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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 …

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 …

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 …

…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 …

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 …

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 …

The Nigeria Customs Service has suspended Guarantee Trust Bank Limited (GTBank) from collection of duties on imported cargoes at Nigerian ports following an order from the National Assembly.   The development has led to tons of cargoes being trapped at the port since Monday because freight forwarders could not complete …

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 …

The dismissed soldiers The Nigerian Army has dismissed two soldiers attached to 241 Recce Battalion, Nguru, Yobe State, after finding them guilty on two-count charge of failure to perform military duties, and conduct to prejudice of service discipline. Lt. Col. Ibrahim Abdullahi Osabo, acting Commanding Officer of the Battalion, said …

The management of Air Peace says its flight P47154 Lagos to Owerri on August 27, 2022, had a bird strike, few minutes to landing. The airline confirmed the incident in a statement on Saturday and explained that the crew decided to return to Lagos airport as a precautionary measure in line …