NewsReports

The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while …

A veteran thespian, Lari Williams, on Tuesday urged the government to inquire into the current state of the grant the Goodluck Jonathan’s administration gave to the entertainment sector. Williams told pressmen on Tuesday that he and others needed to know what had been disbursed and what had yet to be disbursed. Jonathan provided a grant of $200m to the entertainment …

ABEOKUTA—Former President Olusegun Obasanjo has said that he would never be a politician again in his life, declaring that he remains a “partyless” Nigerian and would continue to carry the toga of a statesman. Obasanjo stated this yesterday while hosting Kogi State governor, Capt. Idris Wada, at his residence in Abeokuta, Ogun State capital. Obasanjo was the former Chairman, Board …

Nigeria’s Presidency has refuted claims of selective prosecution of alleged corrupt public officials, following allegations credited to the Peoples Democratic Party (PDP). The Presidency maintained that Buhari does not interfere with the work of anti-corruption agencies. “Whosoever is involved in corruption should face the law. Corruption has no political party, religion nor ethnic group,” a statement by a spokesman to …

Paying into treasury other than that approved by the Federal Government is now an offence. This is because President Muhammadu Buhari has directed Ministries, Departments, Agencies including the CBN, NNPC, NPA and NIMASA, among others to make payments into a Treasury Single Account, TSA. According to the Federal Government, this directive is meant to promote transparency and facilitate compliance with …

Nigeria’s President, Muhammadu Buhari, on Friday received an award for integrity from the Ministry of Defence. The award was handed over to the President in Abuja by the Permanent Secretary in the Ministry of Defence at the graduation ceremony for graduates of the National Defence Collage of Nigeria. President Buhari is known for his zero-tolerance stance on corruption, which he …

The much talked-about probe of the administration of former President Jonathan Goodluck has finally begun. This was revealed by the ad-hoc committee on the management of excess crude account proceeds and accruals into the federation account set up by the National Economic Council and headed by the Governor of Edo State, Mr Adams Oshiomhole. Governor Oshiomhole, who briefed journalists after …

The eight Group Executive Directors (GED) of the Nigerian National Petroleum Corporation, NNPC, have been relieved of their appointment in the corporation. A source in the NNPC said the GEDs of the corporation have been replaced with new GEDs. The GEDs who were relieved of their duties are: Mr. Ian Udoh, Group Executive Director, Refining & Petrochemicals, Mr. Adebayo Ibirogba, …

ABUJA – President Muhammadu Buhari Tuesday warned that the Federal Government will no longer tolerate illegal mining and other improper activities that have inhibited the growth of Nigeria’s solid minerals sector. President Buhari who gave the warning after receiving a briefing from top officials of the Ministry of Mines and Steel Development led by the Permanent Secretary, Baba Umar Farouk …

A NEW helmsman took the reins yesterday at the Nigerian National Petroleum Corporation (NNPC). President Muhammadu Buhari appointed Dr. Emmanuel Ibe Kachikwu, the Executive Vice Chairman/General Counsel of ExxonMobil (Africa), as Group Managing Director (GMD), asking him to give recovery of stolen oil money a priority, among other targets. Buhari may also appoint Kachikwu, who beat three other candidates in …