Climate Change: ‘No one has the right to deny advancement of our continent’~ Buhari: Dire warnings of the end of the world are as old as civilization itself. But each year as the countdown to United Nations Climate Change Conference (COP)
Sunday, 31 October 2021
Saturday, 30 October 2021
Nigeria again extends deadline for telecom subscribers linkage of NIN with SIM
Nigeria again extends deadline for telecom subscribers linkage of NIN with SIM: Nigeria has extended the deadline for telecom users to link their National Identity Numbers (NIN) with their Subscribers Identity Module (SIM) card to the end
FIFA wins suit against Samson Siasia on match fixing
FIFA wins suit against Samson Siasia on match fixing: FIFA, soccer's world governing body, on Friday won the dismissal of a lawsuit by former Nigeria national team coach Samson Siasia challenging his lifetime
Friday, 29 October 2021
Airtel says provision of 4G network driving growth in Nigeria, other African markets
Airtel says provision of 4G network driving growth in Nigeria, other African markets: Airtel Africa Chief Executive, Segun Ogunsanya has said that the provision of fourth-generation (4G) Internet networks in its markets has been a key driver of
PDP to go ahead with convention as Appeal Court dismisses ex-Chairman, Secondus suit
PDP to go ahead with convention as Appeal Court dismisses ex-Chairman, Secondus suit: An Appeal Court sitting in Port Harcourt, Rivers State, has struck out a stay of execution suit filed by the embattled Peoples Democratic Party (PDP)
About $700 mln foreign airlines revenue trap in Nigeria, 10 other Africa nations ~IATA
About $700 mln foreign airlines revenue trap in Nigeria, 10 other Africa nations ~IATA: Many foreign airlines have not been able to repatriate revenue generated from ticket sales estimated at $700m to their home country from Nigeria and 10 other
CBN Flags-off Digital Financial Inclusion for Women, Youth
CBN Flags-off Digital Financial Inclusion for Women, Youth: In its drive to ensure the digital financial inclusion of women and youth across Nigeria, the Central Bank of Nigeria (CBN) and its stakeholders are billed to
Nigeria’s three tiers of Govt share N740 bln revenue for Sept
Nigeria’s three tiers of Govt share N740 bln revenue for Sept: Nigeria's three tiers of governments -federal, states and local governments - shared N739. 965 billion from the central revenue accounts for the month of
CBN eNaira Speed Wallet back on Google store
CBN eNaira Speed Wallet back on Google store: After an upgrade, the Central Bank of Nigeria (CBN) digital currency, eNaira Speed Wallet app is back on Google Store 24 hours after it sudden disappearance.
Ex-Ondo State Governor, Mimiko returns to PDP
Ex-Ondo State Governor, Mimiko returns to PDP: Former governor of Ondo State, Olusegun Mimiko has returned to the main opposition Peoples Democratic Party (PDP) along side the governorship candidate of ZLP
Thursday, 28 October 2021
FBN Holdings appoints Okonkwo new Group MD, renews Adeduntan tenure as First Bank CEO
FBN Holdings appoints Okonkwo new Group MD, renews Adeduntan tenure as First Bank CEO: The immediate past Chief Executive of Fidelity Bank, Nnamdi Okonkwo has been named the Group Managing Director of FBN Holdings Plc, to replace Urum Eke who
Lekki Deep Sea Port to start operations by third quarter of 2023 ~Sanwo-Olu
Lekki Deep Sea Port to start operations by third quarter of 2023 ~Sanwo-Olu: The Lekki Deep Sea Port would become operational in the third quarter of 2023, according to the Lagos State Governor, Babajide Sanwo-Olu.
Mark Zuckerberg announces new name for Facebook parent firm as ‘Meta’
Mark Zuckerberg announces new name for Facebook parent firm as ‘Meta’: Facebook founder, Mark Zuckerberg on Thursday announced name change for the parent company of the social media platform to “Meta” to represent a future beyond
Real Estate used for Money Laundering, IFFs – ICPC Chairman
Real Estate used for Money Laundering, IFFs – ICPC Chairman: “Corruption in real estate aids illicit financial flows. The real estate sector is globally recognized as attractive to IFFs largely because it is informal,
French Photographer, Puchercos exhibits ‘images and emotions from a Traveller’s life’
French Photographer, Puchercos exhibits ‘images and emotions from a Traveller’s life’: French Photographer Michel Puchercos is unveiling an exhibition titled ‘Carnet de Voyage’ at Red door Art Gallery in Victoria Island from 29 October to 1
G20 moves to salvage debt relief for poor nations
G20 moves to salvage debt relief for poor nations: The world’s leading economies are struggling to agree on how to save a debt-relief programmeme for poor nations hit hard by the coronavirus pandemic.
ECOWAS Bank appoints Ashimolowo Vice President
ECOWAS Bank appoints Ashimolowo Vice President: The Board of Directors of ECOWAS Bank for Investment and Development (EBID) has appointed Olagunju Ashimolowo as Vice-President in charge of Operations.
NNPC to invest N621 bln tax relief grants on construction of 21 roads
NNPC to invest N621 bln tax relief grants on construction of 21 roads: The Nigerian National Petroleum Company (NNPC) has received the approval of the federal government to invest N621.2 billion to take over the repairs and
CBN should allow naira to respond to real pressures, says World Bank
CBN should allow naira to respond to real pressures, says World Bank: READ ALSO: We are not distributing 50 bln eNaira to public, says CBN
We are not distributing 50 bln eNaira to public, says CBN
We are not distributing 50 bln eNaira to public, says CBN: The Central Bank of Nigeria (CBN) has disowned the social media handle created by some fraudulent person for its newly launched digital currency, the eNaira in a bid to defaud the public.
