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NEWS

LG poll: Kaduna electoral commission releases screening timetable

The Kaduna State Independent Electoral Commission has presented a timetable for the screening exercise for councillors and chairmanship candidates ahead of the local government election slated for October 19, 2024. This is contained in a timetable signed by Mrs Hajara Mohammed, Chairman of the Commission, issued in Kaduna on Friday. […]

todaySeptember 6, 2024 4

BUSINESS

Customs, CBN meet erring banks over duty remittance

The Nigerian Customs Service, on Sunday, said only two banks were deactivated recently by the NCS over their failure to remit duties collected. It also stated that the erring banks had been reported to the stipulated financial authorities, including the Central Bank of Nigeria, adding that discussions by all the parties were ongoing currently.

todaySeptember 11, 2023 27

BUSINESS

States get N1.51tn FAAC allocation in six months – NEITI

The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023, the Nigeria Extractive Industries Transparency Initiative, said on Sunday. It disclosed this in its second quarter ‘2023 Federation Account Statutory Revenue Allocations Report’ released in Abuja. The report showed the states received about N817.79bn from the N2.32tn total distributable allocation […]

todaySeptember 11, 2023 21

BUSINESS

Banks’ bad loans hit N478bn amid economic downturn

At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in the half-year ended June 2023, an increase of nearly 16 per cent from N413.36bn reported in the full year ended December 31, 2022. The other two banks are FCMB […]

todaySeptember 11, 2023 21

BUSINESS

AWE to empower 120 women with entrepreneurial skills

The US Mission launched its fifth edition of the Academy for Women Entrepreneurs in Nigeria, in partnership with Ascend Studios to empower 120 women in business. In a statement, it disclosed that AWE would provide 120 women entrepreneurs with the knowledge, network, and access needed to launch and scale successful businesses. According to the statement, the participants were selected from over 3,000 applicants from all regions of Nigeria, and already […]

todaySeptember 8, 2023 20

NEWS

China president absent as G20 gathers in India

G20 leaders began to descend on New Delhi Friday, hoping to make progress on trade, climate and a host of other global problems despite the Chinese and Russian presidents skipping the summit. The G20 was conceived in the throes of the 2008 financial crisis as a way of managing the global economy. But as presidential and prime ministerial jets began landing in the Indian capital, the pointed absence of China’s […]

todaySeptember 8, 2023 14

NEWS

YouTube begins verifying videos by UK doctors over health misinformation

YouTube has launched a verification system for UK-based doctors, nurses, and other healthcare professionals to help Britons dodge medical misinformation online. UK-based users accounted for more than two billion video views of clips on health conditions in 2021. YouTube added a new seal of approval to accounts run by licensed doctors, nurses, psychologists, and other health practitioners or organisations who have passed stringent verification checks to fight misinformation. YouTube head […]

todaySeptember 8, 2023 13

BUSINESS

N120bn USSD debt slowing financial inclusion, says NCC

The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has said the banks’ N120bn Unstructured Supplementary Service Data debt owed telecommunication firms is slowing down financial inclusion. He noted that without the service, digital financial inclusion, which he pegged at 60 to 70 per cent, in the country would not be where it was currently. He said, “The merit of the service is that without it, there […]

todaySeptember 8, 2023 14

BUSINESS

NGX sheds 0.29% as Nestle, NASCON suffer losses

The local bourse suffered another day of dip as investors lost N112bn at the close of trading on Thursday. Investors on Wednesday lost N27bn as trading activities slowed as the nation awaited the decision of the Presidential Election Petitions Tribunal. The PEPT affirmed the victory of President Bola Tinubu at the February polls. On Thursday, the market reacted negatively as the amount of loss worsened to N112bn with the market […]

todaySeptember 8, 2023 17

BUSINESS

NNPCL intensifies anti-theft battle as oil output declines

The Nigerian National Petroleum Company Limited is stepping up efforts to combat oil theft in the Niger Delta, as the country’s oil production continues to plummet, writes OPEOLUWANI AKINTAYO In an update on its fight against crude oil theft in the country in July, the Nigerian National Petroleum Company Limited said it uncovered 162 illegal pipeline connections and illegal refineries in the Niger Delta, mostly in Bayelsa State. In a two-minute […]

todaySeptember 5, 2023 10

BUSINESS

Solid minerals earnings hit N814bn in 15 years – NEITI

The Nigeria Extractive Industries Transparency Initiative, on Monday, announced that Nigeria’s earnings from the solid minerals sector between 2007 and 2021, a period of 15 years, was N814.6bn. NEITI made this public in its latest 2021 industry report of the solid minerals sector, which was unveiled to stakeholders and lawmakers in Abuja. In the report, the agency also stated that  Nigeria N193.6bn from the solid minerals sector in 2021. The […]

