The Economic and Financial Crimes Commission ( EFCC ) will on Friday arraign a former Director-General of the National Intelligence Agency(NIA), Amb. Ayodele Oke and his wife, Mrs. Folasade Oke before a Federal High Court in Lagos in connection with $43, 449, 947, 000 intercepted in a flat. The cash was allegedly said to have […]
The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries, pensions, suppliers and taxes. The CBN issued the directive in a circular posted on its website on Tuesday and signed by Mr Sam Okojere, Director of Payments System Management Department. The apex bank said the […]
According to the report, the Nigerian maritime industry continues to receive support from stakeholders in repositioning it for efficiency and global best practices a development that has led to an encouraging move in the Liner shipping connectivity index. China records bigger surplus in trade with US despite Trump’s tariffs In the report, Liner shipping connectivity […]
Every barrel of crude oil produced and exported out of Nigeria is now being tracked by the Federal Government in collaboration with the Economic and Financial Crimes Commission, the Minister of State for Petroleum Resources, Ibe Kachikwu, declared on Tuesday. Kachikwu said the government and the EFCC recently commenced the tracking of vessels lifting crude […]
By Foster Obi The Managing Director of the Nigerian Ports Authority (NPA), recently received an Award for Excellence from Foreign Investment Network (FIN) for her contributions to the Maritime Industry during the 2019 Petroleum Industry Award in Abuja. In the pix, representative of the Managing Director, Nigerian Ports Authority, the General Manager, Corporate & Strategic […]
House of Representatives on Tuesday approved N30.000 as new minimum wage for Nigerian workers. Minimum Wage The approval followed the consideration of the report of the new minimum wage committee at Tuesday plenary. The House also approved a clause that would make the new bill operational on the date it would be assented to by […]
Femi Otedola, billionaire businessman, has disclosed how the Department of State Services (DSS) gave him the $500,000 he offered to Farouk Lawan, a former lawmaker. According to NAN, Otedola disclosed this before Angela Otaluka, a judge of the federal capital territory high Court, Apo, on Monday. Lawan was the chairman of a House of Representatives […]
Nigeria is still perceived as a country deep in corruption without clear policies to address the menace, Transparency International said on Tuesday. The anti-corruption campaigner released its 2018 Corruptions Perceptions Index (CPI) Tuesday, finding Nigeria has “neither improved nor progressed in the perception of corruption in the public administration in 2018.” The Civil Society Legislative […]
Crude oil futures stabilised in mid-morning trade in Asia Tuesday after a sharp overnight plunge in settled prices, but the outlook remains volatile ahead of key trade events. At 10:25 am Singapore time (0225 GMT), ICE March Brent crude futures edged up 11 cents/b (0.18%) from Monday’s settle at $60.04/b, while the NYMEX March light […]