Three former executives of Japanese airbag maker Takata have agreed to pay a fine of $1 billion after they were indicted over the company’s exploding airbags. The company agreed to pay the fine having pleaded guilty to corporate criminal charges, the Justice Department said. The company’s airbags have exploded and sent shrapnel into drivers and […]
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The Government of the United States of America has donated Information Technology and Communication equipment to ECOWAS in order to enhance its early warning mechanism and promote peace and security within the sub-region. Mrs Halima Ahmed, ECOWAS Commissioner for Political Affairs, Peace and Security said in a statement on Friday in Abuja that the gesture […]
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The Federal Government on Wednesday pledged support for “One China” and shut Taiwanese office in Abuja. This development means that Nigeria would no longer recognise Taiwan as a country. The Minister of Foreign Affairs, Geoffrey Onyeama, stated this while answering questions after a joint news conference with the Chinese Minister of Foreign Affairs in Abuja. […]
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Edo state government has advised Street traders and persons who trade on the walkway to relocate into the market as the government would commence the enforcement of the law against street trading. The Edo State Deputy Governor, Philip Shaibu, who served the notice in an interview, noted that the activities of the traders contribute largely […]
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The All Progressives Congress has removed Senator Ali Ndume as Senator majority leader, replacing him with Ahmed Lawan. He replaces Senator Ali Ndume from Borno State who had occupied the position since June 2015, when the upper chamber began the eight session on a fractious note. Senate President Senator Bukola Saraki read a letter from […]
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The Nigeria Customs Service has generated N898 billion as revenue in 2016, including VAT, says the service Spokesman, Mr Joseph Attah. Attah told the News Agency of Nigeria (NAN) on Monday in Abuja that the figure was however less than the N904 billion collected in 2015. He attributed the shortfall to the difficulty in accessing foreign […]
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A Nigerian scholar, Wale Adebanwi, has been appointed to the prestigious Rhodes Professorship in Race Relations in the School of Interdisciplinary Area Studies at the University of Oxford, United Kingdom. Adebanwi, who is currently a professor at the University of California, Davis, United States, will also be a Fellow of St Anthony’s College, Oxford, effective […]
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The Naira on Monday appreciated at the parallel market after a two-week losing streak. The currency gained three points to exchange at N490, from N493 it posted last Friday, while the pound sterling and the euro traded at N600 and N506, respectively. At the bureau de change window, the naira closed at N399, the CBN […]
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Former Nigerian president, Goodluck Jonathan and Diezani Alison-Madueke, immediate past petroleum minister, were allegedly given bribes in the $1.3 billion deal involving ENI and Royal Dutch Shell. Jonathan, Alison-Madueke, and other government officials benefitted from a sum of $466m which was converted into naira, Italian prosecutors say. According to the News Agency of Nigeria, a report […]
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Following the sack of Jim Obazee’s from his position as executive secretary of the Financial Reporting Council of Nigeria by President Muhammadu Buhari on Monday night, the Christian Association of Nigeria (CAN) has hailed the president’s decision. General Secretary Rev. Musa Asake said:”The sack of Jim (Obazee) is good riddance to bad rubbish. Anybody that […]
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