Petrol subsidy depletes NNPC contribution to FAAC by 44%
As subsidy hits N621.55bn, still rising monthly Outstrips health, education, Works and Housing budgets By Obas Esiedesa A whooping N621.55 billion has been deducted from the Federation Accounts Allocation Committee, FAAC, funds by the Nigerian National Petroleum Corporation, NNPC, as petrol subsidy in the first half of 2021, H1’21, latest data have shown. The figure for […]
State of the Nation: Nigerians should defend themselves against bandits – Afenifere
By Dapo Akinrefon THE pan-Yoruba socio-political organization, Afenifere, Tuesday, urged Nigerians to defend themselves against bandits warning that Nigeria is fast moving into the precipice. Afenifere also expressed worry over the worsening security situation in the country noting that it is threatening the corporate existence of Nigeria. In a communiqué issued at the end of […]
Capitalsage raises N2.2bn debt financing to drive expansion plan
By Nkiruka Nnorom CapitalSage Technology Limited , an integrated fintech group, has successfully raised N2.2 billion in a Series 1 Private Company Notes (PCN) issuance, under its N10 billion programme. The capital raise was to accelerate the company’s growth across different markets in Nigeria and Africa. United Capital Plc, a financial services group, acted as […]
My Clients my inspiration – Wenike
pregnancy glow professional, Queeneth Wenike Beddie-Memberr said her clients have offered her a lifeline by being an inspiration to her career.
Port Congestion: NPA accuses Police, Military, others of extortion at multiple check points
Authorities of Nigeria Ports Authority (NPA) have blamed the congestion at Nigerian ports on extortion checkpoints mounted by officers of the Nigeria Police and Nigerian Navy.
FG disburses over N56.8bn to beneficiaries of MSME
The Federal Government has so far disbursed over N56.8 billion to beneficiaries of its Micro, Small and Medium Enterprise (MSME) Survival Fund.
CPROD blames economic woe on lack of productivity standard
By Olayinka Ajayi The Centre for Public Productivity and Development, CPROD, has blamed the nation’s economic decline on lack of productivity standard. Speaking during the award and induction of Fellows into the centre, the Vice President, CPROD, Dr. Gbenga Adeyemo, noted that for Nigeria to regain its economic strength, there’s the need for the nation to […]
Insecurity: Masari shuts Katsina highways, livestock markets
In the face of worsening insecurity, Governor Aminu Bello Masari of Katsina State, yesterday ordered immediate closure of some major highways in the state to check activities of bandits and other violent crimes in the state.
‘Will’ remains key prerequisite to assess death’s benefits — Ex-PenCom board member
By Victor Ahiuma-Young The issue of assessing the death benefits of a deceased employee or pensioner has continued to pose a challenge to beneficiaries, especially next-of-kin. However, a former member of the board of the National Pension Commission, PenCom, and Director, Centre For Pension Right Advocacy, CPRA, Ivor Takor, in this piece, says “Will” remains […]
DBN disburses N400bn to 150,000 MSMEs
By Emma Ujah, Abuja Bureau Chief & Joy Ajayi The Development Bank of Nigeria (DBN) Plc has disbursed the sum of N400 billion to over 150,000 Micro, Small and Medium Enterprises (MSMEs) since its inception in 2017. Managing Director of the bank, Mr. Tony Okpanachi, disclosed this during the second annual lecture series of the bank […]
N20bn bail-out loan: Court freezes Kogi State’s account in commercial bank
A Federal High Court sitting in Lagos, yesterday, ordered the freezing of Kogi State salary bailout account number; 0073572696 domiciled in one of the new generation banks over a N20 billion loan obtained from the bank.
Igbo-ora holds world twins festival activities October 9
The Olu of Igbo-Ora, His Royal Majesty, Oba Jimoh Olajide Titiloye (Asoroolu Ayinla V) has announced dates for activities lined up to mark the 2021 edition of the famous Igbo-Ora World Twins Festival; an annual cultural tourism event celebrated to promote the multifunctional twinning cultural heritage of the Land of Twins.
Banks hint of criminal prosecution of customers over forex offences
*As CBN directs banks to publish BVN of defaulters By Emma Ujah, Abuja Bureau Chief At the backdrop of a directive from the Central Bank of Nigeria (CBN) to publish names of customers who circumvent the new foreign exchange (forex) guideline, commercial banks have rolled out a penalty regime against contraventions of the guideline. READ […]
Capitalsage raises N2.2bn debt financing to drive expansion plan
By Nkiruka Nnorom CapitalSage Technology Limited, an integrated fintech group, has successfully raised N2.2 billion in a Series 1 Private Company Notes (PCN) issuance, under its N10 billion programme. The capital raise was to accelerate the company’s growth across different markets in Nigeria and Africa. United Capital Plc, a financial services group, acted as sole […]
Edo, BOI launch N2bn fund for 50,000 MSMEs
By Cynthia Alo The Edo State Government and the Bank of Industry (BOI) have unveiled a Micro Small and Medium Enterprise (MSME) development fund worth N2 billion to support entrepreneurs in the state. The fund was launched during a citizens’ engagement session organized by the Edo State Skills Development Agency, also known as EdoJobs, at […]
Open grazing ban: Miyetti-Allah seeks time extension in Enugu
The Miyetti-Allah Cattle Breeders Association of Nigeria, MACBAN, has asked the Enugu State House of Assembly to give its members an extension of one month to enable them articulate a position for an impute into the bill for law to prohibit open grazing , regulate cattle ranching and for connected purposes.
