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Ifeanyi Onuba, Abuja The Nigerian economy recorded its worst investment inflow in 10 years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure, when compared to the $9.64bn that the economy attracted in 2015, represents a decline of $4.52bn or 46.86 ...

Sesan Olufowobi The Lagos State Governor, Akinwunmi Ambode, on Wednesday signed into law the anti-kidnapping bill recently passed by the state House of Assembly with a pledge to ensure its full implementation. The law imposes a penalty of life imprisonment on kidnapping for ransom, as well as death penalty for ...

Niyi Odebode, Abuja The Health and Managed Care Association of Nigeria has advised the leadership of the National Health Insurance Scheme to adhere to the Act establishing the scheme. The Chairman of the HMCAN, Dr. Tunde Ladele, who stated this in an interview with The PUNCH in Abuja, also said ...

Ifeanyi Onuba, Abuja The Managing Director, Oil and Gas Free Zones Authority, Mr. Umana Okon, has said the delay in the passage of the Petroleum Industrial Bill by the National Assembly is causing uncertainties in the oil sector, and as such, affecting investors’ interest. Okon, who stated this on Wednesday ...

Maureen Ihua-Maduenyi A Nigerian firm, Omni-Blu Aviation Limited, has partnered Omni Helicopters International S.A. of Brazil to develop a new alliance known as Omni Helicopters Nigeria. The joint venture, which was launched on Wednesday, according to the promoters, is created to meet the demand for helicopter services in Nigeria’s oil ...

The Central Bank of Nigeria (CBN) has tightened its operational guidelines on foreign exchange (forex) trading among banks and other authorised dealers. Defaulting banks risk eight weeks suspension, according to the new rules which go into effect immediately. The apex bank has been battling to stabilise the naira’s value. The ...

To Wahab Shittu, a law teacher at the University of Lagos (UNILAG), there is more to the rejection by Senators of Ibrahim Magu as the substantive Economic and Financial Crimes Commission (EFCC) Chairman than the Department of State Services (DSS) security report. The lawyer believes some members of the Red ...

Lagos State Governor Akinwunmi Ambode yesterday signed the Anti-Kidnapping Law, which prescribes death penalty for kidnappers. He also signed the Lagos State Sports Commission and Lagos State Sports Trust Fund into law. Speaking shortly after the ceremony at the Lagos House Alausa, Ikeja, Ambode said the prescribed death for kidnappers ...

[SNA] Khartoum -Kenyan official delegation comprising officials and representatives of more than 20 companies and businessmen led by the Chairman of the Committee on Agriculture and Livestock, Fisheries and Irrigation at the Kenyan Parliament Edan Mohamed paid visit to the country during this week.

The federal government has approved a new national tax policy presented by the Minister of Finance, Kemi Adeosun. The new tax policy, which seeks to address the low tax regime in the country is, however, subject to approval by the National Assembly. Introduced in 1994 by the military government, Nigeria’s ...