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The Speaker of the Lagos state House of Assembly, Rt. Hon. Mudashiru Obasa, on Friday, said the potentials embedded in sports have been highly underestimated in Nigeria.

Lagos assembly approves governor’s request for N85 billion bond

The Lagos State House of Assembly has approved Governor Babajide Sanwo-Olu’s request of ₦ 85 billion special dispensation for bond redemption as well as ₦85 billion for bridge loan for a quarter.
Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.

Nigeria’s imports from China soar, exceed other major trading partners

Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.
Auwal Ibrahim Musa Rafsanjani

CISLAC raises concerns over Nigeria’s debt profile, coronavirus accountability

The Civil Society Legislative Advocacy Centre (CISLAC), has expressed concerns over $2.18 billion foreign loan request to the Nigerian Senate to fund the 2021 Appropriations Act, by President Muhammadu Buhari.
French President Emmanuel Macron, Sudan's Prime Minister Abdalla Hamdok and Sudan's Sovereign Council Chief General Abdel Fattah al-Burha attend the International Conference in support of Sudan at the Temporary Grand Palais in Paris, May 17, 2021

Sudan clears final hurdle for debt relief at Paris conference

International Monetary Fund member countries have agreed to clear Sudan’s arrears to the institution, France’s president said on Monday, removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion.

IMF approves financing plan of debt relief to Sudan

The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan.
Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.

Zenith, Access Banks express interest to acquire Union Bank

Two Nigerian lenders – Zenith Bank Plc and Access Bank Plc – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group.

First Bank pledges to cooperate with CBN

First Bank of Nigeria Limited on Friday embraced the board changes effected by the Central Bank of Nigeria (CBN), just as the financial institution disclosed that Dr. Adesola Adeduntan has resumed as Managing Director/Chief Executive Officer.
The Chief Executive Officer (CEO), First Bank of Nigeria Limited, Adesola Adeduntan, has said the introduction of FirstGem, a female-focused product by the bank has contributed to the development of the Nigerian economy.

Adesola Adeduntan resumes as FirstBank chief

First Bank of Nigeria on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN sacks all First Bank directors — statement

The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd (FBN) and the related regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions.
2. Shareholders of FCMB Group Plc (www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value

AGM: Shareholders applaud FCMB, approve dividend of N2.97 billion

Shareholders of FCMB Group Plc (www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value.
Security forces in the Republic of Congo were casting their ballots on Wednesday ahead of presidential elections in which veteran leader Denis Sassou Nguesso is frontrunner.

Congo Republic’s president promises to improve business climate as he starts new term

Congo Republic's President Denis Sassou Nguesso pledged to reform and simplify business and tax laws to help boost economic growth as he was sworn in on Friday, prolonging his 38-year reign over the central African oil producer.
ActionAid Nigeria (AAN)

ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile

A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
Alhaji Munir Sanusi, the chief of staff to the Emir of Kano, has confirmed the receipt of the query issued to Emir Muhammad Sanusi II by the Kano state government.

Mallam Sanusi advocates debt relief for Nigeria

A former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has advocated debt relief for Nigeria as it mounts, saying the debt-to-Gross Domestic Product (GDP) ratio is a useless way of measuring debt sustainability.
Chad's President Idriss Deby arrives to attend a summit on the situation in the Sahel region in the southern French city of Pau, France, January 13, 2020. REUTERS-Regis Duvignau-File Photo

Chad’s Idriss Deby: I know in advance that I will win

Chad’s President Idriss Deby, an ally of Western nations in the fight against Islamist militants, is poised to extend his three-decade rule in Sunday’s election despite mounting signs of popular discontent with his leadership.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF, World Bank advocate flexible fiscal support, debt relief

Against the backdrop of a pandemic impacted global and national economies, the International Monetary Fund (IMF) and World Bank have urged fiscal authorities to execute flexible and supportive fiscal policies to support economic recovery and cushion the long-term impact of the pandemic.
World Bank Group President David Malpass

Nigeria to benefit as G-20 approves extension of debt relief

Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021.
World Bank Group President David Malpass

G-20 countries mulls extension of debt service freeze till December

World Bank president David Malpass says G-20 countries may extend debt service suspension till December.
Sudan’s Finance Minister Jibril Ibrahim said clearance of the arrears would enable the country to secure financing from the World Bank Group and other multilateral institutions and move forward with transformative development projects.