CBN should allow naira to respond to real pressures, says World Bank
CBN should allow naira to respond to real pressures, says World Bank: READ ALSO: We are not distributing 50 bln eNaira to public, says CBN
Wednesday, 27 October 2021
UK firm seeks to connect 20 mln people in Nigeria to solar power
UK firm seeks to connect 20 mln people in Nigeria to solar power: A United Kingdom (UK) company aims to provide off-grid solar power to 20 million people in Nigeria, Africa’s most populous nation, where less than half of the
BPE allay concerns over proposed amendment of its enabling Act
BPE allay concerns over proposed amendment of its enabling Act: Director General of the Bureau of Public Enterprises (BPE), Alex A. Okoh has allayed fears of perceived usurpation of regulatory powers by the Bureau in the
Sports minister orders dissolution of NBBF’s caretaker committee
Sports minister orders dissolution of NBBF’s caretaker committee: The Federal Ministry of Youth and Sports Development has ordered the immediate dissolution of the Nigeria Basketball Federation Caretaker Committee headed by
Namibia plans to establish a sovereign wealth fund this year
Namibia plans to establish a sovereign wealth fund this year: Namibia plans to establish a sovereign wealth fund by the end of this year that will be used to serve as a buffer against future economic shocks, Finance
Nigeria to spend more on fuel subsidy than $4 bln raised from Eurobond issuance
Nigeria to spend more on fuel subsidy than $4 bln raised from Eurobond issuance: Nigeria, Africa’s largest oil producer could spend more on fuel and power subsidies this year than it raised through a Eurobond offering last month, according
Senate wants more budgetary allocations to ICPC
Senate wants more budgetary allocations to ICPC: The Chairman, Senate Committee on Anti-Corruption and Financial Crimes, Suleiman Abdu Kwari, has emphasized the need for improved funding for the Independent
Nigeria privatised 234 public enterprises since inception of BPE ~Okoh
Nigeria privatised 234 public enterprises since inception of BPE ~Okoh: Nigeria has successfully privatised 234 public enterprises since the inception of the Bureau of Public Enterprises (BPE), according to its director general,
Nigeria spent N3.3 trln on agric product imports in 4-year ~Elumelu
Nigeria spent N3.3 trln on agric product imports in 4-year ~Elumelu: Agricultural imports cost Nigeria about N3.35 trillion between 2016 and 2019, according to the Chairman of United Bank for Africa (UBA), Tony Elumelu.
Ex-CBN Gov, Sanusi accuses NNPC of inflating fuel import figures
Ex-CBN Gov, Sanusi accuses NNPC of inflating fuel import figures: A deposed Emir of Kano and ex-Governor of Central Bank of Nigeria (CBN), Lamido Sanusi has said that petrol imports figures were inflated when global oil
Ex-Senate president Anyim released by EFCC on bail after 3-day in custody
Ex-Senate president Anyim released by EFCC on bail after 3-day in custody: Ex-Senate President, Pius Anyim has been released by the Economic and Financial Crime Commission (EFCC) after he perfected his bail conditions late Tuesday.
Tuesday, 26 October 2021
Anambra: 81,778 newly printed PVCs available for collection~ INEC
Anambra: 81,778 newly printed PVCs available for collection~ INEC: The Independent National Electoral Commission (INEC) on Tuesday said that 81,778 newly printed Permanent Voter Cards (PVCs) were ready for collection in
Nigerian startups helping to bridge local food supply value chain
Nigerian startups helping to bridge local food supply value chain: Nigerian startups are digitising the local food supply chain, helping merchants navigate high food costs and farmers sell their produce.
South-West Governors meet in Lagos over insecurity, Oodua investment
South-West Governors meet in Lagos over insecurity, Oodua investment: Members of South-West Governors Forum, on Tuesday, met in Lagos State to discuss security situation in the region and state of the joint investment of the six
China commercial banks to birth in Nigeria soon ~Envoy
China commercial banks to birth in Nigeria soon ~Envoy: Chinese commercial bank will soon birth in the country, according to the Chinese ambassador to Nigeria, Cui Jianchun, who also said that Nigerian financial
GSK Nigeria 9-month revenue marginally up 0.06% to N16.4 bln
GSK Nigeria 9-month revenue marginally up 0.06% to N16.4 bln: GlaxoSmithKline Consumer Nigeria Plc posted a total revenue of N16.45 billion in the first six months of 2021, up 0.06 percent over the N16.44 billion income
CIBN to confer fellowship on Okonjo-Iweala, more than 200 others
CIBN to confer fellowship on Okonjo-Iweala, more than 200 others: The Chartered Institute of Bankers of Nigeria (CIBN) will on Saturday, october 30, 2021 confer on over 250 qualified and experienced members of the institute
N780 mln Aviation fund: Ex-Senate President Anyim still in EFCC custody since Sunday
N780 mln Aviation fund: Ex-Senate President Anyim still in EFCC custody since Sunday: The Economic and Financial Crimes Commission (EFCC) is yet to release a former Senate president, Pius Anyim after he reported to the commission to answer some
FIRS seeks partnership with EFCC on tax related issues
FIRS seeks partnership with EFCC on tax related issues: A zonal coordinator of the Federal Inland Revenue Service, FIRS, covering Rivers, Edo and Delta states, Hamisu Mohammed Ibrahim has described the Economic and
Algeria to halt gas supply to Morocco after diplomatic rows, to supply Spain directly
Algeria to halt gas supply to Morocco after diplomatic rows, to supply Spain directly: Spain's gas system operator, Enagas ENAG.MC, has sold extra space for liquefied natural gas (LNG) deliveries this winter in a bid to stabilise supply as
Mali expels ECOWAS envoy over action “incompatible with his status”
Mali expels ECOWAS envoy over action “incompatible with his status”: Mali's transitional government has ordered an envoy of the 15-nation Economic Comunity of West African (ECOWAS) to leave the country within 72 hours because
World Bank warns Nigeria on consequence of spending N2.9 trln on fuel subsidy
World Bank warns Nigeria on consequence of spending N2.9 trln on fuel subsidy: The World Bank has estimated spent by Nigeria on petroleum subsidy to arund N2.9 trillion and warned on the conseqence of such huge expenditure by the
Nigeria on verge of concession of four International Airports
Nigeria on verge of concession of four International Airports: Nigeria is on the verge of concesisioning its four airports as it will send requests for proposals to qualified bidders after assessing the requests for
Monday, 25 October 2021
PDP suspends 10 loyalists of Obaseki, Shaibu in Edo State
PDP suspends 10 loyalists of Obaseki, Shaibu in Edo State: The main opposition Peoples Democratic Party (PDP) in Edo State has has suspended 10 of its members who defected from the All Progressive Congress along with
Nigeria’s Access Bank to merge Zambia unit with Atlas Mara subsidiary
Nigeria’s Access Bank to merge Zambia unit with Atlas Mara subsidiary: Nigeria's Access Bank on Monday said it has executed a binding agreement with Atlas Mara Limited to merge its Zambia subsidiary, Access Bank Zambia with African Banking Corporation Zambia.
