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BPE Opposes Clamour for Re-acquisition of  Gencos and Discos

BPE Opposes Clamour for Re-acquisition of Gencos and Discos

The Bureau of Public Enterprises (BPE) wednesday warned against the ongoing clamour for the federal government to re-nationalise already privatised power assets of generating companies (Gencos) and distribution companies (Discos). BPE’s Director General, Mr. Alex Okoh, at an interactive session with journalists in Abuja, advised the government not to succumb to the pressure of re-possessing the privatised assets. The federal ... Read More »

NLNG signs Sales and Purchase Agreement with Galp

NLNG signs Sales and Purchase Agreement with Galp

Nigeria LNG Limited (NLNG) and GalpTrading S.A have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The agreement is for the supply of 1mtpa for a 10 year term on a Delivered Ex-ship (DES) basis. Tony Attah, Managing Director and Chief Executive Officer of NLNG, signed on ... Read More »

FIRS launches intelligence system to track tax evaders

FIRS launches intelligence system to track tax evaders

The Federal Inland Revenue Service (FIRS) said it has launched a national intelligence gathering system to gather data and track all tax evaders and defaulters, with a view to bringing them all to book and make them pay their fair share of taxes to the country. Executive Chairman, FIRS, Muhammad Nami, stated this on Wednesday in Abuja during an inter-agency ... Read More »

APC threatens Fayose with EFCC over Akure-Ado road

APC threatens Fayose with EFCC over Akure-Ado road

The Ekiti State chapter of the All Progressives Congress (APC) has threatened to petition the Economic and Financial Crimes Commission (EFCC), if former governor Ayodele Fayose fails to give a satisfactory explanation about the N400million earmarked for Akure-Ado-Ekiti road. The party urged the ex-governor to clarify why it terminated the reconstruction of Ekiti portion of the road and chased away ... Read More »

Buhari raises hope for Leah Sharibu’s release

Buhari raises hope for Leah Sharibu’s release

All victims of abductions by terror groups, including Leah Sharibu, the remaining Chibok, and Dapchi schoolchildren, will regain their freedom, says President Muhammadu Buhari. The President gave the assurance on Monday at a breakfast dialogue themed: ‘Stop the War on Children Affected by Armed Conflicts, Dividend of Silencing the Guns’, held on the sidelines of the ongoing 33rd African Union ... Read More »

EFCC Seeks Navy Support in Prosecuting Illegal Oil Bunkering Cases

EFCC Seeks Navy Support in Prosecuting Illegal Oil Bunkering Cases

By:Owolola Adebola The Economic and Financial Crimes Commission, EFCC, has appealed to the Nigerian Navy to facilitate the release of its arresting officers to give evidence in oil theft cases under prosecution in court. Usman Imam, Zonal Head of the Port Harcourt office of the EFCC who made the plea today February 10 during a courtesy visit to the Commanding ... Read More »

EFCC Arrests Another FBI Suspect Wanted for $2.5m Internet Fraud

EFCC Arrests Another FBI Suspect Wanted for $2.5m Internet Fraud

By:Owolola Adebola  The Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Office has arrested a 38-year-old man, Festus Akinyemi Abiona who was indicted by the Federal Bureau of Investigations, FBI over his alleged involvement in internet fraud. Abiona had been on the wanted list of the Commission for more than eight months over the alleged fraud case, before luck ran out on him and he was finally arrested in his hideout. Operatives ... Read More »

ECOWAS Leaders Set up  Committee on Closure of Nigeria’s Land Borders

ECOWAS Leaders Set up Committee on Closure of Nigeria’s Land Borders

The concern generated by the closure of Nigeria’s land borders was a subject of serious attention on Sunday at the margins of the ongoing 33rd African Union (AU) Summit in Addis Ababa in Ethiopia as the Authority of ECOWAS Heads of States and Governments constituted a committee to study the situation and make a full report to the body. The ... Read More »

Breach of contract: Two companies sue FCMB N7billion

Breach of contract: Two companies sue FCMB N7billion

By Demola Abimboye For alleged breach of contract, Sunlek Investment Limited and Sunsteel Industries Limited have dragged First City Monument Bank, FCMB, to a Federal High Court, Lagos, claiming N7billion. In a 126 paragraph statement of claim accompanied by another 27 paragraphs of a witness sworn to on oath and filed before the court by John Olusegun Odubela, a senior ... Read More »

FIRS unveils 2020 Corporate Plan, concludes Management Retreat

FIRS unveils 2020 Corporate Plan, concludes Management Retreat

Nigeria stands at the threshold of a new, transparent, accountable and fair tax regime in which those who make more from the system pay a more equitable share of their income as tax towards the public good, especially in lifting 100 million Nigerians out of poverty in the next 10 years as envisioned by President Muhammadu Buhari. A clear roadmap ... Read More »

