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By Matthew Denis In a bid to enhance operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, scaled second reading on ...
...As APPO reiterates commitment to take-off of Energy Bank ...Alleges Western criticism of fossil fuel aimed at preventing energy sufficiency for Africa By Bassey Williams, Yenagoa The Federal Government of Nigeria and the African Petroleum Producers’ Association (APPO) have kicked against the campaign against the use of fossil fuels in Africa noting that the country ...
The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately halt its planned mass retirement of 1,000 staff members, expressing concerns over the potential negative impact of such a large-scale reduction in workforce on the bank’s operations and the broader economy. This is as the House also resolved to probe the ...
By Matthew Denis, Abuja The President, Bola Tinubu has directed the Federal Ministry of Justice and the National Assembly to revise proposed tax bills following public criticism and growing concerns from various quarters. The move comes in response to debates and fears that the reforms could negatively impact certain regions or worsen economic hardships for ...
The Nigerian Content penetration for the year 2024 has hit 56%. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Felix Omatsola Ogbe made this known at the ongoing Practical Nigerian Content Forum holding in Yenagoa, Bayelsa State. The recent figure represents a 2% growth from 54% recorded in the previous ...
By Sodiq Adelakun and Esther Adebayo Lagos State is set to achieve uninterrupted power supply across the state with the signing into law of the Lagos Electricity Bill 2024 signed by Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, December 3, 2024. This significant move follows a constitutional amendment signed by former President Muhammadu Buhari, ...
The Economic and Financial Crimes Commission (EFCC) has refuted claims made by activist Omoyele Sowore regarding a cover-up in the recent recovery of 753 duplexes and other properties located on Plot 109, Cadastral Zone C09, Lokogoma District, Abuja. The properties, now forfeited to the Federal Government, were flagged during the EFCC’s investigations into alleged illicit ...
...As Presidency fires back at critics, says taxes reform bills will not scraps TETFUND, NASENI, NITDA ...Tax reform bills aim to fix economy, not generate revenue — Oyedele …As Benue, Kogi Govt back passage of bill ...Peter Obi backs Tinubu’s tax reform bills ...National Assembly will pass tax reform bills, heavens won’t fall — Dickson ...
...Issues two Eurobonds to plug 2024 budget deficit By Seun Ibiyemi Nigeria has successfully returned to the international bond market after a two-year hiatus, issuing two significant Eurobond offerings to help plug the country’s 2024 budget deficit. The Federal Republic of Nigeria launched a dual-tranche Eurobond offering under its Global Medium Term Note Programme, raising ...
The Federal High Court sitting in Abuja has granted a forfeiture order of an estate in Abuja owned by an ex-government official to the Economic and Financial Crimes Commission (EFCC). Justice Jude Onwuegbuzie, on Monday, December 2, 2024 delivered the ruling — a final forfeiture of the estate measuring 150,500 square metres and containing 753 ...
…As Governor reiterates commitment to capacity building The Lagos State Government has yesterday graduated over 2000 students from the five Government Technical Colleges in the state. The graduation ceremony attended by the State Governor, Mr Babajide Sanwo-Olu is in line with the Governor’s commitment to capacity building. Speaking during a graduation ceremony coordinated by the ...
...Declare support for his re-election By Ismail Azeez, Osogbo Workers in Osun State welcomed Governor Ademola Adeleke to his office on Monday, expressing their gratitude for the implementation of the new minimum wage of N75,558.24, effective December 1, 2024. The state government had signed an agreement with labour unions last week, approving the new wage. ...
The Federal Government of Nigeria has inked a Memorandum of Understanding (MOU) with the French national government for knowledge exchange and sustainable mining of critical mineral resources. The MoU signed by both countries on the sidelines of the official visit to France by President Bola Ahmed Tinubu recently included areas of collaboration on research, training ...
...Atiku urges transparency, calls for inclusive stakeholder engagement ...Dep. Senate President defends bills, dismisses critics as misunderstanding legislation ...PDP chieftain warns that new reform could deepen Northern poverty, aggravate insecurity By Seun Ibiyemi Governor Babagana Umara Zulum of Borno State has warned that the proposed new tax reform bill, if passed into law, will have ...
The Federal Competition and Consumer Protection Commission (FCCPC) said it has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors comprising GTBank, MTN, and Air Peace. The Commission disclosed this in a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu, issued on Sunday. According ...
By Barth Ndubuwah, Port Harcourt The one-day Energy Summit organised by the Solewant Group concluded on Friday in Rivers State, receiving commendations from key stakeholders in the oil and gas industry, including the Senate President, Godswill Akpabio, and the Petroleum Technology Association of Nigeria (PETAN). The event was hailed as a bold and pioneering initiative, ...
By Sodiq Adelakun The Lagos State Government and the National Agency for Food and Drug Administration and Control (NAFDAC) have become embroiled in a public dispute following the circulation of a viral video showing individuals bursting sachet water packs in factories and on buses. The video, which has caused widespread alarm among residents, led to ...
By Sodiq Adelakun Operatives of the National Drug Law Enforcement Agency (NDLEA) on Friday, November 29, 2024, arrested a 59-year-old Nigerian businessman, Ezeokoli Sylva, for allegedly smuggling 700 grams of cocaine concealed in his stomach. Sylva, who had been residing in Brazil for 35 years, was apprehended at the E-Arrival hall of the Murtala Muhammed ...
Governor of Lagos State, Mr. Babajide Sanwo-olu and Minister of Finance, Mr Wale Edun were amongst dignitaries that graced the commissioning of Zenith Bank branch in Paris recently. The Bank is further expanding its global footprints with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on Wednesday, November 27, ...
...As group charges Adeleke to ignore distractions, remain focused on democratic delivery By Ismail Azeez, Osogbo The All Progressives Congress (APC) in Osun State has replied the Governor of Osun state, Senator Ademola Adeleke on his comments on the payment of pensions and gratuities by previous administrations in the state. The Party at a press ...
The House of Representatives on Thursday confirmed Major General Olufemi Oluyede as the substantive Chief of Army Staff, following a successful screening by the Joint Committees on Defence and Army. This confirmation comes after Oluyede had served as Acting Chief of Army Staff since the death of his predecessor, General Taoreed Lagbaja, in November 2024. ...
The Academic Staff Union of Polytechnics (ASUP) has announced a two-week warning strike, set to begin on December 2, 2024, in protest of the federal government’s failure to meet longstanding demands. This decision follows a National Executive Council meeting held in Abuja on Thursday, where ASUP criticised the government’s negligence in addressing issues crucial to ...
...Says it has evidence of deaths, demands transparent investigation Amnesty International has accused the Nigerian Police of killing at least 24 protesters during the nationwide #Endbadgovernance demonstrations in August 2024, as part of a violent crackdown on peaceful activists across six northern states. In a new report on Thursday, the global human rights watchdog detailed ...