Why I gave approval for introduction of eNaira by CBN ~President Buhari
Why I gave approval for introduction of eNaira by CBN ~President Buhari: The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called block chain, can increase Nigeria’s GDP by $29 billion over the next 10 years, President Muhammadu Buhari said Monday in Abuja.
Lagos critical to S/West economic growth ~Sanwo-Olu
Lagos critical to S/West economic growth ~Sanwo-Olu: Lagos State is strategically important to the Southwest’s regional economic aspirations, Governor Babajide Sanwo-Olu said on Monday.
Nigeria’s foreign exchange buffer hits $41.1 bln by Oct 22
Nigeria’s foreign exchange buffer hits $41.1 bln by Oct 22: ...Emefiele says Forex reserves among Africa's highest
Saturday, 23 October 2021
FAAN deploys new safety equipment to two Nigerian airports
FAAN deploys new safety equipment to two Nigerian airports: The Federal Airports Authority of Nigerian (FAAN) has deployed new equipment at the Nnamdi Azikiwe International Airport, Abuja and Murtala Mohammed
Borno State to close IDP camps around Maiduguri by Dec 31
Borno State to close IDP camps around Maiduguri by Dec 31: Borno State government said it will shut down Internally Displaced Person (IDP) camps by the end of the year based on improvement in security in the state.
Nigeria to launch first digital currency, eNaira on Monday
Nigeria to launch first digital currency, eNaira on Monday: Nigeria's central bank will launch the country's first digiral currency, eNaira on Monday with President Muhammadu Buhari formally unveiling the nation's
Medical tourism impacts negatively on Nigeria’s forex reserves ~CBN
Medical tourism impacts negatively on Nigeria’s forex reserves ~CBN: The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said that foreign exchange allocation to medical treatment abroad impacted negatively on the
Mount’s hat-trick helps Chelsea win 7-0 against Norwich even without Lukaku, Werner
Mount’s hat-trick helps Chelsea win 7-0 against Norwich even without Lukaku, Werner: Thomas Tuchel believes Mason Mount will feel “lighter” after breaking his goal duck for the season with a hat-trick in Chelsea’s 7-0 Premier League hammering
Bayelsa Governor’s Wife to support fight against breast cancer
Bayelsa Governor’s Wife to support fight against breast cancer: The wife of Bayelsa State Governor, Gloria Douye Diri, has said that the Founder of the Breast Cancer Association of Nigeria (BRECAN) and his Ondo State
‘My husband said sex was only for making children’
‘My husband said sex was only for making children’: When you're in the first flush of love, it's hard to imagine what it's like to lose that intimacy with your partner, but now people in sexless marriages have
Nigeria, other African nations face bleak future on Covid vaccines inequality
Nigeria, other African nations face bleak future on Covid vaccines inequality: A crippling shortage of coronavirus vaccines in sub-Saharan Africa isn’t just a health risk, it’s having a major impact on economic growth.
A single, unified forex market ‘II boost diaspora remittance, confidence in Nigeria’s economy~ IMF
A single, unified forex market ‘II boost diaspora remittance, confidence in Nigeria’s economy~ IMF: The International Monetary Fund (IMF) has said that Nigeria experience decline in the volume of diaspora remittance flows into the country due to the
Friday, 22 October 2021
BPE chief urges staff to gear up for the next phase of the privatisation scheme
BPE chief urges staff to gear up for the next phase of the privatisation scheme: The Bureau of Public Enterprises (BPE) will continue to uphold its core values of an efficient and credible organisation in the discharge of its mandate as
Sanwo-Olu wife, Adejoke canvasses support for Super Falcons against Ghana black queens
Sanwo-Olu wife, Adejoke canvasses support for Super Falcons against Ghana black queens: Ahead of the Super Falcons match with the Black Queens of Ghana on Sunday at the Accra Sports Stadium, Lagos State First Lady, Ibijoke Sanwo-Olu on Friday
NCC alerts Nigerians of existence of high-risk malware called Flubot
NCC alerts Nigerians of existence of high-risk malware called Flubot: FluBot is circulated through Short Message Service (SMS) and can snoop “on incoming notifications, initiate calls, read or write SMSes, and transmit the
Stanbic IBTC insurance arm eyes 10% of Nigeria’s insurance business
Stanbic IBTC insurance arm eyes 10% of Nigeria’s insurance business: Stanbic IBTC Holdings Plc, the Nigerian subsidiary, started insurance business this year to further diversify from banking and wealth management by selling
Abuja Court grants Ex-NSITF chairman, Olejeme bail over N3 bln fraud case
Abuja Court grants Ex-NSITF chairman, Olejeme bail over N3 bln fraud case: An Abuja High Court has granted bail to a former Chairman of the Board of the Nigeria Social Insurance Trust Fund (NSITF), Ngozi Olejeme, who is facing a
Ghanaian President Akufo-Addo calls for restrain over debate on gay rights bill
Ghanaian President Akufo-Addo calls for restrain over debate on gay rights bill: Gay sex is already punishable with up to three years in jail in Ghana, where homophobic persecution is widespread, but the draft law would criminalise being
FATF downgrades Turkey to ‘grey lists’ over failure to fight money laundering, terrorist financing
FATF downgrades Turkey to ‘grey lists’ over failure to fight money laundering, terrorist financing: The Financial Action Task Force (FATF), set up by the G7 group of advanced economies to protect the global financial system, also put Mali and Jordan on its
NDLEA seizes Amphetamine pills worth $11 mln courier from Lebanon
NDLEA seizes Amphetamine pills worth $11 mln courier from Lebanon: Nigerian authorities intercepted nearly half a million amphetamine pills hidden in machinery coming into a Lagos port, an official said on Thursday.
