The detained National Publicity Secretary of the Peoples Democratic Party, Chief Olisa Metuh, on Monday filed a fundamental rights enforcement suit before a Federal High Court in Lagos, seeking his immediate release from custody. Metuh had since January 5, 2016 been taken into custody by the Economic and Financial Crimes Commission for questioning for allegedly […]
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THE International Monetary Fund (IMF) has advised the Federal Government to be careful with its borrowing plans. A statement issued yesterday by the Managing Director of the IMF, Ms Christine Largarde, at the end of her visit to Nigeria urged the Federal Government to identify ways to broaden the revenue base, particularly to create additional […]
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The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, said the Nigerian Maritime Administration and Safety Agency had not been remitting the revenues generated to the government’s coffers. The immediate past Director-General of NIMASA, Patrick Akpobolkemi, is currently facing 40 counts of fraud and money laundering to the tune of N34.5bn. Adeosun specifically stated that […]
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Members of the Islamic Movement in Nigeria on Monday asked the Federal Government to tell Nigerians the whereabouts of their leader, Sheikh Ibraheem el-Zakzaky and his wife. They wondered that three weeks after the arrest and subsequent detention of the Shi’ite leader and his wife by the Nigerian Army, neither the members nor their immediate […]
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FEDERAL Government plans to refund N5bn to state governments that have spent their resources to fix federal road in their domains, The Punch report. The amount represents about 1.7 per cent of a total of N300bn being claimed by state governments for executed federal road projects. The proposal is contained in the budget document which has […]
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The debt owed the 11 power distribution companies by the Federal gogernment, state government and local government has risen to N45bn, according to the latest data compiled by the Association of Nigerian Electricity Distributors. It was learnt that the debt, which rose from N32bn some months ago to the present N45bn, was accumulated by the […]
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The Federal Government says most of the female suicide bombers being used by Boko Haram do not know that they are carrying bombs. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Tuesday when he paid a courtesy visit to the Punch Place, the corporate headquarters of Punch Nigeria Limited in Magboro, […]
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The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, said on Tuesday that his office would not tolerate any act of “compromise” in the form of plea bargain for suspects whose corrupt acts had heightened insurgency in the country. Malami, who described as tormenting the alleged diversion of funds meant for […]
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Motorists yesterday got a New Year present. Petrol is to sell for N86 per litre at Nigeria National Petroleum Corporation (NNPC) outlets. Others will sell at N86.50k as against the present N87 per litre. According to The Nation, The Petroleum Products Pricing Regulatory Agency (PPPRA) said the prices would run from January 1 till March […]
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Minister of State for Petroleum Dr. Emmanuel Ibe-Kachukwu yesterday made some clarifications about the Petroleum Subsidy Fund (PSF), otherwise known as petrol subsidy. He said that there was no subsidy in the price of the Premium Motor Spirit (PMS). Kachikwu, who is also the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), […]
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The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has urged the Federal Government to abolish the fuel subsidy regime from its expenses because it had become a burden on the nation’s economy. This is contained in a statement by its Head, Public Relations, Mr. Ibrahim Mohammed on Wednesday in Abuja. He said the subsidy had […]
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Nigerians in the Diaspora returning to the country for the Yuletide and the New Year festivities have advised the Federal Government to improve infrastructural facilities across the country. They told the News Agency of Nigeria (NAN) in Badagry yesterday while returning to the country for the celebrations. Mr. Adeyinka Yusuf, who was returning from Ghana, […]
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