Prof Nnaji Breaks Silence on Power Sector, Makes Revelations
Nigerians only get 50 percent of generated power, a former Minister of Power, Prof. Barth Nnaji, told the Senate ad hoc Committee on Power, reports Daily Post. Nnaji, said the nation still experiences irregular electricity supply because the regulatory agencies…
Enugu Workers Cry Out Over Bailout Fund
Enugu State workers on Monday called on the Central Bank of Nigeria (CBN) to release the approved bailout fund to Enugu State Government, saying “the prolonged delay since the announcement of the approval of the bailout fund is affecting the…
NAFDAC Slams N1 Billion Fine on Guinness
The National Agency for Food and Drug Administration and Control (NAFDAC) has imposed a fine of N1 billion ($5 million) on Guinness Nigeria Plc for alleged re-validating expired raw materials without approval. NAFDAC also accused Guiness of maintaining poor documentation…
How Biafra Activists’ Protests Shut Down Markets, Schools in Imo
Commercial activities were affected as hundreds of supporters of Pro-Biafra groups engaged in spate of protests, seeking self determination for the people of South East and their neighbours, on Thursday marched along major streets in Owerri, the Imo State capital and…
N25bn TSA Fraud: Senate Urges CBN, Finance Ministry To Suspend Remittances
The Senate has started investigation into what it called abuse and mismanagement of the Treasury Single Account (TSA) regime, even as it urged the Federal Ministry of Finance and Central Bank of Nigeria (CBN) to suspend further payment into the…
#Nnamdi Kanu: Tension High in Rivers As IPOB Protests
Port Harcourt, the Rivers State capital has been electrified over continued agitation by supporters of the Indigenous People of Biafra (IPOB), who are demanding the immediate release of their detained leader, Mazi Nnamdi Kanu. Kanu, who is also the Director…
IBTC: Court Stops FRC From Sanctioning KPMG
Written By Paul Ladi, Lagos A Federal High Court, sitting in Lagos, has restrained the Financial Reporting Council of Nigeria (FRCN) and its Chief Executive Secretary and CEO, Mr. Jim Obazee, from taking any action, sanction or measure against KPMG…
Nnamdi Kanu: Over 8 Million Pro-Biafran Activists In Massive Protests, Demand Kanu’s Release
Amid threats and intimidation by security agencies, including the military and the Police, over 8 million pro-Biafran activists under the aegis of the Indigenous People of Biafra have continued to deman the immediate release of their leader, Mazi Nnamdi Kanu…
Uncovered: How Buhari Plans To Spend N8Trn in 2016
Amid outcry over lean revenue, the All Progressives Congress (APC) led Nigeria’s government is proposing a budget of 7 to 8 trillion Naira for 2016, up from 4.4 trillion in 2015. The proposed budgetary expenditure was contained in a document…
Zenith Capital: Enakele Confirmed as Managing Director
The appointment of Mr Jubril Enakele as the Chief Executive Officer and Managing Director of Zenith Capital Limited has confirmed by the company’s of board. His confirmation came five months after he was appointed. In a statement on Monday in…
You Are Crooks – Presidency Replies Critics of Buhari for Appointing Himself Petroleum Minister
The Presidency has said those attacking President Muhammadu Buhari for appointing himself the Minister of Petroleum Resources, saying that he had not broken the law. Recall that Buhari had in an interview last week during his visit to New York…
