• $153m Diezani loot: EFCC set to declare ex-NNPC director wanted

    Eniola Akinkuotu, Abuja The Economic and Financial Crimes Commission may declare wanted a former Deputy Group Managing Director of the Nigerian National Petroleum Corporation, Ben Otti, if he refuses to make himself available to the commission, The PUNCH has learnt. Otti, who also served as Director of Finance and Accounts ...

  • Govt hires firms to monitor N510b budget facility

    The Federal Government has appointed eight accounting firms to monitor and evaluate the implementation of the 22-point Fiscal Sustainability Plan (FSP) which specified the conditions under which 35 state governments in June last year started accessing the N510 billion Budget Support Facility (BSF). A statement from the Federal Ministry of ...

  • Adeosun: $300m Diaspora bond out in March

    he Minister of Finance, Mrs Kemi Adeosun, yesterday said the $300 million Diaspora bond approved by the National Assembly would be rolled out in March. Mrs. Adeosun spoke yesterday when the Senior Special Assistant on Foreign Affairs and Diaspora, Mrs Abike Dabiri-Erewa,  visited her in Abuja. “The Diaspora bond which ...

  • Capeco participará de misión comercial en Emiratos Árabes

    La Cámara Paraguaya de Exportadores y Comercializadores de Cereales y Oleaginosas (Capeco) hará una misión comercial a Emiratos Árabes Unidos (EAU) entre el 15 y el 18 del corriente, para ampliar el canal de envíos de granos de soja, sus derivados y trigo, según indicó el presidente de la institución, ...

  • Adeboye: Buhari sacked FRC boss over 2019 ambition – Fayose

    Ekiti State Governor Ayodele Fayose has described the sacking of the Executive Secretary of the Financial Regulatory Council (FRC) of Nigeria, Mr. Jim Obazee, as a cover-up by the government over the outcry on the implementation of the controversial law. In a release issued in Ado Ekiti on Tuesday and ...

  • Ouattara names ex-PM as vice-president

    Ivory Coast’s President, Alassane Ouattara, named former prime minister, Daniel Kablan Duncan, as vice-president, a new post created under a constitution approved by referendum late last year. Duncan, 73, an economist, has served in posts at the West African central bank and as finance minister and is among Ouattara’s closest ...

  • British Council, IATC to host critics confab in Lagos

    Chux Ohai There is an indication that the British Council has struck up a partnership with the Nigerian chapter of the International Association of Theatre Critics that will be mutually beneficial to both organisations. The partnership, according to a spokesman of IATC Nigeria, Mr. Pat Nwagbo, is expected to impact ...

  • Budget, Buhari’s $29.96bn loan request top agenda as N’Assembly reconvenes

    John Ameh and Leke Baiyewu Debate on the 2017 budget and the bid by President Muhammadu Buhari to secure a $29.96bn foreign loan will top the agenda as the National  Assembly  reconvenes  in Abuja on Tuesday (today) after the Christmas and New Year break. The lawmakers took a 26-day break ...

  • FCT residents urge ‘menstrual leave’ for women

    Some residents of the Federal Capital Territory have called for a law that will allow female employees in Nigeria to have a day off work to observe their menstrual period each month. The residents made the call in separate interviews with the News Agency of Nigeria  in Abuja on Monday. The ...

  • BREAKING: FG suspends law that forced Adeboye to step down

    Ifeanyi Onuba, Abuja The Federal Government on Monday suspended the controversial Corporate Governance Code which was issued on October 17 by the Financial Reporting Council of Nigeria. The suspension was disclosed in a statement by the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah. In the five paragraphs statement issued ...

  • BREAKING: Buhari sacks Obazee, orders reconstitution of FRC board

    President Muhammadu Buhari has fired the Executive Secretary of the Financial Reporting Council of Nigeria, Mr. Jim Obazee, and ordered the reconstitution of the FRC board. The decision comes two days after Pastor Enoch Adeboye of the Redeemed Christian Church of God stepped down as the General Overseer of RCCG ...

