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By Matthew Denis, Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned in court, the former Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Kumo Ya’u and two others over an alleged diversion of $65,000,000 meant for the development of 962 units of residential housing ...
By Jeleel Olawale The Osun State Governor, Ademola Adeleke has declared that his administration did not borrow money to execute laudable projects in the state, saying his administration has taken the state to another level. Adeleke who made this known at the “Ipade Imole” to mark his Mid-Term stewardship, held in Osogbo on Wednesday, said ...
Leading financial institution, Access Bank Plc has completed the acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited. Commenting on the completion milestone, Roosevelt Ogbonna, the MD/CEO of Access Bank PLC and CEO of the Banking Group said, “We are pleased to have successfully concluded two important acquisitions in Angola ...
...As FIRS Boss canvasses exclusion of vulnerable people in taxation By Seun Ibiyemi The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that the tax reform bills proposed by President Bola Tinubu aim to alleviate the tax burden on 90% of Nigerian workers while restructuring the sharing formula ...
...200 trucks expected to load product daily ...NNPC slams false claims, reaffirms progress at PH Refinery …As Tinubu hails NNPC Ltd, directs prompt reactivation of other refineries ...Never say never — Presidency hits back at Obasanjo ...NUPENG applauds successful resumption, eyes further refinery revitalizations Applause and controversies have greeted the resumption of operations at the ...
The Chief of Defence Staff (CDS), General Christopher Musa, has identified the critical role of informants and logistics as significant obstacles to Nigeria’s ongoing counter-insurgency operations. Speaking at a two-day Security and Justice Symposium organised by the National Counter-Terrorism Centre, Musa called for concerted efforts to eliminate these threats, which he described as the “oxygen” ...
16-year-old Tehilah Oluchukwu Isimah of Everest Heights Int’l Academy, Gwagwlada-Abuja has emerged as the overall winner of the annual National Essay Competition (NEC) organised by the UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa (UBA) Group. At the Grand Finale event which was held in UBA House on Tuesday, Tehilah ...
...Says inflation, FX pressures to abate early 2025 By Seun Ibiyemi The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from 27.25 percent to 27.50 percent, in a bid to address the rising inflation in the country. This decision was announced by the Governor of ...
...Dstributes N1.9bn bond to Osun pensioners By Ismail Azeez, Osogbo Osun State Governor, Senator Ademola Adeleke has declared that his administration will achieve in 4 years what other people achieve in 8 years. The Governor made this known yesterday at the Osun awards as part of activities to mark his second year in office. Delivering ...
Following the skepticism that has trailed the Nigerian National Petroleum Company Limited (NNPC Ltd) recent announcement of a 1.8mbpd increase in the nation’s crude production, the company has clarified the metrics used to announce the figures it disclosed to the public. In a statement on Monday, the Chief Corporate Communications Officer of NNPC Ltd, Olufemi ...
…As FIRS, Customs, NNPC Ltd exceed revenue targets Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has clarified the reason for borrowings by the Federal Government despite increase in the nation’s revenue. This is as the Nigeria Customs Service (NCS) Nigerian National Petroleum Company (NNPC) Ltd and the Federal Inland Revenue ...
...As Tinubu assures of greater economic output ....Oil GDP records slowest growth in 2024 ....Unemployment rate slows to 4.3% in Q2 2024 ...Nigeria faces increased economic risks amid rising inflation, poverty — Report By Seun Ibiyemi Nigeria’s gross domestic product (GDP) grew by 3.46 percent in real terms in the third quarter (Q3) of 2024,representing ...
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators from December 3, 2024, to June 3, 2025. Aminu Gwadabe, president of the Association of Bureaux De Change of Nigeria (ABCON), disclosed the extension during an emergency virtual general meeting held by ABCON ...
...Calls for negotiation, further consultations By Esther Adebayo Abdulmumin Jibrin, a member of the House of Representatives representing Kiru/Bebeji Federal Constituency in Kano, has voiced his support for the controversial tax reform bills, countering the opposition from Northern groups. In a live television interview yesterday, Jibrin argued that the benefits of the bills outweigh the ...
In keeping with its annual tradition, Zenith Bank once again set the stage for the Yuletide season with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos on Saturday, 23 November 2024. The Light-Up ceremony was performed by the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji. The Light-Up ...
...Clears two years payment backlog owed FEPs The Director-General and Chief Executive Officer of the National Identity Management Commission (NIMC), Bisoye Coker-Odusote, has accepted her nomination for the prestigious NewsDirect Award. This nomination comes ahead of the 14th Annual NewsDirect Anniversary and Awards Ceremony, which is set to take place on December 6, 2024, at ...
…Assures depositors of payment amid ongoing asset recovery efforts By Sodiq Adelakun The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above the N5 million limit are being swiftly addressed. NDIC Managing Director, Mr. Bello Hassan, provided this update on Saturday during the ...
The Lagos State Government has celebrated a landmark ruling by the Supreme Court in Suit No. SC/1/2008, which reaffirms the constitutional authority of state governments to regulate lotteries and gaming activities within their territories. The decision, which nullifies the National Lottery Act, strengthens the principles of federalism by emphasising the residual power of states in ...
…Signs MoU with MOFI for development of Green Rail Line …Achieves 84% budget performance for 2024 budget By Sodiq Adelakun Lagos State Governor, Babajide Sanwo-Olu has prioritised sustainable economic growth and the environmental safety of Lagosians in his 2025 budget proposal presented to the Lagos State House of Assembly yesterday. The Appropriation Bill, termed the ...
Prominent figures from Nigeria’s public and academic sectors have confirmed their participation in the 14th Annual NewsDirect Anniversary and Awards Ceremony, slated for December 6, 2024, at the prestigious Oriental Hotel in Lekki, Lagos. Among the confirmed attendees are the Chairman of the Lagos State Internal Revenue Service (LIRS), Mr. Ayodele Subair; the Registrar-General of ...
...Seeks IMF support for economic stability, reduce hardship ...Your loan burden is bone-crushing, hurting Nigerians — Atiku tells Tinubu President Bola Ahmed Tinubu has asserted that Nigerians now understand the importance of the reforms spearheaded by his administration. Recall that President Tinubu during his inauguration speech had declared an end to fuel subsidy and announced ...
Globacom on Thursday presented a brand-new Toyota Prado to the first winner in its customer-reward promo, Festival of Joy, at a colourful carnival ceremony at the Gloworld, Delta Mall, Warri. The winner, 57-year-old Mr. Daniel Mayuku, who is the Board Chairman of Delta State Security Trust Fund, received the prize during a presentation ceremony ...
Nigeria is set to extradite IPOB agitator, Simon Ekpa following his arrest by Finnish authorities over terrorism and fraud related activities. Ekpa, who holds dual citizenship in Nigeria and Finland, was previously arrested at his Lahti residence in February 2023 but was released after several hours of questioning. His activities on social media had drawn ...
