NO fewer than 33 oil companies lost their right to the Marginal oil fields on Thursday for failing to meet up with the 45 days deadline required to pay the signature bonus for the fields. The Nigerian Upstream Petroleum Regulatory…
AS part of efforts to facilitate the movement and resettlement of some indigenous communities within the Abuja City centre to their new locations, the Federal Executive Council (FCE) on Wednesday approved a N5.4 billion contract for the construction of access…
THE Lagos Command of the Economic and Financial Crimes Commission, EFCC, today January 27, 2022 arraigned one Oluremi Philips before Justice S.O. Solebo of the Special Offences Court sitting in Ikeja, Lagos. Philips, alongside her company, Omritas Energy Limited, is…
OPERATIVES of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Michael Jackson for his alleged involvement in internet fraud. He was arrested on Tuesday, January 25, 2022, following the credible intelligence received by…
The Senate on Wednesday approved the sum of N215,811,290,243 as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year. The approval followed the consideration of a report by the Committee on Finance at plenary. The Chairman…
THE National Agency for Food and Drug Administration and Control (NAFDAC) has stopped the registration of alcohol in sachet, small volume PET and glass bottles below 200 millilitres. The Director-General of the agency, Prof. Mojisola Adeyeye, disclosed this in a…
Nigeria is set to curb imports in the face of declining revenue from oil. The agriculture sector looks good to dislodge oil as a major revenue earner and, ultimately, contribute to economic growth and development. However, with various operators in…
NIGERIAN Trade Union Congress has listed conditions that the Federal Government should fulfill before removing subsidy from Premium Motor Spirit (PMS) otherwise known as petrol. The TUC urged the Federal Government to first fix existing refineries, establish new ones including…
THE Organized Labour in Kogi State has issued a 14-day fresh ultimatum to the Kogi State Government to implement the N30,000 new minimum wage or it will embark on indefinite strike action. Addressing a press conference in Lokoja on Friday,…
THE World Economic Forum’s latest report, Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa, analyses the challenges Africa faces in joining the global knowledge-based digital economy and presents a set of tangible strategies for the region’s governments…
