• Serving judges can’t do business, says witness

    THE Chief Registrar of the Supreme Court, Ahmed Saleh, testifying as  the second prosecution witness yesterday in the on-going trial of Justice Sylvester Ngwuta, said it is not legal for a serving judge to engage in any other business. Supreme Court Justice Ngwuta is being tried before the Federal High ...

  • Buhari to CBN: release N500b Paris Club cash

    President advises governors to pay salaries, pension STATES got a piece of cheery news yesterday. President Muhammadu Buhari directed Minister of Finance Mrs. Kemi Adeosun and Central Bank of Nigeria (CBN) Governor Godwin Emefiele to quickly facilitate the payment of the second tranche of the London-Paris Club refund to – ...

  • No Duty Too High To Save Hameed Ali

    In the last two years since Hameed Ali was appointed Comptroller General of the Nigeria Customs Service, I do not recall ever seeing him in uniform. But since the retired army colonel is not harming himself or any third party by not wearing uniform, I have gradually reconciled myself to ...

  • Naira Firms As CBN Clears More BDC For Dollar Sales

    The value of the naira firmed at the parallel market as the Central Bank of Nigeria sold more dollars to banks as well as bureau de change operators. Having sold $150 million to authorized foreign exchange dealers on Wednesday, the apex bank also offered $100 million at the interbank market ...

  • Ile – Ife: Arewa Youth Group Appeals For Peace

    Worried by ethnic crisis that recently engufed Ile – Ife in Osun state, the Arewa Youth Forum, (AYF) yesterday called on all citizens to eschew peace and understanding. Rising from it meeting in Kaduna, the group it was worried that some ethnic jingoist can take the law into their hands ...

  • FOREX: CBN offers, receives bids for $100m

    The Central Bank of Nigeria (CBN) says it has offered and received bids for $100 million from authorized dealers in the interbank market to meet the requests of genuine customers. The CBN spokesman, Isaac Okorafor, disclosed this on Thursday, March 16, 2017, adding that the sales will be settled on ...

  • London-Paris Club Refund: PMB Orders Release Of Second Tranche To States

    President Muhammadu Buhari has directed the Minister of Finance, Mrs. Kemi Adeosun and the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to act appropriately and with dispatch in releasing the second tranche of the London-Paris Club refunds to the states in order to ease their financial burdens. ...

  • We must act now to address and prevent famine in four countries - UN relief chief

    Source: UN Office for the Coordination of Humanitarian Affairs, Thomson Reuters Foundation Country: Nigeria, Somalia, South Sudan, YemenThe world is facing the largest humanitarian crisis since the end of the Second World War, with almost 130 million people in 33 countries in need of life-saving humanitarian assistance and protection.by Stephen O'Brien ...

  • Nigeria will soon get out of recession – World Bank

    The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager, International Finance Corporation, a member of the group, made the observation in an interview with the News Agency of Nigeria in Lagos on Thursday. ”In our perspective and with the numbers that we have ...

  • New public procurement law raises contract mobilisation fee from 15% to 50%

    John Ameh, Abuja New changes have been introduced into public procurement to shorten contract processing and execution period. These were contained in a “Bill for an Act to Amend the Public Procurement Act, 2007,” which passed Third Reading at the House of Representatives in Abuja on Thursday. One of the ...

  • Reps to probe Customs ban on auction of seized goods

    The House of Representatives on Thursday in Abuja mandated its Committee on Customs and Excise to investigate the failure of the Nigerian Customs Service to auction confiscated goods. This followed adoption of a motion on the “Need to Investigate the Failure of the Nigerian Customs Service to Auction Confiscated Goods’’. ...

  • Buhari orders fresh Paris Club refund to states 

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to immediately release the second tranche of the London-Paris Club refunds to states. He said the presidential order should be carried out “appropriately ...

  • Stakeholders agree on 24-hour services in Nigerian ports

    Stakeholders have agreed that the maritime industry should operate for 24 hours to facilitate efficient cargo handling and delivery services to consignees. The stakeholders reached the concensus in a communique issued at the end of a one-day Town Hall Meeting on Cargo Handling and Port Charges organised by Publishers of Business ...

  • Buhari orders CBN, Finance Ministry to pay states London-Paris Club refunds

    President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to act appropriately and with dispatch in releasing the second tranche of the London-Paris Club refunds to the states in order to ease their financial hardships. He gave ...

  • Customs Seme Command Generates N773.1m In February

    The Nigeria Customs Service (NCS), Seme Command, generated N773.1million as revenue in February 2017. The Spokesperson of the command, Mr Selechang Taupyen, said this on Thursday in Seme, near Badagry. He said that the command made 61 seizures with a Duty Paid Value (DPV) of N62.6 million. “The command generated ...

  • El Gobierno sigue sin apoyos para convalidar el decreto de la estiba tras anunciar Ciudadanos su abstención

    El secretario general de Ciudadanos, José Manuel Villegas, ha anunciado que sus 32 diputados se abstendrán en la convalidación del decreto ley que liberaliza la estiba que se debate este jueves en el Pleno del Congreso y sólo el PNV se mantiene abierto a apoyarlo, lo que implica que el ...

  • (Amp.) Ciudadanos anuncia su abstención en el decreto ley de la estiba

    El secretario general de Ciudadanos, José Manuel Villegas, ha anunciado que su partido se abstendrá en la convalidación del decreto ley que liberaliza la estiba que se debate en el Pleno del Congreso de este jueves, por lo que al Gobierno se le complican las cosas para poderlo sacar adelante ...

  • Economía.- El Gobierno sigue sin apoyos para convalidar el decreto de la estiba tras anunciar Ciudadanos su abstención

    MADRID, 16 (EUROPA PRESS) El secretario general de Ciudadanos, José Manuel Villegas, ha anunciado que sus 32 diputados se abstendrán en la convalidación del decreto ley que liberaliza la estiba que se debate este jueves en el Pleno del Congreso y sólo el PNV se mantiene abierto a ...

  • Economía.-(Amp.) Ciudadanos anuncia su abstención en el decreto ley de la estiba

    br /> MADRID, 16 (EUROPA PRESS) El secretario general de Ciudadanos, José Manuel Villegas, ha anunciado que su partido se abstendrá en la convalidación del decreto ley que liberaliza la estiba que se debate en el Pleno del Congreso de este jueves, por lo que al ...

  • Customs suspend import duty payment on old vehicles

    Ifeanyi Onuba and Anna Okon The Nigeria Customs Service on Wednesday announced the suspension of the implementation of the payment of import duties on old vehicles. The suspension is in compliance with an earlier directive by the Senate that the policy, which has generated controversies, should be suspended. A statement ...

  • Adeosun resolves PenCom, NAICOM rift over N140bn annuity fund

    Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings to Pension Fund Custodians. The intervention of ...