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EFCC Arrest Oil Bunkerers with 1 million liters of Diesel

The EFCC has taken into custody an oil bunkering vessel and its crew. The arrest was made by the Nigerian Navy and forwarded to EFCC officials yesterday. Head of Media and Publicity, ...

NAFDAC on Cassava Flour Campaign Drive

National Agency for Food and Drug Administration and Control (NAFDAC) boss, Paul Orhii as called on bread production companies to substitute wheat flour for cassava flour in the production of bread and ...

FG Cannot Be Trusted to Manage Sovereign Wealth Fund – Gov. Fashola

Nigeria’s most effective public official, Lagos State governor, Babatunde Fashola has said the Federal Government cannot be trusted to manage judiciously the monies saved in the Sovereign Wealth Fund. He cited this ...

NCC Explains GSM Quality of Service Issues, Says N 1.7 billion Fine is Justified

The head of the Nigerian Communications Commission, Eugene Juwah has attributed the problems facing the GSM quality of service to the fast paced growth of the Nigerian telecoms industry. Testifying before the ...

Minister of State for Finance, Ngama, Berates Oteh

In his testimony (before the House Committee on Near Collapse of the Capital Markets yesterday), the Minister of State for Finance, Dr. Ngama, when asked whether the competence of the Director General ...

Soludo Takes Lawmakers to School on Capital Markets

The former CBN governor, Charles Chukwuma Soludo has taken the lawmakers to school on the Capital Markets. His testimony before the House Committee on Near Collapse of the Capital Markets was more ...

Electricity Tariff Hike is Callous, Insensitive and May Cause Violence – Senator

The former deputy-governor of Ogun State Aegbenga Kaka has called the Federal Government’s plans to increase electricity tariff in the country dangerous, callous and insensitive. Senator Kaka, speaking at the occasion of ...

FG Delays FAAC Revenue Sharing Meeting Again

The Federal Government has delayed the Federal Accounts Allocation Meeting (FAAC) for the second month fueling speculation that the government is broke. The FAAC meeting is the monthly get-together of Federal and ...

Organized Private Sector Against Electricity Tariff Increase

The government announced plans to increase the hike in electricity tariff months ago, yet Nigerians have not reacted the way they did to the fuel subsidy removal. Kicking against the policy however ...

FIRS Arrests Management of Sweet Sensation, UTC Others Over N 1.8 billion in unremitted Taxes

The Federal Internal Revenue Service (FIRS) has arrested senior management of several companies for tax related offences. The affected companies are Sweet Sensation, UTC and Pivotal Engineering. Abu Stephen, Assistant Director of ...