By Punarimam Fehintola The federal government of Nigeria and member countries of the South South Cooperation has agreed on putting in measures to combat illicit financial flows within member countries. According to IMF, illicit financial flows (IFFs) refer to the movement of money across
BUSINESS
The Senate Committee on Privatisation has called for the review of the Bureau of Public Enterprises (BPE) budgeting structure to reflect cost of transactions. The Vice Chairman of the Committee, Senator Yahaya Abdullahi made this known during the BPE’s 2019 budget presentation at the National Assembly, Abuja on Monday, April 1, 2019. He noted that […]
Mr Bharat Vora, a Plaintiff, on Monday prayed a Federal High Court in Abuja to award him N2 billion against the Federal Inland Revenue Service (FIRS) for shutting his business. Vora, the Managing Director of Mutunci Company Nig. Ltd., also asked for the refund of N7 million that he paid FIRS to re-open his factory […]
Innoson Group has vowed to takeover Nigeria’s financial institution, GTBank. Cornel Osigwe, Head of Corporate Communications, said this in a statement, while reacting to GTBank response He said: “GTB in a press statement signed by Erhi Obebeduo, claimed that “the judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian […]
By ABIODUN JIMOH Rector of Edo State Polytechnic, Usen, Prof. Abiodun Falodun, has confirmed that the school has commenced oil palm milling and also set modalities for the development of a palm plantation to promote enterprise and research. This is in line with Edo State Governor’s charge to institutions in the state to become innovative […]
The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal operators not to sell Premium Motor Spirit, otherwise called petrol, above the official ex-depot price of N133.28k per litre. The Corporation also cautioned petroleum products marketers not to sell the product above N145 per litre. Ex-depot price is the ceiling at which depot […]
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