Category: Business

Paul Allen, who founded Microsoft with Bill Gates is dead

Paul Allen, who founded Microsoft with Bill Gates in the 1970s and later went on to become an investor, philanthropist and sports team owner, died yesterday after his latest battle with cancer at age 65. In recent years, Allen was known as the owner of the NFL’s Seattle Seahawks and the NBA’s Portland Trail Blazers, […]

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FAAC/NNPC FACEOFF: President Buhari intervenes

The deadlock between the Nigeria National Petroleum corporation NNPC and the Federal Accounts Allocation Committee FAAC, may be at an end with the intervention of President Muhammadu Buhari. The dispute over remittances into the Federation account by the Corporation has resulted in inability to disburse allocations for the months of May and June and may […]

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$322 Million Dollars: Reps to investigate plans to expend last tranche of Abacha loot without parliamentary approval

The House of Representatives on Wednesday moved in favour of a motion to stop the federal government from expending the last tranche of the Abacha loot or any recovered loot without parliamentary approval. This followed a motion of urgent public importance moved by Representative Sunday Karimi from Kogi State. The House resolved to set up […]

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Abacha Loot: Nigeria to repatriate another 500 million dollars

In addition to the 322 million dollars recovered from Switzerland, Nigeria will soon repatriate another 500 million dollars which late Sani Abacha looted and locked up in other countries. The Minister of Justice and Attorney General of the Federation, Abubakar Malami, said on Wednesday after the Federal Executive Council meeting in Abuja that the monies […]

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United Kingdom to continue to support the Anti-corruption crusade in Nigeria- British High Commissioner

British High Commissioner to Nigeria, Mr. Paul Arkwright, has said that the United Kingdom will continue to support the anti-corruption crusade in Nigeria as is being spearheaded by the Economic and Financial Crimes Commission (EFCC). Mr. Paul Arkwright, who was accompanied by Daniel Murphy, on a visit to the EFCC Headquarters, Abuja, commended the Commission’s […]

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President Muhammadu Buhari To Sign 2018 Budget Next Week

President Muhammadu Buhari has said he will sign the 2018 budget next week. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this on Wednesday to newsmen at the end of the weekly Federal Executive Council meeting which was held at the Presidential Villa in Abuja, the nation’s capital. The […]

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National carrier to begin operation in December- NCAA

The Director-General, Nigerian Civil Aviation Authority, Usman Muhtar, has confirmed December as the commencement date for the proposed national carrier. According to Usman Muhtar, the process of getting an Aircraft Operators Certificate takes just 90 days once the operator meets the requirement. The DG told journalists in Lagos on Tuesday that the possibility of the […]

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Special Presidential Investigation Panel recovers 2.1 billion Naira illegally kept in Heritage Bank.

The Special Presidential Investigation Panel for the Recovery of Public Property has recovered 2.1 billion Naira illegally kept in Heritage Bank. The Chairman of the panel, Okoi Obono-Obla, disclosed this while briefing President Muhammadu Buhari on activities of the panel. The spokesperson of the Special Presidential Investigation Panel, Lucie-Ann Laha, made this known in a […]

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Nigeria To Strengthen Economic Ties With Tanzania

Nigeria is ready to boost economic ties with Tanzania for the benefit of citizens of both countries, President Muhammadu Buhari has said. The President made the pledge on Thursday when a received the Letter of Credence from the High Commissioner of Tanzania to Nigeria, Muhidin Moweto, at the Presidential Villa in Abuja. President Buhari said […]

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