Tesla’s stock just had one of the wildest weeks ever – Here’s what happened

Tesla’s stock just had one of the wildest weeks ever – Here’s what happened

By Michael Sheetz, CNBC KEY POINTS • Tesla had a roller coaster week to begin February, with the stock swinging hundreds of dollars in both directions. • Shares ripped higher in two consecutive days of trading after multiple optimistic forecasts for Tesla’s future growth sparked a short squeeze, with the stock roaring roaring to an intraday high of $968.99. • ... Read More »

Fidelity Bank Appoints Independent Non-Executive Director

Fidelity Bank Appoints Independent Non-Executive Director

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank and has notified the Nigerian Stock Exchange (NSE) of the appointment. Also, the appointment has been approved by the Central Bank of Nigeria (CBN) and took effect from January 22, 2020. Inuwa joins the bank’s ... Read More »

FG to Stop Fish Importation in two years-Agric Minister

FG to Stop Fish Importation in two years-Agric Minister

The Minister of Agriculture and Rural Development, Mr. Sabo Nanono, wednesday disclosed that the federal government will stop fish importation in 2020 and encourage local fish production. Speaking while receiving a delegation from the National Fish Association of Nigeria (NFAN) led by its National President, Dr. Gabriel Ogunsanya in Abuja, the minister stated that time had come for Nigeria to ... Read More »

Ekiti brothers unveil armoured vehicle manufactured locally

Ekiti brothers unveil armoured vehicle manufactured locally

Obasa Specialty Vehicle (OSV), located in Ijero-Ekiti, Ekiti State, has unveiled an all-terrain vehicle named Tekowi. The vehicle, the company said, was manufactured at its factory in Ijero-Ekiti, Ekiti State. *The Ajero of Ijero kingdom (inside the vehicle) with the two inventors The company was commissioned on December 5, 1980 by the late High Chief Joe Oluware Obasa, a car ... Read More »

UK scientists make ‘significant breakthrough’ in race for coronavirus vaccine cure

UK scientists make ‘significant breakthrough’ in race for coronavirus vaccine cure

 Francesca Marshall The scientist leading the UK’s research into a coronavirus vaccine says his team have made a significant breakthrough by reducing a part of the normal development time from “two to three years to just 14 days”. Professor Robin Shattock, head of mucosal infection and immunity at Imperial College London, said the team will now be able to start testing the vaccine ... Read More »

Borno Kick-start Construction of 1000 Housing Units, Schools In Monguno For 89,000 IDPs

Borno Kick-start Construction of 1000 Housing Units, Schools In Monguno For 89,000 IDPs

  By Inusa Ndahi, Maiduguri Borno State Government has commenced construction of 1000 Housing Units to serve as resettlement city for about 89,000 Internally Displaced Persons (IDPs) taking refuge in Monguno Local Government Area of the state. It will also construct a befitting Higher Science and Islamic schools that will accommodate science students and staff from the various Government Science ... Read More »

Youth Restiveness: Borno Commissioned Vocational Training Centre

Youth Restiveness: Borno Commissioned Vocational Training Centre

By Inusa Ndahi, Maiduguri Governor Babagana Umara Zulum of Borno state has on Tuesday commissioned the newly rehabilitated Vocational Training Centre at Mafoni ward of Maiduguri, the state capital. The edifice which is aimed at addressing youth restiveness were rehabilited by an International Non Governmental Organizations (iNGOs), German International Cooperation (GIZ) and European Union (EU) in collaboration with the state government. ... Read More »

African tax officials, experts gather in Abuja for 3-day conference on informal sector

African tax officials, experts gather in Abuja for 3-day conference on informal sector

Tax officials and experts gather to bolster cooperation between tax administrations and discuss the informal sector in African countries and the impediments and solutions to bringing it into the formal economy and into the tax net . PRESS RELEASE BY THE AFRICAN TAX ADMINISTRATION FORUM (ATAF) 04 FEBRUARY 2020, ABUJA, NIGERIA – Informal sector experts and tax administration officials from ... Read More »

I’m under pressure to change statement-Witness tells court

I’m under pressure to change statement-Witness tells court

The fourth prosecution witness (PW4), Abubakar Umar, in the ongoing trial of former governor of Benue State, Gabriel Suswam on Monday, on Monday, February 3, 2020, told Justice Okon Abang of the Federal High Court, Abuja, that he was under pressure to change his statement to favour Suswan. Suswam alongside his former Commissioner of Finance, Okolobia Okpanach, is facing prosecution ... Read More »

JIMI AGBAJE CANNOT TEACH US PLANNING-LAGOS APC

JIMI AGBAJE CANNOT TEACH US PLANNING-LAGOS APC

 Lagos state APC yesterday descended on former gubernatorial flag-bearer  of the opposition Peoples Democratic Party(PDP),Jimmy Agbaje ,describing his criticism of the recent restriction of motorcycles and tri-cycles in the state as puerile and unimaginative. APC spokesman.Hon.Seye Oladejo expressed dismay Agbaje’s futile attempt to teach a government well grounded in intellectual and institutional experience how to plan.” My check revealed Mr ... Read More »