Money

CHIEF OLU FALAE IDENTIFIES KIDNAPPERS

Former Secretary to the Government of the Federation, Chief Olu Falae, who was kidnapped by Fulani herdsmen on his 77th birthday and released after paying N5m ransom four days...

LADY GAGA AND ELTON JOHN GRACE COVER OF BILLBOARD PHILANTHROPHY ISSUE

Lady Gaga and Elton John have revealed they’re ‘honoured’ to grace the cover of Billboard’s philanthropy issue. The magazine, which hits newsstands today,...

LAGOS STATE COMMISSIONER VOWS TO BRING DOWN FESTAC ROBBERS

Lagos State Commissioner of Police, Mr. Fatai Owoseni has vowed to arrest perpetrators of the bank robbery on 4th Avenue, Festac town which took place on Tuesday, October 13....

LINDA IKEJI ACQUIRES NEW MULTIMILLION NAIRA MANSION IN IKOYI

Linda Ikeji’s younger sister, Laura Ikeji, announced on her Instagram page that her sister(Linda Ikeji)has just acquired a new mansion. According to Laura, she claimed it...

GOVERNOR AMBODE SEEKS UK’S PARTNERSHIP FOR RURAL DEVELOPMENT

Lagos state Governor Akinwunmi Ambode hosted the British Minister of State for Foreign Commonwealth Affairs and DFID, Mr. Grant Shapps and the British Deputy High Commissioner to...

JOSE MOURINHO SLAMMED WITH £50,000 FINE

Chelsea boss Jose Mourinho has been handed a suspended one-match ban and fined £50,000 by the FA for his suggesting that match officials were biased following his team’s...

FAYOSE THREATENS TO CLOSE DOWN BANKS OVER TAX EVASION

The Ekiti State Governor, Ayo Fayose, has threatened to close down four commercial banks in the state over their alleged refusal to pay several millions of naira as taxes to...

NIGERIAN CUSTOMS GENERATES N20BN AT LAGOS AIRPORT

The Nigeria Customs Service (NCS), Murtala Mohammed International Airport (MMIA) command has disclosed that it generated N20.111 bn between January and July, 2015, Daily Trust...

FIRS TO GO AFTER 325,000 COMPANIES, PERSONS OVER TAX EVASION

The Federal Inland Revenue Service would soon go after multinational companies, corporate organisations and individuals who are evading payment of taxes in the country, Punch...

NIGERIA’S ECONOMY HAS WORSENED UNDER BUHARI- PDP

The Peoples Democratic Party, PDP, has described the “damage” done so far on the nation’s economy by the President Muhammadu Buhari-led All Progressives Congress, APC, since...

NNPC SHUTS DOWN WARRI REFINERY

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that it has shut down the Warri Refineries due to operational challenges. Group General Manager, Group Public...

NLC DETERMINED TO RESIST REMOVAL OF PETROL SUBSIDIES

The Nigeria Labour Congress (NLC) and the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, appear to be locking heads...

NIGERIA IS LOSING HUGE REVENUE TO CORRUPTION AND PRIVATIZATION- OSIBANJO

The Vice President of Nigeria, Professor Yemi Osinbajo, on Monday, stated that official corruption and privatization of public enterprises have led to massive losses in public...

BIYA AND OSINBAJO TO DECLARE DANGOTE CEMENT PLANT OPEN IN CAMEROON

The President of Cameroun, Paul Biya, and the Vice President of Nigeria, Professor Yemi Osinbajo, are expected to lead the top echelon of the public and private sector operators...

DPR SHUTS DOWN 70 FILLING STATIONS

The Department of Petroleum Resources (DPR) has shut down nothing less than 70 filling stations in Lagos, in the last two weeks. According to reports, the shutdown is part of the...

DANGOTE GETS N15.6BN IN 24HRS

While some of the world’s richest people lost a sum of $182bn (N35.85tn) over the past week, Nigerian billionaire, Alhaji Aliko Dangote, and 10 others made money amid deepening...

PETROL SUBSIDY DROPS BY N1BN, NOW AT N29.99/LITRE

According to the latest petroleum pricing statistics from the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government’s daily spending on petrol subsidy has...

BANKS PANIC OVER LOW INFLOW OF CASH

According to reports from the Vanguard, there are indications that public sector funds component of banks’ deposit base may have started to shrink, subsequently raising fears...

NDDC DENIES CLAIMS OF MISSING FUNDS

The Niger Delta Development Commission (NDDC) has denied allegations that N183.7 billion of the commission’s funds cannot be accounted for between 2008 and 2012. The NDDC...

KADUNA SAVES N221M, SEE HOW

Governor Nasir el-Rufai of Kaduna State on Saturday said the state has saved N221.81m on its decision not to sponsor pilgrims to the 2015 Hajj. The governor, in a state broadcast,...