The Nigerian Ambassador to the United States, Mr. Sylvanus Nsofor, has presented his Letter of Credence to President Donald Trump. Nsofor, at the presentation of his credentials at the White House, applauded the existing cordial bilateral relations between Nigeria and the U.S. The new envoy also expressed Nigeria’s desire to deepen its ties with the […]

Mojec International Limited, an indigenous prepaid meters manufacturing company, has said its smart prepaid meters meet both national and international quality standards. A member of the House of Representatives, Mr. Adedapo Lam-Adesina, had in a motion, entitled, ‘Need to curb excessive electricity charges being levied on consumers by distribution companies through prepaid meters,’ said electricity […]

The three tiers of government shared a total of N4.55tn between January and September this year as disbursements from the Federation Accounts Allocation Committee. According to the latest quarterly report of the Nigerian Extractive Industries Transparency Initiative, released in Abuja on Wednesday, out of the N4.55tn that was shared in the review period, N1.76tn was […]

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday said the Federal Government was targeting a revenue of $1bn from its tax amnesty programme, adding that the target might be exceeded as two companies had already paid $110m (N33.6bn at the official exchange rate of N305 per dollar). “On the amount expected, we projected $1bn […]

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday announced the suspension of the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, over allegations of financial impropriety levelled against him. Also suspended were two management staff members of the commission. They are the Head of the Media Division, Mr. Abdulsalam Naif; and the Head […]