NCC is not awarding any contract now, warns public against fraudsters
The massive circulation of fake letters of award of various contracts purportedly written by the Secretary of the Nigerian Communications Commission (NCC) has attracted the attention of the Commission. In a terse statement issued by the agency, it warned Nigerians,…
Extend whistle-blowing policy to power sector, Fashola urges FG
There are strong indications that ‘whistle blowing’ policy of the federal government may be extended to the power sector to curb energy theft. The hint came from Enugu on Tuesday when the Minister of Power, Works and Housing, Babatunde Fashola,…
OPEC raises alarm as US oil output disrupts steady market balance, cuts targets
There are fears from the quarters of the Organization of Petroleum Exporting Countries (OPEC) are now in perpetual jittery as increased oil production in the United States is hampering efforts to balance market supply and demand. This fear was expressed…
Wait until court rules on e-auction suit before you start, NAA warns Customs
Indications have emerged that the planned resumption of e-auction of seized and condemned goods from July 1, this year by the Nigerian Customs Service (NCS) may amount to contempt of court, contrary to Rule of Law and blatant abuse of…
Customs FOU Zone ‘C’ boss, Bukar deepens relations with Army on regional security
As part new ideas to domesticate the recent Executive Orders issued by the Acting President, several security formations have keyed in to the directive. Some have already gone the extra mile of refreshing and building new strategic relations to deliver…
Executive Order confusion hits Nigerian Ports as NDLEA voids NPA’s interpretation
The National Drug Law Enforcement Agency (NDLEA) has reacted to the way and manner the Nigerian Ports Authority (NPA) and Nigerian Customs Service (NCS), may have handled their interpretation of the recent Executive Order by the Acting president as it…
NPA invokes 2011 Presidential Directive to explain why 8 agencies remain at Ports
To put the record straight, the Nigerian Ports Authority (NPA) has reiterated the subsistence of a 2011 presidential directive for the reduction of federal agencies that operate and have physical representation at the ports to eight. According to the directive…
Restructuring economy’ll aid equitable distribution of wealth not division—Idika Kalu
Contrary to fears and tension surrounding the clamour for economic restructuring of the country, a former Minister of Finance, Dr. Idika Kalu, has listed three advantages that will result from the deal to include increased Gross Domestic Product, stable exchange…
CBN’s interventions on forex without resource to law—Senate
A strange angle to the sustained injection of foreign exchange (forex) into the crisis ridden dollar market has emerged at the Nigerian Senate. This is coming on the heels of a bill sponsored by Senator Rose Oko from Cross River…
Market frontiers to rise on enhanced liquidity from new financial instruments–Ogunbanjo
First Vice President of the Nigerian Stock Exchange (NSE), Mr. Abimbola Ogunbanjo has argued that the frontiers of the Nigerian financial market are expected to grow exponentially due to enhanced liquidity arising from the development of new and intricate financial…
