• Quilox Club owner, Hon. Shina Peller released on bail

    Quilox Club owner, Hon. Shina Peller released on bail0

    The owner of Quilox Club and a member of the House of Representatives, Shina Peller has been released on bail. Peller was earlier in the day detained at Maroko Police Station in Lagos. The House of Reps member was released on bail after his case was transferred to the State’s Criminal Investigation Department, Yaba, following

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  • Crude oil, gas exports increase by 53%-NNPC

    Crude oil, gas exports increase by 53%-NNPC0

    The Nigerian National Petroleum Corporation on Sunday announced that crude oil and gas export sales increased by 52.84 per cent to $355.93m in September 2019. NNPC’s crude oil and gas exports in September were $123.06m higher than the $232.87m recorded in August 2019. The oil firm disclosed this in its latest Monthly Financial and Operations

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  • Nigerians rejoice over new bank charges

    Nigerians rejoice over new bank charges0

    Banks customers on Monday commended the Central Bank of Nigeria (CBN) for its move in slashing various banks charges. Among the charges, CBN said bank customers would now pay N10 for electronic transfers below N5,000, and N25 for electronic transfer between N5,000 and N50,000. Only electronic transfer above N50,000 will attract N50 charge. Previously, bank

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  • Senate set to approve Buhari’s $29.96b loan request

    Senate set to approve Buhari’s $29.96b loan request0

    Despite the criticisms that followed President Muhammadu Buhari’s request to the Senate for the approval of a $29.96 billion loan, Senate President Ahmad Lawan yesterday insisted that the chamber would grant his desire. Lawan, who stated this while answering questions on the loan request at a media briefing in Abuja, also denied he ever advised

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  • Budget 2020 faces fresh hurdle over N50 billion extra projects

    Budget 2020 faces fresh hurdle over N50 billion extra projects0

    The N10.594 trillion 2020 budget approved by the National Assembly and sent to President Muhammadu Buhari last week for assent is already engulfed in serious crisis that might impede its implementation. It was learnt that the crisis is being fuelled by the alleged lopsided distribution of part of the N2.465 trillion capital projects across the

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  • Buhari Nominates Muhammad Nami  To Replace Babatunde Fowler As FIRS Chairman

    Buhari Nominates Muhammad Nami To Replace Babatunde Fowler As FIRS Chairman0

    President Muhammadu Buhari on Monday named a tax consultant, Mr Muhammad Nami, as the new chairman of the Federal Inland Revenue Service. The appointment came as the tenure of Mr Babatunde Fowler expired. Buhari, who approved the composition of a new board for the tax agency, asked Fowler to hand over the FIRS’s affairs to

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