todaySeptember 5, 2023 13

BUSINESS

Subsidy pains: Labour vows to ground economy, begins strike

The Nigeria Labour Congress has vowed to ground the economy as it says the stage is set for a two-day nationwide warning strike in response to the severe economic hardships plaguing the nation on the aftermath of subsidy removal by the Federal Government. This move has garnered widespread support from key stakeholders, including the banking sector, civil society organisations, and workers’ unions, as they unite to address the growing economic […]

todaySeptember 5, 2023 15

NEWS

G-2O Summit: Woo foreign investors, OPS tells Tinubu

Member groups of the Organised Private Sector of Nigeria have told President Bola Ahmed Tinubu to seize the occasion of the G-20 Summit holding in India to woo foreign investors to the country. This came as leaders from the Group of 20 (G-20) economies meets in India’s capital this week to find solutions to some of the world’s pressing problems. The OPS, in separate interviews, said the president must take […]

todaySeptember 5, 2023 11

SPORTS

Jordan, Orban, Boniface invited for Eagles, Sao Tome clash

Ahead of their final game of the 2023 Africa Cup of Nations qualifiers on Sunday, September 10, against São Tomé and Príncipe, Super Eagles head coach Jose Peseiro has handed first international call-up to Gent duo Gift Orban and Jordan Torunarigha as well as Bundesliga new star Victor Boniface,. Nigeria face the Falcons and True Parrots in a match-day six of the AFCON qualifiers at the Moshood Abiola Stadium in Abuja […]

todaySeptember 4, 2023 19

SPORTS

Falconets striker joins Turkish club

Nigerian football sensation Taiwo Lawal has officially signed a two-year contract with Turkish Women’s League outfit Atasehir Belediyespor, bidding farewell to her former club, Robo Queens. The football journey of the Nigerian attacker started with Aseyori Queens before her rise to prominence with Robo Queens. She showcased her goal-scoring prowess by clinching the Golden Boot Award at the 2022 Betsy Obaseki Women’s Cup, netting six goals in the competition. Lawal, […]

todaySeptember 4, 2023 17

NEWS

Suspend planned two-day warning strike, FG begs Labour

The Federal Government has appealed to the leadership of the Nigeria Labour Congress to shelve its planned two-day warning strike slated to commence on Tuesday. The appeal was made on Monday by the Minister of Labour and Employment, Simon Lalong, in Abuja. He identified the reverse of the gains already made by FG, among others as the reason for the appeal while promising to attend to the contending issues raised […]

todaySeptember 4, 2023 10

NEWS

Gabon’s new leader vows ‘free’ elections, amnesty for dissenters

Gabon’s coup leader, General Brice Oligui Nguema, vowed, after being sworn in as interim president on Monday, to restore civilian rule through “free, transparent and credible elections” after a transition and amnesty prisoners of conscience. In a speech after taking the oath of office, Nguema said the elections would be the stepping stone to “handing power back to the civilians,” although he did not give a timeline. Nguema said he […]

todaySeptember 4, 2023 13

NEWS

BREAKING: Ogun LG boss regains freedom from DSS custody 

The suspended Chairman of Ijebu East Local Government Area of Ogun State, Hon Wale Adedayo, detained since last Friday by the Department of State Security Services has regained his freedom. Adedayo, who spoke with our correspondent in Abeokuta shortly after he was released, disclosed that he was summoned by the DSS based on a petition written against him that he was making inciting comments that could jeopardize public peace. The […]

todaySeptember 4, 2023 9

NEWS

BREAKING: FG visits late Akinkunmi’s family

The delegation of the Federal Government led by the Minister of Information and National Orientation, Mohammed Idris, on Monday, visited the family of Taiwo Akinkunmi, the designer of the Nigerian national flag, who died at the age of 84 in Ibadan, Oyo State capital. Akinkunmi died on Tuesday after a brief illness. One of his children announced this through his Facebook account.

todaySeptember 4, 2023 13

SPORTS

‘Why Liverpool need Ndidi’

With less than 48 hours to the close of the summer transfer window, Liverpool are still in the market for a defensive midfielder and have identified Nigeria international Wilfred Ndidi as the man for the position. The midfielder has just a year left on his contract with Leicester City and the Foxes are hoping to make some money from the sale of the midfielder, rather than lose him for free. Transfer […]

todayAugust 31, 2023 17

BUSINESS

Vandalised pipelines: Marketers predict more fuel queues

Petrol queues lingered across Lagos and Ogun states on Wednesday, just as oil marketers predicted tougher days ahead in terms of product availability. Several motorists were seen on queues at filling stations across the states with some oil sector operators saying the fuel scarcity might not go away any time soon. In an update on the prevailing situation, the Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria, Lagos, […]

todayAugust 31, 2023 11

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