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...

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...

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...

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,...

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...

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...

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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Army Lifts Suspension On UNICEF Activities In North-East

Onyema Nwachukwu,deputy director public relations of the army, disclosed this in a statement issued late Friday. Nwachukwu said the decision followed “intervention by well-meaning Nigerians”. He...

Police Uncover Fake Drug Factory In Lagos [Photos]

Operatives of the Inspector General of Police Intelligence Response Team (IRT) have uncovered an illegal factory where they produce fake drugs at No. 2...

Nigerian Army Sacks UNICEF, Claims It Trains Boko Haram ‘Spies’

The Nigerian army has suspended the activities of UNICEF in the north-eastern part of the country, accusing the humanitarian agency of working for Boko...
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