Jimoh Ibrahim Loses Appeal Against AMCON Over N69.4bn Debt     The Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his...

Reps Probe Institute’s N2bn Spending, Bank Of Agric Debts     The House of Representatives’ Committee on Public Accounts has resolved to investigate the utilisation of the N2bn paid to the National Institute of Pharmaceutical Research and Development for Intervention on COVID-19 from the Service Wide Vote...

In Six Months, NSITF Paid N.5bn Claims To Workers, Employers     THE Nigeria Social Insurance Trust Fund has disbursed N529.9 million to workers for medical expenses refunds, loss of productivity to employers, death and disability benefits, beneficiary of deceased employees and retirement benefits on behalf of...

Importers To Pay N300bn Freight Rates On Foreign Rice To Nigeria, Others     Foreign rice importers will pay a total of N300 billion ($579. 75million) to shipping lines as freight rates by the end of this year. The rice importers, who are expecting their consignments from Thailand...

Senate Queries PEF’s N100m Interest On 2015 N34bn Fixed Deposit       The Senate has condemned the management of the scrapped Petroleum Equalization Fund for not remitting all the N182m interest that accrued from the N34bn in fixed deposit of some banks. The agency only remitted N82m without...

Buhari Directs TETfund To Increase Research Fund To N8bn     The President Muhammadu Buhari has directed the Tertiary Education Trust Fund (TETFUND) to increase research fund under the National Research Fund (NRF) scheme to the tune of N8 billion. The president gave the directive yesterday at the...