Crude oil exports from the United States to the United Kingdom overtook supplies from other countries including Nigeria for the first time since such shipments began in 2015. In January, the US supplied the equivalent of almost one in every four barrels of crude processed by UK oil refineries, or 264,000 barrels per day, illustrating […]
The acting Inspector General of Police, M.A Adamu, has ordered the posting and redeployment of the following Senior Police Officers to Zones, Formations and Commands. According to the posting, former chairman of the Economic and Financial Crimes Commission, Ibrahim Lamorde now heads Force Intelligence Bureau. Edgal Imohinmi, the commissioner of police in Lagos until today, […]
A judge has adjourned a Lagos court case between South African telecoms firm MTN Group and Nigeria’s attorney general over a $2 billion tax demand until Mar. 26, the court said on Thursday. MTN faces the demand from the country’s attorney general, a claim which the company has said is without merit. Nigeria handed MTN […]
The Economic and Financial Crimes Commission (EFCC) has again failed to arraign Ayodele Oke, former director-general of the National Intelligence Agency (NIA), and Folashade, his wife, before a federal high court in Lagos. The duo being prosecuted in connection with some monies reportedly recovered from a flat in Ikoyi, Lagos, were absent at the court […]
In a bid to resolve the ongoing strike embarked on by the Academic Staff Union of Universities (ASUU), the minister of labour and employment, Chris Ngige, will hold another conciliatory meeting with the leadership of the union on Thursday. The lecturers embarked on an indefinite strike on November 4, 2018, demanding improved funding of universities […]
Minister of Defence, Mansur Dan Ali, recently issued an order to security agencies asking them to “tackle the propagation of hate speech through the social media, particularly by some notable Nigerians.” The order means that some prominent Nigerians should be monitored and tracked down if they make statements that could be described as hate speech. […]
Barring last-minute changes, the Academic Staff Union of Universities (ASUU) may suspend its three-month-old strike on Thursday, February 7. Expectedly, the news will interest students who have spent the last three months at home due to the prolonged strike. Minister of Education, Mallam Adamu Adamu, confirmed to journalists last weekend, in Abuja, that the Federal […]
The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria’s (CBN) have risen to $48 billion since the apex bank created the market 21 months ago, investigation has revealed. The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, who confirmed this development in an interview with […]
Nigeria recorded its lowest economic confidence score in a year, after a fall in the final quarter of 2018, the latest edition of the Global Economic Conditions (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) has revealed. According to the report, in the midst of a poor […]