Month: October 2017

The Securities and Exchange Commission has launched the Nigerian Capital Market Development Fund (NCMDF) as part of efforts to improve the Nigerian capital market. At the inauguration ceremony of the board in Abuja, the Director General of the commission, Mounir Gwarzo explained that the initiative aims to boost investors’ confidence. On his part, the former […]

The Minister of Finance, Kemi Adeosun, revealed on Tuesday Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017. The non-oil revenue represents 46.15 per cent of the 2017 VAT budget of N1.728 trillion. It is however an increase of 19.78 per cent over the corresponding period […]

The National Judicial Council (NJC) has replaced a former President of the Court of Appeal, Justice Ayo Salami, as the head of the Corruption and Financial Crime Cases Trial Monitoring Committee (COTRIMCO). The Director of Information of the NJC, Soji Oye, said in a statement on Tuesday that Salami was replaced by a retired Justice […]

Vice-President Yemi Osinbajo on Tuesday expressed delight over the World Bank’s latest “Doing Business” report that saw Nigeria moving up 24 places to 145th and recognising the country as one of the top 10 most improved economies in the world. He congratulated all stakeholders who worked with the Federal Government to achieve what he described […]

The Nigerian government through the Ministry of Youth and Sports, says it has spent about three billion naira (N3 billion) on the Super Eagles’ qualification for the 2018 FIFA World Cup in Russia. The permanent secretary, Ministry of Youth and Sports, Olusade Adesola made this known while speaking to newsmen during the Federation of Public […]

The President of the Senate Dr, Bukola Saraki has said that the sack of the former Secretary to the Government of the Federation, Babchir Lawal had vindicated the senate. This is even as he has directed all committees of the Senate to quickly conclude all corruption investigations currently pending before them. The President of the […]

The Economic and Financial Crimes Commission has prayed the Federal High Court in Lagos not to order the return of a former Minister of Petroleum Resources, Diezani Alison-Madueke, from the United Kingdom to Nigeria. The EFCC described Diezani’s pleas to be brought back to Nigeria as a ploy to escape justice in the UK, where, […]

The Presidency has faulted reports that President Muhammadu Buhari said former Secretary to Government of the Federation (SGF), Babachir Lawal, was not guilty of the corruption allegations levelled against him. Special Adviser to the President on Media and Publicity, Femi Adesina, who stated this on Monday, added “You didn’t get it right; the President had […]

A coalition of youth groups in Plateau State under the auspices of Middle Belt Council and the Fulani herdsmen have differed on the proposed anti-open grazing bill in the state. While the youth groups during a recent interface with the leadership of the State House of Assembly argued  that the bill, when enacted into law, […]

Boss Gida Mustapha, who just replaced sacked Secretary to the Government, SGF, Babachir Lawal, is a lawyer, management consultant, politician and businessman who has spent several years in Nigeria’s public service. Born in Adamawa State, Mr. Mustapha attended Hong Secondary School, in Hong Adamawa State and North East College of Arts and Sciences, Maiduguri, Borno […]

A former Minister of Petroleum Resources, Diezani Allison-Madueke on Monday asked a Federal High Court in Lagos to issue an order, listing her as a party to a N500m fraud charge involving a Senior Advocate of Nigeria, Dele Belgore. The Economic and Financial Crimes Commission had charged Belgore together with a former Minister of National […]

The ECOWAS Court of Justice has awarded N88 billion damages against the Federal Government for its failure to clear landmines and remains of explosives in the aftermath of the civil war in the South Eastern part of the country. In a consent judgment delivered by Justice Chijioke Nwoke, the court ordered the Federal Government to […]

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