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ECOWAS Leaders Set up  Committee on Closure of Nigeria’s Land Borders

ECOWAS Leaders Set up Committee on Closure of Nigeria’s Land Borders

The concern generated by the closure of Nigeria’s land borders was a subject of serious attention on Sunday at the margins of the ongoing 33rd African Union (AU) Summit in Addis Ababa in Ethiopia as the Authority of ECOWAS Heads of States and Governments constituted a committee to study the situation and make a full report to the body. The ... Read More »

BORNO GOVT DISTRIBUTES HANDSETS TO OPERATORS AS THEY MOVE TO NEW SITES

BORNO GOVT DISTRIBUTES HANDSETS TO OPERATORS AS THEY MOVE TO NEW SITES

BY INUSA NDAHI, MAIDUGURI Borno State Government has flagged off the distribution of 2 Set of handsets to all the GSM handset dealers/operators under the poverty alleviation programme to boost their business activities. Flagging off the distribution at the New GSM market along Bullumkutu ward in the metropolis, the State Deputy Governor, Hon Umar Usman Kadafur urged hundreds of beneficiaries ... Read More »

Breach of contract: Two companies sue FCMB N7billion

Breach of contract: Two companies sue FCMB N7billion

By Demola Abimboye For alleged breach of contract, Sunlek Investment Limited and Sunsteel Industries Limited have dragged First City Monument Bank, FCMB, to a Federal High Court, Lagos, claiming N7billion. In a 126 paragraph statement of claim accompanied by another 27 paragraphs of a witness sworn to on oath and filed before the court by John Olusegun Odubela, a senior ... Read More »

Tesla’s stock just had one of the wildest weeks ever – Here’s what happened

Tesla’s stock just had one of the wildest weeks ever – Here’s what happened

By Michael Sheetz, CNBC KEY POINTS • Tesla had a roller coaster week to begin February, with the stock swinging hundreds of dollars in both directions. • Shares ripped higher in two consecutive days of trading after multiple optimistic forecasts for Tesla’s future growth sparked a short squeeze, with the stock roaring roaring to an intraday high of $968.99. • ... Read More »

Fidelity Bank Appoints Independent Non-Executive Director

Fidelity Bank Appoints Independent Non-Executive Director

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank and has notified the Nigerian Stock Exchange (NSE) of the appointment. Also, the appointment has been approved by the Central Bank of Nigeria (CBN) and took effect from January 22, 2020. Inuwa joins the bank’s ... Read More »

FG to Stop Fish Importation in two years-Agric Minister

FG to Stop Fish Importation in two years-Agric Minister

The Minister of Agriculture and Rural Development, Mr. Sabo Nanono, wednesday disclosed that the federal government will stop fish importation in 2020 and encourage local fish production. Speaking while receiving a delegation from the National Fish Association of Nigeria (NFAN) led by its National President, Dr. Gabriel Ogunsanya in Abuja, the minister stated that time had come for Nigeria to ... Read More »

Ekiti brothers unveil armoured vehicle manufactured locally

Ekiti brothers unveil armoured vehicle manufactured locally

Obasa Specialty Vehicle (OSV), located in Ijero-Ekiti, Ekiti State, has unveiled an all-terrain vehicle named Tekowi. The vehicle, the company said, was manufactured at its factory in Ijero-Ekiti, Ekiti State. *The Ajero of Ijero kingdom (inside the vehicle) with the two inventors The company was commissioned on December 5, 1980 by the late High Chief Joe Oluware Obasa, a car ... Read More »

I’m under pressure to change statement-Witness tells court

I’m under pressure to change statement-Witness tells court

The fourth prosecution witness (PW4), Abubakar Umar, in the ongoing trial of former governor of Benue State, Gabriel Suswam on Monday, on Monday, February 3, 2020, told Justice Okon Abang of the Federal High Court, Abuja, that he was under pressure to change his statement to favour Suswan. Suswam alongside his former Commissioner of Finance, Okolobia Okpanach, is facing prosecution ... Read More »

JIMI AGBAJE CANNOT TEACH US PLANNING-LAGOS APC

JIMI AGBAJE CANNOT TEACH US PLANNING-LAGOS APC

 Lagos state APC yesterday descended on former gubernatorial flag-bearer  of the opposition Peoples Democratic Party(PDP),Jimmy Agbaje ,describing his criticism of the recent restriction of motorcycles and tri-cycles in the state as puerile and unimaginative. APC spokesman.Hon.Seye Oladejo expressed dismay Agbaje’s futile attempt to teach a government well grounded in intellectual and institutional experience how to plan.” My check revealed Mr ... Read More »

Osun governor’s wife rescues homeless man from Trinidad and Tobago

Osun governor’s wife rescues homeless man from Trinidad and Tobago

Ailing and homeless abroad for four years, a Nigerian, Benjamin Sesan Ojo, returned home from Trinidad and Tobago at the weekend after being rescued by wife of Osun State Governor Mrs. Kafayat Oyetola. Ojo was in distress with his six-year-old daughter before being spotted by Mrs. Oyetola, who facilitated help for them with her Non-governmental Organisation (NGO), the Ileri Oluwa ... Read More »

