IGP raises the alarm over sale of pre-registered SIM card

Says it poses security threat to Nigeria The Inspector General of Police (IGP), Ibrahim Kpotun Idris, has raised the alarm over the continued sale and use of pre-registered SIM card in Nigeria. Idris said the practice is a severe threat to security sector and governance. The number one police officer gave the indication on Saturday at a one-day sensitisation More...

by Bar and Bench | Published 7 hours ago
By Bar and Bench On Saturday, July 22nd, 2017
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Oil prices near $50 amid tension in the Gulf

Oil prices edged higher on a weaker dollar and diplomatic tensions in the Gulf on Friday. Benchmark Brent crude futures were up 24 cents at 49.54 dollars a barrel, while U.S. West Texas Intermediate (WTI) crude More...

By Bar and Bench On Saturday, July 22nd, 2017
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Court Order: UBA kicks against Lagos court order on compliance with TSA policy

Says it has fully remitted NNPC cash into TSA account United Bank for Africa (UBA) Plc on Friday kicked over its inclusion by the Federal High Court in Lagos, in the list of seven banks keeping a total of $793,200,000 More...

By Bar and Bench On Wednesday, July 19th, 2017
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9mobile drops Etisalat logo, unveils new one

Etisalat Nigeria on Wednesday officially unveiled its new brand identity, 9mobile, with a new logo. The new logo, according to Chief Executive Officer of 9mobile, Boye Olusanya, was in conformity with the new name. He More...

By Bar and Bench On Tuesday, July 18th, 2017
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Expenditure of $5bn on generators annually unacceptable –- Dogara

…Says House ‘ll team up with the executive to make energy sector work Speaker of the House of Representatives, Hon Yakubu Dogara, on Tuesday expressed worry over claims that Nigerians spend about five billion More...

By Bar and Bench On Tuesday, July 18th, 2017
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Tax Debt: FIRS seals off four firms in Lagos, P/Harcourt

The Federal Inland Revenue Service (FIRS)  on Monday sealed off four firms in Lagos and Port Harcourt, River State over their failure to meet their tax obligations totalling N630 million. The affected firms include More...

By Bar and Bench On Tuesday, July 18th, 2017
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Again, CBN boosts foreign exchange supply with $195m

In a fresh bid to stabilise the inter-bank Foreign Exchange Market, the Central Bank of Nigeria (CBN) on Monday injected another 195 million dollars into the market. The acting Director, Corporate Communications More...

By Bar and Bench On Monday, July 17th, 2017
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$1.7bn Fraud: FG in a fight to the finish with Atlantic Energy, Omokore, Aluko

By Temitope Stephen A Federal high court sitting in Ikoyi, Lagos  has fixed September, 29, this year, to decide whether or not to stay proceeding in a suit filed by the Federal  Government and two of its agencies More...

By Bar and Bench On Friday, July 14th, 2017
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Naira records further gains against dollar

The Naira on Thursday recorded further gains against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained 0.5 points to close at N366.5 to a dollar, stronger More...

By Bar and Bench On Friday, July 14th, 2017
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FG probes assets of 150 moneybags, says Adeosun

Hires assets tracers to probe their tax payment status Indications emerged on Thursday that there is no hiding place for moneybags who had temporarily succeeded in evading tax payment. This is because the Federal More...