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Latest News 2019 and the political parties Ekweremadu: Should the Cicero return to the Senate? asks Law Mefor MTN Scandal: CBN defends sanctions on indicted banks, reassures foreign investors Ex-President’s son, 14 others banned from leaving Liberia over ‘missing’ $60m Priest commits suicide in church after assault claim Buhari orders IGP not to invite Senator Adeleke over alleged exam malpractice Family of 6 burnt in gas explosion Heads will roll if Osun governorship election is rigged: Civil society group warns APC paying security officials to rig Osun poll: PDP Sacked government officials in Benue abscond with vehicles Lawyer demands N600 million unpaid legal fee from Fayose ANN will deliver $4trillion economy within ten years — Presidential aspirant Olawepo-Hashim

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (394,658 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (375,797 views) Shameless Genevieve Nnaji exposes breasts in public (307,326 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (249,890 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (231,418 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,204 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (199,356 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (180,991 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,066 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (162,990 views) Lagos plane crash: Journalist releases victims’ names (157,666 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,534 views)

 

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

$10bn fraud: NLC blasts MTN, demands refund to FG

$10bn fraud: NLC blasts MTN, demands refund to FG The Nigeria Labour Congress (NLC) has urged communication giant, MTN Nigeria to comply with the directive of the Federal Government to pay the over $10 billion tax arrears and illegal repatriation. Mr Ayuba Wabba, NLC president, made the call in a statement on Sunday in Abuja. Specifically, he said the NLC...... more

Bank of Industry, Export-Import Bank of China sign MoU on $500m financing support

Bank of Industry, Export-Import Bank of China sign MoU on $500m financing support The Bank of Industry (BOI), Nigeria’s leading Development Finance Institution (DFI), and the Export-Import Bank of China (CEXIM) have signed a Memorandum of Understanding (MoU) on a $500 million financing support. Speaking on the development on Sunday, the bank’s Managing Director/Chief Executive Officer, Mr. Olukayode Pitan, said the partnership has an...... more

Insurance: NAICOM releases business conduct, sanctions in new Tier-Based Regime

Insurance: NAICOM releases business conduct, sanctions in new Tier-Based Regime The National Insurance Commission (NAICOM) on Sunday released conduct of business practices and sanctions for insurance companies under the new Tier-Based Minimum Solvency Capital (TBMSC) regime. A statement signed by the Director Supervision, NAICOM, Mr Barineka Thompson, said the ethical codes would enhance soundness of insurers. NAICOM explained that in the...... more

How South-East will benefit from FG’s industrial investments ― Buhari

How South-East will benefit from FG’s industrial investments ― Buhari President Muhammadu Buhari on Friday said the South-East will richly benefit from the new industrial investment plans which will soon be implemented in Nigeria’s textile sector. President Buhari gave this assurance when he received traditional rulers from Abia State led by His Royal Majesty, Dr. Isaac Ikonne, Enyi 1 of Aba...... more

Okowa receives US Ambassador to Nigeria •Calls on international community to sponsor skill acquisition programmes for Nigerians

Okowa receives US Ambassador to Nigeria •Calls on international community to sponsor skill acquisition programmes for Nigerians TO ensure a peaceful and more progressive country, Governor Ifeanyi Okowa of Delta State has called on the international community to engage in the sponsorship of training programmes for Nigerian youths in the area of skill acquisition. Governor Okowa made the call on Thursday when the Ambassador of the United States...... more

Public sector strikes counterproductive, says FG *Nigeria loses about $2 billion yearly due to poor healthcare

Public sector strikes counterproductive, says FG *Nigeria loses about $2 billion yearly due to poor healthcare The Federal Government on Thursday expressed concern over the spate of industrial crises in the health sector, saying “incessant strikes in public sector are counterproductive.” The government which stated that Nigeria has been losing foreign exchange drain estimated at about $2 billion yearly, due to loss of confidence in the health...... more

5 banks land in trouble for aiding corruption

5 banks land in trouble for aiding corruption The Central Bank of Kenya on Wednesday penalised five banks in the East African nation for facilitating the transfer of money looted from the National Youth Service (NYS). The banks have been fined between 200,000 dollars and 1.5 million dollars for their role in the scandal, Central Bank Governor, Patrick Njoroge,...... more

MTN says $10.1bn Nigeria demand makes local listing challenging

MTN says $10.1bn Nigeria demand makes local listing challenging A $10.1 billion demand by Nigerian authorities from South African telecoms group MTN makes its planned debut stock market listing in the country “pretty challenging and awkward”, the group’s chief financial officer said on Wednesday. Nigeria’s central bank has asked MTN to repatriate $8.1 billion in monies sent abroad, claiming the...... more

Apple unveils largest iPhone

Apple unveils largest iPhone Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones. The relatively small changes to its lineup, following last year’s overhauled iPhone X, were widely...... more

Nigeria’s tax system weak, says US

Nigeria’s tax system weak, says US The United States (U.S.) Ambassador to Nigeria, Mr Stuart Symington has attributed poor social infrastructure development in Nigeria to the weak system of tax collection in the Country. Symington made this known on Tuesday, while speaking at the 10th-anniversary colloquium of the Nigerian Development Finance Forum, organised by Financial Nigeria Magazine...... more

Nigeria, China in $2b cotton deal

Nigeria, China in $2b cotton deal Memorandum of Understanding (MoU) on first-ever cotton value chain industry, worth two billion US dollars. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, unveiled the deal in Abuja where he said the agreement was signed with Shandong Ruyi International Fashion Industry. The minister explained that the agreement would involve...... more

Nigeria’s Attorney General exceeded powers in $2bn tax bill: MTN

Nigeria’s Attorney General exceeded powers in $2bn tax bill: MTN Nigeria’s attorney general exceeded his powers in demanding $2 billion in taxes and charges from MTN Group, the telecoms firm said in papers filed with Nigeria’s High Court and reviewed by Reuters. The papers, filed on Monday in a move by the Nigerian arm of the South African firm aimed at...... more

US links Nigeria’s poor social services to inefficient energy sector

US links Nigeria’s poor social services to inefficient energy sector The United States on Tuesday linked Nigeria’s poor social service delivery system to its continued practice of state-sponsored subsidy for petroleum products consumption in the country and refusal to allow its electricity market operate on market-based principles. According to the US, the decision of the country to continue to transfer public...... more

Another economic recession may be imminent — Financial Experts

Another economic recession may be imminent — Financial Experts The Nigerian economy will require more deliberate policy measures and engagements than the current responses in order to avert another recession, experts at the First Securities Discount House Limited (FSDH) have warned. In an interview with journalists last weekend, the Head of Research, Ayodele Akinwunmi, noted that the real Gross Domestic...... more

$2.9bn Paris Club refund: FG bars states owing salaries

$2.9bn Paris Club refund: FG bars states owing salaries The Federal Government said states must clear backlog of salaries and other related staff arrears before they would be able to access the remaining 2.69 billion dollars Paris Club Refund. The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, on Tuesday, said the Federal Government would commence phased payments...... more

Niger Delta must benefit maximally from its resources — PANDEF •Okorotie tasks FG on restructuring

Niger Delta must benefit maximally from its resources — PANDEF •Okorotie tasks FG on restructuring The Pan Niger Delta Forum (PANDEF) on Tuesday said the people of the Niger Delta must benefit maximally from its resources, through a restructured Nigeria, to ensure sustainable peace and stability in the region. National Chairman of PANDEF, Air Commodore Idongesit Nkanga (rtd.), stated this during the second national executive committee...... more

 

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