The Institute of Chartered Accountants of Nigeria, ICAN, yesterday, advised the newly inaugurated President Muhammadu Buhari administration to remove all perceived or imaginary subsidy which has been a source of huge leakage in the nation’s economy.

The defeated All Progressives Congress, APC, candidate during the Benue South Senatorial District election, Mr. Daniel Onje has accused the Independent National Electoral Commission, INEC, of allegedly denying him the right to inspect the materials used in the conduct of the election, thereby frustrating his petition against the election of the Senate President, Senator David Mark..

LAGOS State Governor, Mr Akiwunmi Ambode, yesterday, tasked workers to adopt a change of attitude in the discharge of duties just as he assured the state civil servants of his administration’s commitment to upgrading their welfare.

Olunwa Edozie, 29, was yesterday arraigned before an Oshodi Magistrates’ Court in Lagos for allegedly causing injury to the Permanent Secretary, State Ministry of Health, Dr. Modele Oshunkiyesi, in an official vehicle.

Late Dr. Stella Ameyo Adadevoh and other healthcare workers who personally sacrificed their lives to ensure the containment of Ebola in Nigeria will be honoured at the Nigerian Healthcare Excellence Awards, NHEA.

Former Adamawa State Governor, Murtala Nyako, returned to the headquarters of the Economic and Financial Crimes Commission, EFCC, yesterday for further interrogation over the alleged laundering of N15 billion when he held sway in the state.

Our expectation is for the new government to continue to sustain the growth of the oil and gas industry through favorable policies, because the industry right now is undergoing some major challenges. We are facing oil prices of about 50 percent of what they were last year and this is impacting directly on all the major projects and investments in the country.

By Friday, July 22, 2015, members of the Nigerian Computer Society, NCS, will head to the polls in Akure, Ondo State during the international conference to elect the IT icon that will steer the ship of the society for the next two years. Whoever wins would become President of the umbrella organization of all Information Technology Professionals, Interest Groups and Stakeholders in Nigeria.

Flying Eagles led by skipper Musa Mohammed have vowed that they will get their U-20 World Cup campaign back on track with a win in tomorrow’s Group E clash against North Korea after a loss to Brazil.

For the parents of 20-year-old Olawale Kareem, a cancer patient, who is lying critically ill at the private ward of Good Tiding Hospital, Lagos, the quest for medical care for him has been a long and wearisome two-year journey with no end in sight.

Many sports analysts have been making comments on what they believe the just inaugurated government of President Mohamadu Buhari should do to further develop sports in the country.

As part of its commitment to developing the Nigerian technical workforce, FMC Technologies Inc. has announced a partnership programme with the University of Port Harcourt, UniPort, to create the first Master of Science degree in Subsea Engineering in Nigeria. Speaking on the partnership, Country Manager, FMC Technologies, Mr. Michael Hunt, said, “This collaboration represents a major milestone in furthering the development of a highly skilled Nigerian workforce. These students will play a key role in the future of the oil and gas industry in Nigeria.

Former National Coordinator of the Transformation Ambassadors of Nigeria, TAN, Dr. Ifeanyi Ubah has condoled the families of last Sunday tanker fire incident at Upper Iweka, Onitsha, Anambra State.

One of the first major tasks the administration of Gen. Muhammadu Buhari will have to contend with will be how to finance the 2015 budget in the wake of low oil price and rising threats from declining revenue. This becomes very critical when viewed against the backdrop of the tough economic conditions witnessed over the last couple of months in the country, especially in the area of declining crude oil and gas receipts and Federal Government’s inability to meet some of its financial obligations.

Nigerian energy firms have borrowed about N503.674 billion from Diamond Bank Plc over the last two years between 2013 and 2014 to finance their operations. This, according to Diamond Bank’s ‘Consolidated and Separate financial statements for the year ended, 31 December 2014,’ comprises loans and advances of N264.941 billion and N238.733 billion for 2014 and 2013 respectively.