The Central Bank of Nigeria (CBN) has ordered four banks to pay a total sum of N5.87 billion for allegedly issuing irregular certificates of capital importation (CCIs) on behalf of some offshore investors of MTN Nigeria Communications Limited. The apex bank has also written to MTN, asking it to refund $8 billion to the coffers […]
Continue Reading
The Federal Government has declared Tuesday, Aug. 21, and Wednesday, Aug. 22 as public holidays to celebrate the 2018 Eid-el-Kabir. The Minister of Interior, Retired Lt.-Gen. Abdulrahman Dambazau, made the declaration on Thursday in Abuja in a statement issued by Dr Mohammed Umar, the Permanent Secretary of the ministry. While wishing Nigerians a happy Eid-el-Kabir […]
Continue Reading
The federal government of Nigeria says the gale of defection in the nation’s party politics will not shield any corrupt politician from investigation and prosecution. Lai Mohammed, minister of information, gave the assurance when he paid an official visit to the Abuja office of The Authority Newspaper. Fielding questions from members of the editorial board […]
Continue Reading
According information released by Mariam Uwais, special adviser to President Muhammadu Buhari on social protection, the federal government has spent N49 billion on the national home-grown school feeding programme. The programme, which is a component of the government’s social investment, is meant for feeding primary school pupils across the country, and has been ongoing in […]
Continue Reading
Federal, States and Local Government Councils have shared N668. 89 billion from the federation account as revenue generated in May. The Director of Information, Federal Ministry of Finance, Hassan Dodo, made this known in a statement on Friday in Abuja. Dodo, however, said that the distribution of the funds did not signify the end of […]
Continue Reading
The Muhammadu Buhari administration has concluded arrangements to deploy 300,000 new beneficiaries in the second batch of its N-Power Volunteers Corp. The deployment will be effective from 1st August. With 200,000 beneficiaries currently benefitting from the programme, this means that by August, 500,000 unemployed Nigerian graduates will be beneficiaries of the scheme, which is a […]
Continue Reading
A report by TheCable has shown that Aso Rock, Nigeria’s seat of executive power, failed to remit taxes, such as pay as you earn (PAYE), value added tax (VAT) and withholding tax (WHT), to the Federal Inland Revenue Service (FIRS) in 2016 — despite deducting at source. The two chambers of the national assembly also failed […]
Continue Reading
A former governor of Cross River state, Donald Duke has said the Peoples Democratic Party (PDP) cannot zone his constitutional rights, stating that he has the right to aspire, win or lose the party’s presidential ticket. The former governor said the federal government is distracted in that it is fight symptoms instead of actual problems. […]
Continue Reading
Workers in the chemical and non-metallic sector on Thursday appealed to the Federal Government against blanket ban of codeine to save the nation about 23,000 jobs. Mr Babatunde Olatunji, the President of the National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Products Employees (NUCFRLAMPE) made the plea while answering questions from journalists in Lagos. […]
Continue Reading
The Director General of the Debt Management Office (DMO), Patience Oniha, in a chat with Reuters on Wednesday, said the federal government is planning to borrow $2.8 billion to fund the deficit of the recently passed 2018 budget. “We will explore all options keeping in mind our twin objectives of extending the tenor of the debt […]
Continue Reading