Kemi Adeosun, Finance Minister The 36 states of the Federation have so far withdrawn about N593.1 billion from the Federation Account, as revenue generated in the first quarter of 2018. The breakdown was contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by the News Agency of Nigeria …

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has introduced a new banking product that will help small and medium scale enterprises save on cost and and optimize their Business margins/revenues. The product, Biz-Smart Account, enables Enterprisesopen and operate the account without paying maintenance fees and other related charges. Biz-Smart …

Obasanjo said this on Thursday when he briefed newsmen in Abeokuta, the Ogun State capital Former President Olusegun Obasanjo on Thursday said the All Progressives Congress is taking Nigerians for fools while “revelling in an unrepentant misgoverning of Nigeria”. Obasanjo said this on Thursday when he briefed newsmen in Abeokuta, …

Akinwunmi Ambode The Lagos State Government on Wednesday said all hands are on deck to complete the largest rice mill in Sub-Saharan Africa currently ongoing in Imota Local Council Development Area of the State within the first quarter of 2019. Apart from ensuring availability of rice in the market, the …

A former governor of Osun State, Olagunsoye Oyinlola, has resigned his appointment as the Chairman of National Identity Management Commission. Oyinlola, in a resignation letter dated May 9, and addressed to President Muhammadu Buhari, said he resigned his appointment to attend to “a greater political engagement.” The letter, which was …

Empowerment items donated by Hon. Jarigbe Agom Jarigbe The All Progressives Congress’ ward congresses across the country may have come and gone, but the exercise has clearly unmasked the deep-rooted acrimony existing within the party especially in the south-east. Though leaders and stakeholders of the party have continued to play …

Independent Corrupt Practices Commission, ICPC, yesterday, re-arraigned a former Inspector-General of Police, Mr. Sunday Ehindero, on a six-count corruption charge. The ex-IGP was docked before an Abuja High Court sitting at Apo, alongside a former police commissioner, Mr. John Obaniyi. The defendants pleaded not guilty to the charges of fraud …

Airtel Nigeria said that it received the ‘Grand Prix’ award and three other prizes in the telecoms category at the 2018 African Cristal Awards for its smart recharge campaign. According to a statement by the firm, its smart recharge campaign themed ‘Prayer Warrior (Amin)’ won the Grand Prix, Grand Cristal …

Dufil Prima Foods has acquired May and Baker noodles factory for N775m. The Financial Adviser/Solicitor of Dufil Prima Foods, Nnenna Ejekam, was quoted in a statement as saying that the acquisition was completed following the approvals by the boards of directors and shareholders of the two companies and the Securities …

Senate President, Dr. Bukola Saraki. The Senate has appealed Thursday’s ruling of a Federal High Court in Abuja that voided the suspension of Senator Ovie Omo-Agege, Delta Central Senatorial District and member of the All Progressives Congress, APC. The Senate and the Senate President, Dr Bukola Saraki, who is the …