Rotimi Akeredolu, the Governor of Ondo over the weekend reportedly assented to the bill creating 33 local council development areas (LCDAs) in the state. The newly created LCDAs are to co-exist with the existing 18 LGAs in the state, bringing…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), is seeking partnership with key petroleum stakeholders, to effectively manage gas flaring in Nigeria. RMAFC Spokesperson, Mr Christian Nwachukwu, who disclosed in a statement on Monday in Abuja, said the aim was…
Residents of Ijegun community in Lagos State, specifically under Alimosho Local Government Area, can now breathe a sigh of relief as the Nigerian National Petroleum Company Limited (NNPCL) has started comprehensive repairs on damaged petroleum product pipelines that have been…
By Matthew Denis Dr Ola Brown, Founding partner of Healthcare Capital Africa also known as ‘Healthcap;’ a pan-Africa investment company has disclosed that Nigeria government needs an estimate sum of $66billion to fix the public healthcare Sector across the four…
The Group Chief Executive Officer of the Nigeria National Petroleum Company Ltd (NNPCL), Mr Mele Kyari, on Monday failed to appear before a House of Representatives ad hoc committee. The committee, headed by Abubakar Nalaraba is investigating the circumstances surrounding…
The Nigerian Electricity Regulatory Commission (NERC) has inaugurated the Power Outage Reporting System (PORS) application app, to make complaints resolution process easier and faster by Electricity Distribution Companies (DisCos). Inaugurating the app in Abuja on Monday, Chairman of NERC, Mr Sanusi…
The Development Bank of Nigeria (DBN) has announced its intention to allocate N150 billion to support Micro Small and Medium Enterprises (MSMEs) throughout the country. In an interview with reporters on Monday in Abuja, Prof. Joseph Nnanna, the Chief Economist…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has revealed that the total Assets of the banking industry increased by 47.21 per cent to N30.92 trillion just as the industry’s Non-Performing Loans (NPLs) declined to 4.1 per cent as…
By Sodiq Adelakun During the first half of this year, four banks in Nigeria recorded a total of N478 billion in non-performing loans, according to their financial results. These banks include Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc,…
Residents and Motorists in Epe/Ibeju-Lekki Local Government Area of Lagos State have appealed to Gov. Babajide Sanwo-Olu to speedily complete the phase two of Lekki/Epe Expressway project. They made the appeal in separate interviews on Monday in Epe. Phase one…
