Nigeria has lost $275 billion as a result of the non-passage of the bill into law,since it was proposed 20 years ago.But now the Minister of State for Petroleum Resources Dr. Ibe Kachikwu has said following the commitment and disposition of the National Assembly, it has become obvious that the harmonized Petroleum Industry Governance Bill will be ready by next ...

The Nigerian government has written to the authorities of the United Arab Emirates (UAE), United Kingdom and the United States of America after discovering hidden assets owned in the three countries by Nigerian Deputy Senate President, Ike Ekweremadu. In the letters written to the UAE and USA, the Nigerian government is relying on the Automatic Exchange of Information (AEoI), a multi-jurisdictional ...

The Founder/Chairman, Zenith Bank Plc, Mr. Jim Ovia, on Tuesday re-affirmed his support to the Lagos State Security Trust Fund by pledging an additional 150 percent of previous donations to the Trust Fund. He made the announcement on behalf of Zenith Bank Board of Directors during the recently-concluded parley with the Governor of Lagos State, His Excellency, Governor Akinwunmi Ambode on 6 ...

Britain will build a new wing at Kirikiri Prison in the Nigerian city of Lagos so that it can transfer Nigerian prisoners there, the government in London has announced. The new 112-bed wing, which will cost 700,000 pounds (973,000 dollars) and be compliant with UN standards, will make it easier for Britain to comply with a prisoner transfer agreement it ...

Folly Coker is at the centre of an uncovered fraud in Lagos state. Consequently, a federal high court in Lagos on Monday froze the bank accounts of the Lagos State Government Number Plate Production Authority over the alleged fraud of N3 billion. Justice Mohammed Idris gave the order following an ex parte application by the Economic and Financial Crimes Commission. Idris ...

The Management of Dangote Group says its sugar and salt companies lose about N2 billion monthly to the perennial traffic gridlocks on Apapa Port roads  every month.  The company’s traffic Manager, Mr  Mohammadu Rabiu, revealed this at a stakeholders meeting called at the instance of the Western Naval Command of the Nigerian Navy in Lagos. The News Agency of Nigeria ...

Nigeria’s U20 Women Football Team, Falconets have been drawn in the same pool as perennial foes Germany, China and Haiti in Group D of the 9th FIFA U20 Women’s World Cup taking place in France between 5th and 24th August 2018. At the Draw Ceremony held inside the Opera House, Rennes on Thursday, Africa’s other flagbearers Ghana were thrown into ...

The Senate has struck out a bill seeking to amend the National Youth Service Corps Act to allow the uniforms worn by corps members to accommodate their religious beliefs. If it had been passed, female corps members would have been allowed to wear skirts and hijab. Sponsor of the bill, Senator Emmanuel Bwacha (Taraba-South), while leading the debate for the second ...

•367 virtually impaired among 1.6m registered Joint Admissions and Matriculation Board (JAMB)  would not release the results of the UTME immediately because it wants to review the entire process after the examination. This, the registrar said, would help reduce the number of cancelled results at the end of the exercise. “We will not release the results immediately this year because last ...

A Federal High Court in Abuja has sentenced Charles Okah and Obi Nwabueze to life imprisonment for the 2010 explosions in Abuja and Warri. Justice Gabriel Kolawole, in a judgment that lasted about six hours, held that the prosecution proved its case against the two defendants in the five counts. Okah and Nwabueze were charged with financing and actual participation ...