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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.

Official: 3.8 million farmers benefit from CBN Anchor Borrowers’ Programme

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

Seplat releases full year audited result, to pay dividends

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 company has given out cheques of N90,000 each to no fewer than 35 students of tertiary institutions from about 20 host communities in three local government areas where it operates in Edo.

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.

Oyo council poll: Selection of candidates for election is disastrous, against our party constitution...

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

Stanbic IBTC offers low-interest agric loans

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.

Nigerian bank chief calls for review of educational reforms

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.

Nigerian government urged to introduce additional measures on rice production, processing

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 Lagos State Government has hinted of intensive efforts being made to abort the planned #OccupyLekkiTollGate protest as well as a competing #DefendLagos rally.

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.
Babajide Olusola Sanwo-Olu (born June 25, 1965) is a Nigerian politician and the current Governor of Lagos State.

Lagos governor orders probe into ‘brutalisation’ of Lekki tollgate protesters

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.
LCC

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.
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 done in developed countries of the world in order to reset the nation’s collapsed education to achieve its desired goals.

COPCSUN chairman: Principle of ‘no work no pay’ should apply to lecturers, others in...

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...

Tinapa: ECOWAS Court orders Cross River government to pay $6.5 million debt

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.

Ekiti begins implementation of anti-grazing law

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 Governor, Abdullahi A. Sule

Nasarawa debt hits N50 billion – official

Nasarawa State Commissioner for Finance, Budget and Planning, Haruna Adamu Ogbole, yesterday disclosed that the state was currently indebted to over N50 billion.
The executive governor of Ogun State, Dapo Abiodun has urged Nigerian students, irrespective of religious affiliation, to continue working for the unity, peace, and progress of the country.

Osun governor: Nigerians must shun calls for division, inter-ethnic wranglings

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.
Tunde Ayeni

Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions...

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 supremo admits wrongdoing during Fifa ban appeal

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).

NCDMB, PETAN sign $30 million agreement to ameliorate contract losses

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.

Nigerian government seeks new Eurobond

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.
Babagana Zulum, governor of Borno state, says he is critical of the Nigerian army so that they can improve in their fight against insurgency.

Borno government donates 50 housing units to university junior staff

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.
Prosecutors failed to attend Tuesday’s hearing at the federal high court in Lagos, having previously failed to present some of their witnesses in a case that had been adjourned on several occasions.

Lagos businesswoman in court for ‘bank fraud’

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.

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Justice Oluwatoyin Ipaye of an Igbosere High Court in Lagos on Friday discharged and acquitted one Niyi Oyelami charged with defiling a nine-year-old daughter of his neighbour.

Witness: Lagos indigenes alerted EFCC on scholarship fraud

The Economic and Financial Crimes Commission (EFCC) on Monday said that Lagos indigenes alerted it about the alleged N127 million fraud at the Lagos State Scholarship Board.
Former Jigawa State Governor Sule Lamido

Sule Lamido: APC has no vision

The former Governor of Jigawa State, Alhaji Sule Lamido, has alleged that the ruling All Progressives Congress (APC) has no vision.

5,000 Nigerian refugees repatriated from Cameroon

Nigerian refugees who fled to Cameroon due to Boko Haram insurgency began returning to their homeland on Monday in a voluntary repatriation process, an official said.
Managing Director of Aero Contractors, Captain Ado Sanusi, yesterday faulted the claims that the disputed Bombardier Dash 8 Q300 jets were stolen at the Lagos airport.

NDLEA nabs drug trafficker, recovers three cocaine parcels

NDLEA operatives have arrested a drug trafficker at the Murtala Mohammed International Airport, Lagos, with three parcels of cocaine concealed in a false bottom in his suitcase.
Nigeria forward Paul Mukairu is open to staying with Belgium Pro League club Anderlecht on a permanent basis.

Jose Mourinho urges Tottenham to sign Paul Mukairu

Tottenham Hotspur manager Jose Mourinho hopes the club act quickly and secure the services of Anderlecht loanee Paul Mukairu .

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Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq made the announcement during a meeting with Governor Abdullahi Sule.

2,700 Akwa Ibom women benefit from federal government’s special grant

The minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has advised Nigerian women not to regard the N20, 000 special grant given to the rural woman by the federal government as the fabled national cake.
Cross River State Governor, Sir Ben Ayade, (5th R) with Senate Committee on PIB led by the committee chairman Senator Mohammed Sabo (4th R), Former Governor of Benue State, Dr. Gabriel Suswanl (2nd L) and other committee members, during a visit to Government House Calabar

Governor Ayade: PIB must address delisting of Cross River as oil producing state

Cross River State governor, Prof Ben Ayade, has tasked National Assembly to handle related Petroleum Industry Bill, PIB, and other issues related to the bill with circumspection to avoid contentions that are likely to trail its ultimate passage into law.
President Muhammadu Buhari has decorated the Chief of Defence Staff (CDS), Lucky Irabor, with his new rank of four-star General, and the three service chiefs as three-star Generals. Others decorated on Friday by President Buhari at the Council Chambers of the Presidential Villa, Abuja were Lieutenant-General Ibrahim Attahiru, Chief of Army Staff; Vice Admiral Awwal Zubairu, Chief of Naval Staff; and Air Marshal Ishiaka Oladayo Amoo, Chief of Air Staff.

Women’s Day: Presidency releases checklist of ‘Buhari’s Women’

The Nigerian presidency has released list of some of the women appointed into key positions as the country joins the global community in celebration of March 8 International Women’s Day.
Former President Goodluck Jonathan, on Friday, called for synergy among President Muhammadu Buhari, governors, security chiefs and other stakeholders, saying such would de-escalate tension occasioned by the challenge of insecurity in the country.

Insecurity: Ex-President Jonathan calls for collaborative effort among leaders

Former President Goodluck Jonathan, on Friday, called for synergy among President Muhammadu Buhari, governors, security chiefs and other stakeholders, saying such would de-escalate tension occasioned by the challenge of insecurity in the country.

INEC: Revising, altering constituencies based on 2006 census inappropriate

The Independent National Electoral Commission (INEC) has said revising or altering constituencies based on 15-year-old (2006 census) population data is ‘’inappropriate”, saying the well-known rapidity of population changes in Nigeria will make nonsense of any outcome.