Governor Uba Sani of Kaduna State has said that he inherited a huge debt burden of $587m, N85bn and 115 contractual liabilities from the immediate past administration of Nasir El-Rufai, lamenting that the huge debt has eaten deep into the state’s federal allocation.The governor, who disclosed at a town hall …

Nigerian National Petroleum Company Limited (NNPCL) has refuted claims circulating in some sections of the media regarding a purported downward review of fuel prices attributed to the company on Wednesday.Reacting to these reports, NNPCL dismissed them as unfounded, particularly those suggesting a potential reduction in pump prices for Premium Motor …

 In a milestone achievement, the Corporate Affairs Commission (CAC) has secured the conviction of one Abubakar Sadiq Aremu to four years imprisonment for cheating and forgery of its receipts. Arraigned on March 21, 2023, before Upper Area Court Mpape Abuja, the accused pleaded guilty to the offence and was therefore sentenced …

A New York Appeals Court has given former President Donald Trump 10 more days to post his bond to satisfy the civil fraud judgment and cut the amount necessary to $175 million. It’s a major lifeline for the former president, who, along with his adult sons and his company, were …

Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, foreign airlines says the status quo remains the same. Kingsley Nwokeoma, President, Association of Foreign Airlines and Representatives in Nigeria, (AFARN) told BusinessDay that as far as he is concerned, …

The Corporate Affairs Commission (CAC) has resolved to  Synergise   with the Nigeria Financial Intelligence Unit (NFIU) to ensure that Nigeria exits the grey list of the Financial Action Task Force.The Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji, SAN, gave the assurance today while receiving the Director/CEO of the …

The World Trade Organisation, on Tuesday, said Nigeria had relinquished its leading position in the agriculture export market because a lot of its agricultural commodities do not meet the sanitary and phytosanitary measures required for exportation.It also pointed out that despite the abundance of arable lands and increased investments, the …

Susceptible to critique, accomplished banker-cum-administrator Bismarck Rewane was on Channels Television recently to analyse how the Central Bank of Nigeria’s Monetary Policy Committee hiked the Monetary Policy Rate (MPR) from 18.75 percent to 22.5 percent (400 basis points) will affect Nigerians. Elaborating on what he termed the audacity of the …

President Bola Tinubu on Monday flagged off the Food Security and Agricultural Mechanization Programme in Niger State, emphasizing that his administration remains committed to ensuring food sufficiency and protecting local industries for sustainable economic growth. The project, an initiative of the Niger State government, is for the deployment of cutting-edge …

The Minister of State for Health, Dr. Tunji Alausa, on Saturday, said that the Federal Government had directed that health workers going abroad to seek greener pastures must henceforth resign their appointments before embarking on such journeys.Alausa said the era of health workers exiting to other countries in search of …