News

ICPC reveals 22,074 suspicious employees in Ministries/Institutions and the Police who collected IDR 37 billion in a year

The Corruption Eradication Commission (KPK) said it has found 22,074 suspicious personnel on the Federal Government payroll. This is despite the Federal Government having introduced the Integrated Payroll and Personnel Information System (IPPIS) to address such situations. The revelations were contained in a comprehensive review report of IPPIS by the commission as part of the anti-corruption system review by President …

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NSCDC recovers two bodies from Jigawa pond

The Nigeria Security and Civil Defence Corps (NSCDC) in Jigawa State has recovered the bodies of two men from a pond in Birninkudu Local Government Area of ​​the state. The command’s Public Relations Officer, Badaruddeen Tijjani, disclosed this in a statement issued on Wednesday morning in Dutse, the state capital. Tijjani said the deceased, identified as Abubakar Alhaji, 20, and …

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Increased crude oil production is a result of ongoing oil theft attacks —Kyari

Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Mele Kyari, has disclosed that the current onslaught on crude oil theft and pipeline vandalism has resulted in increased growth in the nation’s crude oil production. This comes even as NNPCL Ltd top brass urged the military to continue the fight against the menace. Ripples Nigeria noted that Nigeria has recorded …

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Senate slams NNPCL, FIRS and 13 other agencies for ignoring audit requests, threatens consequences

The Senate Committee on Public Accounts has expressed anger over the refusal of 15 government agencies, including the Nigerian National Petroleum Corporation Limited (NNPCL) and the Federal Inland Revenue Service (FIRS), to respond to audit questions raised against them in their 2019 audit report. The committee chairman, Senator Ahmed Aliyu, on Tuesday, disclosed that despite repeated invitations, the agencies had …

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Stakeholders warn Nigeria’s telecoms sector on brink of collapse

Stakeholders in Nigeria’s telecommunications ecosystem on Tuesday warned that the industry was on the brink of collapse. They spoke at a forum titled: “TELECOMMUNICATION INDUSTRY 2.0: The Next Investment Frontier in Nigeria,” held in Lagos. In his remarks at the event, MTN Nigeria Chief Executive Karl Toriola warned that the country’s telecommunications sector was now in a gasping intensive care …

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NGX: Bearish trend continues as investors lose N278 billion

The downward trend in the Nigerian equity market continued on Tuesday as investors lost N278 billion at the close of trading. This follows a decline in the share prices of the likes of Oando, Livestock Feeds and Cornerstone among others on the trading floor. After five hours of trading in the capital market, equity capitalization plunged to N55.2 trillion from …

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Naira drops N12 against dollar, trading at N1,582/$1 on official exchange

The naira fell against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N12 to trade at N1,582/$1, up from N1,570/$1 it was trading at on Monday. The intraday high and low prices recorded during the day were N1,607/$1 and N1,496/$1 respectively, indicating a slim spread of N111\$1. …

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Man Utd sign De Ligt, Mazraoui from Bayern

Premier League club Manchester United have acquired Bayern Munich duo Matthijs de Ligt and Noussair Mazraoui in a deal that could amount to almost £60 million. De Ligt has agreed a five-year contract, while Mazraoui has signed a four-year deal, both with the option of a further year. The 25-year-old centre-back De Ligt was captain of Erik ten Hag’s Ajax …

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