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How €2.556bn alleged fraud blew open

A witness in the trial of four suspected fraudsters, Abayomi Kukoyi, Prince Kingsley Okpala, Prince Chidi Okpalaeze and Prince Emmanuel Okpalaeze alongside a company,...

Senate probes GSM operators over drop calls

Release By Ola Awoniyi, Special Adviser (Media) to President of the Senate A Senate panel on Wednesday held a public hearing to investigate telecommunications network operators in...

Nigeria public debt rises to N30.14 trillion ($86.1 billion)

Cumulatively, Nigeria's public debt is now put at a whopping $86.1 billion (about N30.14 trillion) going by figures released by AfDB and the World...

FCTA partners CBN to improve dairy production…plans processing plants in Abuja

The Federal Capital Territory Administration (FCTA) has expressed its willingness to partner with the Central Bank of Nigeria (CBN) to improve dairy production in...

Tension as Obiano seals Nnewi Electronics Market Over Relocation

From Chuks Moses, Awka Trouble was averted at the electrical and electronics market along old Nnewi-Onitsha road, Nnewi, Anambra State when soldiers, policemen, local vigilantes,...

2019 Finance Act: FIRS bossstarts national tour, meets tax stakeholders

Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has launched a national tour of the six geo-political zones to sensitise the nation,...

Flights to Lagos international airport resume

Release By James Odaudu, Director, Public Affairs, Ministry of Aviation As a follow up to our statement on diversions and cancellations of flights into, and from...

With 10,000 staff, waivers of N1.3 trillion, insecurity, others, FIRS explains why it failed to meet targets

With high overhead costs from a staff strength of about10,000, non-discretionary tax waiver grants that run into N1.3 trillion in three sectors alone, illicit...

Diversion of Lagos-bound flights to Ghana; Minister wonders why foreign airlines are ignoring Abuja airport

Following the embarrassing and worrisome diversion of flights heading to the Murtala Mohammed Airport in Lagos, Nigeria, to the Kotoka International Airport, Accra, Ghana,...

Four Men, Woman, And a Company Arraigned for Alleged N1 trillion Fraud

The Economic and Financial Crimes Commission, EFCC, has three men and a company for alleged fraud involving £2.5 billion (about N1.2 trillion) fraud. Abayomi Kukoyi,...

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