N24bn payout: EFCC detains Ize-Iyamu, Imasuen; quizzes Imoke

N24bn payout: EFCC detains Ize-Iyamu, Imasuen; quizzes Imoke

The Economic and Financial Crimes Commission, EFCC, has made a major breakthrough in pinning down and obtaining first hand information from the major beneficiaries of the $115 million (N24 billion) payout by former Petroleum Minister, Diezani Alison-Madueke, through the former Managing Director of Fidelity Bank.
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Why petrol subsidy removal is a gift to Nigerians -CSO

Why petrol subsidy removal is a gift to Nigerians -CSO

The Centre for Social Justice, Equity and Transparency (CESJET), on Wednesday, commended the Federal Government’s removal of subsidy from the sale of Premium Motor Spirit, PMS, also known as petrol, which would see the essential commodity now sell for N145 per litre.

Lagos releases N10bn for completion of 114 LG roads

Lagos releases N10bn for completion of 114 LG roads

The Lagos State Government has released the sum of N10.8billion to date to ensure completion of the ongoing construction of 114 roads across the 20 Local Governments and 37 Local Council Development Areas in the State by the end of June, 2016

Naira depreciates further at parallel market

Naira depreciates further at parallel market

Lagos – The Naira on Wednesday depreciated further at the parallel market, exchanging for N322 to the dollar. Naira lost N1 from the N321 it traded on Monday. Also the naira traded at N465 and N365 against the Pound Sterling and the Euro respectively from the N467 and N365 it exchanged on Monday. Meanwhile, the […]

Nigeria losing N1.93bn daily as Shell halts oil exports

Nigeria losing N1.93bn daily as Shell halts oil exports

Nigeria’s revenue woes heightened on Wednesday, as Shell Petroleum Development Company, SPDC, declared a force majeure on the export of Bonny Light crude, as a result of damage to a major crude oil export pipeline, the Nembe Creek Trunk Line.

2face bags Masters Degree

2face bags Masters Degree

Iconic singer 2face Idibia on Tuesday, bagged an honorary Master of Arts in Music degree at Igbinedion University, courtesy of the Esama of Benin Kingdom and founder of the university, Gabriel Igbinedion

Engage global stakeholders to develop 5G standards – Gwandu

Engage global stakeholders to develop 5G standards – Gwandu

The Former Acting Chief Executive Officer, CEO, of the Nigerian Communications Commission (NCC) and the Chairman Commonwealth International Telecommunications Union, ITU Group Dr Bashir Gwandu has urged Fifth Generation (5G) systems engineers and standards developers to ensure full engagement with key stakeholders around the globe for successful development of 5G standards to avoid the pitfalls of other technologies such as the Wimax and even the 3G.

Reactions trail N145/litre new petrol pump price

Reactions trail N145/litre new petrol pump price

Nigerians on Wednesday, expressed mixed reactions over Federal Government’s increment of pump price of Premium Motor Spirit, PMS, also known as petrol from N86.50 to N145 per litre.

Ledum Mittee condemns Jonathan’s cousin’s detention

Ledum Mittee condemns Jonathan’s cousin’s detention

By Soni Daniel   Abuja – Former President of the Movement for the Survival of the Ogoni People, MOSOP, Mr. Ledum Mitee, has condemned the continued incarceration of former President Goodluck Jonathan’s cousin, Robert Azibaola, by the Economic and Financial Crimes Commission without trial. Mitee in a statement in Abuja, Wednesday, also queried the defiance of […]