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The Senate has launched a fresh investigation into the Nigeria Customs Service over the alleged revenue leakage under the border security agency between 2006 and 2016 to the tune of about N4tn. The Chairman, Senate Committee on Customs, Excise and Tariff, Hope Uzodinma, made this known in an interview with journalists in Abuja on Friday. Uzodinma stated that the committee would...
by Small Business With TED IWERE More than 1000 mining sites across the country are occupied by illegal miners, the Nigerian Mining and Geosciences Society has said. The President of the society, Prof. Gbenga Okunlola, said this at a press conference to announce the 2017 National Conference of the NMGS in Abuja on Thursday. Illegal mining has remained a recurring decimal in...
by Small Business With TED IWERE The permanent secretary was appointed by President Buhari in 2015 – The permanent secretary was said to have presided over the affairs of one of the strategic ministries handling intervention programmes in the country until his dismissal   President Muhammadu Buhari has sacked a Permanent Secretary who has been allegedly defrauding the Federal Government through the award...
About 50, 000 jobs have been created in the country following the signing of a Memorandum of Understanding (MoU) on the supply of phosphate between the Nigerian and the Moroccan government. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru disclosed this on Thursday while receiving the National Coordinator of The New Partnership for African...
Representatives Ad Hoc Committee on the Review of Petroleum Products Pricing has summoned  the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, Minister of State for Petroleum, and Ibe Kachikwu, to appear before it next Monday over the alleged diversion of millions of dollars meant for the importation of premium motor spirit (PMS). Also expected to appear before the...
curriculum for admiralty law in collaboration with the Nigerian Maritime Law Association (NMLA) in order to enhance the availability of knowledge in the discipline. The Executive Secretary and Chief Executive Officer of the Nigerian Shippers' Council, Mr. Hassan Bello said this when members of the Nigerian Maritime Law Association paid a courtesy visit to the Council's headquarters in Lagos, recently. Hassan...
Abuja – Ahead of the 2019 general elections, President Muhammadu Buhari has forwarded to the Senate for confirmation appointments of 27 resident electoral commissioners in 27 out of the 36 states of the federation. President Buhari’s request on confirmation of the 27 resident electoral commissioners was read on the floor of the Senate on Thursday by Senate President Bukola Saraki. The...
The management of Addax Petroleum Nigeria Ltd. on Saturday confirmed that Geneva Prosecutor’s Office was conducting a criminal investigation into allegations focusing primarily on the company’s business in Nigeria. The company’s Communications Officer, Michael Owhoko, confirmed in a statement in Lagos that the Chief Executive Office of its Geneva Office, Zhang Yi, and the legal director were under arrest. According to...
by Small Business With TED IWERE On the heels of the  concern on the stability of the banking industry expressed by the Central Bank of Nigeria, CBN, after its Monetary Policy Committee, MPC, meeting last Tuesday, Fitch Ratings, a global financial and economic watchdog, has said that Nigerian banks will continue to face challenges this year, following an extremely difficult...
by Small Business With TED IWERE Oil prices are heading down again on swelling US crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has taken more than 1 million barrels per day of oil off the market has not succeeded in reversing this bearish trend for inventories. And with...

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