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The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

CBN appoints KPMG as InfraCorp’s transaction adviser portfolio

The Central Bank of Nigeria (CBN) has appointed KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria Limited (InfraCorp).
Parma and Spezia have become the most recent Italian clubs to pass into US ownership with more than a quarter of Serie A outfits now in the hands of north American owners.

US investors bet on Serie A’s return to glory days

Parma and Spezia have become the most recent Italian clubs to pass into US ownership with more than a quarter of Serie A outfits now in the hands of north American owners.
Nigeria Naira

Odua Investment: Southwest GDP worth over $80 billion

With a population of over 40 million people, the South West Gross Domestic Product (GDP) is estimated to be worth over $80 billion.
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.

Nigerian government seeks asset manager for N15tn InfraCo fund

The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth.
Nigerian National Petroleum Corporation (NNPC)

Official: NNPC not owing federation account N3.8 trillion

The Nigerian National Petroleum Corporation, (NNPC), has said that contrary to reports that it is owing the Federation Account the sum of N3.8 trillion, it is the Federation Account and Allocation Committee (FAAC) that’s owing it the sum of N787 billion from over draft.
Local media reports say Bill Michael told employees during an online meeting to stop moaning about possible cuts of wages, pension claims and bonuses.

KPMG chief resigns for insulting staff

The head of the audit company KPMG in Britain resigned on Friday, the firm confirmed to dpa, after he told his staff to stop complaining about cuts in the pandemic.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: Methanol gas project will create 30,000 jobs

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the upcoming integrated methanol and gas project would create 30, 000 direct and indirect jobs in the country.

Fidelity Bank to raise N75 billion through bond sale

Fidelity Bank Plc has started to raise N75 billion to support small and medium enterprises (SMEs), retail business as well as investments in technology and infrastructure. The financial institution is issuing N75 billion Series 1, 10 year Fixed Unsecured subordinated bonds under its N100 billion bond issuance programme. The offer opened on Monday December 7 and is expected to close on Monday December 14, 2020.
Prominent businessman and former presidential aspirant, Chief Harry Ayoade Akande, is dead. He was aged 77.

Prominent businessman Harry Akande passes on at 77

A statement issued by his son, Mr. Olumide Akande, on behalf of the family said he died in the early hours of Saturday following a brief illness.
Ifueko Omoigui Okauru

Ifueko Okauru: How we reformed FIRS, grew Nigeria’s revenues

Between 2004 and 2012, Ifueko Omogui Okauru led a revolutionary campaign in the Federal Inland Revenue Service (FIRS). Under her leadership during the period, FIRS witnessed extensive reforms and fundamental transformation.
Mr Ganguly Soumobroto, Chief Executive Officer (CEO) of Cars45, on Friday said the company acquired Nigeria’s largest online used cars market to upscale the business to international platform.

OLX Group explains why it acquired Cars45

Mr Ganguly Soumobroto, Chief Executive Officer (CEO) of Cars45, on Friday said the company acquired Nigeria’s largest online used cars market to upscale the business to international platform.
Nigeria’s Private Sector led Coalition Against COVID-19, CACOVID, yesterday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to vulnerable Nigerians.

CACOVID: Looted palliatives awaiting distribution

Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained.

Major banks moved vast sums of illicit money – investigation

Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.

Deloitte fined £15 million over auditing failures at autonomy

Accountancy giant Deloitte failed to properly audit the accounts of software giant Autonomy ahead of its 11 billion-dollar sale to Hewlett Packard almost a decade ago, the accounting regulator has found.

BPE: No job losses in NIPOST reform

Mr. Alex A. Okoh, Director General of the Bureau of Public Enterprises (BPE), has assured workers of the Nigerian Postal Service (NIPOST) that the on-going reform of the postal service will not attract job losses or retrenchment but will rather create more jobs in the subsidiaries that would emerge after the reform.

Bank holds business clinic for education sector

First Bank of Nigeria Limited will this week hold a Business Clinic to promote the growth and sustainability of the educational sector, especially in the light of the coronavirus which is having an adverse effect on the operations of school across the world.
The Chinese Embassy in Nigeria has lambasted Oby Ezekwesili, a former Minister of Education, for demanding compensation from China over the Coronavirus pandemic.

