Day: November 6, 2017

Oil prices hit $62.44 early on Monday, the highest crude prices have reached in two years as markets tightened, just as the Saudi Arabian crown prince launched an anti-corruption crackdown that saw the arrest of top government officials. Brent Crude futures sold for $62.44 per barrel early on Monday while U.S. West Texas Intermediate hit […]

Minister of Finance Kemi Adeosun has revealed numbers of Nigerian companies that do not pay taxes. Adeosun in a statement said that more than 800,000 companies in Nigeria, including government contractors, have never paid any taxes. She said only 14 million Nigerians, out of an economically active base of 70 million, paid their taxes. Adeosun […]

A Federal High Court in Abuja had ordered the forfeiture of all monies in bank accounts owned by corporate organisations, government agencies and individuals without the BVN. The forfeiture order, which was issued by Justice Dimgba Igwe, while ruling on an ex parte application filed by the Federal Government through the Office of the Attorney […]

The Plateau State Police Command says it is investigating the circumstances surrounding the murder of Waziri Isua Forsum, the Action Democratic Party Chairman for Jos East Local Government Area of the state. State Chairman of the party, Andrew Daman  had  during a press conference at the week end, confirmed the killing of Waziri by gunmen […]

A human rights lawyer, Femi Falana (SAN), on Sunday urged President Muhammadu Buhari to act fast in imposing appropriate sanctions on government officials who allegedly conspired to bring back a former Chairman of the defunct Presidential Task Force on Pension Reforms, Abdulrasheed Maina, to the country and got the fugitive reinstated into the public service […]

The Academic Staff Union of Universities (ASUU) is planning to hold its National Executive Council (NEC) meeting this week to review the Memorandum of Action (MoA) signed with the Federal Government before the suspension of its strike a few months ago. Both government and ASUU had agreed to a memorandum of action, which stipulated that the […]

The Federal Government has told the Federal High Court in Lagos that the record of spending of N388.304 billion London Paris Club Loan refunds by 35 states released to the states by the Federal Government to pay overdue pensioners’ entitlements and workers’ salaries “is protected by professional privilege, and therefore confidential.” The Federal Government through […]

As President Muhammadu  Buhari prepares to present the 2018 budget before the National Assembly tomorrow, residents in Jos have been speaking on their expectations over the proposed fiscal plan. It would be recalled   that Mr President had  earlier written to the National Assembly to present the 2018 appropriation bill before the joint session  on  Tuesday, […]

On this day in 1952, a Nigerian businessman from the industrial city of Nnewi, who is the head of The Ibeto Group, known to be the largest business empire in Nnewi, a city unique for its entrepreneurial spirit, Cletus Madubugwu Ibeto, was born. In the early 1980s, when the oil crash and a controversial import […]

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