NCC Surpasses Revenue Projection, Post N150bn Spectrum Fee in 5 Months

The Nigerian Communications Commission (NCC) has exceeded its N36 billion projected revenue from spectrum license fees for 2021, having recorded over N150 billion from this revenue source within the five months of the year. The figure represents over 400 percent increase in revenue budget performance in respect of spectrum fees generated by the Commission between January 1 and May 31, 2021, reflecting a significant contribution … Continue reading NCC Surpasses Revenue Projection, Post N150bn Spectrum Fee in 5 Months

Igboho demands N500m reparation for damage to house, cars, writes FG

Embattled Sunday Igboho on Saturday wrote a petition to the federal government protesting the damage to his residence, cars, and other property by state agents. He estimated his losses at N500million and demanded same as reparation. Igboho, in a letter through his counsel Chief Yomi Alliyu (SAN) also sought a public apology for what he called a violation of his fundamental rights during the invasion … Continue reading Igboho demands N500m reparation for damage to house, cars, writes FG

World Bank Wants N1.8tr Annual Petrol Subsidy Removed

The World Bank has said based on its estimates, at least N150 billion is spent monthly on petroleum subsidies, and about N1.8 trillion annually. Mr Shubham Chaudhuri, Country Director for Nigeria, Africa Region, said this could be channelled to financing primary health care, education, security and other developmental issues. He advised Nigeria to remove subsidies from petroleum and electricity saying it will free up funds … Continue reading World Bank Wants N1.8tr Annual Petrol Subsidy Removed

Court Fixes September 10 for Judgment on Orji Kalu’s Retrial

Justice Inyang Ekwo of the Federal High Court sitting in Abuja today July 2, 2021 reversed ruling for September 10, 2021 in the suit by former governor of Abia State, Senator Orji Kalu seeking to stop his retrial by the Economic and Financial Crimes Commission, EFCC. Kalu is seeking to stop his retrial after the Supreme Court upturned his conviction along with two others on … Continue reading Court Fixes September 10 for Judgment on Orji Kalu’s Retrial

Kaduna State and the UK’s FCDO sign Mutual Accountability Framework

Kaduna State is delighted to sign a mutual accountability framework with the Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom and the United Nations Office on Drugs and Crimes. This reflects the strong commitment of all sides to continued cooperation and partnership. We are pleased that our development partners continue to support our governance agenda, anchored on human capital development, economic development and … Continue reading Kaduna State and the UK’s FCDO sign Mutual Accountability Framework

NNPC, partners eye $760m revenue from OML 130 gas deal

The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) are are eyeing over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed at the NNPC Towers. The agreements, which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria (TEPNG), China National Offshore Oil Corporation … Continue reading NNPC, partners eye $760m revenue from OML 130 gas deal

Buhari inaugurates N700m erosion, flood control project in Cross River

President Muhammadu Buhari inaugurated Erosion and Flood control project at Uyuanga-Ojor-Ufumkpa-Owai in Akamkpa local government area of Cross River state. The project worth over seven hundred million naira (N700, 000 000) was executed by the Ecological Fund Office in the office of the Secretary to the government of the federation. It was approved in 2018 and awarded by the federal executive council in 2019. Speaking … Continue reading Buhari inaugurates N700m erosion, flood control project in Cross River

Osinbajo resolves CBN, Governors differences over loan repayment

…as Apex bank offers new bridging gap finance to states Vice President Yemi Osinbajo’s mediation in the disagreement between the Central Bank of Nigeria (CBN) and states over the repayment of the budget support facilities obtained has resulted in reconciliation. Recalled that governors had requested that the loan repayment, due in May, be deferred. The CBN Governor, Godwin Emefiele, had however, emphasized the importance of … Continue reading Osinbajo resolves CBN, Governors differences over loan repayment

Court fixes judgment for Sept 10 in Orji Kalu’s suit against retrial

A Federal High Court in Abuja on Friday scheduled judgment for September 10 in the suit by ex-Abia State Governor, Orji Uzor Kalu against his retrial. Justice Inyang Ekwo chose the date after entertaining final arguments from lawyers representing parties. Kalu is by the suit, challenging his planned retrial by the Economic and Financial Crimes Commission (EFCC) on a N7.1billion fraud case, after the Supreme … Continue reading Court fixes judgment for Sept 10 in Orji Kalu’s suit against retrial

President Biden wins at least 90 percent of global support for massive tax overhaul

The United States has won international backing for its plan to overhaul the global system for taxing companies, a huge step toward simplifying a complex web of rules long exploited by big corporations.Countries including India, China and Switzerland have agreed to a broad framework for reform set out by the Organization for Economic Cooperation and Development. The Paris-based group said Thursday that 130 countries and jurisdictions … Continue reading President Biden wins at least 90 percent of global support for massive tax overhaul