South Africa’s MTN Group has resolved a dispute with Nigeria’s central bank and made a $53 million payment, the telecoms company said in a message posted on Twitter on Monday. Nigeria’s central bank had said $8.1 billion in dividends paid by MTN Nigeria to its parent company between 2007 and 2015 and sent back to […]
The Nigeria Labour Congress (NLC) has said that it would embark on a nationwide mobilisation of Nigerian workers to protest federal government’s delay in transmitting, enacting and implementing a new national minimum wage of N30, 000. The NLC also urged the Economic and Financial Crimes Commission EFCC to investigate allegations of diversion of the bailout […]
Tottenham Hotspur showed why manager Mauricio Pochettino is a wanted man by thrashing Everton 6-2 at Goodison Park on Sunday to close to within six points of Premier League leaders Liverpool. Spurs have had to cope with the unwanted attention of Pochettino being linked with the Manchester United job following Jose Mourinho’s sacking this week. […]
The Academic Staff Union of Universities (ASUU) says it may not honour further calls by Federal Government for a meeting on the way forward over the current strike by its members. The union’s National President, Prof. Biodun Ogunyemi, said this on the sideline of a news conference on the update of the union’s struggle to […]
The vice presidential candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has described the report of worsening unemployment situation in the country as very saddening. He said what is required at the moment is a complete change of approach to economic policies and a more aggressive effort to provide jobs for millions of […]
Two persons have been intercepted carrying $2.8million cash at Akanu Ibiam International Airport, Enugu. The men were arrested by the officials of the Economic and Financial Crimes Commission, Enugu Zone. The suspects, identified as Ighoh Augustine and Ezekwe Emmanuel, claimed to be workers of Bankers Warehouse. The EFCC said the two men concealed the cash […]
By Foster Obi Federal Airports Authority of Nigeria (FAAN) has assured air travelers and other airport users that her network of airports across the country are fully prepared for the usual surge in passenger traffic that is the norm during the Christmas and New year season. A statement signed by Yakubu Henrietta, FAAN General Manager, […]
By Foster Obi Boeing coy and Lagos-based Green Africa Airways Friday said they have made a commitment of up to 100 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options, as the airline plans to begin commercial operations. A statement signed by Saffana Michael, Boeing Communications said “The total deal carries […]
A Geneva prosecutor is reviewing material in a suitcase seized nearly three years ago to decide what can be shared with Italian authorities in a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria, his office said on Friday. The prosecutor received the green light after Switzerland’s top court, the […]
There are indications that the country’s Debt Servicing-to-Revenue Ratio, DSRR, may worsen in 2019 following the plan to sustain borrowing in the new fiscal year. CBN Governor, Mr. Godwin Emefiele With Nigeria’s overall budget deficit proposal of N1.859 trillion in 2019 fiscal year, the federal government has disclosed that it would finance the short fall […]