By Emeka Anaeto, Economy Editor Last week’s inflation report by the National Bureau of Statistics (NBS) appeared to have unsettled several investment houses giving the impression that the rate should have been higher than what was reported. NBS monthly inflation report had shown that the seven month steady rise in headline inflation, measured by the […]

Some witnesses of the Ogun State Peoples Democratic Party, PDP, at the Governorship Electoral Petition Tribunal sitting in Abeokuta have revealed how the April 11, election was allegedly rigged and manipulated to give victory to Governor Ibikunle Amosun of the All Progressive Congress, APC.

ELDER statesman and chairman, Itsekiri Leaders of Thought, ILoT, Warri, Delta State, Pa J.O. Ayomike, weekend, counseled natives of Ugborodo community, Warri South-West Local Government Area, Delta State, to refrain from making unguarded comments concerning the $16 billion Export Processing Zone, EPZ project in Ogidigben, Ugborodo.

Eight states of the federation are said to be threatening to drag the Nigeria Electricity Liability Management Limited to court over N6.5billion unremitted Pay-As-You-Earn, PAYE, and Withholding Tax being taxes it deducted from salaries of disengaged staff of the defunct Power Holden Company of Nigeria, PHCN, but failed to remit to the states.

The Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday, promised to assist Federal Government recover the over $7 billion owed the country by oil and gas companies.

The Nigerian Stock Exchange, NSE All-Share Index and market capitalization depreciated last week by 2.34 per cent to close on Friday at 30,705.62 and N10.524 trillion respectively. Similarly, all the indices finished lower during the week under review with the exception of the NSE Industrial Goods index that chalked up 0.11 per cent higher.

‘’We spend so much and generate little revenues. We can begin to restructure our economy by fixing the revenue chain and blocking the leakages. And one way of doing that is by stopping subsidy because it gives room for corruption in our country, ‘’ he said. Sanusi urged state governments to be creative and strengthen their internal revenue generation drives to meet the demands of their people.

The fourteen day ultimatum given by the regulatory authority to debtor airlines to pay up their debts expired on August 13.Following the expiration, Nigerian Civil Aviation Authority (NCAA) has declared that it was determined to sanction all defaulting airlines who fail to pay up the five per cent Ticket Sales Charge, TSC, and Cargo Sales Charge, CSC, to the authority.

The Securities and Exchange Commission, SEC, has commenced restructuring of its organisational structure with major focus on trimming down its workforce and reducing the number of its zonal offices.

Where do I start? Football has become very exciting in the last couple of months that I start having the feeling that in my life time, we may just get near to where some of us have always dreamt to be.