Thursday, 21 October 2021
Wednesday, 20 October 2021
Tuesday, 19 October 2021
Monday, 18 October 2021
Friday, 15 October 2021
PDP wants court to sack Zamfara Gov, Matawalle, 3 Senators, Reps, House Assembly members for defection
PDP wants court to sack Zamfara Gov, Matawalle, 3 Senators, Reps, House Assembly members for defection: Nigeria's main opposition Peoples Democratic Party (PDP) on Friday sought the order of the Federal High Court, Abuja to join the three Zamfara senators and 27
Cambridge College to return looted Benin bronze to Nigeria on Oct 27
Cambridge College to return looted Benin bronze to Nigeria on Oct 27: A Cambridge college is to return a looted bronze cockerel statue to representatives from Nigeria in a ceremony this month.
US President Biden lifts travel restrictions on vaccinated foreigners from Nov 8
US President Biden lifts travel restrictions on vaccinated foreigners from Nov 8: The White House is set to announce Friday that it will lift travel restrictions come Nov. 8, exciting many foreign nationals at the prospect of returning home
EFCC withdraws case against Kogi State over N20 bln bailout fund
EFCC withdraws case against Kogi State over N20 bln bailout fund: The Economic and Financial Crimes Commission (EFCC) on Friday withdrawn its suit seeking the forfeiture of N20 billion bailout funds granted to the Kogi State
Nigeria targets 15% revenue to GDP by 2025 as it plans fresh $2 bln Eurobond
Nigeria targets 15% revenue to GDP by 2025 as it plans fresh $2 bln Eurobond: Nigeria is targeting a revenue growth of 15 percent to the nation's Gross Domestic Product (GDP) ratio by 2025, from the present level of nine percent to GDP.
CBN provides N60 bln funding for Lagos Blue line rail project
CBN provides N60 bln funding for Lagos Blue line rail project: The Central Bank of Nigeria (CBN) said it is providing N60 billion funding for the blue line train projects of the Lagos State government through three
Nigeria hopeful of dollar ease as Dangote Refinery starts production in 2022 ~ Emefiele
Nigeria hopeful of dollar ease as Dangote Refinery starts production in 2022 ~ Emefiele: Central Bank of Nigeria (CBN) Governor, Godwin Emefiele said Nigeria is looking forward to the completion of Dangote Petroleum Refinery to help ease the
The horse-trading that leads to Senator Ayu’s emergent as PDP consensus chairmanship candidate
The horse-trading that leads to Senator Ayu’s emergent as PDP consensus chairmanship candidate: On Thursday, former President of the Senate in the aborted third republic, Iyorchia Ayu emerged as the consensus chairmanship candidate of the main opposition
Thursday, 14 October 2021
University of Ibadan names Prof Adebowale substantive Vice-Chancellor
University of Ibadan names Prof Adebowale substantive Vice-Chancellor: Kayode Adebowale, a professor has been named the substantive Vice Chancellor of the 73-year-old the University of Ibadan.
Supreme Court upholds Soludo as APGA candidate in Anambra election
Supreme Court upholds Soludo as APGA candidate in Anambra election: The Supreme Court has upheld the candidature of a former Central Bank of Nigeria (CBN) Governor, Charles Soludo as the flag brearer of the All Progressives
Nigerian army to maintain telecoms blackout in Zamfara, Katsina, two other states
Nigerian army to maintain telecoms blackout in Zamfara, Katsina, two other states: A telecoms blackout will be maintained in large swathes of northwest Nigeria because it is helping the armed forces crack down on bandits responsible for a
Onyema quits board of Nigerian Exchange Limited as NGX Group ready for listing on Friday
Onyema quits board of Nigerian Exchange Limited as NGX Group ready for listing on Friday: Onyema’s resignation comes on the back of the imminent listing of NGX Group, where he serves as the Group Managing Director/Chief Executive Officer, on the
NCC is 97% ready for deployment of 5G technology in Nigeria ~EVC
NCC is 97% ready for deployment of 5G technology in Nigeria ~EVC: The Nigerian Communications Commission (NCC) has confirmed that it's 97 percent ready to begin full implementation of 5G deployment in the country.
US govt donates additional 3.5 million Pfizer Covid-19 vaccine to Nigeria
US govt donates additional 3.5 million Pfizer Covid-19 vaccine to Nigeria: The United States has shipped over 3.5 million doses of COVID-19 vaccine to Nigeria, the second of such within seven months this year.
Attack on Mosque in western Niger leaves 10 dead
Attack on Mosque in western Niger leaves 10 dead: No fewer than 10 people were killed when suspected militants attacked a mosque in western Niger, the country’s defense minister has said.
No consensus candidate yet for PDP national chairmanship from North
No consensus candidate yet for PDP national chairmanship from North: The search for the next national chairman of the main opposition Peoples Democratic Party (PDP) remains open as the three geo-political zones in the North
Nigeria crude oil production rises to 1.45 mbpd in Sept vs 1.29 mbpd in Aug ~OPEC
Nigeria crude oil production rises to 1.45 mbpd in Sept vs 1.29 mbpd in Aug ~OPEC: Nigeria produced a total of 1.451 million bpd crude oil in September, indicating 155,000 additional barrels of crude oil per day (bpd) compared with the
Nigeria tax spat reignites federalism debate
Nigeria tax spat reignites federalism debate: A legal battle between Nigeria’s government and states over sales tax is fueling fierce debate about federalism in Africa’s most populous country as
Wednesday, 13 October 2021
FIRS generates N4.2 trln income from tax in 9-month
FIRS generates N4.2 trln income from tax in 9-month: The Federal Inland Revenue Service (FIRS) has collected a total of N4.2 trillion in tax income in the first nine months of the year.
