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...As Danhono community residents desert homes ...Ensure you rescue our colleagues unhurt — NUJ tasks Govt, security agencies ...Journalists shouldn’t be targets of kidnapping — AYCF reacts ...Police still combing forests to rescue victims — PPRO By Austine Emmanuel, Kaduna Residents of Danhono 2, Millennium City, Chikun Local Government Area, Kaduna state have fled their ...
The Securities and Exchange Commission (SEC) has granted Access Holdings Plc approval for the commencement of its N351 billion Rights Issue (‘the Offer’). This marks a significant milestone in the Group’s previously announced Capital Raising Programme, which aims to generate up to US$1.5 billion (One billion, five hundred million United States Dollars). The Rights Issue ...
The Federal High Court sitting in Lagos has ordered former Minister of Humanitarian Affairs, Disasters Management and Social Development, Sadia Umar-Farouk, to account for payments of N729bn to 24.3 million poor Nigerians for six months. The court also ordered the Former Minister to provide the list and details of the beneficiaries who received the payments, ...
…As Dangote reassures commencement of petrol production July International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also catalysing the country’s economic development. S&P Global, ...
...Set to protest in various branches on July 9 By Sodiq Adelakun The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) have directed their members to embark on a one-day protest on Tuesday and a national protest on July 18 in Abuja, followed by a ...
…Says West African bloc must leverage Nigeria’s expertise to combat terrorism …Commission President cautions against geo-strategic rivalries By Sodiq Adelakun and Matthew Denis President Bola Tinubu has been re-elected as the chairperson of the Economic Community of West African States (ECOWAS) for another term. The election took place during the 65th Ordinary Session of the ...
The Transmission Company of Nigeria on Sunday said the national power grid has been restored following Saturday’s collapse. The TCN Public Affairs General Manager, Ndidi Mbah described the collapse as partial, saying that “there was a partial disturbance of the grid at about 15.09Hrs yesterday, 6th July 2024.” According to her, the incident “brings to ...
By Matthew Denis In a bid to enhance economic growth, President Ahmed Tinubu has promised to inject a whopping sum of N2trillions into the economy. The President stated this while inaugurating a 31-man Presidential Economic Coordination Council (PECC), drawn from different sectors of society and the economy The inauguration comes three months after the President ...
...Ex-Ogun NUJ chairman calls for annual program to honour late NewsDirect publisher By Omobolaji Adekunle The Olode Grammar School Old Students Association has announced plans to rename the school library after Late Dr Samuel Folorunsho Ibiyemi, a renowned journalist and founding publisher of Nigerian NewsDirect in recognition of his contributions to the school and the ...
…Governor launches special health insurance scheme for all Lagos retirees By Esther Agbo Lagos State announced that it has achieved a significant milestone in pension administration by clearing a longstanding backlog, disbursing a total of N4,461,659,536.82 to 2,000 retirees. This accomplishment follows a previous payment of N3.1 billion to 1,013 retirees earlier this year, marking ...
By Matthew Denis President Ahmed Tinubu on Thursday warned the members of the Tertiary Institutions Governing Councils against interfering with human resources, financial and management of the various tertiary institutions in the country. Nigerian NewsDirect reports that President Tinubu inaugurated the governing councils of tertiary institutions one year after the previous councils were dissolved by ...
By Esther Agbo Nigeria has been designated as the host country for the headquarters of the African Energy Bank (AEB), a pivotal institution aimed at spearheading energy financing and development initiatives across Africa. The decision highlights Nigeria’s prominent role and steadfast commitment to advancing the energy sector on the continent. The Minister for Petroleum Resources, ...
By Rauf Oyewole The Ogun State housing scheme applicants who are mostly retired civil servants have rejected the government’s decision asking them to pay additional N3.5 million after allocation of the 2-bedroom bungalow at the Prince Court Estate, Kobape Abeokuta. The controversial housing scheme, according to them, was paid for about three years ago while ...
…As LASG calls for calm, promises swift response …Trash in floodwater: Lagos Govt identifies, takes action against culprits …‘Area Boys’ arrested for extorting ‘N100’ pedestrians at make-shift Bridge By Sodiq Adelakun Torrential rainfall in Lagos on Wednesday has left a trail of devastation, with flooded streets, restricted movements, and crippled economic activities. Residents, workers, and ...
...Begins probe, sets up 15-member investigative committee The Senate Committee investigating the importation of hazardous petroleum products and dumping of substandard diesel into Nigeria has stated that a ban on importation is the best way to prevent dumping of substandard petroleum products. Senator Asuquo Ekpeyong, APC, Cross River South a member of the committee made ...
The Economic and Financial Crimes Commission (EFCC) has alleged efforts by corrupt elements to recruit students to take up arms in a planned protest against the Commission. Head, Media & Publicity, EFCC, Dele Oyewale, made this known in a statement on Wednesday. According to the Commission, in the last couple of days, the group has ...
NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island. This follows the Central Bank of Nigeria’s (CBN) approval of the final licence for the Bank to commence operations as a National ...
By Sodiq Adelakun The Lagos State Employment Trust Fund (LSETF) has achieved a significant milestone, creating 221,172 direct and indirect jobs in eight years, according to Feyisayo Alayande, executive secretary of LSETF. Speaking at the third annual Lagos State Employment Summit on Wednesday, Alayande highlighted the fund’s impact, supporting over 83,000 small businesses, saving over ...
Governor of Ogun State, Prince Dapo Abiodun has secured the partnership of the Federal government for the rehabilitation of 14 roads in the state. The rehabilitation, according to the Commissioner for Works, Engr Ade Akinsanya, will be prioritised, based on fund availability and the economic viability of those roads. He noted that the roads to ...
...Says foreign investors will only come when local investors are thriving ...As VP Shettima harps on local content By our Correspondents President of the Dangote Group, Aliko Dangote, has made a case for the Federal Government (FG) of Nigeria to consider private investments into any sector of the economy particularly manufacturing as national assets. Speaking ...
Access Holdings Plc on Tuesday, held a formal signing ceremony as part of the arrangements to raise a total of N351,009,103,017.25 (Three hundred and fifty-one billion, nine million, one hundred and three thousand, seventeen naira and twenty kobo) by way of a Rights Issue (‘the Offer’) to existing shareholders. The Offer is part of the ...
…Woos private investors to close housing deficit in Lagos Lagos State Governor Babajide Sanwo-Olu, on Tuesday, scaled up the Government’s housing stock with the inauguration of two newly completed housing schemes to meet the demand for decent homes in the State. The Governor, joined by his Deputy, Dr. Obafemi Hamzat, and other members of the ...
The Federal Government has adopted a new withholding tax policy which will bring relief to thousands of small and medium-sized enterprises (SMEs) throughout the country. This development is expected to bring clarity and simplicity to the tax system, which has been plagued by ambiguities and complications since its introduction in 1977. The Chairman of the Presidential ...
