Business

Federal revenue crashes by N18.802 billion

Nigeria’s gross revenue crashed to N213.817 billion in the month of April 2016, a communique released by the Federation Accounts Allocation Committee (FAAC) and signed by the Accountant-General of the Federation, Alhaji Ahmed Idris, disclosed. The communique released Wednesday in Abuja indicated that the revenue for the month was lower than the N232.619 billion received […]

Brands & Promos

Shell to lay-off 2,200 workers

Owing to low oil prices and its takeover of smaller rival BG Group, Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure Shell is competitive […]

Business

Businessman forfeits undeclared $41,000 to FG

The Economic and Financial Crimes Commission (EFCC) on Tuesday successfully secured the conviction of one Agumandu Christopher Nnamdi, before Justice F.N. Yunusa of the Federal High Court Enugu, Enugu, on a count charge bordering on money laundering. The convict was arrested by a team of Presidential Trans-border Task Force of the Nigeria Customs Service on […]

Business

Enugu IGR hits N700m monthly

Enugu State Government says that its Internally Generated Revenue (IGR) has risen from N450 million to N700 million monthly due to improved collection system. The Commissioner for Finance and Economic Development, Mrs Eucharia Uche-Offor, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Enugu. Uche-Offor said that the increase […]

General

Sexual Assault charge: Cosby ordered to trial

Popular comedian, Bill Cosby has been ordered to face trial on accusations of sexual assault by a Pennsylvania judge. Judge Elizabeth McHugh who made the order on Tuesday, found that prosecutors presented enough evidence to support allegations that he drugged and assaulted a woman in 2004. The judge rejected arguments from Cosby’s defense lawyers that […]

Business

Supply meters to electricity consumers, Emefiele tells DISCOs as CBN disburses Electricity Market Stabilisation Facility

Amechi Obiakpu   Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has called on all Electricity Distribution Companies (DISCOs) to ensure that all electricity consumers are supplied with meters. This, he said, will ensure that revenue realised will equate the amount of electricity consumed. Emefiele stated this over the weekend during the “4th […]

General

Manchester United sacks Louis van Gaal

Louis van Gaal has been sacked as Manchester United manager, with the club bringing the Dutchman’s two-year reign to an end on Monday, reports from England said. “Van Gaal led United to the FA Cup on Saturday but it wasn’t enough to save him after he failed to qualify for the Champions League and received […]