Repayment

The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP).

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).

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for 2020, recording a revenue of $530.5 million.

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.

A group within People’s Democratic Party from Oke-Ogun, ‘PDP Oke-Ogun Agenda’ has kicked against the attempt of some cabals in governor Makinde’s government who are trying to maneuver the governor to give out an order for a selection of candidates for forthcoming local government election in Oyo state.

Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other players in the agricultural value chain.

The managing director/CEO of Sterling Bank Plc, Mr Abubakar Suleiman, has called for a review of Nigeria’s educational system so as to make it relevant to current and future human capital requirements in the country.

The Bauchi State chapter of the Rice Farmers Association of Nigeria (RIFAN) has urged the Federal Government to introduce additional measures that will enhance rice production and processing in the country.

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.

Lagos State Governor, Mr. Babajide Sanwo-Olu has directed the state Commissioner of Police, Hakeem Odumosu to institute an investigation into the harassment of some protesters who were arrested during last Saturday’s botched protest at the Lekki Tollgate.

The Lekki Concession Company (LCC) on Monday said it owes local and foreign lenders N11.6 billion and $31.1 million respectively.

The Chairman, Council of Pro Chancellor of State Universities in Nigeria (COPCSUN), Mallam Yusuf Olaolu Ali (SAN), has tasked stakeholders in Nigerian education system to stop paying workers salaries while on strike, as being...

The ECOWAS Court of Justice on Friday ordered the Cross River Government to repay the sum of US$6,455,846 to the ECOWAS Bank for Investment and Development (EBID).

The Ekiti State Commissioner for Agriculture, Olabode Adetoyi, said yesterday that the state government had begun the implementation of the state anti-grazing law with a view to avert farmers’ herders crisis and as well ensure security of lives and property.

Nasarawa State Commissioner for Finance, Budget and Planning, Haruna Adamu Ogbole, yesterday disclosed that the state was currently indebted to over N50 billion.

Ogun State Governor, Dapo Abiodun, has called on Nigerians to shun calls for division, insurgency, banditry and all inter-ethnic, religious and politically motivated wranglings capable of disintegrating the country.

A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company.

Former Ghana FA (GFA) president Kwesi Nyantakyi admitted to having breached several codes of Fifa’s ethics when his appeal was heard at the Court of Arbitration for Sport (Cas).

The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) have signed an agreement on $30 million working capital scheme that will support the operations of oil companies against the adverse effects of Covid-19 pandemic and loss of contracts due to low oil prices.

On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.

In a speech while presenting the houses to the management of the institution on Monday, Zulum said his administration would also liaise with a micro finance bank to assist academic and non-academic members of staff of the university to own houses in Maiduguri.

A middle-aged businesswoman, Nkechi Opara, on Thursday appeared before the Chief Magistrates’ Court in Ikeja for allegedly defrauding a microfinance bank of N860,000.