SEPLAT Energy has refuted allegations of wrongdoing in the approval process for the purchase of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil, an American multinational oil company. Seplat Energy said in a statement on Wednesday that the allegations of wrongdoing…
THE Central Bank of Nigeria (CBN) has stated that Nigeria cannot stop borrowing, especially when it is necessary as part of fiscal responsibility. Godwin Emefiele, the governor of the Central Bank of Nigeria, made this statement at a national dialogue…
THE Federal Government has projected that it is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy. This projection was made by the Budget Office of the…
THE Naira, the national currency of Nigeria, slightly strengthened against the dollar on Wednesday in both the official and parallel foreign exchange (forex) markets. The value of the Naira was confirmed to have exchanged at N675 to the dollar as…
EXECUTIVE Vice-Chairman of the Nigerian Communications Commission (NCC), Umar Danbatta has stated that broadband penetration in the country climbed to 44.5 percent in July from 40.9 percent in February. This was disclosed on Thursday in Abuja by Danbatta at the beginning…
The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed to make available before it all documents relating to subsidy claims from 2013 to date. Rep Ibrahim Aliyu, Chairman, Special ad hoc committee…
THE Nigeria Customs Service(NCS), has distanced itself from rumours making the rounds that a special auction of over 7000 cars would soon be held by the Service. The Public Relations Officer of Customs, Deputy Comptroller Timi Bomodi, made this known…
ABDULLAHI RABIU, Kano FRIDAY the 5th of August 2022 will go down well in history as the day Dala Inland dry port was officially declared as port of origin and destination by the Federal government through the newly appointed minister…
THE federal government through the National Environmental Standards and Regulations Enforcement Agency (NASREA) has sealed a quarry site belonging to the China Civil Engineering Construction Corporation and a brick company in Ekiti state over non-compliance with stipulated environmental regulations. The…
THE Minister of Transport Engineer Mu’azu Jaji Sambo has on Friday declared the Multi billion Naira Dala Inland Dry Port as a Port of Origin and destination. Declaring the DIDP open during a Colourful Ceremony held at the Premises of…
