Police arrest notorious ATM fraudster in Delta

November 9, 2021 Amaechi Okwara 0

Delta State Command Tuesday arrested notorious Automated Teller Mechine (ATM) fraudster,  one  Ojo Amos  at Ozoro, Isoko north local government area of the state. The suspect,  38yrs who  hails from Agbara-Otor, Ughelli North Local government area specialised in snatching ATM cards from unsuspecting victims.  According to the state Public relations officer (PPRO), DSP Bright Edafe, “On 2/11/2021 at about 1300hrs, Read More

Breaking: Oyo rep defects to APC

November 9, 2021 Bode Olagoke 0

The All Progressives Congress caucus of the House of Representatives has gained another member. He is Rep. Jacob Ajao Adejumo from Oyo State. Until his defection to the majority party, he was a member of the Action Democratic Party (ADP. The Speaker, Rep. Femi Gbajabiamila, has, however read his defection letter to members on the floor in Abuja on Tuesday Read More

2023: Prevail on Tinubu to back Osinbajo, group lobbies govs, Obas, others

November 6, 2021 Bode Olagoke 0

Governors, traditional rulers, business and political elites in the Yorubaland must carefully weigh various options and seriously consider backing Vice President Yemi Osinbajo in 2023, an All Progressives Congress youth group has advocated. According to members of the South West Movement for Osinbajo (SOWEMOVE) who presented a report and copies of correspondence with several Obas and other eminent personalities in Read More

Group berates Tinubu’s silence over invasion of Justice Odili’s residence

November 6, 2021 Bode Olagoke 0

A political pressure group known as the South-west Frontiers has condemned the prolonged silence of the former Lagos state governor and leader of the All Progressives Congress (APC) Asiwaju Bola Tinubu on the invasion of the residence of a Supreme Court judge, Justice Mary Odili by armed security operatives. The group similarly faulted the APC leader’s inaction about the recent Read More

Breaking: Few hours to Anambra election, IGP pulls out DIG Egbunike as head of security team

November 5, 2021 Editor 0

Barely 24 hours to the Saturday Anambra State governorship election, the Inspector General of Police has removed the Deputy Inspector General, DIG Joseph Egbunike, as the head of security team for the Anambra governorship election slated for Saturday November 6, 2021.  His removal was announced by the Police Public Relations Officer DSP Nkeiruka Nwude with few hours to the election.  He been Read More

COP26: Nigeria keying into electric, gas-powered vehicle manufacturing – Jelani Aliyu

November 5, 2021 Bode Olagoke 0

The Director-General, National Automotive Design and Development Council, Jelani Aliyu, has asserted that Nigeria’s automotive industry is advancing towards actualizing the manufacturing of electric and gas-powered vehicles, in keeping with the net-zero target by 2060. Mr Aliyu made the disclosure while addressing delegates at the ongoing COP26 UN Climate Change Conference in Glasgow, Scotland where close to 200 countries gathered Read More

Enugu assembly approves N15bn CBN infrastructure loan for Ugwuanyi

November 4, 2021 Chuks Nweze 0

Enugu State House of Assembly Thursday approved a N15billion loan facility from the Central Bank of Nigeria (CBN) to enable the state improve on her infrastructure base. Governor Ifeanyi Ugwuanyi had written the House Wednesday, through the Secretary to the State Government (SSG), Prof. Simon Ortuanya, asking the members ‘to approve the loan request he made to enable him secure Read More

N7.3bn public works funds yet to be disbursed – FG

November 2, 2021 Taiye Odewale 0

The federal government declared Monday that about N7.3 billion was yet to be disbursed to the remaining beneficiaries of its 774, 000 Special Public Works programme. Minister of State for Labour and Employment, Festus Keyamo, made the disclosure during budget defence session before the Senate Committee on Labour. The programme, domiciled in the National Directorate of Employment (NDE), engaged 774,000 Read More

e-Naira and the currency’s depreciation

November 1, 2021 Blueprint 0

The launch of the e-Naira by President Muhammadu Buhari recently has made Nigeria to join the league of countries with electronic currencies. This is a welcome development. As stated by Mr President during the launch, the e-Naira will boost the country’s GDP by $29 billion in the next 10 years and attract more investment.  However, the launch of the e-Naira Read More

Former MD/CEO of Fidelity Bank emerges FBNH GMD

October 28, 2021 Segun Odunewu 0

Immediate past Managing Director and CEO of Fidelity Bank of Niger PLC, Mr. Nnamdi Okonkwo, has emerged as the new Group Managing Director of FBN Holdings, the holding company of First Bank of Nigeria Group. FBN Holdings Plc, parent company of First Bank Nig. Ltd who announced this in a notice to the Nigerian Exchange on Thursday also informed the Read More

