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The Federal Government Tuesday said it had raised a joint panel to probe the $9.6 billion (N.2.946 trillion) fine imposed by a United Kingdom court on the country for allegedly defaulting in a gas supply contract believed to be sealed in 2010. The inquiry, to be conducted by the Economic …

A FORMER Abia State governor, Dr. Orji Uzor Kalu, on Tuesday said he did not steal N7.2 billion while in office between 1999 and 2007. He said during his tenure, the state had no such fund. Kalu spoke while continuing his testimony before Justice Mohammed Idris of a Federal High …

Ambassador Sylvanus Nsofor The Nigerian embassy in Washington DC has woken up from slumber to condemn the criminal act by 77 Nigerians, five days after the FBI published the earth-shaking list. In a statement on Monday, the embassy said the Federal Government “condemns such criminal acts in all ramifications”. Mr …

  The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN).  This was contained in its latest exposure draft on the review of the Prudential Guidelines, PG, for commercial, merchant and non-interest banks. …

The Minister of Science and Technology Dr Ogbonnaya Onu, Monday said the Federal Government would deploy science, technology and innovation to actualize President Muhammadu Buhari’s promise of freeing 100 million Nigerians from the poverty trap. Dr Onu spoke while addressing Supervising Directors, Heads of Agencies and staff of the Ministry …

  As part of activities; marking the first anniversary of PHEMNICK NETWORK LIMITED,the travel and immigration agency is set to visit orphanages,in order to put laughter on their faces. This is revealed in a telephone chat with the founder and CEO;Otunba Dr. Toyin Aborisade. According to Dr. Aborisade,series of activities …

The Senator representing Kogi West Senatorial district, Dino Melaye, has reacted to the nullification of his victory in the March 22 election and ordering of a fresh election by the Kogi West National Assembly/State Assembly Election Petitions Tribunal, sitting in Lokoja on Friday. Melaye, in a statememt, said the judgment …

The Kogi State National Assembly/State Assembly Election Petition Tribunal has quashed the victory of Senator Dino Melaye representing Kogi West Senatorial district. Melaye (PDP) was declared winner in the February election by INEC but Senator Smart Adeyemi (APC) approached the tribunal, challenging INEC declaration on three grounds of irregularities, over …

Nigeria distribution companies have been struggling for a while with profitability and have resorted to fraud in other to shove up their earning capabilities. Ikeja distribution has been fingered in this scheme as Residents in Magodo cried out on the sudden increase of tariff from 22-50 without any government regulation …

Former Lagos Governor Akinwunmi Ambode has urged his supporters to remain calm and law-abiding as there was no cause for alarm. Ambode, in a statement by his media aide, Mr. Habib Aruna, spoke on the backdrop of a search by the Economic and Financial Crimes Commission (EFCC) on his Epe …