Insurance companies have said some of the people insured, hit by economic hardship, occasioned by rising inflation and falling incomes, are resorting to making spurious claims. The insurers said they have seen in recent times false claims from customers wanting to take advantage of their loss situation to better their condition. According to the insurers, this is common in motor Read More
The Bank of Industry (BOI) has declared a dividend payment of N7.89 billion for the financial year ended December 2021 to its shareholders, the Ministry of Finance Incorporated and the Central Bank of Nigeria, showing its capacity to withstand economic headwinds to boost federal government’s revenue. BOI also said it recorded a 75 per cent increase in its Profit-Before-Tax to Read More
Though the national leader of the All Progressives Congress, (APC), Asiwaju Bola Tinubu has not declared his intention to vie for the 2023 presidency, his purported seven-point agenda has been released. The seven-point agenda, tagged: ‘The Rebirth Manifesto’ is not yet made public, but sources close to Tinubu have pushed out the agenda. Already, the South West Agenda 2023 (SWAGA Read More
As the country continues to witness financial hits, experts say Nigeria’s very rich tourism environment is enough to attract into the country billions of US Dollars in foreign currency in line with the Africa Continental Free Trade Agreement (AfCTA). Former Managing Director of Nigerian Airspace Management Agency (NAMA), Nnamdi Udoh said with the collective Gross Domestic Product (GDP) of 2.5 Read More
Relief for cooking gas users as the Nigeria Liquefied Natural Gas (NLNG) Limited, in a major decision to crash the rising price of Liquefied Petroleum Gas (LPG) or cooking gas has agreed to reduce the quantity of gas exports to flood the domestic market which has been in dire strait. “As part of the measures to support the Federal Government’s Read More
A voluntary think-tank group of the All Progressives Congress, known as APC Legacy Awareness and Campaign (APC-LAC) has said that President Muhammadu Buhari, is now recognised as a global climate action leader and champion due to his commitment to climate change. The group said ambitious and impactful climate action will no doubt be one of the many positive legacies of Read More
The Gombe state government has commended the management of Eighteen Engineering Company International Limited (EEC) for the timely completion of the Degri – Bembelem- Reme-Dong-Talasse road in the state. The commendation by the state government was in a statement made available to journalists in Abuja and signed by Gombe state Director of Highway, Engineer Aliyu Isa Shinga Engineer Shinga said Read More
The Managing Director of PPMC, Abdullahi Isiyaku, has said that the deregulation of the oil and gas sector has potential of generating N12trillion for Nigeria within four years.He explained that the gains of deregulation will include a 7,500km road every year at N400m per kilometre. Abdullahi made this known in Lagos as one of the key panelists at the Oil Read More
The Financial Reporting Council of Nigeria has warned government entities that are yet to file their audited financial statements to do so as the Council had begun imposing fines and penalties on them in line with the provisions of the FRC Act and its extant rules . The Executive Secretary of the FRC, Shuaibu Ahmed, at the opening session of Read More
Four months after he presented his Letters of Credence to His Royal Majesty, Philippe 1, the Belgian King, the Nigerian Ambassador to Belgium, Obinna Chiedu Onowu, has presented his Letters of Credence to the Grand Duke Henri, Grand Duke of Luxembourg. During their discussion, Onowu harped on the need to deepen bilateral relations between Nigeria and Luxembourg, especially in the Read More
Former Senate President and chieftain of the All Progressives Congress (APC) Senator Ken Nnamani, has revealed how he aborted the planned to amend constitution to allow for third term in office during former President Olusegun Obasanjo. Nnamani said his model of legislating was shaped by the debate about whether the legislator is an agent or a trustee. Speaking Thursday in Read More
The Federal Ministry of Industry, Trade and Investment (FMITI) has pledged to support Micro, Small and Medium Enterprises (MSMEs) to access credit at a single digit rate. The Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum, said this Friday when members of the Nigerian Association of Small and Medium Enterprises (NASME) visited her in Abuja. According to Read More
The October 2021 edition of the World Bank bi-annual economic report on Sub-Saharan Africa (SSA) has favored the region and Nigeria specifically with a raise in its expected economic growth. The Washington-based institution revised upward its 2021 growth projection for SSA by 100 basis points (bps) to 3.3 per cent (April 2021 edition: 2.3 per cent) due to strong rebound Read More
