HomeNews Update

News Update

Osinbajo panel: NSA, NIA clash over seized N13bn cash

There was confusion on Saturday over the seized N13bn cash found in an apartment in Ikoyi, Lagos, which was discovered by the Economic and Financial Crimes Commission. The seizure is the subject of an ongoing investigation being conducted by Vice-President Yemi Osinbajo; the Attorney General...

Amina Mohammed sworn-in as UN Deputy Sec-Gen

Ms Amina Mohammed, the immediate past Minister of Environment, has been sworn-in as the fifth Deputy Secretary-General of the UN at the UN Headquarters in New York on Tuesday. The Correspondent of the News Agency of Nigeria (NAN) in New York reports that the UN...

NLNG subsidiary cuts workers’ salaries by 50%

Seafarers in the employ of the Nigerian Liquefied Natural Gas Ship Management Limited, a subsidiary of the Nigeria LNG Limited, will from September 1 receive half of their current salaries. The decision is said to be in response to the more than 60 per cent...

N’Assembly still working on 2016 Budget

Contrary to the claim by the National Assembly that it had concluded work on the 2016 budget last week, the legislature was still putting finishing touches to the document, lending credence to the growing suspicion that Nigerians would have to wait for a few...

32% of New 1,000 entrepreneurs for $100m #TEEP2016 Are Women

Women applicants make 32 per cent of new 1,000 African entrepreneurs selected for the round two of the $100 million Tony Elumelu Entrepreneurship Programme (TEEP) for 2016. Fifteen countries out of 53 which participated in the competition had a higher female-to male ration in the...

CBN Governor: The Rise and Fall of Sanusi Lamido

Devoid of politics, there have been serious allegations of financial irregularities against Mallam Sanusi Lamido Sanusi as Governor of the Central Bank of Nigeria (CBN) but SANYA ADEJOKUN of the Economic Confidential writes that timing of his removal by President Goodluck Jonathan sent wrong...