Category: Economy

Economy, Featured, LifeStyle, News, News Now

IBEDC begins distribution of free meters in Ibadan

The Ibadan Electricity Distribution Company (IBEDC) has commenced the distribution of 104,000 free meters allotted to the state under the Federal Government National Mass Metering Scheme. Speaking after the meters were installed at residences of some of the customers under the Agodi Distribution Centre, the Head, Customers Support of IBEDC, Mr Ayo Adio, warned electricity consumers of sharp practices such as bribery, lobbying or cutting … Continue reading IBEDC begins distribution of free meters in Ibadan

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Crime, Economy, Featured, LifeStyle, Money, News, News Now

Court Jails Banker Four Years For Stealing Customer’s Fund

Justice Jane Inyang of the Federal High Court sitting in Yenagoa, Bayelsa State, has convicted and sentenced Felix David Diete to four years imprisonment, for stealing the sum of N 2, 000, 000, 00( Two Million Naira only). He was jailed on Monday, January 11, 2021 after four years of diligent prosecution by the Port Harcourt zonal office of The Economic and Financial Crimes Commission, … Continue reading Court Jails Banker Four Years For Stealing Customer’s Fund

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We will channel FG refund to more projects for Rivers people – Wike

Rivers State Governor, Nyesom Ezenwo Wike, says the Federal Government has refunded to the State Government the N78 billion it spent on federal projects. Governor Wike stated this during the inauguration of the Isiopko Internal Roads Phase 2 in Ikwerre Local Government Area, performed by the 2019 Vice Presidential Candidate of the Peoples Democratic Party (PDP), Peter Obi on Wednesday. The governor said the refunded … Continue reading We will channel FG refund to more projects for Rivers people – Wike

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Sokoto Emerges Highest-Performing State as FG Disburses ₦123.348bn Grants to States

The Federal Government has disbursed ₦123.348billion (USD324.6million) to 32 most performing states, Sokoto State got the highest amount of N6.612billion. The Minister of Finance, Budget and National Planning, Zainab Ahmed made the disclosure in a statement by the Ministry’s Director of Press and Public Relations, Hassan Dodo. According to the statement, Kano State received the lowest amount of N1.710billion“Bayelsa, Imo, Rivers and Zamfara States got … Continue reading Sokoto Emerges Highest-Performing State as FG Disburses ₦123.348bn Grants to States

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Economy, Featured, LifeStyle, News, News Now, Transportation

NRC begins e-ticketing for Abuja-Kaduna train service

The Nigerian Railway Corporation (NRC) says it has commenced the e-ticketing for train services on the Abuja-Kaduna route. Its Managing Director, Fidet Okhiria, told the News Agency of Nigeria (NAN) on Wednesday in Abuja that the process would be on test run for a week before its formal inauguration on Jan. 20. “We have commenced the e-ticketing for the Abuja -Kaduna train service today. We … Continue reading NRC begins e-ticketing for Abuja-Kaduna train service

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CAC asks customers to revalidate accounts before April 1

The Registrar-General/Chief Executive, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, yesterday said all accredited customers must revalidate their accreditation with the commission before the end of March or have their respective accounts suspended. He also said the commission had introduced an accreditation system for insolvency practitioners, adding that necessary guidelines were current being developed to cover the process of the new insolvency framework as enshrined … Continue reading CAC asks customers to revalidate accounts before April 1

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FIRS: Nigeria Lost N5.4tn to Tax Evasion by Multinationals

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday said the country lost over $178 billion (about N5.4 trillion) through tax evasion by multinationals doing business in the country between 2007 and 2017. Nami, at a workshop on effective audit of multinational corporations for domestic revenue mobilisation in Nigeria, which was organised by the service in partnership with the Tax Justice Network, … Continue reading FIRS: Nigeria Lost N5.4tn to Tax Evasion by Multinationals

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I’ll not leave burden of uncompleted project behind for my successor, says Wike, as Senator Anyim Commissions Aluu-Rumuekini Road

Rivers State Governor, Nyesom Ezenwo Wike has reiterated his determination to complete all projects awarded by his administration before the expiration of his tenure. Governor Wike stated this during the inauguration of the Rumuekini/Aluu Road, traversing Obio/Akpor and Ikwerre Local Government Areas, performed by former Secretary to the Federal Government, Senator Anyim Pius Anyim on Tuesday. The governor explained that it was important that his … Continue reading I’ll not leave burden of uncompleted project behind for my successor, says Wike, as Senator Anyim Commissions Aluu-Rumuekini Road

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Crime, Economy, Featured, Judiciary, LifeStyle, Money, News, News Now

Court Adjourns Adoke’s Trial Till March 1

The money laundering trial of a former minister of justice and attorney general of the federation, Mohammed Bello Adoke could not go on today owing to his absence in court. Counsel to the defendant, Kanu Agabi informed Justice Inyang Ekwo of the Federal High Court, Abuja that his client could not make it to court as he was held back in Dubai, United Arab Emirate … Continue reading Court Adjourns Adoke’s Trial Till March 1

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Economy, Featured, LifeStyle, News, News Now, Transportation

FG signs Kano-Maradi 1.9bn railway line

The Federal Government has signed the Memorandum of Understanding (MoU) with Mota- Engil Group on the construction of $1.959billion Kano-Maradi Standard Gauge Railway lines. The Minister of Transportation, Rotimi Amaechi, in a statement by Eric Ojiekwe, Director Press and Public Relations of the Ministry, said the project was aimed at linking the whole country by rail. Amaechi signed the MoU on behalf of the Federal … Continue reading FG signs Kano-Maradi 1.9bn railway line

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