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Abuja
Monday, September 16, 2019

FG Creates ‘Special Force’ to Protect Agro-Investment

... Special Force of Police, NSCDC for Deployment to Liberated Communities As part of measures to stave off further attacks on farmlands as well as...

EFCC Seals off First Group’s Office over $200bn Scam

The Economic and Financial Crimes Commission (EFCC) has sealed off the office of the First Group company, a real estate firm located on the 7th floor...

Power Grid Collapsed 21 Times in Six Months

The nation’s power grid recorded 21 collapses in the first half of the year, industry data obtained by The Punch showed. The national grid completely collapsed...

FG Appoints Firms to Audit Parastatals, Agencies’ Remittances

The Federal Government has appointed 18 professional accounting firms to audit the revenues remitted by 33 of its parastatals and agencies. The Accountant General of...

‘Nigeria Spends $11bn Yearly on Food Importation’

The Lagos State Government says Nigeria spends $11bn (N3.1tn) annually to import wheat, rice, sugar and fish. The government stated this  at a capacity building...

FIRS Shuts Oil Firms Over Tax Evasion

The Federal Inland Revenue Service has sealed off two oil services companies in Port Harcourt, Rivers State. The affected firms, Cetco Oilfield Services Company, located...

World Bank, NESG seek to Boost Nigeria’s Competitiveness

The World Bank, the Nigerian Economic Summit Group and other stakeholders have highlighted the need to improve Nigeria’s competitiveness in a bid to accelerate...

FG Stops Remittance of Workers’ Pension Deductions

The Federal Government has not been remitting the pension contributions of most of its workers into their Retirement Savings Accounts under the Contributory Pension...

SGF: Revenue Has Dropped by 40%, Budget Will be Partially Implemented

The federal government wednesday said its earnings had declined by 40 per cent as a result of the drastic fall in oil prices, as...
NigerDelta

Pipeline Bombings: Militant Group Announces Ceasefire

...Waits on Buhari to reconsider stance on dialogue …ExxonMobil lied about Qua Iboe crude export pipeline attack—Avengers A militant group, Niger Delta Revolutionary Crusaders, NDRC, based...

Court Annuls 45% Electricity Tariff Hike

Federal High Court sitting in Lagos, has annulled the increment in electricity tariff recently announced by the Nigerian Electricity Regulatory Commission, NERC. Trial judge, Justice...

Nigeria Moves to Deploy Women in Economic Resuscitation

The Nigerian Export Promotion Council, NEPC and the International Trade Centre, ITC organized Nigeria’s First Women in Export Stakeholders' Roundtable and Exhibition.

$179m Debt: Nigeria’s Investment in WAGPCo Threatened

Unless something urgent is done, Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAGPCo, is set to go down the drain...

New Airport Terminals Nearing Completion – FAAN

The Federal Airports Authority of Nigeria has said the new terminals being constructed at four international airports located in Lagos, Port Harcourt, Kano and...
Hadiza Bala-Usman NPA Boss

Buhari Appoints BBOG Campaigner, Usman, as NPA MD

The Nigerian Ports Authority has gotten its first female Managing Director with the appointment of the ‘Bring Back Our Girls’ campaigner, Ms. Hadiza Usman...
Kemi Adeosun Finance Minister

FG, States to Discuss Strategies to Boost IGR

The federal and state governments will meet today in Kano to brainstorm on strategies to boost internally generated revenue in the states. This, according to...

Dangote Cement to Recruit 5,000 Workers in Ghana

As part of its plan to improve access to cement in all parts of Ghana, Dangote Cement, Ghana has commenced the process of recruiting...

No Plan to Increase Electricity Tariff- NERC

The Nigerian Electricity Regulatory Commission (NERC) has denied reports that there were plans to increase power tariffs across the country. Six months ago, NERC increased electricity...

Concern Intensifies over Banks’ Upstream Oil Sector Exposure

Some banking sector analysts have expressed concern over banks’ exposure to the upstream oil and gas sector. It was gathered that of the top five...

Insurance Sector Denying Economy 1.5 % GDP Growth Yearly-Adeosun

Finance Minister, Mrs. Kemi Adeosun, has in Abuja expressed dismay that the under-performance of the insurance sector was denying the country an annual 1.5...