London, April 15, 2019 (AltAfrica)-Nigerian government has told the International Monetary Fund, IMF , World Bank and other international agencies that it has no immediate or future plans to remove fuel subsidy now just as queues emerged in filling stations in some parts of the country The Minister of Finance, Ms Zainab Ahmed, said this ...

London, Feb. 23, 2019 (AltAfrica/NAN)-A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have enabled the misappropriation of state funds totalling $875 million over the Oil Prospecting License, OPL 245. Mr Salihu Isah, Special Adviser ...

London, Feb. 14, 2019 (AltAfrica)-The Federal Government says it will continue to use red bricks for the construction of its housing projects as it will promote local content and boost provision of affordable houses. The News Agency of Nigeria (NAN), reports that red brick is produced by mixing red earth (laterite) with little quantity of ...

London, Feb. 1, 2019 (AltAfrica)-Patience Jonathan, wife of former President Goodluck Jonathan has forfeited temporarily N1.0004 billion to the Federal Government. The interim forfeiture followed a court order secured by the Economic and Financial Crimes Commission, EFCC. The money was lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015. The ...

Abuja, November 1, 2018 (AltAfrica)-The stage seems set for a major confrontation between Nigerian workers and their government over new national minimum wage after the Nigerian Labour Congress, NLC, the umbrella body for labour movement in Nigeria puts its members on notice of nationwide industrial action late night Wednesday While organised labour is insisting on ...