August 2021

MfBs don’t trade in FX  —NAMB President

By Matthew Denis, Abuja The President of National Association of Microfinance Banks (NAMB), Alhaji Yusuf Ahmed Gyallesu has debunked the allegations that some of their members are engaging in the foreign exchange (FX) operations for clients. Nigerian NewsDirect gathered from a…

FG, states, LGs share N760.7bn for July

The Federation Accounts Allocation Committee (FAAC) has shared N760.717 billion as federation allocation for the month of July. This is contained in a statement by, The Deputy Director (Information), Ministry of Finance, Budget and National Planning, Mr Oshundun Olajide in…

NDLEA arrests man with 69.65kg illicit drugs

The National Drug Law Enforcement Agency (NDLEA) has arrested a major drug dealer wanted for attempting to export 69.65 kilograms of cocaine, heroin and cannabis to the United Kingdom. Its Director, Media and Advocacy, Mr Femi Babafemi, said this in…

FirstBank boosts SMEs with N500,000 grant –official

FirstBank of Nigeria Ltd on Sunday announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment. Mrs Oludolapo Adigun, Group Head, Retail Banking, Lagos Mainland 1, FirstBank, listed the five…

FG, striking Doctors meet again in Abuja

After more than nine hours of meeting behind closed doors on Friday through Saturday morning, the Federal Government and striking resident doctors met again on Saturday. The adjourned meeting had been slated for 10am on Saturday but didn’t commence until…

Ogun receives another batch of COVID-19 vaccines

  …Resumes vaccination next week The Ogun State Government has taken delivery of 187,426 doses of Modenna COVID-19 vaccines as it intensifies efforts to combat the third wave of the pandemic. The State Commissioner for Health, Dr Tomi Coker said…