Netherlands, Switzerland to repatriate $200m Malabu deal cash –AGF

Nigeria is awaiting the return of $200m from the Netherlands and Switzerland from the Oil Prospecting Licence 245 deal, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami,…

14 airports now open to domestic flights – FG

The Federal Government on Sunday announced that14 airports were now opened for domestic commercial flight operations. https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js Minister of Aviation, Hadi Sirika, who announced this in a tweet through his…

ILLICIT REFINERY DISCOVERED IN RIVERS, BY THE NAVY

A naval drone has discovered an illegal refining site with 300,000 litres of diesel and a large wooden boat containing 314 barrels of crude oil in Cawthorne channel, Port Harcourt,…

NIGERIA’S DEBT GREW BY 127%, SAYS LCCI

Economy experts have expressed their discomfiture and worry over the rate at which the nation’s debt rises, a situation that questions the capacity at which the nation tends to service…

NIGERIA LOST $1.4BN TO IMPORTATION OF CHEMICALS IN 2019~NARICT

The Director-General, National Research Institute for Chemical Technology, Zaria, Prof. Jeffrey Barminas, said that Nigeria lost $1.4bn to importation of chemicals in 2019. He made the disclosure on Thursday at…

BILL GATES DEBUNKS RUMOURS OF INVENTING COVID-19

Billionaire philanthropist Bill Gates on Thursday pushed back against some of the conspiracy theories spreading online accusing him of creating the coronavirus outbreak. “It’s a bad combination of pandemic and…

Delta communities threaten new 1,050 refinery workers

A fresh crisis is looming in the oil fields across the Niger Delta region as the Itsekiri host communities threaten to make life unbearable for the newly recruited 1,050 refinery…

REPS INVESTIGATE CBN OVER COVID-19 LOANS

The House of Representatives has resolved to investigate the Central Bank of Nigeria over the difficulties Nigerians face in accessing its special intervention loans, especially that created for Small and…

FG TO BORROW N4.28tn loan for N12.66tn 2021 BUDGET

The Federal Government has proposed N12.66tn as aggregate expenditure for the 2021 fiscal year on a deficit of N5.16tn. It would be partly financed by a total loan package of…

FG LOSSES N1.46tn OF REVENUE IN THE FIRST QUATER OF 2020

Gross federally-collected revenue fell by 36 per cent or N1.46tn below the quarterly budget estimate in the first quarter of 2020. The Central Bank of Nigeria disclosed this in its…