Former Nigerian minister appointed to IBFD board of trustees

IBFD, the world’s foremost authority on cross-border taxation, has announced the appointment of Dr Oby Ezekwesili to its Board of Trustees, effective from 1 April 2020.
(FILES) In this file photo taken on December 25, 2012 Britain’s Prince Andrew, Duke of York, leaves following the Royal family Christmas Day church service at St Mary Magdalene Church in Sandringham, Norfolk, in the east of England, on December 25, 2012. – Britain’s Prince Andrew has said on August 18, 2019 he was “appalled” by allegations of sexual abuse surrounding Jeffrey Epstein after a video was released purporting to show him at the home of the convicted paedophile in 2010. (Photo by LEON NEAL / AFP)

Paedophilia: Australian universities cut ties with Britain’s Prince Andrew

Two Australian universities severed ties with a charity founded by Prince Andrew Wednesday, after the British royal refused to recant his friendship with late sex offender Jeffrey Epstein.
Senator Godswill Akpabio

Senator Akpabio consults PwC, KPMG over forensic audit of NDDC

There were indications at the weekend that the presidency may have tasked Senator Godswill Akpabio, Minister of Niger Delta Affairs, with securing the services of a reputable accounting and auditing firm to look into the accounts of the Niger Delta Development Commission (NDDC) between 2000 and 2018.

NITDA: Digital economy‘ll make Nigeria compete globally

The Director General of the National Information and Technology Development Agency, NITDA, Kasheem Inuwa, says the digital economy when implemented will make Nigeria globally competitive.

FCMB pledges enhanced service delivery

First City Monument Bank (FCMB) has restated its commitment to attain the highest level of customer advocacy by leveraging on its solid business models, bespoke solutions, excellent service delivery, highly professional staff and technology to turn the aspirations of its customers to opportunities.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Governor Abiodun: Living in fear in a country kills the economy

Governor Dapo Abiodun of Ogun State, weekend, said that when citizens begin to live in fear in their country or state, it will have adverse effect on the economy of the country.

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The allegation of marginalisation against Governor Udom Emmanuel by the Oro Think Tank is unfair and has no basis in objectivity, the Akwa Ibom State branch of the Civil Liberties Organisation, CLO, has declared.

Akwa Ibom wins CIRDDOC 2020 best budget transparency award

In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey.
The Special Adviser to Governor Sanwo-Olu on Education, Barrister Tokunbo Wahab, inaugurated the board.

Lagos inaugurates six-man governing board for alternative high school for girls

Lagos State Government has inaugurated a six-member Governing Board for Alternative High School for Girls In Aboju area of the state.
FILE PHOTO - A view of the Natanz uranium enrichment facility 250 km (155 miles) south of the Iranian capital Tehran, March 30, 2005. REUTERS-Raheb Homavandi

Iran says 60% enrichment meant to show nuclear prowess, is reversible

Iran began enriching uranium to 60% purity in order to show its technical capacity after a sabotage attack at a nuclear plant, and the move is quickly reversible if the United States lifts sanctions, the Iranian government said on Tuesday.

NAPTIP calls for effective counter-trafficking policies, ideas to tackle human trafficking

The Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Imaan Sulaiman Ibrahim, has called for effective counter - Trafficking policies and ideas to tackle the manace of human trafficking.

2023: Kingsley Moghalu urges young people to join politics

A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has asked young people in Nigeria to actively participate in politics and help reshape the future of the country.

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Actions ultimately speak louder than words, and Neymar showed his class on Tuesday night after Paris Saint-Germain progressed to the Champions League semi-finals at Bayern Munich’s expense.

Neymar opens up on controversial celebration

After the final whistle, Neymar was captured celebrating euphorically right in front of Bayern’s Kimmich, who had been vocal about his side’s ability to potentially overcome PSG ahead of the second leg despite their first-leg defeat, but the Brazil star has since insisted he was not trying to mock his opponent.
National Bureau of Statistics NBS

NBS: States IGR fell to N1.31 trillion in 2020

The National Bureau of Statistics disclosed in its report on ‘Internally Generated Revenue at state level for fourth quarter and full year 2020’.

Rainstorm destroy properties in Osun community

Properties worth millions of naira were destroyed by a rainstorm in different parts of Ipetumodu, headquarters of Ife-North Local Government Area of Osun State at the weekend.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Security chiefs: Ramadan an opportunity for revival of moral values

Kwara State Commissioner of Police and Comptroller, Nigeria Customs Service, Kwara State Command, Mohammed Bagega and Ahmed Bello, respectively, have made case for the revival of the decaying cultural values in Nigeria.
Liverpool manager Jurgen Klopp has hailed Leeds United’s fearless approach under coach Marcelo Bielsa and warned his players of the unique challenges the Yorkshire outfit pose, unlike any other team in the Premier League.

Jurgen Klopp hits back at Gary Neville over his Liverpool Super League rant

Jurgen Klopp launched an astonishing rant at Gary Neville for his comments about Liverpool’s European Super League plans.