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Mele Kyari,

NNPC boss: Rising oil prices will create problems for Nigeria

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in the international market could cause major challenges for resource-dependent nations like Nigeria.

CBN chief: Dangote refinery, fertiliser plant to save Nigeria $3 billion annually

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the Dangote Petroleum Refinery as well as its Fertiliser Plant would save the country $3 billion annually, thereby conserving scarce foreign exchange.
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: No bank loans for environment destroyers

Henceforth, any organisation or individual seeking bank loans will provide sufficient evidence that the facility will be channelled into a venture that will not pollute or harm the environment in any way.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Nigerian banks slash dollar-cash deposits to $5,000 monthly

Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
Dangote Cement Industry

Dangote Cement major contributor to senegal’s economy – envoy

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
Dangote Cement

Dangote Cement major contributor to Senegal’s economic development – envoy

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
Aftermath of wanton destruction of lives and properties during #EndSARS protests, Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that Lagos State required a minimum of N1 trillion to reconstruct the wilful extensive damage of properties across the metropolis.

House speaker kicks against banks’ hidden charges, exploitative marketing

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has expressed concern over the way banks charge customers indiscriminately during transactions, saying that apart from charges known to the customers, there appeared to be other ‘hidden’ charges that the banks imposed on their customers.
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).

USSD: House of Reps wade into N42 billion telcos, banks debt tussle

The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data (USSD).
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Nigerian government warns telcos against blocking bank USSD services

The federal government has moved to intervene in the dispute between Nigerian banks and telecommunication companies, directing the latter to suspend its plans to withdraw USSD services from banks.

NDIC: Nigerian banks lost N264.5 billion to fraudsters in four years

The Nigeria Deposit Insurance Corporation (NDIC) has said Nigerian banks lost over N264.5 billion to fraudsters between 2017 and September 2020.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Notore notifies NSE of management changes

Nigeria’s leading agro-allied company, Notore Chemical Industries Plc, has notified the Nigerian Stock Exchange, its shareholders and the general public of changes to its management.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

Energy firms’ bank debts rise to N5.94 trillion

The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019.

Chukwuma Soludo: I received 19 threats during banking consolidation era

The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank.
The Minister of Aviation, Sen. Hadi Sirika, on Thursday received a new aircraft brought by Allied Air at the Nnamdi Azikiwe International Airport, Abuja for the distribution of COVID-19 vaccines across the country.

Nigeria receives new aircraft for coronavirus vaccines distribution

The Minister of Aviation, Sen. Hadi Sirika, on Thursday received a new aircraft brought by Allied Air at the Nnamdi Azikiwe International Airport, Abuja for the distribution of COVID-19 vaccines across the country.
Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.

World Remit aligns with CBN on new dollar account opening

Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
Nigerian Disc Jockey, Catherine Udeh aka ‘DJ Switch,’ has kicked against the decision of the Lagos State Judicial Panel of Enquiry and Restitution for Victims of SARS to hand over the Lekki toll plaza to its owner, the Lekki Concession Company LLC

LCC: Why we need to reopen Lekki Tollgate

The Lekki Concession Company (LCC) said the company needs to reopen the Lekki Tollgate to be able to retain its staff and pay pending debts.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

Crypto ban: Nigerian banks begin deactivation of accounts

Nigerian banks have started blocking accounts of customers involved in crypto transactions, many sources are reporting.
Former Vice-President, Atiku Abubakar has called on the federal government to adopt proactive measures to tackle the second wave of the dreaded coronavirus before things get out of hand.

Atiku Abubakar condemns crypto ban, demands immediate reversal from CBN

Nigeria’s opposition leader Atiku Abubakar on Saturday condemned Friday’s decision to ban cryptocurrencies by the Central Bank of Nigeria.
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.

Nigeria’s central bank vow sanctions against IMTOs still paying remittances in naira

The bank had in December 2020 directed that IMTOs and commercial banks in the country pay beneficiaries of diaspora remittances in foreign currencies, in a bid to deepen the foreign exchange market and create transparency in the administration of diaspora remittances into Nigeria.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

2021: Banks to walk a tightrope amid low revenue environment

Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

Analysts divided over drop in banks’ non-performing loans

Financial analysts are speaking in discordant tones over the 3.5 percent decline in Nigerian banks’ non-performing loans (NPLs) as of the third quarter of 2020 as shown by latest figures from the National Bureau of Statistics (NBS).
Russian President Vladimir Putin on Monday bestowed the national honour of “The Order of Friendship” on Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) in Moscow.

