Lagos orders tankers, trucks to stay off Lagos roads

The Lagos State Government on Friday banned articulated vehicles from further entering the state, especially those heading to the Lagos ports. It said this would last until the government clears the gridlock caused by tankers and trucks on the roads leading to the ports. Acting Commissioner for Transport, Lanre Elegushi, said although the state government More...

by Bar and Bench | Published 9 hours ago
By Bar and Bench On Friday, September 22nd, 2017
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FG approves N450bn for payment of ex-staff of Nigeria Airways

Former staff and retirees of the defunct Nigeria Airways are to smile soon. This is because the federal government has approved N450 billion for the payment of their gratuities and other retirement benefits. The More...

By Bar and Bench On Saturday, September 16th, 2017
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Again, inflation  drops to 16.01% in August

Latest figures released by the National Bureau of Statistics (NBS) indicate that inflation rate dropped further to 16.01 per cent in August, signifying the seventh consecutive month of decline since January 2017. The More...

By Bar and Bench On Saturday, September 16th, 2017
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CGC indicts terminal operator, shipping firm  over importation of rifles into Nigeria

The Comptroller General of Customs (CGC), Colonel Ibrahim Hameed Ali (retired) has fingered the concessionaire in charge of the Tin Can Island Port Complex, Apapa, Lagos as having a hand in the importation of prohibited More...

By Bar and Bench On Wednesday, September 13th, 2017
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NNPC to shut down 3 refineries for overhaul – GMD

The Nigerian National Petroleum Corporation (NNPC) says the nation’s three refineries would be shut down briefly for an overhaul for optimal performance. The NNPC Group Managing Director, Maikanti Baru, said More...

By Bar and Bench On Wednesday, September 13th, 2017
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Mobile money transaction, balance get new limits, says CBN

THE Central Bank of Nigeria (CBN) has adjusted daily mobile money wallet transaction and balance limit. The apex regulatory financial institution as well reviewed the Bank Verification Number (BVN) requirement More...

By Bar and Bench On Monday, September 11th, 2017
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Why we inject fresh $250 million into FOREX market—CBN

To keep the inter-bank market liquid, the Central Bank of Nigeria (CBN), has again injected another $250 million into the foreign exchange market. CBN’s spokesperson, Isaac Okorafor, who made the disclosure on More...

By Bar and Bench On Monday, September 11th, 2017
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FG, states’ public debt stock climbs to N19.6trn – DMO

Nigeria’s public debt stock for both the federal government and the states as at June 30 stood at N19.63 trillion, a document by the Debt Management Office (DMO) says. The document was obtained from the DMO website More...

By Bar and Bench On Saturday, September 9th, 2017
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Exit from recession ‘ll soon translate to reduction in prices of goods—Dr Kale

The claim last Tuesday by the National Bureau of Statistics (NBS), in its 2017 Second Quarter Gross Domestic Product (GDP) report, that the country had exited its worst recession in more than two decades, growing More...

By Bar and Bench On Friday, September 8th, 2017
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We ‘ll expose banks used for MMM—Senate

The Senate Committee on Information Communication Technology (ICT) and Cybercrime has vowed to expose commercial banks used to perpetuate the fraud by the Mavro Mondial Movement (MMM) scheme which collapsed recently, More...