Paris Club refund: We’ve done nothing illegal —Govs
Again, the Nigeria Governors’ Forum, NGF, said, yesterday, that there was no illegality in the disbursement of the Paris Club loan refund. The refund was a result of over-deductions from…
MRS debunks expropriation of product throughput claims
The management of MRS Oil Nigeria Plc has debunked claims by the Nigerian National Petroleum Corporation (NNPC) that it expropriated the products placed under throughput or stored over a given…
‘Adamawa received only N9.5b Paris club refund’
The Adamawa State government has explained that it received only N9.5 billion from the Federal Government in the Paris Club refunds.The state Commissioner of Finance, Mahmood Saleh, disclosed this in…
Suswam, two others diverted N9.8bn SURE-P, police funds –FG
The Federal Government has accused a former Governor of Benue State, Gabriel Suswam, and two others of diverting the sum of N9.79bn, part of which was meant for police reform…
NNPC Recovers $202m from Crude Swap Under-Deliveries
The Nigerian National Petroleum Corporation (NNPC) has recovered $202 million outstanding obligations from AITEO Group.The Group General Manager (GGM), Group Public Affairs Division of the NNPC, Ndu Nghamadu, confirmed the…
Customs Responsible for 82% of Ports Charges-Report
NCS Logo A study by a leading accounting firm, Akintola Williams Deloitte, showed that the Nigeria Customs Service (NCS) processes are responsible for about 82.1 per cent of the charges…
CBN slashes BDC rate to N360
…$100m offer fully subscribed Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not…
Forex: Finall, CBN slashes BDC rate of US Dollar to N360
Forex: CBN slashes BDC rate to N360…$100m offer fully subscribed Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from…
Free Market Stay Winning For Ghana As Inflation Rate Drops, Cedi Gains
Nairametrics| Ghana’s central bank has cut interest rates by 2%, the biggest rate cut in five years. Interest rate is now 23.5% from 25.5%. Inflation in the country has also…
Alert: Livestock Feeds Report 19% Drop In Profit (2016 FY)
Livestock Feeds today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N11,067 FY 2015| N 8,963 %age change|23% Profit after tax N’million FY…