FRC fines NIMASA N500m for non-compliance with financial reporting standards
The Financial Reporting Council of Nigeria (FRC) has suspended the 2018 audited financial statement of the Nigerian Maritime Administration and Safety Agency (NIMASA) for non-compliance with financial reporting standards. In…
Nigeria, UK to collaborate on lithium battery production, energy minerals exploration
Minister of Solid Minerals Development, Dele Alake says the federal government has made new policies geared toward improving local production instead of just exporting raw materials. According to a statement…
Pastor allegedly kills pregnant wife for rituals in Ekiti
A pastor, Abiodun Sunday Oluwadare, has been arrested by the police for allegedly killing his pregnant wife, Tosin Oluwadare, in Ido-Ile in Ekiti West LGA of Ekiti State. Spokesman for…
Ogun will join league of oil producing states soon, says Abiodun
The Ogun State Governor, Prince Dapo Abiodun, on Thursday, said discussions are in top gear with the exploration of oil in Tongeji Island and Olokola in Ipokia and Ogun Waterside…
FG pays N585m court fines, begins nationwide prisoners’ release
The Federal Government, on Thursday, said it had raised N585m towards the settlement of fines for inmates in a bid to decongest correctional centres across the country. The Minister of…
South African billionaire family buys Nigeria’s top can-maker firm
A South African billionaire Oppenheimer family has acquired a controlling stake in one of Nigeria’s prominent can makers, GZ. The acquisition was completed by Jonathan Oppenheimer, one of the sons…
FG begins new wage payment in April, votes N24trn for salaries
The Federal Government on Thursday said a new minimum wage regime would come into effect on April 1, 2024. The Minister of Information and National Orientation, Idris Mohammed, who disclosed…
Military helicopter crashes in Port Harcourt
A Nigerian Air Force helicopter, on Friday, crashed and caught fire at the NAF Base, Port Harcourt. Though what led to the crash could not be immediately ascertained, it was…
EFCC withdraws money laundering charge against Shasore after vindication by UK court
The Economic and Financial Crimes Commission (EFCC) has withdrawn the “money laundering” charge filed against Olasupo Shasore, former attorney-general of Lagos state. Shasore was arraigned alongside his company, Middlesex Investments…
Naira sinks to N1,165/$ at parallel market
The naira, on Thursday, depreciated to N1,165 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents a N5 or 0.43 percent depreciation compared to…