Afreximbank expands trade finance intermediary initiative, lists eight Nigerian banks

The African Export-Import Bank (Afreximbank) has increased the number of its trade finance intermediaries (TFIs) to more than 65 in 30 African countries.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

‘Armed robbers’ involved in ghastly motor accident in Ogun

Three suspected armed robbers on Saturday were involved a ghastly motor accident at Ode-Remo, Ogun State, while escaping with a car they allegedly snatched at gunpoint.

Russians nationals detained in Chad desert say they are tourists

A group of Russians detained by the police in a part of northern Chad where the army has been battling a rebel invasion from Libya said on Wednesday that they were tourists who had come to sightsee in the Sahara Desert.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate vows to expose MDAs refusing to account for public funds

President of the Senate, Ahmad Lawan, has said that the upper chamber will publish the names of government agencies that have refused to appear before the Public Accounts Committee to defend the interrogations of the Auditor-General for the Federation in the 2015 report.
Governor ‘Seyi Makinde of Oyo State has addressed the issues surrounding the strike action by some state-owned tertiary institutions, declaring that the state will resolve the matter within the month.

Oyo governor urges council chiefs to strengthen intelligence gathering in their areas

Gov. Seyi Makinde of Oyo State has urged local government chairmen in the state to upscale intelligence gathering in their respective council areas.
Super Eagles coach Gernot Rohr was present at the first training session of selected Nigeria Professional Football League players in Abuja on Wednesday.

Super Eagles coach joins NPFL stars in training ahead of Mexico friendly

Super Eagles coach Gernot Rohr was present at the first training session of selected Nigeria Professional Football League players in Abuja on Wednesday.

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The Minister in charge of First Baptist Church, Gwagwalada, Abuja, Reverend Deji Oyelami, has advised Christian fathers to be steadfast in prayers and supplication to God to enable them to overcome all challenges.

Father’s Day: Cleric charges fathers to be steadfast in prayers

The Minister in charge of First Baptist Church, Gwagwalada, Abuja, Reverend Deji Oyelami, has advised Christian fathers to be steadfast in prayers and supplication to God to enable them to overcome all challenges.
Operatives of the Lagos Zonal Office of Economic and Financial Crimes Commission, EFCC, have arrested two suspected fraudsters, Konne Israel Barieeba and Osuji Miracle Obieze, for obtaining money by false pretence to the tune of N768, 585, 000. 00 (Seven Hundred and Sixty-eight Million, Five Hundred and Eighty-five Thousand Naira).

EFCC arrests two for ‘N768.5 million fraud’

Operatives of the Lagos Zonal Office of Economic and Financial Crimes Commission, EFCC, have arrested two suspected fraudsters, Konne Israel Barieeba and Osuji Miracle Obieze, for obtaining money by false pretence to the tune of N768, 585, 000. 00 (Seven Hundred and Sixty-eight Million, Five Hundred and Eighty-five Thousand Naira).
Vice President Yemi Osinbajo has expressed optimism that the current clouds and travails covering Nigeria would give way to a glorious and bright new nation.

VP Osinbajo assures OPS of improved business climate

Vice President Yemi Osinbajo has promised that the federal government will continue to interact and engage with the Organised Private Sector (OPS) in the country, with a view to improving the Nigeria’s business climate, knowing fully that the sector is the real engine room of growth and development.
The Chairman of the Nigerian Governors’ Forum and the Governor of Ekiti State, Dr. Kayode Fayemi, has admonished the President, National Association of Nigerian Students (NANS), Comrade Sunday Asefon not to betray the confidence reposed in him by the entire students’ body.

Ekiti governor: Ethnic bigotry fueling insecurity, secessionist agitation

Ekiti State Governor, Dr. Kayode Fayemi, has blamed security challenges nationwide on the growing embers of ethnic and religious bigotry that has become prevalent in the country.
election inec nigeria

Voter apathy characterise Kaduna bye-election

Low turnout of voters has characterized Saturday’s State Assembly bye-election in Sabin Gari constituency of Zaria town in Kaduna state.