Just in: Customs FOU Ikeja smokes out smugglers concealing rice, vegetbale oil in gas cylinders
The Nigerian Customs Service (NCS) Federal Operations Unit (FOU) Zone A, Ikeja Tuesday displayed before journalists, seizures made by the eagle-eyed strike team of the command. Most disturbing was the strange and deadly tactics of smuggling parboiled rice in gas…
Just in: S’Court adjourns Imo retrial to March 2 for judgment
Following request for time to file in more processes coming up, the Supreme Court on Tuesday adjourned the hearing of Emeka Ihedioha’s application seeking the review of the January 14, 2020 judgment which sacked him as Imo State governor and…
Multiple forex rates driving currency round tripping, deepening fragility—Nzekwe
Former President of the Association of National Accountants of Nigeria (ANAN), Dr Sam Nzekwe has raised an issue of urgent national economic importance, saying the maintenance multiple foreign exchange regimes is driving endless round tripping and soaring the fragility of…
Fidelity Bank empowers thousands of undergraduates across Nigeria
Group Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, has disclosed that the financial giant has trained over 3,000 undergraduates from various tertiary institutions on skills acquisition through its youth empowerment programme. Speaking during the closing ceremony of the…
Best fraud solution must beat criminal mind, match speed of digital change—CredoLab
Senior Vice President at CredoLab, Tarun Kumar Kalra on Monday averred that the escalation of financial crime is not far behind the double-digit growth of digital payments. In an interview, he argued that “Rapid expansion of digital channels, exploding growth…
A review of NCC’s Q3-19 compliance monitoring, enforcement report
Across 2019, the telecoms regulator, the Nigerian Communications Commission (NCC) kept to its creed by leaving over and above expectation in terms of regulatory compliance monitoring and related enforcement. Within third quarter of the period under review, a number of…
‘It’s either FG comes up with new gas pricing or manufacturers may pack up’
In a meeting of Gas Group of the Manufacturers Association of Nigeria (MAN) in Lagos, has expressed deep concerns over the high price of gas offered to manufacturers in the country, saying sooner than later, many production lines will pack…
Working on tariff hike without rise in power supply nonsense—Dr Amadi
As policy and counter policy directives continue to frustrate the Nigerian power sector, former Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi has argued that any plan to jerk up tariff without significant improvement in power supplies…
Minister blames ‘urban nature of Lagos’ for endless delivery of Lagos-Ibadan rail
The Minister of Transportation, Rotimi Amaechi has fashioned out another strange reason for the inability of all his previous delivery dates for Lagos-Ibadan rail project to have been failing. This time, he absolved the contractor which he had been blaming…
Can CBN recover unsecuritized ABP’s loans in the north as it targets N’Delta rice farmers?
More than two weeks after the news broke that the Central Bank of Nigeria (CBN) is dragging about 70,000 rice farmers in Kebbi State to court for defaulting Anchor Borrowers Programme (ABP) of the bank, the apex bank has again,…