Sudan closer to debt relief with U.S. loan to clear World Bank arrears

Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily indebted African country closer to a much-needed international debt-relief package, the World Bank, U.S. Treasury and IMF said on Friday.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB to support vaccines production in Africa

The African Development Bank is to support African countries to produce required vaccines within the continent, in the fight against the COVID-19 pandemic.
Workers of the University of Calabar Teaching Hospital (UTCH) in Cross River State have protested the non payment of their eighteen (18) month salary.

N68 million contract debt: Court begins pre-trial against UCTH management, admits 17 exhibits

High Court sitting in Calabar has admitted 17 exhibits against Management of University of Calabar Teaching Hospital over unsettled debt which the hospital owed one of its contractors, Obi Achara Ltd and Anor, after executing a N68m contract for the hospital since 2016.
Debt Management Office (DMO)

DMO clears air on 2018 N2.1 trillion debt service

The Debt Management Office (DMO) has explained that the N2.1 trillion allocated for Debt Service in the 2018 federal government budget was paid directly to the creditors by the Office of the Accountant-General of the Federation (OAGF).
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: Nigeria won’t stop borrowing

Notwithstanding Nigeria owing $86.39 billion (N32.9 trillion) to external creditors, the nation will continue to borrow to finance infrastructural development, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said yesterday.

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A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Police arrest 15 ‘cultists’ in Akwa Ibom

The Police Command in Akwa Ibom said it arrested 15 suspected cultists in Eket Local Government Area of Akwa Ibom.
UEFA president Aleksander Ceferin can see “no way” that Liverpool could finish the season without the Premier League title.

UEFA scrap away goals rule in club competitions

UEFA has abolished the away goals rule for all of its club competitions from next season.
Super Eagles striker, Victor Osimhen, is warming-up his engine in Lagos by playing regularly with local footballers in the community.

Osimhen aims to return to Napoli in top shape, keeps fit with local footballers

Super Eagles striker, Victor Osimhen, is warming-up his engine in Lagos by playing regularly with local footballers in the community.
Aston Villa captain, Jack Grealish, has called on the Premier League to continue.

Manchester City to confirm Jack Grealish transfer after Euro 2020

Jack Grealish's stock in the footballing world has been on the rise for quite some time now.
BBNaija reunion on Thursday night witnessed a brawl as two female housemates, Kaisha and Lucy, engaged in a physical fight.

BBNaija: Kaisha and Lucy get physical at reunion

BBNaija reunion on Thursday night witnessed a brawl as two female housemates, Kaisha and Lucy, engaged in a physical fight.

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A 24-year-old woman, Abibat Kehinde, has been abandoned at Epe General Hospital, Lagos State, over N131,000 unpaid bills, three months after she gave birth to twins at the hospital.

Commercial motorcyclist abandons wife at Lagos hospital after giving birth to twins

A 24-year-old woman, Abibat Kehinde, has been abandoned at Epe General Hospital, Lagos State, over N131,000 unpaid bills, three months after she gave birth to twins at the hospital.

One million households to benefits Nigerian government’s coronavirus intervention in Plateau

Plateau State Coordinator of State Operation Coordinating Units (SOCU), Kenneth Isah, said over one Million households in Plateau State captured on Rapid Response Register (RRR) would benefit Federal Government N5,000 monthly intervention to cushion the economic effect of COVID-19.
Antonio Guterres

U.N. chief Antonio Guterres appointed for second term

United Nations Secretary-General Antonio Guterres was appointed for a second five-year term on Friday by the 193-member U.N. General Assembly.
The suspect, Danladi Abubakar, said to belong to a notorious phone snatching gang, was arrested by police detectives of the Gwagwalada Division and found to be in possession of one sharp knife used for stabbing his victim and one Tecno mobile phone belonging to the deceased woman who is yet to be identified.

Police arrest phone thief who murdered his female victim

The Federal Capital Territory (FCT) Police Command has arrested a man who robbed and killed his female victim after snatching her mobile phone at...
The Minister of Interior, Rauf Aregbesola, has instructed the Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, to return Nigeria back to the olden days when people could travel freely on the roads.

NSCDC: Inadequate manpower hinders agro rangers’ operations

The Nigeria Security and Civil Defence Corps (NSCDC)’s Agro Rangers’ productivity has been slowed down due to several challenges confronting the unit, notwithstanding its marked performance.