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Onuigbo commends Tinubu, Kalu for establishment of SEDC

Rep. Sam Ifeanyi Onuigbo, Chairman of the Security, Climate Change, and Special Interventions Committee on the Governing Board of the North East Development Commission (NEDC), has commended President Bola Tinubu for the creation of the South East Development Commission (SEDC), a landmark decision aimed at addressing the region’s long-standing infrastructural and economic challenges.

JAIZ Bank secures N10.04bn via private placement 

Meets CBN capital requirement By Emma Ujah, Abuja Bureau Chief   Jaiz Bank has successfully listed the N10.04 billion proceeds from its private placement on the Nigerian Exchange Group (NGX), following regulatory approvals by   the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC). This places the bank among the few banks that have already met […]

$1 trn economy is necessity for prosperity, resilience of Nigeria — SEC DG

By Peter Egwuatu   The Securities and Exchange Commission, SEC has said that the $1 trillion economy is a necessity that must be pursued to achieve prosperity for Nigerians. Director General of the Commission, Dr.   Emomotimi Agama stated this yesterday   at the Journalists Academy for the capital market correspondents in Lagos. He said: “Achieving a $1 trillion […]

Nigeria to generate $320m from innovative carbon credit initiative 

By Providence Ayanfeoluwa   The Executive Director, Operations and Technical,Tantita Security Service Ltd, Capt. Warredi Enisuoh, has said that through innovative carbon credit initiatives, Niger Delta region could generate $320 million annually by harnessing its vegetation and untapped environmental potential.   He said this during his investiture as  Honourary Doctorate recipient and Lifetime Achievement/Sustainable Development Awardee from […]

FG’s electricity subsidies rise 2.76% to N199.64bn in Dec — NERC

•Abuja Disco leads beneficiaries with N29bn By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has increased by 2.76 percent to N199.64 billion from N194.26 billion incurred in November. The Commission in its December 2024 Multi-Year Tariff Order, MYTO, posted […]

Foreign portfolio investment in stock market rises 180.9%

By Peter Egwuatu Foreign Portfolio Investments, FPIs, inflows through the Nigerian stock market grew by 180.95%  in the first ten months of this year (January-October) to N344.30 billion from N122.55 billion in the corresponding period of 2023. Investment analysts have attributed the development to the monetary policy regime of the Central Bank of Nigeria, CBN, which […]

Brake failure: Again, truck crushes pedestrian to death in Lagos

By Olasunkanmi Akoni Pandemonium broke out, yesterday when a truck crushed a yet-to-be-identified pedestrian to death, at the Iyana-Isashi U-turn, inward Mile 2 area of Lagos State. This is coming less than 24 hours, when a similar incident occurred with a pedestrian crushed to death and five others rushed to hospital for treatment in the […]

NCC urges lawyers to combat piracy and strengthen ip rights enforcement

By Laolu Elijah, Ibadan The Director-General of the Nigerian Copyright Commission (NCC), Dr. John Asein, has urged legal practitioners specializing in Intellectual Property (IP) law to assist the commission in combating piracy. Speaking at the ongoing 2024 Nigerian Bar Association (NBA) Ibadan branch Law Week and 70th Anniversary celebration, Asein addressed the topic “Intellectual Rights […]

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