Three feared killed as Okada riders, police clash in Lagos

Three feared killed as Okada riders, police clash in Lagos

At least three persons have been feared killed after a fight broke out between commercial motorcyclists and policemen at Ijora in Apapa, Lagos. The fight, which started around 9:30am, was said to have led to destruction of vehicles and other properties in the area. Policemen had gone to the port community to enforce the state government’s ban on commercial cycles ... Read More »

Fighting poverty: What Nigeria can learn from China, India- Okonjo Iweala

Fighting poverty: What Nigeria can learn from China, India- Okonjo Iweala

Dr. Ngozi Okonjo-Iweala, two-time Nigeria’s finance minister who attended the recently concluded 50th World Economic Forum, which held in Davos, Switzerland, spoke on how Nigeria could get out of poverty, taking its cue from how China and India fought (and are still fighting) the scourge. She recommended: “China is phenomenal in eradicating poverty. India has now done so well, so ... Read More »

Report:Banks took N950 billion loan from CBN in three months

Report:Banks took N950 billion loan from CBN in three months

  Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months, the apex bank’s quarterly economic report has shown. The report released at the weekend showed that the loans came through CBN’s Standing Facilities meant for the lenders to square up their liquidity positions and meet customers’ needs. The funds ... Read More »

Senate: With 85% VAT Revenue, States Have No Excuse Not to Pay Minimum Wage

Senate: With 85% VAT Revenue, States Have No Excuse Not to Pay Minimum Wage

Determined to make the 30,000 Minimum Wage a reality, the federal government has already conceded between 80 and 85 per cent of revenues accruable from Value Added Tax (VAT) to states to enable them meet their wage obligation. This was contained in the Finance Bill, recently signed into law by President Muhammadu Buhari, leaving the remaining 15 per cent to ... Read More »

PDP to Gbajabiamila: Steer clear of our members

PDP to Gbajabiamila: Steer clear of our members

THE Peoples Democratic Party (PDP) has cautioned the Speaker of the House of Representatives, Femi Gbajabiamila, to concentrate on his legislative duties and stop meddling in the internal affairs of the PDP. The PDP said its admonition to Gbajabiamila was predicated on the speaker’s reported needless interference with the choice of the leadership of the PDP caucus in the House ... Read More »

Varsities face new strike as govt pays only  lecturers on IPPIS

Varsities face new strike as govt pays only lecturers on IPPIS

ONLY varsity teachers captured on the Integrated Personnel Payroll Information System (IPPIS) will get alert for their January salary, the Federal Government said on Thursday. The IPPIS has been a subject of controversy between teachers’ umbrella body – Academic Staff Union of Universities (ASUU) – and the Federal Government. The payment of tertiary institutions’ lecturers will begin today, it was ... Read More »

US Embassy Denies Bishop David  Oyedepo Visa

US Embassy Denies Bishop David Oyedepo Visa

A mild drama, thursday, played out at the Lagos office of the Embassy of the United States as the founder of Faith Tabernacle in Ota, Ogun State and Living Faith Church Worldwide, otherwise known as Winners’ Chapel International, Bishop David Oyedepo was denied visa. But an ace comedian, Abovi Ugboma, popularly known as Bovi was lucky with the embassy as ... Read More »

TCN, electricity union bicker over unremitted N29m check-off dues

TCN, electricity union bicker over unremitted N29m check-off dues

Usman Mohammed, TCN MD BY ONYEKA AJUMOBI ONOCHIE The Transmission Company of Nigeria (TCN) and the Senior Staff Association of Electricity and Allied Companies (SSAEAC) are presently at each other’s throat over an alleged unremitted N29m check-off dues from the former to the later. While the company insists it has paid the dues up to date, the union sees this ... Read More »

Senate probes NNPC over $25 billion Turn Around Maintenance expenditure

Senate probes NNPC over $25 billion Turn Around Maintenance expenditure

The Senate on Thursday directed its Committee on Petroleum Resources (Downstream) to investigate the expenditure of over $25 billion on the turn around maintenance of the nation’s four refineries in the last 25 years. The move by the Senate followed a motion sponsored by Senator Yusuf Yusuf representing Taraba Central Senatorial District. Yusuf in his lead debate noted that the ... Read More »

EFCC Arraigns Baker in Sokoto for Allegedly Defrauding FG of N8.5m Cassava Bread Fund

EFCC Arraigns Baker in Sokoto for Allegedly Defrauding FG of N8.5m Cassava Bread Fund

By: Adebola Owolola The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office, on Tuesday, January 28, 2020, arraigned a Sokoto-based baker, Abdurazak Adamu, before Justice Mohammed Mohammed of the State High Court 7, Sokoto State. The defendant was docked on a one-count charge of criminal breach of trust to the tune of N8.548, 140.80 (Eight Million, Five Hundred and ... Read More »