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Some high profile personalities in the country are being investigated by the Economic and Financial Crimes Commission. Reports say some of those being probed are; Justice Walter Onnoghen; Governor Ayodele Fayose of Ekiti State; his predecessor and the current Minister of Solid Minerals Development, Dr. Kayode Fayemi and the immediate...
Neptune Prime has been informed that a new train head has been taken to Rijana and the stranded passengers are on their way to Abuja. This shows the commendable responsiveness of the management of the Nigeria Railway Corporation. Please read: Abuja Train Passengers stranded in Rijana, kidnappers’ den
On May 30, 2017, the Nigerian Minister of Agriculture, Audu Ogbeh, announced that Nigeria will export 70 metric tons of yam to the US, UK and China. According to the minister, the first container of yams was to leave Nigeria on June 29, 2017. It is believed that the...
Some stakeholders in the aviation sector, including members of the National Assembly, are worried that investors from some Middle East countries are expressing interest in the planned concession of Nigerian airports. The Guardian learnt that the interests thus far received from countries like Turkey, Saudi Arabia and Qatar are bothering...
PRESS RELEASE 2018 NEW YEAR MMESSAGE Good morning Members of the Press. On behalf of all the members of the esteemed Alumni of the International Institute of Islamic Banking and Finance, Bayero University Kano, I send our goodwill and best wishes to fellow Nigerians especially those in the financial industry. We are aware...
The Nigerian Senate has begun investigations into the alleged revocation of OML 13 which was re-awarded to Nigerian Petroleum Development Company, a subsidiary of the NNPC by executive authorisation. The Senate is also summoning Managing Director of Shell Petroleum Development Company of Nigeria Limited, SPDC, over its involvement in the revocation...
By Sunday Ogene,  Abuja In the midst of the much-touted fight against corruption by the present administration, Nigerians still await the probe of the Minister of State for Petroleum, Ibe Kachikwu, on the over N1 billion allegedly drawn by him and his ally, Dimebi Kachukwu, from First Bank Private Investment account. Vice President,...
By Ahmad S. Gimba It was something to celebrate as the federal government issued its first Sukuk which marked a turning point and a historical milestone in the Nigerian economic drive amidst financial and economic trepidation. But the recent announcement by the Nigeria Bureau of Statistics (NBS) that Nigeria is out of...
From Abdallah el-Kurebe The Rice Farmers Association of Nigeria (RIFAN) has inaugurated the Implementation and Rapid Response Committee (IRRC) for the pilot phase of the CBN/RIFANModel Anchor Borrowers’ Programme. Inaugurating the committee at the RIFAN headquarters in Abuja on Thursday, ‎the National President, Alhaji Aminu Goronyo, represented by the National Vice President, Alhaji Abdullahi Yawa‎ stated...
The World Bank has cautioned the Nigerian against borrowing to develop the nation’s infrastructure and stimulate the economy. World Bank Senior Economist, Gloria Joseph-Raji, said this in reaction to Mrs. Kemi Adeosun's comments that the administration needs to borrow more to achieve infrastructural development. Adeosun had said at a press conference marking the...