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EFCC charges two bank staff over N197.2 million fraud
The Economic and Financial Crimes Commission (EFCC), has slammed a 21-count charge against two female staffers of Access Bank Plc.
Developers vow to tackle housing deficit to reflate economy for emerging markets
Developers of the Eko Atlantic City Project have described the need to tackle housing deficit in Nigeria by bridging the Gap with infrastructure project to address the complexity of housing deficit problems adding that this would Reflate on the economy and lead the gateway for emerging markets.
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.
LCC decries bank debts, fate of over 500 workers
The Lekki Concession Company (LCC) has again appealed for the understanding of aggrieved youths who are bent on preventing the company from commencing the evaluation of the extent of the damage done to its assets on the night of Tuesday, October 20, 2020, citing the subsisting bank debts and the fate of its over 500 workers as compelling reasons the process ought to begin now.
LCC owes local, foreign lenders N11.6 billion, $31.1 million
The Lekki Concession Company (LCC) on Monday said it owes local and foreign lenders N11.6 billion and $31.1 million respectively.
Britain endorses more foreign direct investments into Lagos
The British Government over the weekend gave a seal of approval for more foreign investments in Lagos, as plans get underway for the take-off of the first waste to energy plant in the State.
Senate confirms Bello Hassan as new NDIC chief
The Senate Wednesday confirmed the nomination of Mr. Bello Hassan as the new Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC).
House of Reps raises concern over five-year unaudited FMBN, TETFUND accounts
The House of Representatives Committee on Public Accounts yesterday expressed dismay over the failure of the Federal Mortgage Bank of Nigeria (FMBN) and Tertiary Education Trust Fund (TETFUND) to audit their accounts for five years, describing it as worrisome and gross violation of the 1999 Constitution (as amended).
Loan: House of Reps uncover N5 billion illegal waivers for Chinese firm
The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm.
FHA: Nigerian government set to provide 900 housing units in Oyo
To meet the yawning housing demands of Nigerians, the Federal Government is set to construct 900 housing units in Ibadan, the Oyo State capital.
Promoter hints of venue for Anthony Joshua vs Tyson Fury showdown
Eddie Hearn has hinted at a possible venue for the long-awaited heavyweight clash between Anthony Joshua and Tyson Fury.
Controversy trails mass impounding of vehicles at Lagos airport terminal
There have been controversies in regards to the rate at which vehicles stopping at the arrival lounge of the Murtala Muhammed Aiport (MM1), also known as the General Aviation Terminal, are impounded by Turas Towing Services, the towing company responsible for enforcing sanctions to violators of airport traffic rules.
Governor Sule: I’m on vacation, not medical tourism
Nasarawa State Governor, Abdullahi Sule has denied allegations that he is currently on medical tourism to the United States, stressing that he is visiting the US to see his children while on his annual vacation.
2023: Why Southeasterners must work hard to clinch Presidency – George Moghalu
The Managing Director (MD) of the National Inland Water Ways (NIWA), Chief George Moghalu, has said that the south Eastern geopolitical zone must work hard to clinch the presidency. Moghalu made the statement in Nnewi,...
NSITF: Claims paid out to accident victims in workplace hits N1 billion
Acting Managing Director/Chief Executive of Nigeria Social Insurance Trust Fund (NSITF) Kelly Nwagha has said claims paid out to employees who got injured in the course of their work schedule is about N1billion.Acting Managing Director/Chief Executive of Nigeria Social Insurance Trust Fund (NSITF) Kelly Nwagha has said claims paid out to employees who got injured in the course of their work schedule is about N1billion.
Official: NPDC the largest gas supplier to domestic market
The Managing Director of the Nigerian Petroleum Development Company (NPDC), Mr Mansur Sambo, says the company is the largest supplier of the domestic gas in the country.
Nigerian government unveils prototype for mass housing scheme
The Federal government yesterday unveiled a prototype of its Mass Housing Scheme at Model House, Dei Dei, FCT, Abuja.
NDDC: Nigeria Delta monarch accuses Senator Akpabio of misleading President Buhari
Former National Executive Chairman, Traditional Rulers of Oil Minerals Producing Communities of Nigeria, TROMPCON, HM (Dr.) Charles Ayemi-Botu, aka Lion of the Niger, Tuesday, lashed out at the Minister of Niger Delta Affair, Obong Godswill Akpabio, saying he was bamboozling President Muhammadu Buhari to destroy the Niger Delta Development Commission, NDDC.
Troops takes over Edo transport service premises over crisis
The ECTS staff had staged a peaceful protest demanding the removal of the Managing Director, Mrs. Edugie Agbonlahor, over alleged non remittance of their pension contributions to the appropriate body.
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.
NPAN elects Kabiru Yusuf as new chairman
Chairman of Media Trust Limited, publishers of Daily Trust, Mallam Kabiru Yusuf, has been elected new president of the Newspaper Proprietors’ Association of Nigeria (NPAN).
Fidelity Bank assures stakeholders of sustained impressive performance
The Managing Director/CEO Designate, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, has assured capital market operators and other stakeholders of sustained impressive financial performance by the bank, noting that the corporate aspirations of the bank will remain the same under her leadership.
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Israeli court limits use of spy agency to track coronavirus cases
Israel’s top court ruled Tuesday the government must curb its use of the domestic spy agency to track coronavirus infections, saying “draconian” surveillance constituted a blow to democracy.
Okomu Oil Palm wants central bank to review anchor borrowers programme
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture.
Minister: Nigerians who received coronavirus vaccines abroad must get tested upon arrival
The minister of state for health, Olorunnimbe Mamora, says Nigerians who have received COVID-19 vaccines abroad will still be required to take polymerase chain reaction (PCR) tests upon arrival in the country.
Fulani group warns members against negative acts as herders flock to Kwara
The Fulani Community Association in Kwara has advised its members to avoid negative tendencies capable of undermining the peaceful coexistence of the state.
Donald Trump says he predicts ‘energy disaster’ for America
Former U.S. President Donald Trump has warned that under the Biden administration, the country’s dependence on foreign oil may increase and energy prices could rise.
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Insecurity: President Buhari, senate president hold talks
President Muhammadu Buhari and Senate President Ahmed Lawan on Monday met behind closed door to chart ways of addressing the spate of insecurity in Nigeria.
Lagos government begins ‘deep refurbishment’ of general hospitals
The Lagos State Government has commenced phased refurbishment and renovation of all general hospitals in the State in line with the current administration’s medical infrastructure blueprint strategy which is aimed at revamping health facilities and make them fit for purpose.
The violence and insecurity affecting Nigeria
The incident is the second such kidnapping in just over a week and the third since December in Nigeria's north, where a surge in armed militancy has led to a widespread breakdown of security.
Minister inaugurates 259 monitors for N-SIP projects in Adamawa
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, has inaugurated training for 259 Independent Monitors to supervise Integrated National Social Investment Program (N-SIP) at community level in Adamawa state.
Tiger Woods transferred to Los Angeles hospital for further treatment
Golf superstar Tiger Woods has been transferred to a Los Angeles medical facility for further treatment, according to a statement Thursday from the hospital where he underwent surgery for serious leg injuries after his car crash.