Nigerians Lost N18b To MMM – NDIC

No less than three million Nigerians lost about N18 billion to the Ponzi scheme, popularly referred to as Mavrodi Mundial Movement (MMM), the Nigerian...

COURT VOIDS 45% ELECTRICITY TARIFF HIKE

Federal High Court sitting in Ikoyi, Lagos yesterday declared that the 45 per cent tariff increase made by the Nigeria Electricity Regulatory Commission (NERC)...

NNPC TO PIPE CRUDE OIL FROM NIGER REPUBLIC TO KADUNA

The Nigeria Petroleum Corporation is exploring the possibilities of piping crude oil from Niger Republic for refining in Kaduna, NNPC Group Managing Director...

The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery, the...

Exxonmobil Nigeria Gets New Managing Director

Mobil Producing Nigeria Unlimited, a subsidiary of United States-based ExxonMobil, on Friday announced the appointment of Mr. Paul McGrath as the new Chairman and...

Less Than 1% Of Naira Notes Are Fake – CBN

The Central Bank of Nigeria, CBN, has said that the amount of counterfeit notes in Nigeria from January to December 2016 was less than...

Police, CBN Begin Arrest Of Naira Abusers

The Nigeria Police Force and the Central Bank of Nigeria (CBN)have disclosed that they would embark on nationwide arrest of whoever defaces the Naira. The...

FG Revives $20bn Niger Delta Gas Project

The Federal Government has revived the Gas Revolution Industrial Park (GRIP) project worth $20 billion designed to improve gas supply to major electricity turbines...

MTN Nigeria Sacks 280 Staff

MTN Nigeria has sacked about 280 of its employees, in a major job cut that affected about 15% of the company’s entire Nigerian workforce,...

Central Bank Pegs Dollar Rate For School Fees, PTA At N375/$

  In line with its determination to boost dollar supply in the economy as well as to bridge the wide gap between the interbank foreign...
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Court Orders Police To Pay Charly Boy N50m Damages

The Federal High Court in Abuja on Monday ordered the Nigeria Police Force to pay to the popular entertainer, Mr Charles Oputa, also known...

Fayose Pleads Not Guilty, Remanded In EFCC Custody

The immediate past governor of Ekiti State, Ayo Fayose, yesterday appeared before a Federal High Court in Lagos and pleaded not guilty to the...

Nigerian Elites Frustrating Fight Against Corrupt Individuals, Says Osinbajo

Vice-President, Prof Yemi Osinbajo, has said that whenever he wants to sack a public official who has been found to be corrupt, he gets...
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