archiveJanuary 29, 2019

Following the release of the report last year December of the audit report of the oil and gas industry for 2016 by the Nigeria Extractive Industries Transparency Initiative (NEITI) - a body that shoulders the task of improving transparency and accountability in the management of revenues from natural resources, BudgIT...

The speaker of the House of Representatives, Yakubu Dogara, has formerly announced his defection from the ruling All Progressives Congress (APC) to the opposition People’s Democratic Party (PDP). The speaker made the announcement on Tuesday during plenary. The speaker announced his defection to the PDP alongside two other legislators, Edward...

The UN said on Tuesday that over 30 000 people fled the Nigerian town of Rann and across the border to Cameroon over the weekend amid fears of renewed attacks by Boko Haram jihadists. According to agencies  report monitored by Business247News, "All the population seems to be panicking and they...

Vice President Yemi Osinbajo says the Federal Government plans to establish an Entrepreneur Bank to provide flexibility in provision of facilities to businesses. Professor Osinbajo disclosed this while fielding questions from a cross-section of women traders at a programme tagged `Next Level Conversation’ on Monday in Abuja. The women, who...

Transparency International has come out with damning report that Nigeria is still perceived as a country deep in corruption without clear policies to address the menace. The body said this on Tuesday. The anti-corruption campaigner released its 2018 Corruptions Perceptions Index (CPI) Tuesday, finding Nigeria has “neither improved nor progressed...

From the present 70 per cent, the Comptroller-General of Customs, Col Hameed Ali (rtd), is seeking a reduction on the tariff on imported vehicles to 45 per cent of the cost of the vehicles. The Comptroller-General of Customs, Col Hameed Ali (retd.) said this on Monday in Abuja during a...

Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has declared that it has no regrets over its endorsement of standard-bearer of the Peoples Democratic Party (PDP), Atiku Abubakar and his running mate, Peter Obi. The group cited the continued marginalisation of Ndigbo and refusal of President Muhammadu Buhari to restructure the country...