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…

FORFIETED VEHICLES AUCTIONED TO PRESIDENCY VILLA, MINISTRIES

The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says some of the vehicles recovered by the EFCC were auctioned to the Presidential Villa, the Ministry…

774000 JOBS: FINALLY SENATE GIVES RECRUITMENT RIGHTS TO NDE

The Senate on Tuesday ordered the National Directorate of Employment to take over the recruitment process of the 774, 000 temporary federal jobs from the Minister of State for Labour,…

REPS ARE BULLYING ME, SAYS AKPABIO

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, on Monday, accused the House of Representatives Committee investigating financial mismanagement in the Niger Delta Development Commission, of bullying him. The…

NNPC suffers 47% drop in petrol sales revenue

The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April as supply dropped amid the coronavirus lockdown and the reduction…