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Over N430 billion was recovered by the EFCC between January and August this year from those who looted the treasury, the anti-graft agency has said. The Acting Chairman of the Economic and Financial Crimes Commission,  Ibrahim Magu gave the details of the monies recovered during a Public Lecture delivered at...
The train leaving Kaduna for Abuja which was due to arrive at 4pm is right now stranded in Rijana, a town notorious for the spate of kidnappings being witnessed along Abuja-Kaduna road. A lot of people, including the society’s highly placed, now prefer to undertake the relatively short journey from...
Three years after facing a record-breaking $5.2 billion fine in Nigeria, South Africa’s telecommunications giant, MTN, has again been fined by the Central Bank of Nigeria (CBN) to the tune of $8.134 billion over foreign exchange. Others are N2.4bn fine on Standard Chartered, N1.8bn on Stanbic IBTC, N1.2bn on Citibank,...
Dangote industries, the crude oil refinery built in Lagos is a threat to refineries in Europe, the citizens of Nigeria relies mostly for the imports of fuel, a global provider of energy and commodities information has record. The Editorial Director, Strategic Oil Markets Development, S&P Global Platts, Andrew Bonington, said at...
By Juliet Odey The Federal Inland Revenue Service (FIRS) has expressed its commitment to raise Nigeria’s Gross Domestic Product by 20 percent with taxes before the end of year 2018. This was revealed in a communique after the Joint Tax Board where it said the country’s tax administrators have a sense...
Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala Usman has reiterated the determination of the Authority to support the completion of all deep sea Ports projects across the country, considering their potential to the future maritime activities of the nation. According to the Managing Director, the early completion of the...
Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to President Muhammadu Buhari requesting him to suspend the Group Managing Director of the Nigeria National Petroleum Corporation, Maikanti Baru, following allegations of corruption against him by the Minister of State for Petroleum. The letter asked the President to...
From Edem Comfort, Abuja President Muhammadu Buhari has launched the Abuja metro rail line. Mr Buhari launched the line this Morning at the new metro station in Central Business District (CBD), Abuja. After the launch, the president and other dignitaries and journalists took a ride from the CBD metro station to Nnamdi...
Oluwarotimi Makinde Fresh facts have emerged as to the underlying reasons the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, was removed as the Group Managing Director of the Nigeria National Petroleum Corporation(NNPC), after serving in that capacity for a period of 11 months. According to a letter cited by...
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...