EFCC docks two people for impersonation, forging court documents
EFCC docks two people for impersonation, forging court documents: The Economic and Financial Crimes Commission (EFCC) arraigned two suspects, Ugwu Pascal and Ibrahim Sadiq before Justice O.O. Abike-Fadipe of the Special
Access Bank takes over BankABC of Botswana after concluding deal with London-listed Atlas Mara
Access Bank takes over BankABC of Botswana after concluding deal with London-listed Atlas Mara: Nigeria's Access Bank has acquired 78.15 percent stake in African Banking Corporation of Botswana Limited, according a regulatory filing by the lender with
Nigerians appetite for Crypto trading increases despite official disapproval
Nigerians appetite for Crypto trading increases despite official disapproval: Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to COVID-19. Now he is hooked even though the
Apple to slash iPhone 13 production by 10 mln due to chip shortage
Apple to slash iPhone 13 production by 10 mln due to chip shortage: Apple Inc is likely to cut down production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on
Senate probes illegal payment of N19 bln by budget office MDAs
Senate probes illegal payment of N19 bln by budget office MDAs: The Senate has began investigation into alleged illegal payment of N19 billion to four federal agencies, by the country's Budget Office.
Ex-Anambra Gov, Obi blames nation’s woes on neglect of youth
Ex-Anambra Gov, Obi blames nation’s woes on neglect of youth: Nigeria is in crises in various sectors due to the failure of the country to invest in the youth and empower them to tap their potentials, according to the immediate past Governor of Anambra State, Peter Obi.
FIRS Boss, Nami’s lame lamentation on low income tax collections
FIRS Boss, Nami’s lame lamentation on low income tax collections: On Friday, the chairman of the Federal Inland Revenue Service (FIRS), Mohammed Nami, lamented Nigeria’s low tax income and blamed it on lack of willingness by
Tuesday, 12 October 2021
ABCON urges CBN to investigate forex transactions by banks, resume dollar sales to BDCs
ABCON urges CBN to investigate forex transactions by banks, resume dollar sales to BDCs: ABCON also called on the CBN to investigate the actual causes of the depreciation since July 2nd when it suspended dollar sales to BDCs and why the Deposit
NCC sets regulations to facilitate 5G deployment, tackling security
NCC sets regulations to facilitate 5G deployment, tackling security: The Executive Vice Chairman (EVC) of the Nigerian Communication Commission (NCC), Umar Garba Danbatta, has declared that three of the Commission’s regulatory
Terrorists again strike in Kaduna, abduct 3 catholic seminarians, injure five
Terrorists again strike in Kaduna, abduct 3 catholic seminarians, injure five: Three seminarians at the Christ the King Major Seminary in Kafanchan, domiciled within St. Albert Institute, Fayit, Fadan Kagoma, Jama’a Local Government Area
EU hires banks for its debut €12 bln green bond sales
EU hires banks for its debut €12 bln green bond sales: Green bonds will fund 30 percent of the EU’s up-to €800 billion coronavirus recovery fund, which gives grants and loans to members states until end-2026.
Nigeria’s forex exchange policy benefits few people, supports arbitrage ~VP Osinbajo
Nigeria’s forex exchange policy benefits few people, supports arbitrage ~VP Osinbajo: Vice President Yemi Osinbajo on Tuesday said the present exchange rate policy benefits few people who have access to official market and encouraged huge
Monday, 11 October 2021
ICPC docks Ex-Presidential Aide, Obono-Obla over certificate forgery
ICPC docks Ex-Presidential Aide, Obono-Obla over certificate forgery: The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned the former Chairman of the Special Presidential Investigation Panel for Recovery of Public Property (SPIP), Okoi Ofem Obono-Obla, over allegations of certificate forgery. The Commission, in a two-count c ...
MasterCard partners EDC to train and create 200,000 Jobs
MasterCard partners EDC to train and create 200,000 Jobs: In bridging unemployment gap among the youth, Mastercard Foundation in collaboration with Enterprise Development Centre (EDC), since last year has commenced training of Nigerian youths with a view to creating a minimum of 200,000 jobs in the next five years. The director, Enterprise Development ...
IATA seeks CBN intervention in Airlines repatriation of $144 mln trapped revenue
IATA seeks CBN intervention in Airlines repatriation of $144 mln trapped revenue: The International Air Transport Association (IATA) has disclosed that foreign airlines operating in Nigeria had been unable to repatriate about $144 million in ticket sales back to their home countries as international carriers move to reduce number of tickets sales in the country. This was agai ...
Lagos-Ibadan Expressway, 2nd Niger bridge ‘II be ready before 2023 ~Buhari
Lagos-Ibadan Expressway, 2nd Niger bridge ‘II be ready before 2023 ~Buhari: President Muhammadu Buhari on Monday assured Nigerians that the 11.9km Second Niger Bridge, 120 km Lagos-Ibadan Expressway and other key projects under the Presidential Infrastructure Development Fund (PIDF) will be completed within the second term of this administration. The President gave the ...
Egypt’s inflation climbs to a 20-month high of 6.6% in Sept
Egypt’s inflation climbs to a 20-month high of 6.6% in Sept: Egypt's annual urban consumer price inflation (CPI) climbed to its highest in 20 months in September, rising to 6.6 percent year on year from 5.7 percent in August, data from the country's statistics agency CAPMAS showed on Sunday. The rate remains well within the target range of betwe ...
Oil marketer, Ardova Plc to complete N22 bln 7, 10-year bonds issuance Friday
Oil marketer, Ardova Plc to complete N22 bln 7, 10-year bonds issuance Friday: Ardova PLC, formally Forte Oil will conclude the offering of its N22 billion two trances of 7-year and 10-year bond issuance on Friday. The oil marketing company, last week started the offering for the Series 1, Tranche A (7-year) and B (10-year) fixed-rate senior unsecured bonds under its N60 b ...
Nigeria approves cultivation of genetically modified maize to boost local production
Nigeria approves cultivation of genetically modified maize to boost local production: In a bid to boost local production of maize in the country, Nigeria has granted environmental approval for the evaluation and open cultivation of a new variety of genetically modified maize. TELA Maize was developed by researchers at the Institute for Agricultural Research, Ahmadu Bello Universi ...
Saudi biggest IPO Since Aramco climbs 30% on trading debut
Saudi biggest IPO Since Aramco climbs 30% on trading debut: ACWA Power International surged on debut in Riyadh after raising more than $1.2 billion in the biggest Saudi Arabian listing since Aramco. The stock jumped by the 30 percent daily limit to 72.80 riyals on Monday as investors flocked to a business seen as key to Saudi Arabia’s efforts to diversif ...
