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Pipeline Vandalism: CDS, Others Plan Security Summit The Chief of Defence Staff, Gen. Christopher Musa, says plans are underway for a security summit aimed at tackling challenges associated with securing oil and gas installations in the country especially pipelines. Musa, who disclosed this on Thursday in Abuja when he visited Sen. Heineken Lokpobiri, Minister of […]

Chairman of the Independent Corrupt Practices and other related offences Commission (ICPC), Dr. Musa Adamu Aliyu, has assured the Federal Inland Revenue Service (FIRS) that the commission will assist the agency to tackle cases of tax evasion and financial crimes in the revenue generating sector of the country. This is even as the FIRS targets […]

A former Chief of Defence Staff, General Theophilus Y. Danjuma, (retd), has lambasted President Bola Tinubu-led Nigerian government over persisting insecurity in the country. Danjuma said that Nigeria’s security challenges have got to the point where the trend has made the country become a disgrace to the world and a laughing stock to the international […]

A Federal High Court in Abuja on Friday adjourned a tax evasion trial against cryptocurrency exchange Binance and two of its executives to May 17 after the matter was stalled because the exchange has not been formally served with the charges. It was gathered that the binance executive did not take a plea for tax […]

A man set himself on fire Friday outside the court where Donald Trump is standing trial in Manhattan, with officers rushing to extinguish the flames. Burning clothes were strewn in the park, which was locked down by authorities, while ambulances lined up nearby on standby, an AFP correspondent at the scene saw, describing a strong […]

The International Monetary Fund (IMF) is insisting that the federal government of Nigeria must put an end to fuel subsidy. The reason for the insistence is because the subsidy as it were only favours the rich and impoverishes the poor. The IMF Director of the African Department, Abebe Selassie, made this known at the ongoing […]

The Federation Account Allocation Committee has disbursed a total of N1.123tn to the federal, state, and local governments for March 2024. The allocation, derived from a gross total of N1.867tn, marks a critical distribution of funds aimed at supporting various government tiers. This was revealed in a statement signed by the Director of Information and […]

…also Aliyu Katuka as Chairman board members of SEC President Bola Tinubu has approved the appointment of the following Nigerian professionals to the Board of the Securities and Exchange Commission (SEC): This was contained in a statement issued by Ajuri Ngalale, a spokesperson to the president on Friday. Mairiga Aliyu Katuka is the Chairman, while […]

The Managing Director of First Bank Plc Dr Adesola Kazeem Adedotun is to proceed on pre-retirement notice. He conveyed his decision to the Chairman of First Bank Hassan Odukale. He said in the letter that he would have retired from the bank in December but decided to proceed on pre retirement leave effective April 20. […]

The President of the Nigerian Bar Association (NBA), Yakubu Maikyau, has addressed the recent controversy surrounding Vera Anyim’s testimony at the Dunamis Church in Abuja, where she claimed to be the sole graduate in her family, holding a B.Sc in Law from the National Open University of Nigeria (NOUN). Pastor Enenche, who was present during […]

The Nigerian National Petroleum Company Limited and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited have commenced oil production from the asset, also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be […]

Selloffs Raise Yield on Nigerian Treasury Bills by 45bps Sustained selloffs lifted the average yield on Nigerian Treasury bills by 45 basis points amidst rising concerns over inflation conditions in the local market. Investors risk off sentiment and market needs for liquidity drove selloffs during the midweek, causing yield to climb marginally. Before pressure eased, […]