Beware, DSS not recruiting – Spokesman

The Department of State Services says it is not currently recruiting and therefore cautions  the public against falling into the hands of fraudsters. Dr. Peter Afunanya, Public Relations Officer of the service, made this known in a statement on Tuesday in Abuja. Afunanya said the clarification became necessary following desperate …

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NERC says tariff increase not for low-income areas

The Nigerian Electricity Regulatory Commission (NERC) says the new electricity tariff increase will not affect low-income areas with lesser energy supply. The commission was reacting to reports of the new increase in tariff from January 1. In a series of Twitter post, the NERC said the tariff for customers on …

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Court jails ex-Finbank MD over N10.9bn fraud

Lateefa Okunnu, judge of the Lagos state high court sitting in Ikeja, on Tuesday, convicted and sentenced Okey Nwosu, a former managing director, Finbank Plc, to three years imprisonment over N10 billion fraud. The Economic and Financial Crimes Commission (EFCC) had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma …

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Zenith Bank loses director to COVID-19

Zenith Bank Plc has announced the death of one of its directors, Prof. Oyewusi Ibidapo-Obe. According to a regulatory filing by the lender to the Nigerian Stock Exchange, the late professor joined the bank in 2016 as an independent non-executive director. The statement read in part, “He was a distinguished …

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FG seeks more MSME participation in N75bn fund

President Buhari The Federal Government has said it wants more micro, small and medium enterprises (MSMEs) to participate in its N75 billion economic recovery and stimulus programme in order to grow their respective businesses. Minister of Industry, Trade and Investment, Adeniyi Adebayo who made the request on Monday, called on …

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