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Business

Ex-GMD NNPC admits ownership of recovered $9.8m

The former Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Andrew Yakubu, has admitted ownership of the recovered money…

Photos: $9.8m loot recovered from ex-NNPC GMD, Yakubu

Below are pictures of the $9.8 million loot recovered from the house of Andrew Yakubu, a former Group Managing Director…

How we recovered $9.8 million loot from ex-NNPC GMD-EFCC

The Economic and Financial Crimes Commission has elaborated on how its operatives stumbled on the $9.8 million loot recovered from…

Terrorists plan to attack banks, prisons, FG alerts Nigerians

The Federal Government has alerted Nigerians to the plan by a Boko Haram affiliate, Muslim Brotherhood Cell in Kogi State,…

Speed Limiters: FRSC impounds 317 vehicles in Lagos

The Federal Road Safety Commission (FRSC) in Lagos said it had impounded 317 vehicles for non compliance since the commencement…

Tight security in Yenagoa as Osinbajo visits Bayelsa

Security has been beefed up in Yenagoa, as the Acting President, Prof. Yemi Osinbajo, visits Bayelsa on Friday in continuation…
ExxonMobil

Exxonmobil Nigeria announces Paul McGrath as new MD

Mobil Producing Nigeria Unlimited on Friday announced the appointment of Mr Paul McGrath as the new Chairman and Managing Director…
Nigerian Navy says its operatives have rescued 15 victims of human trafficking during different operations on the Lagos waterways.

Navy hands over 12 suspected oil thieves to EFCC

The Economic and Financial Crimes Commission, EFCC, recently received twelve suspected oil thieves, a vessel MV OMISAN 1 with registered…

EFCC found $9.2m in ex-NNPC GMD home, recovers N1.25b from Civil Servants

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday told a committee of the House…

Lagos pays N23 billion to pensioners in 16 months

The Lagos State Government says it has paid N23 billion as Contributory Pension Scheme, CPS, to retirees from the public…

President Trump loses again as appeals court refuses to reinstate travel ban

A three-judge federal appeals panel on Thursday unanimously refused to reinstate President Trump’s targeted travel ban, delivering the latest and…

Buhari removes soldiers as bodyguards in Aso Rock

President Muhammadu Buhari has removed all soldiers serving as bodyguards in Aso Rock, Abuja. Shortly before his departure for medical…

Fire guts Abuja building materials market

Fire on Thursday broke out at the Building Materials Market in Lugbe, Abuja, razing down several shops. The popular market…

Hundreds escape death at Lagos airport as aircraft tyre burst upon take off

Hundreds of passengers on Thursday escaped death when their Dubai-bound Qatar Airways aircraft suddenly had a burst tyre while attempting…

United targets £540m revenue in 2017, rake in £157.9m in 3 months

Manchester United says it remains on track for record revenues for the current financial year, after making record quarterly revenues.…

How fire fighters saved goods worth N60m from being burnt

Mr Donald Obiloun, the Terminal Manager of HBX Nigeria, on Thursday said that timely intervention by fire fighters prevented goods…

Court orders forfeiture of oil company’s $1.8m

A Federal high court sitting in Lagos, south west Nigeria has ordered interim attachment of all funds and stakes accruable…

Ambode woos investors at Nairobi’s German-African Business Summit

Lagos State Governor, Mr Akinwunmi Ambode on Thursday said the State is willing, able and ready to partner with investors…

NLC, TUC protest rising cost of living

The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) on Thursday staged a protest at the National Assembly…

FG takes over Arik Airlines, appoints new management

The Assets Management Corporation of Nigeria (AMCON) on Thursday said it has taken over the operations of Nigeria’s largest domestic…

Waste managers protest new sanitation policy in Lagos

The Association of Waste Managers of Nigeria (AWAN) on Thursday pleaded with the Lagos State House of Assembly to protect…

South Africa introduces $260 monthly minimum wage

South Africa will introduce a national minimum wage of 3,500 rand (261 dollars) per month in 2018, Deputy President Cyril…

DPR seals 22 petrol stations for overpricing

The Department of Petroleum Resources (DPR) in Borno said on Thursday that it sealed 22 petrol stations in Maiduguri for…

NCS Ondo/Ekiti command generates N517m

Ondo/Ekiti Command of the Nigeria Customs Service (NCS) generated N517 million between January and December 2016. The Customs Area Controller…

Russian captain abducted by pirates off Nigerian coast says crew alive

The Russian captain of a German-owned cargo ship abducted by pirates off the West African coast of Nigeria has informed…
Inflation

Ilorin market women lament low patronage

Market women in Ilorin have expressed concern over low patronage by customers and called on the Federal Government to take…

Woman banker attacks DPO, tears uniform

A 28-year-old woman banker, Adaobi Obi, who allegedly assaulted and tore the uniform of a Divisional Police Officer (DPO), on…

FG may reverse forex restriction – Customs

The Zonal Coordinator, Zone ‘A’ of the Nigeria Customs Service (NCS), Assistant Comptroller-General Monday Abueh, has said that the Federal…

EFCC Arraigns 4 for $1m Fraud

The Economic and Financial Crimes Commission, EFCC, on Wednesday arraigned the quartet of Umar Audu Bida, Truth Igogori, Ifenyinwa Nwankwesiri…

N3bn Amnesty Funds: EFCC seizes 6 properties traced to suspects

Six properties traced to some suspects alleged to have diverted about N3,000,000,000 amnesty funds in the Niger Delta have been…
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