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Investment: Fixed deposit gulps N1.89trn pension funds

…N118.31bn put in road infrastructure Pension assets under the Contributory Pension Scheme(CPS) havecontinued to record substantial appreciation through investments in statutory portfolios. Besides the N9.007 trillion, representing over 65 per cent of the total N14.26 trillion invested in Federal Government’s securities, findings by New Telegraph also show that a total of N1.899 trillion has been […]

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Buhari reverses approval to Seplat’s purchase of ExxonMobil assets

President Muhammadu Buhari has reversed his approval of Seplat Energy’s takeover of $1.3 billion ExxonMobil’s shallow water business in Nigeria. Buhari’s spokesperson, Garba Shehu, had also told Premium Times that President Buhari decided the position of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) should be supported, and that the earlier confusion was because “various agencies […]

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N109.4bn Fraud Cases: Court revokes bail granted ex-AGF’s co-defendant

An Abuja High Court yesterday revoked the bail it earlier granted to Mohammed Usman, the 3rd defendant in the 14 counts of money laundering case filed against the former Accountant General of the Federation (AGF) Ahmed Idris by the Economic and Financial Crimes Commission (EFCC). The EFCC is prosecuting Idris, Usman, Olusegun Akindele, and Gezawa […]

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How infighting facilitated bombing of terrorists – NAF

The Nigerian Air Force (NAF), Wednesday, said Infighting between Boko Haram, and Islamic State of West Africa Province (ISWAP), facilitated the bombing of the terrorists at a location in Gazuwa community, Borno State. Director of Public Relations and Information (DOPRI), Air Commodore Edward Gabkwet, who made the disclosure in a statement, said the “show no […]

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