Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Tuesday confirmed that the Federal Government had recovered $700 million looted funds in the last four years, including the just received £4.2 million stolen from Delta State’s treasury by an ex-governor, James Ibori, from the United Kingdom. Malami gave this hint during a virtual […]
Bitcoin, the biggest and most traded cryptocurrency tumbled below the $40,000 mark on Wednesday, representing its lowest selling price in a 3-1/2 month low as China’s ban of financial and payment institutions from providing cryptocurrency services’ implementation intensified. Reuters noted that although bitcoin had been under pressure from a series of tweets from Tesla boss, […]
The Council of the European Union (EU ) has raised questions on Washington’s demands on countries to roll back national “unilateral” tech taxes as soon as a global levy on multinational companies is agreed on. A news report by POLITICO, an online platform, indicated that the Council’s opposition to the U.S. government’s fiscal stance was […]
As health ministers and health experts from the global community rev up preparations for the World Health Assembly in furtherance of their collective efforts to bring COVID-19 pandemic under control, WaterAid Nigeria on Wednesday called on the Nigerian government to prioritise basic hygiene in its development programmes. The non-governmental organization, in a statement sourced by […]
The National Bureau of Statistics (NBS) has reported a slight decrease in Nigeria’s Consumer Price Index (CPI), which measures the general price level (inflation) in the economy, from 18.17 percent rate recorded year-on-year in March to 18.12 percent in April 2021. The NBS stated that the drop represented 0.05 per cent points lower than the […]
President Muhammadu Buhari on Tuesday formally requested the Senate’s approval of a new $6,18 billion (about N2.3 trillion) foreign loan to part-fund the 2021 budget. The President’s request was conveyed in a letter read at the Red Chamber’s plenary by the President, Senator Ahmad Lawan. Buhari indicated that the new loan loan, if approved, would […]
The National Insurance Commission (NAICOM) has inaugurated the Sub Working Group (SWGs) of the Insurance Industry Financial Reporting Working Group (IIFRWG) for the purposes of adopting the International Financial Reporting Standard (IFRS) 17 by insurers in the country. The commission’s CEO and Commissioner for Insurance, Mr. Sunday Thomas, while inaugurating the groups on Monday in […]
Lagos State Government on Monday disclosed that it secured $629 million loan to part-fund the Lekki Deep Sea Port Enterprise Limited project. The Commissioner for Commerce, Industry, and Cooperatives, Dr. Lola Akande, gave this hint during the year 2021 ministerial press briefing to mark Gov. Babajide Sanwo-Olu’s second year in office. According to her, the […]
Vertiv (VRT), a global provider of critical digital infrastructure and continuity solutions, on Tuesday introduced the Vertiv™ VRC-S, a fully factory-assembled micro data center designed for fast, easy installation at the edge of the network and other small Information Technology (IT) sites. A news report by African Press Organisation (AGO) Group on the latest technology […]
Lagos State Cooperative Societies’ capital base has risen to N33 billion up from N32 billion it grossed in 2019. The state Commissioner for Commerce, Industry and Cooperatives, Mrs. Lola Akande, disclosed this in Lagos at the 2021 Ministerial news conference to commemorate the second year in office of Gov. Babajide Sanwo-Olu. Akande explained that as […]