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FG To Close 2017 Budget With N1.5trn Excess Capital Spending

FG To Close 2017 Budget With N1.5trn Excess Capital Spending

The Minister of Finance, Mrs Kemi Adeosun, says the Federal Government will be closing the 2017 budget with a capital spending in excess of N1.5 trillion. Mrs Adeosun. who revealed this development on Sunday in a series of tweets on her Twitter handle, said the figure is higher than what the government achieved in the

What Nigeria will do with $320 million Abacha loot – Buhari

The federal government on Monday in Abuja announced that $320 million stolen funds by late military dictator, Sani Abacha, would be spent on the Conditional Cash Transfer scheme of the administration to support the poor.   Declaring open the 8th Commonwealth Conference of Anti-Corruption Agencies in Africa, Mr Buhari, represented by Vice President Yemi Osinbajo,

Ex-DG, Bursar of education agency docked for alleged N208 million fraud

The Economic and Financial Crimes Commission, EFCC, on Monday arraigned the duo of Peter Ojedele and Ali Ahmadu, former Director General and Bursar of the National Institute for Educational Planning and Administration (NIEPA) respectively, before Justice Abdul Dogo of the Federal High Court sitting in Akure, Ondo State on a 9-count charge bordering on forgery

Facebook suspends 200 apps over data misuse investigation

Facebook Inc has so far suspended around 200 apps in the first stage of its review into apps that had access to large quantities of user data, in a response to a scandal around political consultancy, Cambridge Analytica. “The apps were suspended pending a thorough investigation into whether they misused any data,’’ Ime Archibong, Facebook’s

Money laundering: CBN goes hard on banks

• Non-compliant bank’s Boards may be removed The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The new rule, signed by CBN Director, Financial Policy

NNPC boosts gas supply to power sector by 88.89%

The Nigerian National Petroleum Corporation (NNPC) increased the supply of gas to the power sector by 88.89 per cent between January 2017 and January 2018. A press statement by the NNPC spokesman, Ndu Ughamadu, in Abuja on Sunday, said the information was reported in the corporation’s monthly financial and operations report for January 2018. Mr

Full Text of Opening Remarks By NUPENG National President, Comrade Williams Akporeha, At The 4th Quadrennial Delegates Conference OF PTD

OPENING REMARKS OF COMRADE WILLIAMS  AKPOREHA, THE CHAIRMAN OF THE 4TH QUADRENNIAL DELEGATES CONFERENCE OF PETROLEUM TANKER DRIVERS BRANCH OF NUPENG HELD ON 10TH MAY 2018 AT LADI-KWALI CONFERENCE HALL OF SHERATON HOTEL, ABUJA. My fellow Comrades Ladies and Gentlemen, It is my special pleasure and honour to be at this 4th quadrennial delegate’s conference

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