Why Delta will not get a kobo of Ibori loot – FG

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday ruled out accommodating Delta State in the spending of £4.2 million recovered looted funds associated with the family members of a former governor of the state, James Ibori. He said Nigeria would deviate from the agreement reached with...... read more


BREAKING: Senate moves to approve N2.3trillion fresh loan for Buhari

A fresh loan of $6.18billion or N2.3trillion would be obtained by President Muhammadu Buhari soon to finance the 2021 national budget if the Senate gives its nod to the request currently before it. The President, came via a fresh request to ask for the facility from outside sources, according to a...... read more


Row over Free Zones Reform: Investors threaten divestment, link Atiku to fresh move

Leading investors in Nigerian Free Trade Zones have threatened to commence divestment from the zones and have called on the board of Nigeria Export Processing Zones Authority (NEPZA) to summon a stakeholders' meeting. A leaked draft report from the Federal Ministry of Trade had proposed to transfer supervision of such private sector...... read more


Buhari hammers NPA MD over impropriety *Sets up panel to probe tenure

A panel of inquiry would begin sitting on Monday to probe the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, who was suspended by President Muhammadu Buhari, on Thursday. The offence for which the erstwhile convener of #BringBackOurGirls, is not known, who was first appointed to manage one of...... read more


BREAKING: Plot to steal £2.6million Ibori loot uncovered *Total £6.8million not £4.2million *Kinsmen call out AGF

The Oghara Development Union (ODU), Lagos branch has asked the Attorney General of the Federation, Abubakar Malami, to tell Nigerians the truth about the delay in repatriating the proceeds of assets confiscated from the three ladies in the Ibori trials. In a press statement of Tuesday 4 May, 2021, the union...... read more


BREAKING: NNPC recants on zero revenue allocation to FAC *Says, we're not broke

The Nigerian National Petroleum Corporation, NNPC, on Friday reversed its decision to make zero contribution to the Federation Account Allocation Committee, in the month of May, due to high cost of petrol subsidy. The Corporation in a statement by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru explained...... read more


Subsidy: No oil money to share anymore, we're broke - NNPC

The Nigerian National Petroleum Corporation has warned that it would not make any remittance to the Federation Account Allocation Committee (FAC) in the month of May after spending N111.966 billion to subsidy petrol consumption in March. NNPC’s Chief Financial Officer, Umar Isa in a letter to the Accountant General of the...... read more


Emefiele speaks on agric revolution: If Israel did it Nigeria can do far more

If Israel with its poor environmental endowment could become a giant in agricultural development and a world power in food production, Nigeria can do better, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has said. But this would depend on how the resilience and focus of stakeholders, particularly the academia, could...... read more


EFCC: We've nothing to hide, our doors are open, our books are open - Bawa

The Economic and Financial Crimes Commission (EFCC), will always leave both its doors and books open for scrutiny by the National Assembly and other authorities with oversight functions, its Chairman Abdulrasheed Bawa, said on Tuesday. Bawa told visiting Senate Committee on Anti-corruption and Financial Crimes, who called at the commission’s headquarters...... read more


FG moves to connect five million homes withoff-grid electricity *Osinbanjo praises NDPHC

Vice President Yemi Osinbajo has praised the management of the Niger Delta Power Holding Company (NDPHC) Limited for playing leading role in Federal Government’s plan to provide electricity to 25 million Nigerians through off-grid connections to five million homes. Osinbajo, who gave the commendation at the launch of 100,000 Solar Home...... read more


USSD feud: Banks must pay N42 billion debt - telcos *Urge CBN, NCC intervention

Telecommunication companies in Nigeria are insisting that banks must pay for the N42billion debt for the Unstructured Supplementary Service Data (USSD), and is seeking the intervention of the both the Central Bank of Nigeria and the Nigerian Communication Commission (NCC) to force them to do so. This follows the accumulation of...... read more


Obi was a champion of local businesses *How he lifted me up – 80-year-old industrialist

An industrialist and Founder of Modern Living Products Limited, Chief Martin Udeaja, has eulogised former Governor of Anambra State and 2019 Vice Presidential Candidate of the Peoples Democratic Party (PDP), Mr Peter Obi, for his visible contributions to the small business sector of the state and beyond. Udeaja, who recently marked...... read more


Two years after, Bayelsa airport opens for commercial flights *It's a dream come true - Diri

After months of expectation, the Bayelsa State-owned airport, on Saturday, finally got the nod of the Nigerian Civil Aviation Authority (NCAA) to commence commercial flight operations, more than two years after experiencing its first flight on February 15, 2019.    The NCAA Director General, Dr. Nuhu Musa, presented the regulatory body's...... read more


N60billion: Sack Finance Minister for lying to Nigerians – PDP

The Peoples Democratic Party (PDP), on Friday, demanded the sacking of the Minister of Finance, Zainab Ahmed, for denying that N60billion was printed by the Central Bank of Nigeria (CBN), to share at the Federation Account Committee (FAC), meeting in March. The party also called out President Muhammadu Buhari for the...... read more


N60billion controversy: Yes we printed money to save the economy – CBN

“That is our job. To print is about lending money. So, there is no need of putting all the controversy about printing of money as if we go into the factory, print the naira and start distributing on the streets.” These were the words of Governor of the Central Bank of...... read more


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