Nigeria’s forex reserves swell 10.4% to $38.2 bln in a month as Eurobonds proceed flows in
Nigeria’s forex reserves swell 10.4% to $38.2 bln in a month as Eurobonds proceed flows in: By Oludare Mayowa Nigeria’s foreign exchange reserves rose 10.37 percent month-on-month to $38.18 billion by October 7, 2021 from $34.59 billion in the same period of last month, data sourced from the Central Bank of Nigeria (CBN) website on Monday has showed. The data also showed that the count ...
Foreign investment flow via Nigeria’s stock market declines 44% by Aug ~NGX
Foreign investment flow via Nigeria’s stock market declines 44% by Aug ~NGX: Total Foreign Portfolio Investments (FPI) inflow through the Nigerian stock market fell 44.1 percent to N262.85 billion Year-on-Year by August 2021, from N470.2 billion in the corresponding period of 2020. This is an indications that FPIs are particpation in the local equity market has continue ...
MTN Nigeria suspects internal sabotage behind network disruption
MTN Nigeria suspects internal sabotage behind network disruption: The recent outage on the network of local unit of South Africa's telecom firm, MTN Nigeria may have been attributed to internal sabotage as the firm move to safeguard its equipment. Though the telecom firm is currently investigating the real cause of the outage, the interuption in its netwr ...
Sunday, 10 October 2021
Anambra Govt seeks NCCA approval to open state airport by Oct 21
Anambra Govt seeks NCCA approval to open state airport by Oct 21: The Anambra State Government is seeking the approval of the Nigeria Civil Aviation Authority (NCAA) to open the state’s cargo and passengers Airport for operations on Oct. 21. At a new conference after a tour of the airport and the International Conference Centre in Umueri and Awka respectively, ...
Ex-Senate President Saraki cautions N/Assembly on electoral law amendment
Ex-Senate President Saraki cautions N/Assembly on electoral law amendment: Former Prresident of the Senate President, Bukola Saraki, has called the National Assembly to save the country the crisis that will result from the proposal to make direct primaries compulsory for parties in choosing candidates for elections. In a statement on Sunday, Saraki noted that the decis ...
Fuel scarcity averted as NUPENG suspends planned strike to allow for negotiation
Fuel scarcity averted as NUPENG suspends planned strike to allow for negotiation: The National Union of Petroleum and Natural Gas Workers (NUPENG) has called off the nationwide strike that was due to start on Monday to give negotiations a chance. The suspension follows the appeal by the Nigerian National Petroleum Corporation (NNPC) warning that the industrial action boycott ...
Saturday, 9 October 2021
Access Bank promises to raise bar in customer’s service
Access Bank promises to raise bar in customer’s service: Access Bank has restated its commitment to delivering top-notch customer service that raises the bar. This, it said, is what drives innovation that makes the Bank stand out. Customer service is top of the list as it continues to create unforgettable experiences, stopping at nothing to make every ...
A coalition of anti-graft agencies to go after oil firms owing Nigeria N2.65 trln
A coalition of anti-graft agencies to go after oil firms owing Nigeria N2.65 trln: President Muhammadu Buhari has granted approval to a coalition of anti-graft agencies to recover about N2.65 trillion unremitted funds by 77 oil companies operating in the country. The agencies include; the Nigeria Extractive Industries Transparency Initiative (NEITI), Nigerian Financial Intelli ...
Online publishers guild elects Chigbo president, inducts 21 new members
Online publishers guild elects Chigbo president, inducts 21 new members: The Guild of Corporate Online Publishers (GOCOP) on Thursday sworn in its first female president, Maureen Chigbo and inducted 21 new mambers into its fold at its fifth annual conference in Lagos. Chigbo assumed the leadership of the online publishers group from Dotun Oladipo, who served out his ...
Friday, 8 October 2021
Why Nigerian billionaires are not paying income tax ~FIRS boss
Why Nigerian billionaires are not paying income tax ~FIRS boss: The Federal Inland Revenue Service on Friday said in spite of the fact that the country has more billionaires than in South Africa tax revenue has remain low compared to other nations in the continent. Chairman of the tax agency, Muhammad Nami said Lagos alone has more than the number of billion ...
IMF approves debt relief for 24 member nations
IMF approves debt relief for 24 member nations: The International Monetary Fund (IMF) on Friday said it has approved a fourth tranche of debt service relief from the Catastrophe Containment and Relief Trust (CCRT) for 24 member countries with eligible debt falling due in the period through January 10, 2022. The Executive Board also approved t ...
MTN Nigeria obtains SEC approval to launch N90 bln bonds
MTN Nigeria obtains SEC approval to launch N90 bln bonds: By Samuel Bankole MTN Nigerian on Friday said it has secured the approval of the capital market regulator, the Nigeria's Securities and Exchange Commission (SEC) to issue N90 billion worth of bond under its N200 billion series 2 programmme. In a regulatory filing with the Nigerian Exchange ...
Nigeria, three other nations yet to join global tax deal as 136 countries seal taxation pact
Nigeria, three other nations yet to join global tax deal as 136 countries seal taxation pact: Nigeria is yet to join the global deal on corporate tax just as the the Organisation for Economic Cooperation and Development (OECD) said on Friday the tax deal has been agreed by 136 nations. The OECD said the global deal to ensure big companies pay a minimum tax rate of 15 percent and make it ...
Nigeria spends N2.9 trln on debt service in 8-month ~Finance Minister
Nigeria spends N2.9 trln on debt service in 8-month ~Finance Minister: Nigeria spent about N2.89 trillionn on debt servicing between January and August, 2021, according to the minister of finance and budget, Zainab Ahmed on Friday. Ahmed, who said this during the public presentation and breakdown of the highlights of the 2022 appropriation in Abuja on Friday, noted ...
Newly incorporated NNPC Limited has largest capitalisation of N200 bln in Nigeria ~CAC
Newly incorporated NNPC Limited has largest capitalisation of N200 bln in Nigeria ~CAC: Nigeria’s state-oil firm NNPC is now a fully incorporated company in compliance with a new petroleum law, President Muhammadu Buhari said on Friday. Buhari, who is also petroleum minister, signed an oil bill into law last month that had been in the works for nearly two decades, aiming to overhau ...
