Govt probes NNPC’s N1.15trn subsidy claim
“The Central Bank of Nigeria responded to a letter from the Committee directing the apex bank to refund the one per cent charged on the Paris Club debt exit. The members of the committee rejected CBN’s reason to hold onto the money and have directed that the money should be refunded,†he said.
INEC disowns Koleosho as AD Chairman
By Laja Thomas THE crisis rocking the leadership of the Alliance for Democracy (AD) seems to be getting worse by the day, with INEC’s withdrawal of recognition given to Chief Michael Koleosho as National Chairman of the Alliance for Democracy.
Reyenieju donates relief materials to displaced persons
Receiving the donations, the Leader of the Legislative Arm of the Warri South-West council and also a member of the Welfare Committee for the displaced, Mrs. Rose Tulu, thanked Reyenieju for his timely response and goodwill.
11 banks groan under N422bn share loans
The CBN has already directed that banks should make provision for the loans which implies that the facilities will be provided for though not lost as banks will eventually recover the loans when prices of shares go up to the level of the facilities granted.
And the Crown Prince Bows Out
After a meritorious 24 months reign as president of the 50-year old Chartered Insurance Institute of Nigeria, Mr. Adeyemo Adejumo, will on June 19 hand over the mantle to a new president of the Institute, Patience Saghana writes
Experts seek increased public participation in procurement processes
Following the recent signing of the Public Procurement Act (PPA) and the setting up of the Bureau of Public Procurement (BPP), experts in the sector have called for increased participation by all Nigerians, through effective monitoring of all procurement exercises in the public sector.
