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Vice President Yemi Osinbajo says audit process in Ministries, Departments and Agencies (MDAs) is a critical strategy in curbing misappropriation of public fund. Osinbajo expressed this view at the Virtual Workshop of the Office of the Auditor-General of the Federation on Monday. The Vice President commended the Office of the Secretary to the Government as Read More…
The nation’s bourse opened trading on Monday on a negative trend with the market indicators declining by 0.27 per cent, amid sell pressure in 16 stocks. Specifically, the All-Share Index dipped 77.82 points or 0.27 per cent to close at 28,337.49 from 28,415.31 achieved on Friday. Also, the market capitalisation which opened at N14.852 trillion Read More…
The Premier League in England said on Monday that five people had returned positive results in its latest round of COVID-19 tests conducted on players and staff last week. The league said the individuals who had tested positive for the virus would now self-isolate for 10 days. “The Premier League can today confirm that between Read More…
The Federal Government has extended the suspension of the new electricity tariff by one week. Prof. James Momoh, Chairman, Nigeria Electricity Regulatory Commission (NERC) said this when the ad hoc Technical Committee on Electricity Tariff submitted its interim report at a reconvene bilateral meeting between Federal Government and Organised Labour on Monday in Abuja. The Read More…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has recovered and paid into the Federation Account more than N474 million from Guinness Nigeria Plc unremitted excise duty. The Public Relations Officer of RMAFC, Mr Christian Nwachukwu made the disclosure in a statement on Monday in Abuja. According to the statement, the commission’s Chairman, Mr Elias Read More…
Alhaji Garba Abubakar, the Registrar-General, Corporate Affairs Commission (CAC), says the Companies and Allied Matters Act, 2020 (CAMA 2020) will reduce the burden of starting and running small businesses in Nigeria. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. He said that the provisions of Read More…
The Director General, Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, has confirmed that seven people died in a collapsed building in Lagos on Sunday. Oke-Osanyintolu made the confirmation as the LASEMA Response Team tried to clear the debris of the building. He said that the uncompleted building, at 60 Odo Street, Obalende, Eti-Osa Read More…
A Nigerian Cleric, Prophetess Teleola Oganla, has bagged the British Empire Medal (BEM) from Queen Elizabeth II for her humanitarian and community services to the less-privileged. A statement by Oganla’s Media Aide, Ms Deola Joe, said the cleric was recognised for her years of dedication towards uplifting the less-privileged, especially in the UK and Africa. Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reform of the Nigeria Customs Service (NCS) to complement government and private sector’s efforts at economic recovery. Dr Muda Yusuf, the Director-General of LCCI made the call in a statement to newsmen on Sunday in Lagos. Yusuf said the NCS procedures and processes Read More…
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their Read More…