How Repatriation By Foreign Investors Dipped External Reserve

[Daily Trust] Lagos -External reserve, which experienced continuous growth from $38.91 billion as at January 2, 2018, to $47.87 billion on May 10, 2018, began to decline, to $47.85 billion on May 11, 2018, and further dipped to $47.66bn on May 28, data…

[Daily Trust] Lagos -External reserve, which experienced continuous growth from $38.91 billion as at January 2, 2018, to $47.87 billion on May 10, 2018, began to decline, to $47.85 billion on May 11, 2018, and further dipped to $47.66bn on May 28, data from the Central Bank of Nigeria (CBN) have shown.

source: AllAfrica News: Nigeria

Firm Accuses State Oil Firm of Violating Several Laws

[Premium Times] The Nigerian National Petroleum Corporation’s refusal to make separate payments for royalty and petroleum profit tax (PPT) on joint venture assets held on behalf of the federal government violates several petroleum industry regulations …

[Premium Times] The Nigerian National Petroleum Corporation's refusal to make separate payments for royalty and petroleum profit tax (PPT) on joint venture assets held on behalf of the federal government violates several petroleum industry regulations and laws, the Department of Petroleum Resources (DPR) has said.

source: AllAfrica News: Nigeria

Buhari’s Water Bill As an Act of Corruption

[Vanguard] Just what could President Muhammadu Buhari have been thinking about when he sent an executive-arm bill aimed at centralising the control of the surface and ground water resources of this country under the federal government to the National A…

[Vanguard] Just what could President Muhammadu Buhari have been thinking about when he sent an executive-arm bill aimed at centralising the control of the surface and ground water resources of this country under the federal government to the National Assembly is a mystery only he can provide an honest answer to. But whatever could be the motivation could not have been borne of good judgment or sensitivity to the feelings of the vast majority of Nigerians who are unhappy about the deformed nature of our federalism.

source: AllAfrica News: Nigeria

Ammo Shortage, Gun Thefts – Cape Cops’ Firearms Fiasco

[News24Wire] Western Cape police not only have to deal with several firearms that have gone missing from two stations and gangsters armed with guns meant to be with cops. They also have to contend with a shortage of ammunition at a shooting practice ra…

[News24Wire] Western Cape police not only have to deal with several firearms that have gone missing from two stations and gangsters armed with guns meant to be with cops. They also have to contend with a shortage of ammunition at a shooting practice range.

Face-Off – National Assembly Draws Battle Line With Buhari

[Vanguard] The National Assembly has drawn the battle line with President Muhammadu Buhari as it, yesterday, charged him to address threats to the lives of the citizenry and the country’s democracy, failing which it would initiate constitutional action…

[Vanguard] The National Assembly has drawn the battle line with President Muhammadu Buhari as it, yesterday, charged him to address threats to the lives of the citizenry and the country's democracy, failing which it would initiate constitutional actions against him.

source: AllAfrica News: Nigeria

Offa Robbery – 4 Gang Leaders Accompanied Saraki to Sympathise With Offa Monarch – Police

[Vanguard] The Police said, yesterday, that 48 hours after the Offa bank robbery that claimed the lives of over 30 persons, including nine policemen, four of the gang leaders accompanied the Senate President, Dr Bukola Saraki, to the palace of the Olof…

[Vanguard] The Police said, yesterday, that 48 hours after the Offa bank robbery that claimed the lives of over 30 persons, including nine policemen, four of the gang leaders accompanied the Senate President, Dr Bukola Saraki, to the palace of the Olofa of Offa, Oba Muftau Gbadamosi Esuwoye, to sympathise with him.

source: AllAfrica News: Nigeria