ToBeCandidUpdate™

Lagos – Participants in the Mavrodi Mondial Movement (MMM) on Friday heaved a sigh of relief as the money-spinning venture promoters announced their resumption after one month break that left them in suspense. MMM promoters in a message to the participants on its portal reassured them that it was in line with its promise to resume after a month The participants have flooded social media with messages depicting high hopes as the promoters of the ponzi scheme re-opened. In the MMM message, participants are told that “the holidays are over and restrictions on accounts is lifted and reopened for transactions. “The holidays are over, and we’re now open. Just as promised. You might have already noticed that we always stick to our promises,’’ the message said. The message displayed on the pages of all participants of the scheme cheered its members as it reopened a day earlier than promised. According to the message, panic will reign in the first few days after the re-opening of t...

According to a report on Premium Times, the revenue allocation to federal, states and local governments for September dropped by about N90.27 billion, as they shared a total of N420 billion for the month. It was gathered that about N510.2 billion was shared at the Federation Account Allocation Committee (FAAC) meeting in August. This was disclosed by Mahmoud Isa-Dutse, the permanent secretary, Federal Ministry of Finance. Isa-Dutse disclosed that the total revenue of N420billion consists of earnings from statutory sources, N250.95 billion; value added tax (VAT) N64.27 billion; exchange gain, N41.4 billion; excess petroleum profit tax, N63.39 billion and Nigerian National Petroleum Corporation NNPC) refund to the Federal Government N6.33 billion. “The gross statutory revenue of N279.75 billion received for the month was lower than the N319.05 billion received in the previous month by N35.29billion,” Mr. Dutse said. He blamed the drop on attacks on oil facilities by vandals in ...

A police sergeant, Yusuf Hadi, has been ambushed and shot dead by suspected militants while in a boat on Ishuti River in the Egan area of Igando, Lagos State.

Sahara Reporters has exclusively learned that President Muhammadu Buhari’s urgent 10-day trip to London to treat an ear infection may be extended because he also needs attention for “a terrible cough that has persisted longer than the ear infection.” 

Tragedy struck in Lagos when two ladies drowned at Elegushi Beach, Lekki. 

The Lagos State wing of the Nigeria Union of Teachers (NUT) on Friday said about 16,000 teachers are needed to adequately cater for government-owned primary and secondary schools in the state.

The Federal Government Thursday scrapped the conduct of post Unified Tertiary Matriculation Examinations (UTME) for candidates seeking admission into higher institution.

British Airways is evaluating its routes to Nigeria, adding to aviation industry pressure on the Federal Government as sister carrier, Iberia, and United States competitor, United Airlines, halt flights to the country as traffic stutters and currency controls delay access to revenue.

EgyptAir flight MS804 disappeared over the eastern Mediterranean Sea while flying overnight from Paris to Cairo. The Airbus A320 had 66 passengers and crew on board. Search and rescue teams from Egypt and Greece have gone to the last recorded location.

                                        Governor Nasir El-Rufai The Kaduna State Governor, Nasir El-Rufai, has called on Nigerians to be calm following Wednesday’s announcement of the removal of fuel subsidy by the federal government and the attendant increase in the pump price of the products.

The Nigerian Presidency on Tuesday said it found as “embarrassing” a statement credited to the UK Prime Minister, David Cameron, describing Nigeria as a “fantastically corrupt” country.

President Muhammadu Buhari has said that the ongoing war against corruption is not selective but aimed at ensuring financial and economic discipline in the country.

As the curtain draws on the police recruitment exercise on Friday May 13, most of the over 843, 000 applicants who submitted applications for the 10,000 available slots into the Nigerian Police Force (NPF) may have already failed, even without writing the recruitment test.

Ethiopia has launched the construction of a blood transfusion centre to cater for approximately 26 million people.

Nigeria lost about $15 billion to fraudulent and corrupt practices in security equipment spending during the last administration of Goodluck Jonathan, Vice President Yemi Osinbajo has said.

Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period.

Dubai-based Emirates Vacation Club (EVC) has allegedly scammed about 2,000 Nigerians through dubious investment.

                                Mohammed Balarabe The Board of Directors of Fidelity Bank Plc has appointed the Executive Director, North, Alhaji Mohammed Balarabe, as the Acting Managing Director/Chief Executive of the bank with immediate effect subject to regulatory approval.

According to World Bank Group’s ‘Doing Business Report’, it’s harder to do business in Nigeria now than it was a year ago, in 2015. The report revealed that although Nigeria climbed higher on the ease of doing business ladder, actual implementation and carrying out of business has irrespective of the rating become harder.

Opposition parties in South Africa want the country’s leader President Jacob Zuma to resign following the High Court judgment which reinstated 783 corruption and fraud charges against him.