By Ummi Ismaeel,
A major take-away from the meeting of South East Governors Forum (SEGF), last Sunday, October 29, was the approval of South-East Economic Summit from November 11 to 13, 2017.
The African Development Bank has called off a loan to Nigeria that would have helped fund the country's budget, instead redirecting the money to specific projects, a vice president at the lender said on Monday.
The Oil and Gas Free Zones Authority (OGFZA) has ordered a comprehensive compliance audit of Intels Nigeria Limited’s operations in the last 10 years which could lead to a face-off.
Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices.
.To commence warning strike
National Insurance Commission (NAICOM) staff are currently protesting in Abuja.
The workers are calling for the removal of the Commissioner for Insurance, Alhaji Mohammed Kari.
The International Monetary Fund (IMF) has asked Nigeria government to implement a reform to phase out tax holidays and increase taxes imposed on tobacco and alcohol.
The IMF resident representative in Nigeria, Mr Amine Mati, said this at a forum in Lagos at the weekend.
Following threat by Intels Nigeria Limited to fight the recent termination of its boats pilotage monitoring and supervision agreement, the Nigerian Ports Authority (NPA) has said that it has not run foul of any extant law of the land in the termination of the agreement.
A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann
By Karolin Schaps
The Federal Government has secured an interim forfeiture order from Federal High Court which would now allow it to freeze the accounts of bank customers in Nigeria who have no Bank Verification Number, BVN.