An FCT High Court, Maitama, on Friday granted the request of the Economic and Financial Crimes Commission (EFCC) to detain Mohammed Adoke, former Attorney General and Minister of Justice for 14 days. Adoke was picked up on Dec. 19 by the INTERPOL on his arrival from Dubai at the Nnamdi Azikiwe International Airport, Abuja, and […]

Following the affirmation by the Supreme Court, of the disqualification of Uche Nwosu, governorship candidate of the Action Alliance in the 2019 governorship election in Imo State, Governor Emeka Ihedioha , has again called on Nwosu, to join hands with him and other well meaning people of the state in an effort to rebuild the […]

Low revenue will constrain the implementation of the 2020 budget, Minister of Finance. Budget and Panning Mrs Zainab Ahmed said on Thursday. She noted that 44 per cent of projected revenue would come from oil-related sources while the remaining 56 per cent is projected from the non-oil sector. According to her, because the implementation of […]

Freight forwarders operating in the Lagos ports have called on the Nigerian Ports Authority (NPA) to re-arrange its call-up system, stressing that the current system has failed. The NPA introduced the call-up system mid this year for the orderly movement of trucks in and out of the Lagos ports as part of the measures to […]

The Chairman of Lagos Deep Offshore Logistics base (LADOL), Mr. Ladi Jadesimi, has described the global maritime industry as holding vast untapped potential for growth and wealth creation. Jadesimi, stressed that the sector also holds the key to the sustainable economic development of Nigeria when its potential is adequately harnessed and nurtured. He stated this […]

v President Muhammadu Buhari thursday ordered the reconstitution of the Board of the Niger Delta Development Commission (NDDC), effectively sacking the new board led by Pius Odubu, which has since been cleared by the Senate. The president also ordered a forensic audit of the organisation and subsequent inauguration of the reconstituted board after the forensic […]

Nigeria, China and other countries contributed to the Global debt that stands at  $188 trillion, the International Monetary Fund (IMF) disclosed. The IMF, in its new update on World Debt, disclosed that the global average debt to Gross Domestic Product (GDP) ratio weighted by each country’s GDP reached 226% in 2018, 1.5% higher than what was recorded […]

The Federation Accounts Allocation Committee (FAAC) has shared a total of N635.826 billion to the three tiers of government for the month of November 2019. This was announced at the FAAC meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse. The N635.826 billion was the total of  […]

House Democrats on Wednesday impeached President Trump for abusing his power, the first of two impeachment articles the lower chamber is poised to adopt in historic votes alleging the president is unfit for office. Lawmakers approved the resolution accusing Trump of abusing his power, with only two Democrats — Reps. Collin Peterson (Minn.) and Jeff […]

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, wednesday put the amount so far released to fund the capital expenditure (capex) in the 2019 budget at N1.2 trillion. She also put the prorated revenue performance in the third quarter of the current fiscal year for nine months at N4.2trillion. She gave the […]