Petrol subsidy is back. The Nigerian National Petroleum Corporation has been offsetting for months the difference between the landing costs of petrol and the pump price. In series of interviews with knowledgeable players in the sector, NAN can report authoritatively that the landing costs per litre of petrol is higher than the price Nigerians pay…
The luxury bus that plunged into a river at Owode-Elede, Ikorodu, being removed with the help of a crane, in Lagos State on Friday photo/Babatunde Atolagbe/BJO/NAN A luxury bus packed with passengers and believed to be traveling from the eastern part of the country plunged into a river at Owode-Elede, Ikorodu in Lagos State on Friday….
A Federal High Court in Lagos today heard how Winners Chapel, a church owned by Pastor David Oyedepo got N35million out of the N19.7billion stolen from the accounts of the Nigerian Maritime Administration and Safety Agency (NIMASA). The money was paid to the church on the instruction of Major-General Emmanuel Atewe, a former commander of…
The Nigeria Customs Service Eastern Marine Command Port Harcourt and the Nigeria Security and Civil Defence Corps [NSCDC] are to synergise for effective performance in the discharge of their duties in the state. This synergy followed the courtesy call by the new commandant of the NSCDC Mohammed Haruna to the Comptroller Eastern Maritime Command Usman …
The Court of Appeal sitting in Port Harcourt, Rivers State, on Friday affirmed a former Governor of Borno State, Ali Sheriff, as the authentic Chairman of the Peoples Democratic Party, PDP. The court set aside the judgement delivered by Justice Mohammed Liman of the Federal High Court in Rivers State who recognized former Kaduna State…
By Gladys Nweke Rivers State Governor, Chief Nyesom Wike, says the State Government is ready to partner investors in revamping moribund state owned agro-firms as a way of creating employment and boost food production. Speaking during an inspection visit to Siat Nigeria Limited (FormerRison palm) at Ubima recently, Chief Wike said that through commercial agriculture…
The Central Bank of Nigeria said on Thursday three key sectors of the economy received the largest foreign exchange allocations between December 2016 and January.2017 The CBN said out of a total of $2.83 billion disbursed during the two months to critical sectors of the economy, manufacturing, agriculture and raw materials got the lion’s shares….
The Federal Government on Thursday said the January allocation from the Budget Support Facility (BSF) to Ekiti State was suspended because the state failed to comply with the basic requirements for participating in the facility. A statement by the Ministry of Finance signed by the Director of Information, Salisu Dambata, said the BSF is a…
Kieron Monks, CNN CNN)The rancorous reign of the 45th US President faces a fresh controversy. A Nigerian economic and social rights group [SERAP] has written to the White House demanding the return of $500 million of stolen funds, which it claims are being held by the US. “(We urge) the administration to attach and release…
Senate President Bukola Saraki is leading a four-member delegation of National Assembly members to see President Muhammadu Buhari in London. Speaker Yakubu Dogara, his deputy, Yusuf Lasun, and Senate Leader, Ahmed Lawan, will meet the president who travelled to the UK for a 10-day vacation on January 19, but later extended the trip indefinitely. Wole…
