Gov. Nyesom Wike of Rivers Rivers Governor, Nyesom Wike alleged on Tuesday that a ‘rapist’ who is a member of Peoples Democratic Party, PDP in Rivers joined former Vice President Atiku Abubakar to receive Senator Ibrahim Shekarau back into the party. Atiku led PDP members to receive the Senator representing …
Read More »Our indefinite strike is necessary to save public universities — ASUU
ASUU The Academic Staff Union of Universities (ASUU) says its declaration of indefinite strike after over six months of roll over strike was necessary to save public universities. In a statement on Monday by Emmanuel Osodeke, its president, ASUU said it was compelled to carry out the action because it …
Read More »Crisis hits NAICOM as CEO moves to buy N4bn uncompleted building
#image_title A fresh crisis is currently brewing in the the National Insurance Commission, NAICOM, over the acquisition of an uncompleted new office complex in Abuja. It was gathered that the management of the commission led by Thomas Olorundare Sunday, the Commissioner For Insurance/CEO, may have deceived President Muhammadu Buhari and …
Read More »FG to surpass borrowing limit, proposes N11trn loan for 2023 budget
Zainab Ahmed, Finance Minister Nigeria’s federal government has proposed to borrow over N11 trillion to finance the proposed 2023 budget deficit, a development far above the stipulated threshold in the Fiscal Responsibility Act. Zainab Ahmed, minister of finance, budget and national planning, said this on Monday while appearing before the …
Read More »BREAKING: Fidelity Bank to acquire Union Bank UK
Nneka Onyeali-Ikpe, Fidelity Bank CEO Fidelity Bank Plc has said it entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary. According to …
Read More »Again, court denies Abba Kyari bail, fixes October 19 for trial
Abba Kyari A Federal High Court, Abuja, on Tuesday, dismissed the fresh bail application filed by suspended DCP Abba Kyari. Justice Emeka Nwite, in a ruling, held that Kyari had not given sufficient grounds for the application to be granted. The judge said the detained police officer failed to raise …
Read More »Dangote to save forex, through 40% sugar import substitution
…To employ 30,000 youths in Nasarawa Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained recently in a chat …
Read More »Tech firms redefining manufacturers, retail value chain
With the emergence of tech firms in Nigeria, the redefinition of the face of retail business is holding sway as more value is being added to this sector. Before now many retailers had no option of making orders for stock online and getting their goods delivered for free at their …
Read More »Walter Akpani led Providus Bank in multi-million naira fraud scandal
A Federal High Court in Lagos has exposed Walter Akpani led Providus Bank fraudulently transferred several millions from his account. We understands that The Federal High Court in Lagos ordered Providus Bank to transfer back the remaining balance of N329,454,650.28 alleged to have been fraudulently transferred from the account of one …
Read More »Nigeria now exporting rice – Emefiele
Emefiele, CBN governor Godwin Emefiele, governor of Central Bank of Nigeria (CBN) has said the bank under his watch has taken major steps to diversify the economy away from largely oil-based economy through its numerous interventions, such that the country has moved from depending on rice importation to being an exporter …
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