FG says $1b stolen funds recovered since 2015, okays anti-corruption document

Federal Government revealed, yesterday, that it has recovered about $1 billion since inception of the President Muhammadu Buhari administration in 2015. Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, made the disclosure while briefing reporters on outcome of the Federal Executive Council (FEC) meeting, presided over by Buhari, at the Presidential […]

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CBN rallies support for cashless economy, unveils new notes

New notes fortified against counterfeiting, says Buhari Emefiele: EFCC, ICPC to track withdrawal of large volumes of cash Old banknotes should be allowed to phase out over time, Adi insists Experts say currency redesign has no economic relevance Images of the new N200, N500 and N1000 notes dominated the social media, yesterday, 29 days after […]

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Atiku, Obi meet CAN, tackle APC on restructuring, alleged misrule

Atiku and Okowa during meeting with CAN leaders If we implement CAN’s road-map for Nigeria’s development document, there is nothing again to do – Obi We’re still against same faith ticket – CAN The Peoples Democratic Party’s Presidential candidate, Atiku Abubakar, has said the ruling All Progressives Congress does not keep promises, insisting that the […]

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Bayelsa confirms receipt of arrears of 13% oil derivation refunds from FG

Bayelsa government confirmed on Tuesday that it had been receiving refunds of arrears of 13 per cent oil derivation proceeds from the Federal Government. It did not state how much had been received, however. Tuesday’s confirmation by Bayelsa followed Rivers Governor Nyesom Wike’s declaration and commendation for President Muhammadu Buhari for authorising the payment of […]

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CBN moves to curb inflation as interest rate jumps to 16.5%

Presents new naira notes to Buhari today Standing deposit at 17.5% shows inflation rate manipulated, says expert Raising of interest rate from 15.5 per cent to 16.5 per cent, translating to the standing deposit rate hitting 17.5 per cent, shows inflation rate might be manipulated, the Chief Executive Officer of Dairy Hills Limited, Kelvin Emmanuel, […]

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Coups: U.S. excludes Sudan, Mali, others from Africa Leaders’ Summit

United States flag (Survivor) @Twitter.” (Photo by Emmanuel Dunad/AFP) 45 leaders confirm attendance Forty-five African heads of state and government have confirmed attendance at the U.S. Africa Leaders’ Summit, held in Washington D.C. next month. United States President, Joseph Biden, had extended an invitation to 49 African leaders. Dana Banks, the Special Assistant to the […]

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Oil drilling begins in Gombe, Bauchi with 1b barrels oil, 500bscf gas

First Oil Drilling In Northern Nigeria… Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti (left); Group Chief Executive Officer, Nigerian National Petroleum Company, Mr. Mele Kyari; Gombe State Governor, Muhammad Inuwa Yahaya; President Muhammadu Buhari and presidential candidate of the All Progressives Congress, Bola Tinubu, at the ground-breaking ceremony […]

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