MTN Share Price Increases After Revoked Tax Case   The share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria. The increase in the share price pushed the company’s market...

Nigerians Spend N2.4trn Yearly On Vehicle Imports   The Federal Government has said Nigerians are spending over $8bn (N2.4trn) annually to import vehicles. Minister of Justice and Attorney General of the Federation, Abubakar Malami, made the disclosure on Monday in Abuja while unveiling a competition on ‘automotive...

FG, IOCs Commence Talks On $62bn Dispute   The Federal Government has commenced preliminary talks with international oil companies in a bid to settle a dispute over oil revenue. Last week, it was reported that Nigeria was seeking to recover as much as $62bn from the IOCs,...

Nigeria Eyes Another $500m Abacha loot In addition to the $322 million recovered from Switzerland, Nigeria will soon repatriate another $500 million which late Sani Abacha looted and locked up in other countries. The monies are expected to be repatriated from the UK, US, France and...

Justice Nnamdi Dimgba of the Federal High Court in Abuja has granted a request by the Federal Government for a temporary forfeiture of all funds held in bank accounts not linked to BVNs. Also to be forfeited are funds in accounts whose ownership could not...

The Federal Government has so far recovered N15 billion and another $10.5 million US Dollar from looters, Attorney General of the Federation (AGF) and minister of Justice, Alhaji Abubakar Malami (SAN) said. Speaking when the Senate committee on judiciary, human rights and legal matters visited...