Economy

The flowery legalese of any Fishing Partnership Agreement always appears to secure the sustainability of the domestic fisheries involved but really this economic document is Brussels’ strategy for plundering the abundant undersea…
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Some of these outrageous proposals were blamed on “budget padding” by either ministry officials or the National Assembly. And the presidency promised that this would not be repeated in subsequent budgets. Many people expected that the…
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The Nigerian National Petroleum Corporation, NNPC, its subsidiary, NNPC Retail, along with 22 major and independent petroleum products marketing firms owed the federal government at least N86.4 billion by July 21, 2016
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In what is the latest in a trend of frivolous and wasteful spending of tax payers’ money, the apex bank in April engaged the services of APCO Worldwide Inc., a public relations and political consultancy firm based in Washington DC, to help…
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MOJEED ALABI, in this report, concludes the two-part investigative report on the corrupt practices identified in the implementation of capital projects in some South-West states amounting to N201.79 billion It was a hot Monday…
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BY DAYO AIYETAN The new increased electricity tariff rolled out on February 1 by the Nigerian Electricity Regulatory Commission, NERC, was illegally imposed on consumers, an icirnigeria.org investigation has shown. The power…
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By Samuel Malik Following our report, First Bank Vendors Cry Out Over N200 Million Unpaid Fees, on January 20, that contractors providing address verification services to First Bank of Nigeria accused it of owing them…
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  Between 2012 and 2014, a total of N201.79 billion was appropriated for 5,145 capital projects in the South West. Sadly, only few of these projects were found to exist. Even these ones are in bad shape despite whopping sums sunk…
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By Samuel Malik With a total asset value of N3.3 trillion and customer deposits of N2.6 trillion, First Bank of Nigeria, one of the biggest and oldest banks in the country, would not be expected to have any problem paying its bills,…
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The Federal Ministry of Agriculture and Rural Development says Nigerians consume about 360,000 tonnes of beef yearly. This conservative figure is projected to rise to 1.3 million tonnes per year by 2050, some 260 per cent increase. But…
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