Over 6,000 workers have been paid about N700million by the Nigeria Social Insurance Trust Fund (NSITF) as compensation under its Employees Compensation Scheme (ECS). The acting managing director of the fund, Ismail Akaga made the disclosure yesterday in Abuja while...

Cash strapped Nigeria’s Federal Government is demanding $635million from two multinational oil companies, Agip and Total for undeclared crude oil shipped out of the country between 2011 and 2014. Two cases have been filed at the Federal High court...

The Nigerian Export-Import Bank (NEXIM) has described the Central Bank of Nigeria (CBN)’s Export Stimulation Facility (ESF) initiative aimed at encouraging entrepreneurs in the export sector as a positive step in the right direction. The ESF was established to support...

A Federal High Court sitting in Lagos has granted interim orders in favour of Asset Management Corporation of Nigeria (AMCON) against Cityscape International Limited. AMCON has since appointed Mr. Anire Kanyi as Receiver to Cityscape, a major player in the...

The 252nd Meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) starting tomorrow will be the first since Nigeria economy officially drifted into a recession. A number of Nigerians are expecting the CBN to introduce...

The Federal Government had indicated its interest to concession the Lagos, Abuja, Kano and Port Harcourt Airports, toward increasing their capacity and efficiency The Minister of State for Aviation, Captain Hadi Sirika, has assured unions in the aviation industry that...