enforcement Unit for their failure to pay Environmental Developmental Levy (EDI) levy in the...... more

Illegal repatriation of revenue: CSNAC petitions EFCC, seeks probe of MTN, collaborators

Illegal repatriation of revenue: CSNAC petitions EFCC, seeks probe of MTN, collaborators The Civil Society Network Against Corruption (CSNAC) has urged the Economic And Financial Crimes Commission (EFCC) to investigate the alleged illegal repatriation of export revenue by communication giant company, MTN, and her collaborators. In a petition forwarded to the EFCC and signed by CSNAC’s chairman, Mr. Olanrewaju Suraju, the Network said...... more

 

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