HomeNewsNational News

National News

N-Power: Volunteers’ Physical Vrification set for Dec 4

The 300,000 candidates pre-selected under the Federal Government’s N-Power Scheme will undergo its physical verification phase from Dec. 4 to Dec. 14 in the 774 local government areas of the country. The Senior Special Assistant to the President on Job Creation/Youth Employment, Mr Afolabi Imoukhuede...

Reps Investigate Alleged Missing $60bn Petroleum Profit Tax Revenue

•Knocks CBN, FIRS, DPR House of Representatives Committee on Public Petitions says it will investigate alleged missing $60.3 billion Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN). Chairman of the committee, Mr Uzoma Nkem-Abonta (Abia-PDP), stated this on Wednesday in Abuja...

Senate Investigates N2bn Hydro-Power Fund

The Senate has mandated its committees on Power and Public Accounts to probe amounts running into over N2 billion, including interest accrued, and collected on behalf of the Hydroelectric Power Producing Areas Development Commission (HYPPADEC). Accordingly, the red chamber mandated the relevant committees to invite...

$300m Illegal Rosewood Logs Smuggled To China

Environmental Investigation Agency (EIA) in its recent reports has revealed that over 1.4 million illegal rosewood logs from Nigeria, worth $300 million, were laundered into China. The reports by EIA described illegal rosewood logs from Nigeria as one of the largest timber smuggling operations in...

Nigeria’s GDP Up 1.4 Percent

The Presidency yesterday described as a welcome development the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics, with oil, agriculture and industrial sectors leading the growth. The Senior Special Assistant to the President on Media and Publicity (Office of the...

Nigeria Floats US$3bn Dual-Tranche Bond

…Announces pricing of US$1.5bn 10-year; US$1.5 billion 30-year notes under its Global Medium Term Note programme The Federal Government has announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note...