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FG’s plan to cut MTN fine causes ripples in Senate

Fred Itua, Abuja Purported plans by the Federal Government to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million is causing ripples in the Senate, Daily Sun has gathered. It was learnt that the Federal Government, working through the Central Bank of Nigeria (CBN), may have concluded plans to cut […]
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Nigeria’s Senate deepens fuel subsidy probe

Nigeria’s Senate said Tuesday it was investigating claims that the state oil company illegally took more than $1 billion from natural gas proceeds to fund fuel subsidy payments. Despite being Africa’s largest crude producer, Nigeria relies on fuel imports to meet domestic demand because of its dilapidated refineries. The imported petrol is subsidised by the […] …

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