Senate President, Dr Bukola Saraki, has assured Nigerians that the long awaited Petroleum Industry Bill law will be ready before the end of this legislative season. Saraki While giving the status of the bill, which has passed through various readings at…
The Federation Accounts Allocations Committee (FAAC) distributed the sum of N701.022 billion to the three tiers of government for the month of April. FG others gets N7tn in 11 months Briefing journalists after the monthly FAAC meeting on Wednesday, in…
A multinational Oil company, Petrocam Trading Nigeria Limited, has slammed N6, 754,918,533.71 suit on Union bank of Nigeria Plc over an alleged negligence and breach of contract. In a statement of claim filed before a Lagos high court on behalf of…
The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The…
The Central Bank of Nigeria (CBN) has warned that the economy faces inflation and financial stability risks over the short-to medium-term if expected huge election spending is not checked. CBN Deputy Governor (Corporate Services) Adamu Edward Lamtek explained in his…
As the 90 days deadline given to declared winner of the bid for 9mobile, Teleology Holdings, to pay the balance of its bid price draws near, the unending drama that has dogged the sale continues to unnerve. The drama this…
After almost 18 years of been in the woods without clear consideration by successive governments and the legislature, President Muhammadu Buhari, has finally received the harmonized copy of the Petroleum Industry Governance Bill (PIGB) from the National Assembly for assent…
The Federation Account Allocation Committee (FAAC) in Abuja shared N634.72 billion to the Federal Government, states and local governments as revenue for April. The Accountant-General of the Federation (AGF), Mr Jonah Otunla, made this known while briefing newsmen on the…
The Governor of the Central Bank of Nigeria, Godwin Emefiele has assigned duties to the newly appointed deputy governors who assumed duty on March 28. The acting Director, Corporate Communications Department, CBN, Isaac Okoroafor, in a statement on Sunday said…
Sergie Marvodi, a 62 year sold Russian businessman and founder of popular Ponzi scheme, Mavrodi Mondial Moneybox (MMM), has died of a heart attack. News making waves has it that the 62-year old Russian mathematician, was rushed to the hospital…