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Business and Economy

Arms scandal: EFCC may soon invite ex-President Jonathan; No one, however highly placed will be spared – Magu, EFCC Chairman

Former President Goodluck Jonathan may be invited soon by the Economic and Financial Crimes Commission, EFCC, in connection with investigations into the $2.1billion arms scandal involving the immediate past National Security Adviser, NSA, Col. Sambo Dasuki. The hint was given by the Acting Chairman of the EFCC, Mr. Ibrahim Magu …

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Demolition: Oshodi traders were adequately notified – Lagos government …Says new ultra-modern market given for N5, 000 monthly …Denies destroying any goods … Criminals harbored in the market loop – Commissioner

The Lagos State Government on Thursday defended the relocation of traders plying their trade in Owonifari Market within the notorious loop of Oshodi to the newly built ultra-modern Isopakodowo Market in Bolade-Oshodi, saying the action was taken in the overall interest of public good, safety and security. Speaking during a …

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Saraki to IMF: Support Nigeria’s policies, spread our message of change to the world

Senate President, Dr. Abubakar Bukola Saraki Wednesday urged the International Monetary Fund (IMF) to support Nigeria’s economic policies and help to spread the message to the international community that the new government in the country is committed to fiscal discipline. Saraki while receiving a delegation of the Fund led by …

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Ambode signs N25bn Employment Trust Fund, LASU Bills to law …Earmarks N6.25bn annually to combat unemployment

In fulfillment of his electoral promise, Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday signed the N25bn Employment Trust Fund Bill into law, just as he promised to work hard to address unemployment and promote wealth creation through entrepreneurial development. The Governor, who also signed the Lagos State University Bill …

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2016 budget, our article of faith with Lagosians – Ambode …Signs N662.588bn Appropriation Bill into law …Lagos will not introduce new taxes – Commissioner

Lagos State Governor, Mr. Akinwunmi Ambode on Monday signed the N662.588bn Year 2016 Appropriation Law with a promise that the budget would be faithfully implemented in line with the determination of his administration to make Lagos work for all, irrespective of age, gender, tribe or status. The Governor who spoke …

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‘New’ petrol prices: ‘Too little to Cheer,’ says PDP …Asks FG to explain its claims of subsidy removal

The Peoples Democratic Party (PDP) has described the ‘new’ pump prices of petrol as announced Tuesday by the Federal Government as a continuation of the All Progressives Congress (APC) government by deception. The PDP, in a statement by its National Publicity Secretary, Chief Olisa Metuh on Wednesday said beside its …

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Invasion of tarmac by Turkish Airlines passengers: Aviation Minister suspends Airport Manager, Head of Security

The Minister of State for Aviation, Senator Hadi Sirika, has ordered the suspension of three officials of Nnamdi Azikwe International airport Abuja over the recent incident involving Turkish Airlines at the airport. Sirika disclosed this while briefing newsmen after listening to explanations by the airport officials on the incident on …

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