BUSINESS
Miners Owing FG N2tn, Says Minister
The Minister of Solid Minerals Development, Dele Alake, has disclosed that miners and operators owe the federal government more than N2 trillion. He however noted that in Kaduna State, over N300 billion is owed. Speaking yesterday in Kaduna during a meeting with Licensed Minerals Holders, Laterite/Sand Operators Dealers, the minister who was represented by the Acting Zonal Mines Officer, North-West Zonal...
Ikpeazu Orders Closure Of Scrap Markets In Abia Central, North, Sets Up Enforcement Committee
Abia State Governor, Dr Okezie Ikpeazu, has directed the closure of all scrap and waste markets in both Abia Central and Abia North senatorial zones of the state with immediate effect, till further notice. He had earlier instructed that similar marke...
US Removes Reciprocity Visa Fees For Nigerians
The federal government announced on Saturday that the United States has removed all visa reciprocity fees for Nigerians seeking visas to the country with effect from December 3. Disclosing this at the weekend, the Ministry of Foreign Affairs said the development was sequel to the removal of excess visa application, processing, and biometric fees for American citizens applying for Nigerian...
El-Gato Delegation Participates in 2024 SPE-NAICE Conference in Lagos
El-Gato Global Limited, a leading player in the oil and gas industry, is currently participating in the 2024 Society of Petroleum Engineers (SPE) National Annual International Conference and Exhibition (NAICE) taking place in Lagos State. Led by its Chief Executive Officer/Managing Director, Engr. Ekpen O. Kenneth, the company's delegation includes Engr. David Salami, General Manager; Engr. Ekata Samson, Confidential Secretary/Logistics...
We Generated The Highest Revenue Of N6.4 Trn In 2021 — FIRS
The Federal Inland Revenue Service (FIRS) generated a record N6.4 trillion as revenue in 2021, the highest in its history. Last year's revenue collection exceeded that of 2019 when the agency raked in N5.3 trillion under the administration of Babatunde Fowler. Spokesman to FIRS Chairman, Oluwatobi Wojuola, who disclosed this via a statement issued on Thursday said that despite the limitations...
We’re Worried Over Rejection Of Nigeria’s Food Items Abroad, FG Laments
The federal government has said it is working hard to stop the rejection of Nigeria’s food items and other goods exported out of the country, describing the situation as worrisome and affecting the country economically. The Minister of Health, Dr Osagie Ehanire, spoke in Lagos during the opening of a six-day training for members of the National Codex Committee on...
Buhari Should Account For $1bn Security Fund Jointly Contributed By States – Gov. Ortom
Governor Samuel Ortom of Benue State yesterday asked the Federal Government to account for the $1 billion security funds jointly contributed by the 36 states of the federation to fight insurgency giving the worsening insecurity in the country. Speaki...
‘I Used ‘Abidoshaker’ Power To Bring Down Dollar’ — Prophet Odumeje Boasts
Prophet Chukwuemeka Ohanaemere, aka Odumeje, of the Mountain of Holy Ghost Intervention and Deliverance Ministry, has boasted that the exchange rate of dollar to naira came down because of his ‘Abidoshaker’ power. Odumeje, in a video recorded during one of his church programmes, claimed he used ‘Abidoshaker’ to bring down the exchange of dollars to naira. ABN TV reports that the...
2023 Budget: Buhari’s And Osinbajo’s Local, International Trips To Cost N3.34bn
The Presidency has proposed the sum N3.34 billion for the local and foreign travels of President Muhammadu Buhari and Vice President Yemi Osinbajo in the 2023 appropriation bill submitted to a joint session of the National Assembly on Friday. The breakdown of N2.49bn set aside for the president’s trips has N862,076,448 for local travel and transport, while international travel and...
FG Explains Why New Naira Notes Leave Ink When Rubbed On White Surfaces
The Nigerian Security Printing and Minting (NSPM) Plc also called MINT, Friday, explained why the new Naira notes leave ink when rubbed on plain white surfaces while stressing that best international best practice was followed in their production. The company, also referred to as The MINT, is responsible for producing the naira, Nigeria’s currency. In a statement on Friday, signed by...
