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PRESIDENT Bola Tinubu has secured an investment of $600 million from Danish shipping and logistics company, A.P Moller-Maersk, to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Tinubu on the sidelines of the World Economic Forum Special Meeting on ... Read More »

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…He explains reasons for removing fuel subsidy, managing FX market Experienced, Reliable, and Professional. Join a regulated broker with a stellar reputation President Bola Tinubu has called on the global community to pay attention to the root causes of poverty and instability in Africa’s Sahel region, emphasising the need for economic collaborations and inclusiveness to achieve stability and growth. President ... Read More »

The American International School of Abuja has asked the Economic and Financial Crimes Commission to provide “authentic banking details” for the refund of fees paid for the children of Yahaya Bello, immediate-past governor of Kogi state. Bello allegedly paid $720,000 in advance as fees for five of his children from the coffers of the Kogi state government. The children are ... Read More »

After the removal of the wasteful fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass transit. The Federal Government as part of the many intervention programmes to reduce ... Read More »

The Economic and Financial Crimes Commission may prosecute 300 forex racketeers trading on a peer-to-peer platform outside the financial regulations. The EFCC Chairman, Ola Olukoyede, who gave this indication during an interactive programme with editors and bureau chiefs in Abuja on Tuesday, revealed that the accounts were frozen following a court order on Monday. He disclosed that one of the ... Read More »

The Economic and Financial Crimes Commission, EFCC has arrested Hadi Sirika, Minister of Aviation under former President Muhammadu Buhari’s administration over an ongoing N8 billion money laundering probe of Nigeria Air. Our correspondent gathered that Sirika arrived at the Federal Capital Territory Command of the EFCC at about 1:00 pm on Tuesday. Sirika is currently being quizzed by the EFCC ... Read More »

As part of efforts to ensure a seamless take-off of the Lagos State Certified Accreditors Programme (CAP) in line with the recommendation of Government White Paper on the Report of the Lagos State Tribunal on the collapsed 21-floor structure at 44 B,C,D Gerrard Road, Ikoyi – Lagos, which recommended a synergy between the Public and Private sector in the built ... Read More »

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with the case who spoke on condition of anonymity because they were not authorised to speak on the matter confirmed the development to our correspondent on Sunday night. One of the ... Read More »

The Federal Government targets a 24-hour clearance of goods at the ports to enhance trade and ease of doing business. To achieve this, activities of all the agencies operating at the ports have been consolidated into a single window. Yesterday, the President inaugurated a committee on the implementation of the National Single Window Project (NSWP). The project, an electronic platform, ... Read More »