Moderna to invest up to $500 mln to build vaccine plants in Africa
Moderna to invest up to $500 mln to build vaccine plants in Africa: Moderna plans to invest up to $500 million to build a factory in Africa to make up to 500 million doses of mRNA vaccines each year, including its COVID-19 shot, as pressure grows on the pharmaceutical industry to manufacture drugs on the continent. African countries and the World Health Organiza ...
Fuel scarcity imminent as NUPEG mulls nationwide strike
Fuel scarcity imminent as NUPEG mulls nationwide strike: The country may soon face imminent fuel scarcity and experience queue in petrol stations across the country going by the threat by the Petroleum Tanker Drivers (PTD), branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to embark on a nationwide strike any moment from today. ...
Nigeria Police rescue 187 abducted by terrorists in Zamfara
Nigeria Police rescue 187 abducted by terrorists in Zamfara: Nigerian security agents on Thursday rescued 187 people who had been abducted by armed gangs in the northwestern state of Zamfara, police said, after authorities launched a sweeping security operation against the kidnappers. Since December last year, Zamfara has been at the centre of often viole ...
PDP NEC ratifies zoning party chairmanship position to north
PDP NEC ratifies zoning party chairmanship position to north: The National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP), has thrown its weight behind the decision to zone the main opposition party charimanship position to the North. The governors elected under platform of the part and the National Convention Zoning Committee (NCZ ...
The economy of Nigeria, other countries at risk as world transits to renewable energy ~W/Bank
The economy of Nigeria, other countries at risk as world transits to renewable energy ~W/Bank: The World Bank has said that the shift from oil, gas and coal to renewable energy could impact Nigeria and some countries in the coming years. The bank said; “Countries with a high share of carbon and carbon-linked wealth are highly exposed to carbon risk and need to avoid policies and investmen ...
Nigeria projects economy to grow at 4.2% as it plans to spend record budget in 2022
Nigeria projects economy to grow at 4.2% as it plans to spend record budget in 2022: Nigeria’s government finalized plans to ramp up spending and borrowing as it grapples with reviving an economy that shrank by the most in a quarter century last year due to the coronavirus pandemic. Expenditure is projected at N16.4 trillion next year, or 17.7 percent more than initially propose ...
Thursday, 7 October 2021
Africa CDC to open talks with WHO on Malaria vaccine roll-out
Africa CDC to open talks with WHO on Malaria vaccine roll-out: Africa will start talks with the World Health Organization (WHO) about getting the first approved malaria vaccine to the continent as soon as possible, the African Union's top health official said on Thursday, amid calls for funding for drugs beyond COVID-19. John Nkengasong spoke a day aft ...
Nigerian Exchange appoints Rand Merchant Bank and Chapel Hill Denham to manage listing on NGX
Nigerian Exchange appoints Rand Merchant Bank and Chapel Hill Denham to manage listing on NGX: The Nigerian Exchange Group (NGX) said on Thursday it has received regulatory approval to list 1.96 billion shares on the local stock market, paving the way for the bourse to broaden its ownership structure. The group - made up of Nigerian Exchange, NGX Regulation and NGX Real Estate - is majori ...
Nigerian sprinter, Okagbare faces multiple anti-doping charges from AIU
Nigerian sprinter, Okagbare faces multiple anti-doping charges from AIU: Nigerian sprinter Blessing Okagbare, who was provisionally banned after testing positive for human growth hormone before the Tokyo Olympics, has been hit with three separate anti-doping charges, the Athletics Integrity Unit (AIU) said on Thursday. Okagbare, who won silver in the long jump at Bei ...
Fully vaccinated Nigerians traveling to UK are now exempted from pre-departure tests, isolation
Fully vaccinated Nigerians traveling to UK are now exempted from pre-departure tests, isolation: Nigerian travelers to the United Kingdom who are fully vaccinated will no longer require to take a pre-departure test, undertake a day 8 test or self-isolate for 10 days as previously required from Monday Monday, October 11. A statement onThursday by the British High Commission said the travelle ...
In Nigeria, used car tyres become recycle material for paving bricks
In Nigeria, used car tyres become recycle material for paving bricks: In Nigeria, a country heavily reliant on revenues from its oil exports, entrepreneur Ifedolapo Runsewe has identified another type of black gold: used car tyres. She has set up Freetown Waste Management Recycle, an industrial plant dedicated to transforming old tyres into paving bricks, floor ti ...
About 500 Nigeria stranded in Dubai after UAE decline visa renewal
About 500 Nigeria stranded in Dubai after UAE decline visa renewal: Over 500 Nigerians have lost their jobs and are stranded four months after the United Arab Emirates stopped granting or renewing Direct Employment Visa for Nigerians in the Western Asian country. It was gathered that while many of the affected persons had returned to Nigeria, hundreds of them ar ...
Wednesday, 6 October 2021
Google plans to invest $1 bln in Africa in next five years
Google plans to invest $1 bln in Africa in next five years: Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent's digital transformation, it said on Wednesday. The unit of U.S. tech company Alphabet Inc made the announcement at a virtual ev ...
Nigeria to realise N90 bln from power plants sales in 2022 ~Finance Minister
Nigeria to realise N90 bln from power plants sales in 2022 ~Finance Minister: Nigeria expects to raise N90 billion next year from selling mostly government-owned power assets to help fund spending in 2022, the finance minister said on Wednesday. The National Integrated Power Projects (NIPPs) is the government vehicle that owns several power generation plants in the countr ...
DMO to sell N400 – N480 bln bonds on domestic debt market in Q4
DMO to sell N400 – N480 bln bonds on domestic debt market in Q4: By Oludare Mayowa Nigeria Debt Managment Office (DMO) will borrow between N400 billion and N480 billion on behalf of the federal government from the domestic debt market for the last quarter of 2021 to finance portion of the government budget. In its bonds issuance calendar for the fourth quarte ...
Nigeria will borrow N5.01 bln to fund a portion of 2022 budget, says Ahmed
Nigeria will borrow N5.01 bln to fund a portion of 2022 budget, says Ahmed: Nigeria plans to borrow N6.25 trillion to finance a portion of the 2022 budget to be presented to the National Assembly on Thursday, according the minister of finance and budget, Zainab Ahmed. At the end of the Federal Executive Council (FEC) meeting on Wednesday, the cabinet approved N16.39 tri ...
