The Federal Government is waiting on the completion of work on Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019, Minister of State Petroleum Ibe Kachikwu, said yesterday. He spoke during a visit to the Dangote Oil Refinery site at the Lekki Free Trade Zone in Lagos. According to him, the government was

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Many foreign investors are jostling to buy over telecomunication firm 9 Mobile (formerly Etisalat) from which Mubadallah recently pulled out, Minister of Communications Adebayo Shittu said at the weekend. Shittu, speaking on ‘Political Circuit’, a political programme on Ibadan-based Fresh FM, said there is no cause for worry for the subscribers and

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The Economic and Financial Crimes Commission (EFCC), Kano Office, has recovered N328,988,296,990.62 from some major oil marketers. The retail oil marketers are Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc and NIPCO Oil Plc The recovery followed a petition against the leadership of the Nigerian National

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Banks denying their alleged link to the hoarding of funds due to the Federal Government have been asked to direct their denial to the court. A Federal High Court in Lagos, on Thursday, granted an ex-parte application by the office of the Attorney General of the Federation (AGF) for an order directing the banks to remit the funds to the Federal

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The Treasury Single Account (TSA) policy has enabled the Federal Government to save N4billion monthly from charges that banks collected on its numerous accounts, it was learnt at the weekend. Besides, more than N7 trillion has been remitted by banks to the government’s TSA account in compliance with the policy. The figure, as at March,

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The Central Bank of Nigeria (CBN) has warned that Nigeria’s fragile growth risks falling back into recession. Addressing reporters at the end of the bi-monthly Monetary Policy Committee Meeting in Abuja yesterday, CBN Governor Godwin Emefiele said “forecasts of key macroeconomic indicators point to a fragile economic recovery in the second

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A Federal High Court in Lagos yesterday ordered seven banks to remit to the Federal Government $793,200,000 (about N249,659,700,000.00) allegedly hidden with them in breach of the Treasury Single Account (TSA) policy. A vacation judge, Justice Chuka Obiozor, made the interim order following an ex parte application by the office of the

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