Ministerial appointment: N’Assembly awaits nominees as Tinubu sends list to DSS, EFCC, others

Ministerial appointment: N’Assembly awaits nominees as Tinubu sends list to DSS, EFCC, others

Expectations on the ministerial list have heightened as President Bola Tinubu clocks over 40 days in office. By law, Tinubu is required to name his cabinet within 60 days after taking the oath of office on May 29 and transmits it to the Senate for confirmation. With less than 18 days to submit his cabinet list to the National Assembly as recommended by the constitution, lawmakers and other Nigerians are […]

July 10, 2023 18

BUSINESS

The Nigeria Deposit Insurance Corporation says the deposits of directors and staff of defunct banks are excluded from its Deposit Insurance Scheme.

The Nigeria Deposit Insurance Corporation says the deposits of directors and staff of defunct banks are excluded from its Deposit Insurance Scheme. This was disclosed during the Financial Literacy Day Programme organized by the NDIC on Monday in Abuja While discussing the mandate and the operations of the corporation, Spokesperson of the agency, Tanko Yahaya, noted that the Deposit Insurance Scheme does not cover insider deposits, among others.

June 27, 2023 107

BUSINESS

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. This is as various public notices from some of the Discos had stated that the electricity tariff would be raised by about 30 to 40 per cent for selected categories of consumers on […]

June 27, 2023 97

SPORTS

Okocha dazzles in Ronaldinho’s legends match

Super Eagles legend, Austin Okocha, was in Florida on Friday to honour a legends’ game organised by former teammate, Ronaldinho, and again reminded fans of his mesmerising skills. Tagged ‘The Beautiful Game’ the second edition of the exhibition game in Orlando City was a reunion of former stars and current players and an assortment of other celebrities at Exploria Stadium. The teams were captained by Brazilians Ronaldinho and Roberto Carlos with Nigeria’s […]

June 26, 2023 22

BUSINESS

FG seeks US support for energy transition

President Bola Tinubu, on Monday, in Abuja, called for an equitable balance between fossil fuel and green energy in the race for energy transition. He also urged the United States and other developed nations not to forget Nigeria and Africa’s challenge with poverty as the world transitions into clean energy. “The new energy we are talking about represents just 5 per cent of global energy requirements. We must find the […]

June 20, 2023 18

NEWS

Gunmen kidnap Kogi monarch, wife

Suspected gunmen have kidnapped the Oba of Idofin, Shedrack Durojaiye Obibeni, and his wife in Yagba East Local Government Area of Kogi. They were kidnapped along Makutu-Idofin road in Kogi State at about 5 pm on Monday, according to a report by the News Agency of Nigeria. Confirming the incident, Mr Abdulrasak Asiru, Yagba East Local Government Council Chairman described it as “very shocking” and “sad”. Asiru said that he […]

June 20, 2023 19

NEWS

PTDF shortlists 5000 Nigerians for foreign scholarships

The Petroleum Technology Development Fund said it has shortlisted over 5,000 applicants nationwide for the award of scholarships for the 2023/2024 academic session overseas scheme. The Head, Oversees Scholarship Scheme in the PTDF, Mrs Bolanle Kehinde-Agboola revealed this on Monday at a selected interview exercise for the shortlisted candidates for MSc and PhD postgraduate programmes. According to her, the selection interview was in continuation of the application process which commenced […]

June 20, 2023 21

BUSINESS

Marketers struggle to raise N10bn for new petrol orders

Many depot owners may soon shut down their facilities due to the inability to meet the new financial requirement of about N10bn by the Nigerian National Petroleum Company Limited as the cost of lifting fuel from its ships, “NNPCL has enough stock in-country and we still buy from them pending when arrangements would be made for us to start ordering our products ourselves. Now, we have to raise about N10bn, […]

June 8, 2023 66

BUSINESS

Subsidy: Shettima, govs to work on palliatives

As Nigerians grapple with the aftershocks of the fuel subsidy removal, President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and the minimum wage review as part of measures to cushion the pain of subsidy removal. This was as the Trade Union Congress said it was expecting the Federal Government to provide feedback on its demand for N200,000 minimum wage by June 19. […]

June 8, 2023 100

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