How Jonathan minister, Oduah bought £6.7 mln London property via offshore firm
How Jonathan minister, Oduah bought £6.7 mln London property via offshore firm: A serving Senator and former minister of Aviation under President Goodluck Jonathan, Stella Oduah reportedly acquired four London properties at £6.7 million while serving as minister between 2011 -2014. This was revealed in a Pandora Papers project led by the International Consortium of Investig ...
First Malaria Vaccine Approved by WHO
First Malaria Vaccine Approved by WHO: The World Health Organization (WHO) on Wednesday endorsed the first ever vaccine to prevent malaria, debuting a tool that could save the lives of tens of thousands of children in Africa each year. Malaria is among the oldest known and deadliest of infectious diseases. It kills about half a milli ...
President Buhari may declare a state of emergency in Anambra if… ~Minister of Justice
President Buhari may declare a state of emergency in Anambra if… ~Minister of Justice: The Federal Government may declare a state of emergency in Anambra State to ensure that the November 6 governorship election in the state takes place. According to the country's Minister of Justice, Abubakar Malami, the government was determined to ensure a hitch-free election in Anambra, d ...
World Bank sees Nigeria economic growth at 2.4% in 2021, below S/Africa’s 4.6%
World Bank sees Nigeria economic growth at 2.4% in 2021, below S/Africa’s 4.6%: Sub-Saharan Africa's economy is expected to grow by 3.3 percent this year and 3.5 percent in 2022, buoyed by rising commodity prices, the lifting of some anti-coronavirus restrictions and a pick-up in global trade, a World Bank report said on Wednesday. The report stated that sub-Saharan gr ...
Senate approves board of new Petroleum regulatory body, scraps DPR
Senate approves board of new Petroleum regulatory body, scraps DPR: The Senate Wednesday confirmed the appointment of board members of the Nigerian Upstream Regulatory Commission (NURC), which will now replace the present Department of Petroleum Resources (DPR). The confirmation of the nominees by the upper chamber followed the consideration of a report by the S ...
New $319 mln US Consulate General building to berth at Eko Atlantic by 2027
New $319 mln US Consulate General building to berth at Eko Atlantic by 2027: The United States has awarded a $319 million contract for the building of a new Consulate General in Lagos. In a statement on Wednesday signed by the Information Specialist, Public Affairs Section (PAS), U.S. Consulate General in Lagos, Temitayo Famutimi, said the Bureau of Overseas Buildings Op ...
Nigerian teacher wins Facebook award for creating educational platform
Nigerian teacher wins Facebook award for creating educational platform: A Nigerian Teacher, Peter Ogudoro, has won an award by Facebook as one of the world’s amazing virtual community managers for developing a “most helpful and engaged educators’ platform called Nigerian Teachers.’ According to a statement by the the Nigerian Teachers, a platform created by Ogundoro ...
President Buhari writes N/Assembly, to present 2022 budget on Thursday
President Buhari writes N/Assembly, to present 2022 budget on Thursday: Senate Passes revised MTEF FSP President Muhammadu Buhari has asked the leadership of the National Assembly for permission to present the budget estimate for next year on Thursday. In a communication read by the President of the Senate, Ahmad Lawan at the plenary on Wednesday, the president req ...
Facebook ‘put profit before people’ ~whistle-blower
Facebook ‘put profit before people’ ~whistle-blower: A Facebook whistle-blower told lawmakers at a hearing on Tuesday that the company can effectively police at most about a fifth of the vaccine misinformation that appears on its platform. Frances Haugen, a former Facebook product manager for the company’s civic misinformation team who released a ...
Weak naira, high Customs charges, others push up Prices of Tokunbo vehicles
Weak naira, high Customs charges, others push up Prices of Tokunbo vehicles: Prices of imported second hand automobiles, popularly known as Tokunbo vehicles, have soared in the last couple of months due to exchange rate and port charges. According to a report by the Guardian, the prices of importted used vehicles and new cars in the country have tripled due to high clear ...
Nigeria Customs seizes N1.7 bln worth of pangolin scales
Nigeria Customs seizes N1.7 bln worth of pangolin scales: The Nigeria Customs Service (NCS) has intercepted 15 sacks of pangolin scales weighing 1,014.5kg with a Duty Paid Value of over N1.7 billion in Lagos. The Comptroller General of Customs, Hameed Ali, who disclosed this in a media conference in Lagos, said that two suspects were arrested with the ...
Borno Court jails woman for 34-year over N66 mln fraud
Borno Court jails woman for 34-year over N66 mln fraud: The Borno State High Court, Maiduguri has sentenced one Dije Sale to thirty-four years imprisonment for forgery, use of false document and obtaining under false pretence to the tune of N66 million. Justice Umaru Fadawu sentenced sale on the three count charges brought against her by the Maidugur ...
NCC limits phone SIM ownership to 18-year, MTN seeks review to 14-year
NCC limits phone SIM ownership to 18-year, MTN seeks review to 14-year: The Nigerian Communications Commission (NCC) may bar person below the age of 18 year from owing and register a Subscriber Identity Module (SIM) in the country. According to the telecom industry regulator in a new regulations, person to own SIM are limited to anyone who have attain 18 years and a ...
Tuesday, 5 October 2021
Medical charity MSF protests killing of one of its nurses in Nigeria
Medical charity MSF protests killing of one of its nurses in Nigeria: Medical charity Medecins Sans Frontieres (MSF) has condemned the killing by unknown gunmen of a nurse it employed in Zamfara in northwest Nigeria, an area at the epicentre of a surge in violent crime in which thousands have been abducted. MSF said nurse Mohammad Hassan, 37, was killed on Oct. 2 ...
Sub-Sahara Africa needs additional 15 mln teachers by 2030 ~UN
Sub-Sahara Africa needs additional 15 mln teachers by 2030 ~UN: Sub-Saharan Africa is projected to need an additional 15 million primary and secondary teachers by 2030 for the education system to recover from the COVID pandemic in the region. UN agencies chiefs on Monday ahead of World Teachers’ Day said teachers were driving force behind ‘global education r ...
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