CBN flags-off digital financial inclusion for women, youth

October 28, 2021 David Agba 0

In its drive to ensure the digital financial inclusion of women and youth nationwide, the Central Bank of Nigeria (CBN) and its stakeholders are billed to engage target groups in selected states in order to facilitate their economic empowerment and inclusion. A statement from the CBN noted that the programme also aims at implementing the Bank’s framework for advancing women’s Read More

Buhari reveals how eNaira will boost Nigeria’s economy

October 25, 2021 Abdullahi M. Gulloma 0

The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called block chain, can increase Nigeria’s GDP by $29billion over the next 10 years, President Muhammadu Buhari said Monday in Abuja at the official launch of the eNaira. The President also declared that the introduction of the eNaira would enable the government to send direct payments to Read More

Buhari set to unveil eNaira

October 24, 2021 Editor 0

The Central Bank of Nigeria (CBN) has announced that President Muhammadu Buhari will formally unveil the much talked about digital currency, known as the eNaira, on Monday. CBN Director, Corporate Communications, Osita Nwanisobi, who disclosed this in a statement on Saturday said the President will perform the unveiling ceremony inside the State House, Abuja. “Following series of engagements with relevant stakeholders Read More

Ruth Benamaisia Opia, Yakubu Mohammed: Where are they now?

October 22, 2021 Blueprint 0

They once served the country at different times and in different capacities, but since they left office, not much has been heard about them again. ELEOJO IDACHABA wonders where they could be at the moment. Ruth Benamaisia Opia Before 2000, Ruth Benamaisia Opia was a household name in many homes every evening because of her appearance on the network news Read More

Group protests ‘blackmail’ of Buhari’s appointees, demand arrest

October 20, 2021 Bode Olagoke 0

A pressure group based in the Federal Capital Territory, Coalition for Good Governance and Change Initiative (CGGCI) has staged protest against some persons allegedly trying to blackmail President Muhammad Buhari through his appointees. According to the group, those making the attempts were targeting key appointees of the president using fake news. Staging a protest Wednesday in Abuja, the group urged Read More

Osun monarch threatens to expose colleague for refusal to refund loan

October 13, 2021 Lateef Ibrahim 0

A traditional ruler in Osun state, the Ataoja of Osogbo, Oba Jimoh Olanipekun, has threatened to expose a monarch for his refusal to refund the loan he took for him. Speaking at the Freedom Park, Osogbo, during the disbursement of N6.5bn Micro, Small and Medium Enterprises Development Fund by Governor Adegboyega Oyetola. The monarch said, “I want to advise the beneficiaries not Read More

MPC may increase benchmark rate with inflation poised to halt slide – Rewane

October 13, 2021 Blessing Anaro 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), analysts are certain will increase the benchmark rate, otherwise known as the Monetary Policy Rate (MPR) when it meets next in November. This is because, survey by analysts indicates that inflation which has declined six consecutive times will look up north September. Since March 2021, Nigeria’s inflation rate Read More

Need for tenancy bureaux In real estate practice

October 12, 2021 Jasper Oleka 0

As credit bureau is to financial institutions (with regards to credit transaction/facility), so is tenancy bureau to real estate firms (with regards to real estate rental market/tenancy administration). The main deliverables of the tenancy bureau include a tenancy report on every prospective tenant as well as sitting/subsisting tenant. This comprises of demographic information of the tenants: like names, address, gender, Read More

Nigeria records high growth in digital financial channel

October 12, 2021 Segun Odunewu 0

Nigeria has recorded a high growth in digital financial channels in the last one year, according to the Central Bank of Nigeria (CBN). Dr. Hassan Mahmud, Director of the CBN’s Monetary Policy Department, in a presentation titled “Implications of Trends in the Digital Financial Ecosystem for Monetary Policy Implementation said the overall population of Nigerians who use digital payment has Read More

When First Bank set the pace for thoughts on Open Banking

October 11, 2021 Amaka Ifeakandu 0

At FIntech Summit 5.0 organised by First Bank of Nigeria, experts brainstormed on how best to make the Open Banking initiative work in financial service delivery, even as the FBN speaks on reasons for its intervention and the bank’s plans to remain atop the nation’s banking industry. AMAKA IFEAKANDU reports First Bank of Nigeria Limited, Nigeria’s premier and leading financial Read More

Digital finance’ll enhance payment

October 10, 2021 Amaka Ifeakandu 0

The Central Bank of Nigeria (CBN) has said that the advent of digital finance would enhance faster payment and promote efficiency of monetary mechanisms. Director, Monetary policy Department, CBN, Mr Hassan Mahmud who stated this in Enugu at CBN seminar organized for financial journalists and business editors said that digital financial ecosystems help to reduce the amount of currency in Read More