NIMASA Boss To EFCC: Probe N1.5trn Allegation Against Me         The Director-General of the Nigerian Maritime Administration and Safety Agency, Mr Bashir Jamoh, has asked the Economic and Financial Crimes Commission to investigate an allegation of N1.5tn fraud levelled against him by one Jackson Ude. Ude had...

CBN Retains Lending Rate, Says Economic Recovery Still Fragile       The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, who disclosed this after the committee’s two-day meeting in Abuja also...

OML 118: NNPC, SNEPCo, Others Sign Multi-billion Dollars Pact       The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and...

Unpaid Minerals Export Royalties to Federation Account hit N17.12bn The Federal government has said that outstanding unpaid royalties from Minerals export between 2013 and 2017 to the Federation Account amounted to N17.12billion. The Minister of Mines and Steel Development, Olamilekan Adegbite disclosed this during the consultative...

Currency In Circulation Drops By N10bn       Currency in circulation dropped by N10bn from N2.81tn as of the end of March to N2.8tn as of the end of April, latest statistics from the Central Bank of Nigeria showed on Monday. According to figures from the CBN, the...

Reps Allege Sabotage, Grill Officials Over $120m Abandoned Ports’ Scanners         The House of Representatives’ Committee on Customs and Excise, on Monday, grilled top officials of the Federal Government over the abandonment of 22 cargo scanners that cost taxpayers $120m at the seaports, airports and land...