Shola Shittu

Nigeria, Norway rally investors on non-oil export promotion

To boost bilateral ties and increase inflows of foreign direct investments, stakeholders within Nigeria and Norway have sought opportunities in the non-oil sector in addressing economic challenges bedevilling the two nations. Besides, the Nigerian Export Promotion Council (NEPC) has identified...

Suswam, two others diverted N9.8bn SURE-P, police funds –FG

The Federal Government has accused a former Governor of Benue State, Gabriel Suswam, and two others of diverting the sum of N9.79bn, part of which was meant for police reform programme and Subsidy Reinvestment and Empowerment Programme. The SURE-P scheme...

‘Adamawa received only N9.5b Paris club refund’

The Adamawa State government has explained that it received only N9.5 billion from the Federal Government in the Paris Club refunds.The state Commissioner of Finance, Mahmood Saleh, disclosed this in Yola yesterday. He said the explanation became necessary to clear...

MRS debunks expropriation of product throughput claims

The management of MRS Oil Nigeria Plc has debunked claims by the Nigerian National Petroleum Corporation (NNPC) that it expropriated the products placed under throughput or stored over a given period in its terminal. In a statement yesterday, the firm...

Paris Club refund: We’ve done nothing illegal —Govs

Again, the Nigeria Governors’ Forum, NGF, said, yesterday, that there was no illegality in the disbursement of the Paris Club loan refund. The refund was a result of over-deductions from the statutory allocations of the states for debt-servicing from...

BDCs reluctant to buy dollars as CBN pegs FX rate at N360/$

The Central Bank of Nigeria, CBN has directed banks to sell dollars for invisible transactions such as personal travel allowance, business travel allowance, school fees and others at N360 per dollar. For this purpose, the apex bank released $85...
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