The Economic and Financial Crimes Commission has summoned the acting Vice-Chancellor of the Obafemi Awolowo University, Ile-Ife, Prof. Anthony Elujoba, and Bursar, Mrs. Aderonke Akeredolu, over the payment of an ‘unapproved’ hazard allowances to the institution’s workers. The allowances paid...

The Federal Government has said it would get a competent private investor for the completion and commercial operation of the Ajaokuta Iron and Steel Plant, situated in Kogi State. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, said this...

The Public Accounts Committee (PAC) of the House of Representatives has queried the management of the National Pension Commission (PENCOM) over the expenditure of N693 million without proper documentation to back it up. The query was based on the 2012...

...Urges Nigerians not to lose faith in his government President Muhammadu Buhari has appealed to Nigerians not to lose faith in the ability of his administration to make a difference in their lives, saying the 2017 Budget contains measures that...

The nation’s foreign exchange reserves have risen to a three-month high of $24.97bn from a low of $23.89bn on October 19, the latest data from the Central Bank of Nigeria has shown. The reserves have dropped by 15.9 per cent...

The Central Bank of Nigeria has said it will, together with the Deposit Money Banks, set up a new fund to boost agriculture and the Small and Medium-sized Enterprises in the country, targeting at least N30bn for the first...