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N677m NIS scam: Court remands Abba Moro in prison

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Justice Anwuli Chikere of a Federal High Court sitting in Abuja has remanded Abba Moro, former minister of interior, at the Kuje Prisons, following...

Interswitch obtains CBN approval-in-principle as super agent

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Central Bank of Nigeria (CBN) has granted an approval-in-principle to Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group, to operate as a...

Apprehension in Ogoniland as military build up presence

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Ogonis have alleged that the Federal Government is carrying out more military build up on Ogoniland following Sunday's arrival of four military trucks in...

Conflict on N5,000 job seekers allowance as Buhari makes u-turn

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Governors of Nasarawa and Imo states, Umaru Tanko al-Makura and Rochas Okorocha, yesterday, differed on the President’s decision to renege on a campaign promise...

FG clears speculation on NIPOST sale

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The Ministry of Communications says it has no plans to sell NIPOST to any foreign interest for now. The clarification comes following speculations that...

Lassa fever resurfaces, kills three in Kaduna

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Kaduna State commissioner for health, Jonathan Nok, has confirmed the death of three persons killed by Lassa fever in Kaduna State. Confirming the incident to...

Reps summon Bio over N12 bn rail contract

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Former minister of transport, Isa Bio, has been summoned by the House of Representatives ad hoc committee investigating the N1 trillion railway contract over...

Amid oil rout private equity firms amass African war chest

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(BLOOMBERG) Private-equity companies amassed a $4.3 billion war chest for investment opportunities in Africa last year as the global commodity rout and weakening local...

320,000 federal workers enrolls in salary processing system as FG struggles...

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The federal government has successfully enrolled about 320,000 federal workers into its innovative salary processing system after it successfully flushed out over 60,000 ghost...

CURRENCY; Naira takes fresh beating as reserve declines to $27.8bn

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The naira yesterday, depreciated in value against the dollar across foreign exchange (FX) markets due to shortage of the greenback. Specifically, the naira weakened by...