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The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Nigerian banks slash dollar-cash deposits to $5,000 monthly

Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
The Minister of Niger Delta Affairs Senator Godswill Akpabio has denied the allegation that he bribed the Chairman and members of the National Assembly Elections Petition Tribunal in Akwa Ibom State.

Senator Akpabio: EFCC did not detain me

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has reacted to what he called a defamatory article written by an online medium, titled: “How EFCC detained Godswill Akpabio for two hours after attempting to bribe Agency Chairman with $350,000.” He said the report “is false.”
Oil Spillage

Gbaramatu oil spill: Chevron’s failure to accept responsibility deliber­ate – Comrade Mulade

Coordinator of Center for Peace and Environmental Justice (CEPEJ), Comrade Sheriff Mulade, has stated that Chevron Nigeria Limited failure to accept responsibility for the Gbaramatu oil spill was a deliberate plan to undermine the wellbeing and environment of the people living in the affected communities.
A gang that specialises in stealing wellheads from oil rigs in the Niger Delta region has been smashed by the Surveillance and Enforcement Team of the Independent Petroleum Marketers Association of Nigeria, IPMAN, led by Sector ‘C’ Coordinator, Eshanekpe Israel, popularly called Akpodoro.

IPMAN surveillance team nabs wellheads thieves in Delta

A gang that specialises in stealing wellheads from oil rigs in the Niger Delta region has been smashed by the Surveillance and Enforcement Team of the Independent Petroleum Marketers Association of Nigeria, IPMAN, led by Sector ‘C’ Coordinator, Eshanekpe Israel, popularly called Akpodoro.
Aiteo Group

Aiteo alleges plot of smear campaign

Aiteo Group has raised the alarm of an alleged plot by Shell to launch media campaign to malign the reputation of the company and its Executive Vice Chairman, Mr. Benedict Peters.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS: We found 6,722 companies with N1 billion banking turnover paying no taxes

The Federal Inland Revenue Service (FIRS) says it discovered that 6,722 companies, partnerships and enterprises with a banking turnover of N1 billion were not paying taxes as of May 2018.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

Energy firms’ bank debts rise to N5.94 trillion

The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019.
Nigerian National Petroleum Corporation (NNPC)

NNPC pledges support for $3.6bn brass methanol plant

The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State.
FILE PHOTO - United Nations Secretary-General Antonio Guterres speaks during a news conference at U.N. headquarters in New York City, New York, U.S., November 20, 2020. REUTERS-Eduardo Munoz-File Photo

U.N. chief urges leaders of every country to declare ‘climate emergency’

U.N. Secretary-General Antonio Guterres called on every country to declare a “climate emergency” on Saturday, as world leaders marking the fifth anniversary of the Paris climate accord made mostly incremental pledges relative to the scale of the crisis.
Ifueko Omoigui Okauru

Ifueko Okauru: How we reformed FIRS, grew Nigeria’s revenues

Between 2004 and 2012, Ifueko Omogui Okauru led a revolutionary campaign in the Federal Inland Revenue Service (FIRS). Under her leadership during the period, FIRS witnessed extensive reforms and fundamental transformation.

Niger Delta militants threaten attacks on oil facilities

A new coalition of 36 militant groups under the aegis of Continuous Emancipation of Niger Delta, which recently attacked gas and crude oil pipelines in Bayelsa State, on Friday reeled out six demands for the Federal Government which they said should be quickly handled to avert continued “destructive attacks” on oil and gas facilities in the country.

Minister gives condition for establishment of mini grids

Minister of Power, Works and Housing, Babatunde Fashola, has given details of requirements for the establishment of mini grids to be met by potential investors as he launched the mini grid regulations.

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The state’s Commissioner for Information and Strategy, Mr Declan Emelumba who received the family in his office in Owerri, described her death as a ‘huge loss’.

Imo government condoles with family of student killed by stray bullet

Imo Government on Wednesday condoled with the family of Miss Divine Nwaneri, a first-year student of the Imo State University, who was killed by a stray bullet on April 24.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank to construct 13.16km Lagos farm roads

Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster areas.
The former Chief of Defence Staff to late Gen. Sani Abacha, Lt-Gen. Joshua Dogonyaro has died. He died at the age of 80.

Plateau governor mourns ex-CDS Dogonyaro

Gov. Simon Lalong of Plateau, has expressed sadness over the death of the former Chief of Defence Staff, Lt. Gen. (Rtd.) Joshua Dogonyaro, at the age of 80.
Nine-time champion Rafael Nadal saved two match points to defeat Canada’s Denis Shapovalov in a three-set battle and advance to the quarter-finals of the Italian Open on Thursday.

Italian Open: Rafael Nadal beats Denis Shapovalov to reach quarter-finals

Nine-time champion Rafael Nadal saved two match points to defeat Canada’s Denis Shapovalov in a three-set battle and advance to the quarter-finals of the Italian Open on Thursday.
The Nigeria Police Force has quizzed Musician, Dapo Oyebanjo, aka D’Banj, over allegations of rape, according to a report.

D’banj set to unveil new female signee

Popular Nigerian singer, Dapo Oyebanjo, fondly known as D’banj, has revealed plans to unveil a new female signee to his record label, DB records.

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Heavy security as Southern governors meet in Asaba

There is heavy security in Asaba the Delta State capital as southern governors meet today, Tuesday.

JUSUN urges Nigerian government to deduct to judiciary funds from May FAAC

The Judiciary Staff Union of Nigeria (JUSUN) has urged the Federal Government to deduct funds meant for state judiciaries from the May 2021 Federal Account Allocation Committee (FAAC).
Former Chelsea star Steve Sidwell has compared Crystal Palace midfielder Eberechi Eze to Arsenal legend Thierry Henry, following his impressive display against Sheffield United.

Crystal Palace boss expects Eberechi Eze to stay put for 2021-22 season

Crystal Palace manager Roy Hodgson expects Eberechi Eze to stay at the club for the 2021-22 season.
Kwara State Governor Abdulraham Abdulrazaq

Kwara community gets electricity supply after seven years

Alhaji Oba Daudu-Sulaiman, the District Head of Aawe in Asa Local Government Area of Kwara, says electricity supply has been restored to the community after over seven years of blackout.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

How gunmen killed seven policemen in Rivers

Facts have emerged on how the unidentified gunmen prevailed over the curfew imposed on Rivers State and killed about seven men and officers of the Nigeria Police in the state.