EFCC Chairman Ibrahim Lamorde Removed

Ibrahim Magu, a top level official of the Economic and Governance Unit of the EFCC, has been elevated to the position of chairman of the commission. 

Virgin Airways: no plans to pull out of Lagos route

British carrier Virgin Atlantic Airways said yesterday that it had no plans to pull out of the Lagos-London route.

World Bank’s N100b erosion project cash

The World Bank said yesterday that it would begin a review of the $5000 million (about N100billion) Nigerian Erosion and Watershed Management Project (NEWMAP) in the country from January 5 next year.

Standard Bank seeks fair resolution of Stabic IBTC, FRC tussle

The Standard Bank Group has expressed its readiness for a fair resolution of the tussle between its Nigerian subsidiary, Stanbic IBTC and the Financial Reporting Council of Nigeria (FRCN).
In a statement issued yesterday, the Group reiterated that it fully complied with appropriate Nigerian laws and regulations, and with international financial reporting standards applicable in the country.

Oil,Gas sector facing sharp low revenues

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Dr Ibe Kachikwu on Monday said the industry was facing a sharp lower revenues from the country’s oil assets.
Kachikwu said this at the 33rd Annual International Conference and Exhibition organised by Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.

TSA default: CBN slams N4bn fine on Skye Bank

The Central Bank of Nigeria (CBN) has slammed a fine of N4 billion on Skye Bank Plc for failing to render appropriate returns on accounts of some government institutions and agencies as directed by the Treasury Single Account (TSA) policy.

Walkout On Code Of Conduct Tribunal: Saraki’s Lawyers Vow To Report CCT Chair To NJC

The legal team of the Senate president, Dr Bukola Saraki, has vowed to send a protest letter to the National Judicial Council (NJC) over the alleged biased conduct of the chair of the Code of Conduct Tribunal, Mr. Danladi Umar, in the trial of their client who is facing charges of false assets declaration in Abuja.