THE Federal Government through the Nigerian National Petroleum Cooperation (NNPC) has announced plans to recover $7billion (N1.5trillion) in over-deducted tax benefits from joint venture partners on major capital projects. NNPC has also appointed an accounting firm to ascertain the exact…
Lagos restricts trailer movement
WORRIED by the chaotic state of transportation within the metropolis, the Lagos State government has directed law enforcement agencies to impound trailers and long vehicles plying the metropolis at day time. The state government explained that the directive was in…
Lawyer drags new Customs CG to court
A lawyer based in Enugu, Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by…
Oliseh, player condols Enyeama
UPER Eagles coach, Sunday Oliseh has condoles captain Vincent Enyeama over the death of his mother. He also used the opportunity to assure Nigerians that the team will excel in Tanxania as part of the 2017 Africa Nations Cup qualifier….
FAAN arrests suspect with N54.3million
AN officials of the Federal Airports Authority of Nigeria (FAAN) has arrested a suspect over alleged attempt to traffic $271.14m (N54.35bn) through the Murtala Muhammed Airport, Ikeja. In a statement, the FAAN Deputy General Manager, Corporate Affairs, Onyekwere Nnaekpe, said…
Lawyer drags Buhari to Court over appointment of Ali as Customs boss
A lawyer based in Enugu, Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by…
Dangote Cement to Generate Jobs in Cameroon
The Managing Director of Dangote Group, Onne Vander Weijde, has declared the preparedness of the company to create about 150 to 300 jobs in Cameroon. In an interview with CNBC, he said: “Thousands of jobs are being created [indirectly] through…
Warri refinery gets 90-day Ultimatum
THE Nigerian National Petroleum Corporation (NNPC) has challenged the management of Warri Refining and Petrochemicals Company (WRPC) to commenced full production within 90 days. Group Managing Director of NNPC, Dr. Ibe Kachikwu, who gave the ultimatum during a tour of the…
FG reveals Buhari, Osinbajo assets
The Federal Government has disclosed details of the assets of President Muhammadu Buhari and Vice President Yemi Osinbajo, as declared to the Code of Conduct Bureau. A statement issued by Senior Special Assistant to the President (Media and Publicity), Garba…
UBA declares 20k interim dividend
FOREMOST financial services group, United Bank for Africa (UBA) Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to provide value to…
NNPC refutes agenda to sell refineries
The Nigerian National Petroleum Corporation (NNPC) has denied any agenda to sell existing refineries. However, NNPC clarified that it may consider encouraging joint venture investments in the facilities. In a statement, the Group Managing Director of the NNPC, Dr. Ibe…
Govt probes NIMASA projects
The Federal Ministry of Transport has constituted a committee to carry out verification of all projects currently being executed by the Nigerian Maritime Administration and Safety Agency (NIMASA). The committee which has members drawn from the Federal Ministry of Transport,…
NNPC to tackle oil theft with drones
Nigeria National Petroleum Corporation (NNPC) has announced plans to deploy drones to monitor the movement of oil bearing vessels across the nation’s waterways. The Group Managing Director of NNPC, Dr. Ibe Kachikwu, explained that from June 2014 to June 2015,…
Customs impounds bullet-proof Toyota SUVs
FOR allegedly bringing the vehicles into Nigeria illegally, the Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘C’ Owerri has impounded 13 new vehicles, including two bullet-proof Toyota Prado Sports Utility Vehicles (SUVs). The Customs Area Controller (CAC), Comptroller…