FG, states, LGs share N429.127bn for February

A total of N429.127 billion was distributed among the three tiers of government at the end of the Federal Account Allocation Committee (FAAC) meeting held on Tuesday in Abuja. The allocations were for February this year. The communiqué issued by the Technical sub-Committee of FAAC at the end of the meeting, said the gross statutory revenue received More...

by Bar and Bench | Published 5 days ago
By Bar and Bench On Tuesday, March 21st, 2017
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Again, First Nation suspends operation

Nigeria’s domestic carrier, First Nation Airways has, again, suspended operation just six months after resumption in September, 2016. The airline last year suspended operations for three weeks when the two aircraft More...

By Bar and Bench On Tuesday, March 21st, 2017
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CBN will sustain forex market intervention – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the bank is determined to see the convergence of rates at the foreign exchange market. Mr. Emefiele said this while fielding questions from More...

By Bar and Bench On Tuesday, March 21st, 2017
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Forex: Again, Naira gains against dollar

Naira on Monday again extended its gain against the dollar as it was sold at N440-N445 per dollar The currency exchanged at N440 (buying rate) and N445 (Selling rate) to a dollar, from N445/N450 it traded on Friday, More...

By Bar and Bench On Monday, March 20th, 2017
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Fears as bankers join whistleblowing biz, expose illicit transactions of public officers

Bankers, mainly account officers, have started to take advantage of the federal government’s whistleblowing policy to report the wrongdoings of former and current public office holders suspected to have embezzled More...

By Bar and Bench On Monday, March 20th, 2017
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Naira to appreciate further as CBN boosts Forex sale

The naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject more foreign exchange (forex) into the market to meet the requests of genuine customers. The spokesman of More...

By Bar and Bench On Saturday, March 18th, 2017
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NNPC probes N11bn missing petrol from marketers’ depots

NNPC The Nigerian National Petroleum Corporation (NNPC) on Friday vowed to fully recover over 130 million litres of Premium Motor Spirit, popularly known as petrol, missing in the facilities of two indigenous downstream More...

By Bar and Bench On Friday, March 17th, 2017
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Malabu Oil Deal: Shell, Agip floor EFCC as court vacates forfeiture order on OPL 245

  The court set aside the temporary forfeiture order on OPL 245 on the account that the order was irregularly made since the application by EFCC itself was irregularly filed. A Federal High Court sitting in More...

By Bar and Bench On Friday, March 17th, 2017
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Why FG should come down heavily on foreigners importing sub-standard products–Dakas

A former Attorney-General and ommissioner of Justice of Plateau State, Prof. Dakas C. J.Dakas, has challenged relevant government agencies to demonstrate courage in prosecuting foreigners who import fake products More...

By Bar and Bench On Friday, March 17th, 2017
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Only 14m Nigerians pay tax –FIRS

…As FG targets $1bn from new tax scheme Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, on Thursday disclosed that only 14 million Nigerians out of 40 million eligible taxpayers currently More...