. Arewa Consultative Forum has commended President Muhammadu Buhari on the 2022 budget presentation, but urged government to reduce the interest rates to enable growth of small and medium businesses, in a bid to reduce kidnapping and other crimes. ACF National Chairman, Chief Audu Ogbeh, who made the call on Saturday, noted that high interest rate will not only stifle access to Read More
Bauchi state Governor Bala Abdukadir Mohammed has urged Nigerians to continue making sacrifice so the country can remain on the path of greatness. The governor made the call Thursday in a goodwill message to Nigerians on the occasion of its 61st independence anniversary in Bauchi. He said: “The 61st Independence anniversary should be used to reflect on the struggle and Read More
Nigeria became a British Protectorate in 1901. The country was liberated from the shackles of colonialism in 1960, when a strong movement of patriotic Nigerians succeeded in gaining her independence. Nigeria first became a republic in 1963, but succumbed to military rule three years after a bloody coup d’état. To provide concrete evidence to the assertions, I shall take here Read More
Nigerian Green Bond market development Programme, financial Sector Deepening (FSD) Africa has signed a memorandum of understanding (MoU) to facilitate the issuance of the maiden N25 billion Lagos State Green Bond and other sustainability-linked debt securities towards achieving the global Sustainable Development Goals (“SDGs”). Speaking at the signing ceremony, the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu, said, “I Read More
The ruling All Progressives Congress (APC) has replied criticism by the opposition Peoples Democratic Party (PDP) over its borrowing spree, saying the act “is for the good of the country.” In a statement signed Wednesday in Abuja by the National Secretary Caretaker/Extraordinary Convention Planning Committee (CECPC), Sen. John James Akpanudoedehe, the ruling party said unlike in the brazen looting days Read More
A group of the ruling All Progressives Congress (APC) on the aiges of APC Legacy Awareness and Campaign (APC-LAC) has commended the firm responses of President Muhammadu Buhari-led administratiom to the Covid-19 pandemic. The group, which is a voluntary think-tank group of the governing party, particularly lauded President Buhari’s setting up of an Economic Sustainability Committee chaired by the Vice Read More
The development of Nigeria’s livestock sector’s ecosystem if properly harnessed can add at least N2 trillion to the economy within a short period. Programme Coordinator of Power Infrastructure Finance and Services (PIF Conferences) Mr. Willie Tawo disclosed this on Monday in Abuja to herald the forthcoming Nigeria International Workshop on Ranching & Pasture Management for Livestock Intensification. The programme is Read More
In its avowed determination to continue to harness youth potentials for improved socio-economic growth and development in the country, the federal government on Monday signed a Memorandum of Understanding (MoU) with KONGA to empower the Nigerian youth through the exploration of Information Communication Technology (ICT) with a view to building their capacity towards self-reliance and employability. The Minister of Youth Read More
Former Vice-President and Presidential flag-bearer of the opposition People’s Democratic Party, PDP, Alhaji Atiku Abubakar will from every indication throw his hat into the ring for the sixth time in his sojourn into Nigeria’s political murky Read More
Nigeria President Mohamadu Buhari, opened the 47th African Insurance Organisation Monday in Lagos via virtual platform with bundles of commendation for the African insurance market with a privilege endorsement of the Nigerian insurance market for the support and solidarity vent it opened for the government to draw from during the pandemic lockdown and up and until now. It is also Read More
Former Aviation Minister and Former FRSC Corps Marshal, Chief Osita Chidoka, has urged President Muhammadu Buhari to publish reviews on sacked ministers and the security sector . President Buhari Wednesday sacked the Minister of Agriculture, Mohammed Nanono and his counterpart in power ministry, Saleh Mamman, to reinvigorate his cabinet and consolidate his achievements. Chidoka who also doubles as the founder Read More
Jaiz Bank Plc gets a $25 million shariah-compliant line of financing (LOF) from Islamic Corporation for the Development (IsDB) of the private sector to support small and medium scale enterprises in Nigeria, the group said in a statement today. According to the statement, Ayman Sejiny, the Chief Executive of the Islamic Corporation for the Development of the Private Sector (ICD), Read More
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