…as commissioner inspects housing schemes By Olasunkanmi Akoni Lagos State Government has revoked housing units to subscribers who have failed to occupy the facilities after two years of allocation. The unoccupied units, according to the state government are constituting nuisance in some of the housing estates due to unkept premises, recording shortfall in maintenance schedule […]

By Elizabeth Adegbesan  Households have projected a further rise in the prices of rents, medical services among others things while expressing pessimism in their outlook for October 2024. Their projection was contained in the Central Bank of Nigeria, CBN, Consumers Expectation Survey Report for October.  However, households anticipated spending their income on basic expenditure items like […]

By Luminous Jannamike The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has highlighted the damaging impact of financial crimes and corruption on Nigeria’s development, urging a more aggressive approach to addressing these issues.  Olukoyede emphasized that tackling corruption, especially in key sectors like power, would significantly improve Nigeria’s economy and global […]

•Says recapitalisation will enhance financial inclusion  By Babajide Komolafe  The  Central Bank of Nigeria, yesterday said that over 28 million Nigerians still lack access  to formal financial products and services in spite of a reduction in the country’s financial exclusion rate to 26% in 2023 from 46.3% in 2010. The CBN however said that the ongoing […]

Amb. Chief Nzeribe Okegbue, PhD, Chairman and CEO of Combatant Guards Limited, has been nominated for the 18th Africa Security Watch Awards, organised by the esteemed Security Watch Africa. The awards ceremony, set to take place from December 10-12, 2024, in Doha, Qatar, will honour Dr. Okegbue with the Gold Star Award for Security and […]

United Bank for Africa (UBA) Plc, has collaborated with Mastercard to launch a commemorative debit card in celebration of UBA’s 75th anniversary. This collaboration aims to honour UBA’s long-standing customer relationships and enhance their banking experience with a range of offers and discounts across multiple platforms. UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, who spoke […]

By Faith Ukone Emmanuel Ahaiwe is building the future of financial technology from the ground up, engineering systems that are as intelligent as they are resilient. His work represents a significant evolution in DevOps, deeply influenced by his ongoing studies and research in Artificial Intelligence and Machine Learning. He is currently focusing on the practical […]

•Raises alarm as naira float deepens forex crisis By Providence Ayanfeoluwa The Manufacturers Association of Nigeria, MAN, yesterday said that 16 major manufacturing firms incurred cumulative losses amounting to N792 billion between 2023 and 2024.  Also, Chairman, Ogun State Manufacturers Association of Nigeria, MAN, Mr. George Onafowokan, raised alarm over the unprecedented crisis facing the manufacturing […]

…As Minister Charges stakeholders to unite for safe construction By Emmanuel Elebeke The Director General/Chief Executive of the Standard Organisation of Nigeria (SON), Dr. Ifeanyi Chukwunonso Okeke, has attributed the recent cases of building collapse in Nigeria to non-adherence to standards and codes of practice in the construction process. Dr. Okeke made this statement yesterday […]

Ultra Capital Energy Limited, a leading energy company and subsidiary of Capital Luxury Group, has announced a significant expansion of its oil and gas services in Nigeria through strategic partnerships with the Nigerian Petroleum Exchange (NIPEX) and the Oil and Gas Free Zones Authority (OGFZA).