The National Chairman of the All Progressive Congress (APC), Mr Adams Oshiomhole, has hailed the Nigeria Customs Service (NCS) over the recent closure of land borders, urging that the momentum be sustained until neighbouring nations respect various trade protocols...
The Process and Industrial Development Limited has said Nigeria’s fresh appeal moves will not stop it from commencing the seizure of the country’s assets. It said the Federal Government must meet the deadlines for the payment of $200m security...
Organised labour on Wednesday threatened to embark on a nationwide strike from October 16, if the Federal Government fails to reconvene the meeting of the committee negotiating the consequential adjustment on the new minimum wage.
The Nigeria Labour Congress (NLC)...
The Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Wednesday told the National Assembly members that the agency had been raking in between N4.7bn and N5.8bn since the Federal Government closed the nation’s borders.
Ali stated this when he...
President Muhammadu Buhari has assured Nigerians of affordable and uninterrupted electricity supply in the “not too distant future”.
Speaking during his 59th Independence day broadcast to the nation on Tuesday, the president said his administration is resolute in reforming the...
There are strong indications that a huge chunk of the $7bn reserves which the Central Bank of Nigeria under a former Governor Charles Soludo gave to 14 banks had yet to be repaid 13 years after it was collected.
The...
President Muhammadu Buhari says Nigeria lost $157.5 billion to illicit financial flows between 2003 and 2012.
He said international laws and other systems make it difficult to repatriate stolen funds.
Buhari said this at a high-level event on illicit financial flows...
The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial Development Income Tax Act.
The pioneer status is an incentive from the Federal Government which exempts companies from income tax. It is...
Despite the privatisation of Nigeria’s power sector, the Federal Government’s financial intervention in the industry has risen to N1.5tn, Vice-President Yemi Osinbajo has said.
He said this as indication emerged that no power distribution company in Nigeria had paid tax...
The Abacha family thought they had done Nigeria a favour by giving up $1.3 billion but the Goodluck Jonathan administration soon discovered that they still had $1 billion hidden in various accounts in Europe, according to Mohammed Bello Adoke.
Using...
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