Lagos state

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed in its latest report that a total of N10.143 trillion was shared among the federal government, states, and local government councils from the federation account as statutory revenue allocations in 2023. According to a statement released Tuesday by its spokesperson, Obiageli Onuorah, the disclosure aims to enhance public accountability in the country’s public finance. She said the Executive Secretary of NEITI, Orji Ogbonnanya, made this…

A Federal Capital Territory (FCT) High Court has restrained a South African company, Novare, and its subsidiaries, from selling off their assets in Nigeria.The News Agency of Nigeria (NAN) reports that Novare is the owner of retail malls, including Shoprite malls, in the country. Justice Peter Kekemeke gave the interim order following an ex-parte motion moved to the effect by counsel to the applicants, Darlington Ozurumba. NAN reports that Grand Towers Reality Ltd, Grand Towers Plc and Nze Chidi Duru, who were…