  • Customs generated N898bn as revenue in 2016

    The Nigeria Customs Service has generated N898bn as revenue in 2016, including VAT. The NCS spokesman, Mr. Joseph Attah, on Monday said that the figure was however less than the N904bn collected in 2015. He attributed the shortfall to the difficulty in accessing foreign exchange and removal of the 41 ...

  • Gambia: Nigeria On Standby To Evacuate Citizens

    Abike Dabiri-Erewa, senior special assistant to the president on foreign affairs and diaspora, has said that the federal government is ‘on standby’ to evacuate Nigerians in the Gambia if the need arises. As the crisis continues to thicken, as a result   of the refusal of President Yahaya Jammeh to step ...

  • Police Parade 7 Suspected Kidnappers Of Hirse, 2 Others

    The Nigeria Police Force, yesterday, paraded seven suspected kidnappers, who were allegedly responsible for the kidnap of former foreign affairs minister, Bagudu Hirse in Kaduna last year. ‎ The suspects are Dominic Nwakpa (aka Alhaji) who is the gang leader, Ifeanyi Chukwu, Balat Paul, Ibrahim Samuel, Jatau Peter (a dismissed ...

  • Economía.- Aznar: "Impuestos altos, déficit y deuda son lo contrario del círculo virtuoso para la economía española"

    VALENCIA, 9 (EUROPA PRESS) El expresidente del Gobierno y presidente de la Fundación FAES, José María Aznar, ha remarcado este lunes en Valencia que "impuestos altos, déficit y deuda" son lo contrario "del círculo virtuoso en que la economía española debe anclar su crecimiento y, por tanto, el ...

  • FG aims to attack church leaders with FRC law —Fayose

    Kamarudeen Ogundele and Success Nwogu The Ekiti State Governor, Ayodele Fayose, on Sunday cautioned the Federal Government against the continuous implementation of the Financial Regulation Council Act, which, he said, had tampered with the administration of churches in Nigeria. Based on the new law, Pastor Enoch Adeboye, on Saturday stepped ...

  • Governance code: Minister, FRCN boss clash over Adeboye, others

    Niyi Odebode, John Alechenu, Olusola Fabiyi, Friday Olokor, Ifeanyi Onuba and Success Nwogu There are strong indications that the Minister of Industry, Trade and Investment, Mr. Okechukwu  Enelamah, and the Executive Secretary  of the Financial Regulatory Council of Nigeria, Mr. Jim Obazee, are currently engaged in a face-off over an ...

  • Mechanical engineering body to promote local content

    Maureen Ihua-Maduenyi The Nigerian Institution of Mechanical Engineers has unveiled an initiative geared towards the promotion of local content development among engineering students. The Chairman, Lagos Chapter, NIMechE, Mrs.Funmi Akingbagbohun, said the initiative known as the ‘NIMechE Innovation Challenge 2017’, would potentially address issues of capacity building in engineering as ...

  • Firm to invest N15bn in real estate sector

    Ifeanyi Onuba, Abuja The Managing Director/Chief Executive Officer, AIBEN Investments and Property Limited, Mr. Andy Elerewe, has unveiled the company’s plan to invest a total sum $30m (N15bn) in the Nigerian real estate sector. Elerewe stated this on Friday during the inauguration of the company’s corporate headquarters in Abuja. He ...

  • Bakare seeks restructuring, rejig of forex policy

    Latter Rain Assembly Pastor Tunde Bakare yesterday called for the restructuring of the federation, the reform of the foreign exchange regime and an added pep into the administration of President Muhammadu Buhari. Buhari’s former running-mate in the 2011 presidential election made his views known in an address to his church ...

  • LCCI: Budget 2017 may not pull economy out of recession

    THE 2017 Budget may not pull the economy out of recession, because it is not significantly different from that of last year, the Director-General, Lagos Chamber of Commerce and Industry (LCCI), Mr Muda Yusuf, has w said. He said the difference might be in its implementation and the sustainability of ...