A High Court of the Federal Capital Territory on Tuesday, discharged and acquitted the suspended Director General of the Security and Exchange Commission, SEC, Mounir Gwarzo. The acquittal followed the dismissal by the court of a five-count charge the Independent and Corrupt Practices and Other Related Commission (ICPC) preferred against him and the Executive Commissioner, […]
The Presidency on Monday made clarifications on why the President Muhammadu Buhari-led administration mulled the plans to establish the Special Economic Zones in the country as part of its efforts to fast-track Nigeria’s industrial development. The clarification came on the heels of recent misrepresentation about the purpose of the zones being peddled in the public, […]
The Nigerian Communications Commission (NCC) reported that Internet users in Nigeria increased to 114,752,357 million in February 2019. The latest data showed that overall internet users increased by 850,153 in February from the 113,875,204 users recorded in January. The commission gave these figures in its Monthly Internet Subscribers Data for February posted on its website. […]
The Securities and Exchange Commission (SEC), at the weekend said that it would strengthen collaboration with other regulatory institutions in the financial sector in the task of improving Nigeria’s financial literacy rate. The commission hinged the step on the potential of the collaboration to help in taking the ongoing campaigns to the grassroots with the […]
The Ibadan Field Office of the Department of Petroleum Resources (DPR) on Monday threatened to sanction oil marketers engaging in fuel hoarding in order to ensure availability of products. Giving this hint while interacting with journalists on fuel situation in the state, the Controller Operations, DPR Ibadan Field Office, Mr Oluyemi Olaonipekun, promised that the […]
With an estimated 50 million Americans yet to file their tax returns at the weekend despite the April 15 Tax Day deadline set by the fiscal authorities, the IRS has indicated its readiness to accept tax returns filed after the date, subject to a grant of extension. Except for resident or corporate entities in Maine […]
The Chairman of United Bank for Africa Plc, (UBA) and Heir Holdings, Mr. Tony Elumelu on Friday charged the International Monetary Fund (IMF) and other development partners to provide alternative sources of raising funds for Nigeria if Chinese loans are not in the best interest of the country. Elumelu, who gave the charge while interacting […]
For the second time within 10 days, the Senate Committee on Appropriation on Thursday failed to lay the report of the 2019 Appropriation Bill, with budgetary proposal totalling N8.83 trillion, before the Senate in plenary. Findings indicated that the laying of the report was neither listed on the Order Paper for day, nor was it […]
The Managing Director, Afam Power Plc, Mr Olumide Obademi, on Friday appealed to the Federal Government for adequate budgetary provision to enable the company remain competitive in the nation’s power generation market. He made the appeal in Afam, Rivers State when principal officials of the Federal Ministry of Power, Works and Housing embarked on a facility inspection […]
Appraising the performance of the Nigerian investment space the past year, reflects a sector that has continued to respond proactively to emerging global trends following innovative strategies being adopted by those saddled with the responsibility of guiding the investment market towards desirable direction for sustainable growth. As it were, the Nigerian Stock Exchange (NSE) serves […]