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Finance Act will lift insurance sector’s contribution to GDP – NIA chief

Director General of the Nigerian Insurers Association (NIA), Mrs. Yetunde Ilori, has said that the new Finance Act 2020 will improve the insurance industry contribution to the Gross Domestic Product, GDP, in Nigeria.

Official: Illegal connection, meter bypass major challenges of KEDCO

Alhaji Jamilu Gwamna, the Managing Director, Kano Electricity Distribution Company (KEDCO), has described illegal connection and meter bypass as the major challenges bedeviling the operation of the company in its franchise areas of Kano, Katsina and Jigawa.

Bushfire triggers prolonged blackout at Port Harcourt airport

Port Harcourt International Airport has been thrown into darkness following a bush fire that engulfed part of the airport’s surrounding bushes on Tuesday, an official said.

Eko Disco to begin new VAT rate on meters from February 1

Eko Electricity Distribution Company has announced that the prices of meters sold to customers under the Meter Asset Provider scheme would be reviewed upward from Feb. 1.

Port Harcourt Disco to begins 7.5% VAT February

Port Harcourt Electricity Distribution Company (PHED) will on Feb. 1 begin the implementation of 7.5 per cent Value Added Tax (VAT) to customers in four states.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Our economy big enough for bigger capital market

The Acting Director-General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Nigeria’s economy is big enough to accommodate a bigger and more attractive capital market.
The National Identity Management Commission (NIMC) says it has over 700,000 National e-ID cards yet to be collected by Nigerians from its offices nationwide.

NIMC orders enrollment centers to give priorities to 2020 UTME applicants

The National Identity Management Commission (NIMC) has ordered all enrolment centres nationwide to give preference to intending applicants for the 2020 Unified Tertiary Matriculation Examination (UTME)/Direct Entry (DE) examinations, for enrolment and issuance of National Identification Number (NIN).

FAAN reads riot act to agencies, individuals on protocol activities at airports

In what seems like a riot act to other agencies and individuals operating at the nation’s airports, the Federal Airports Authority of Nigeria (FAAN) has warned against unwarranted escort of passengers at airports.

Dakuku Peterside: Active women participation key to growth of maritime industry

The Director-General, DG, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside, says active women participation is fundamental to the growth of the maritime industry.
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Passenger jailed for smoking on board Air Peace flight

A passenger who was caught smoking onboard Air Peace flight P4 7558 of December 11, 2019, from Sharjah – Lagos, has been found guilty by an Ogba Magistrate Court and sentenced to two weeks imprisonment with the option of paying 200,000 Naira as a fine.

N135 billion debt: AMCON faults Senator Ubah’s claims

The Asset Management Corporation of Nigeria (AMCON) on Thursday presented what it described as the ‘correct account’ in the case between the corporation and Senator Ifeanyi Ubah over alleged N135 billion bad debt.

Nigerians urged to be culture ambassadors

President, Fertilizer Producers Association of Nigeria, Thomas Etuh, has called on Nigerians to be culture ambassadors.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

MAP: Abuja Disco installs 50,000 meters despite investors’ tussle

The Abuja Electricity Distribution Company on Wednesday announced that it had installed 50,000 meters since the commencement of the Meter Assets Provider regulation six months ago.
The Federal University of Technology, Akure (FUTA) has renamed its Postgraduate Hall after Senator Joseph Waku, the late Pro-Chancellor and Chairman of the Governing Council of the institution, who died on February 3, 2019.

FUTA expels six students found culpable in physical bullying of their mate

The expulsion is, according to a statement signed by Adegbenro Adebanjo, Deputy Director, Corporate Communications, sequel to the recommendation of the University Disciplinary Panel which probed the incident that took place in an off campus hostel on Saturday, November 16, 2019 and adjudged them culpable of gross misconduct and breach of the University Matriculation Oath.
Mary Uduk

SEC assured on development of vibrant commodities trading ecosystem

The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development.
President Muhammadu Buhari, on Friday, approved the re-appointment of Aliyu Aziz, Director-General, National Identity Management Commission, (NIMC) for a second term.

President Buhari re-appoints NIMC chief for second term

President Muhammadu Buhari, on Friday, approved the re-appointment of Aliyu Aziz, Director-General, National Identity Management Commission, (NIMC) for a second term.

FUTA suspends six students for bullying colleague

Authorities of Federal University of Technology in Akure (FUTA), Ondo State have suspended six students for bullying of a female student in one of the off-campus hostels on Saturday.
The Federal University of Technology, Akure (FUTA) has renamed its Postgraduate Hall after Senator Joseph Waku, the late Pro-Chancellor and Chairman of the Governing Council of the institution, who died on February 3, 2019.

FUTA suspends students for beating female schoolmate

The Federal University of Technology, Akure, FUTA, has suspended students involved in the bullying of their female schoolmate in one of the off campus hostels on Saturday, Adegbenro Adebanjo, Deputy Director, Corporate Communications of the institution said on Sunday.

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NBC: Federal government not out to gag Nigerians

The National Broadcasting Commission (NBC), has said the new broadcasting regulations were not intended to gag Nigerians from expressing their views.

141 hospital staff investigated for giving free medicals to friends

Some 141 doctors and paramedics at a public hospital in Rome have been charged with fraud for giving free medical tests to friends and family evading regional taxes, police said on Friday.

Forex: Central bank injects $292.34 million, CNY 22.8 million into Retail SMIS

The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
Kwara State Governor Abdulraham Abdulrazaq

Kwara state-owned newspaper gets acting general manager

A new acting General Manager has been appointed for the Kwara State Printing and Publishing Corporation (The Herald Newspapers).

Imo renames college after late Senator Uwajumogu

The Imo State government has renamed the Imo State College of Education, Ihitte Uboma after the late Senator Benjamin Uwajumogu as a way to mortalizing him for his service to the state.