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NDIC COMMENCES PAYMENT of N16.18 BILLION LIQUIDATION DIVIDENDS TO DEPOSITORS AND OTHER STAKEHOLDERS OF 20 BANKS IN-LIQUIDATION

  Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18...

OGFZA SEEKS COLLABORATION WITH RIVER STATE GOVERNMENT ON JOB CREATION

The Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority, OGFZA, Sen. Tijjani Y. Kaura, is seeking collaboration with...

CUSTOMS DESTROY N12.8bn CONTRABAND IN LAGOS

The Nigeria Customs Service, has destroyed 96 containers of various illicit and expired drugs worth N12.8bn in Lagos State. Addressing journalists in the Epe area...

RAIL TRANSPORT PASSENGERS DECLINED BY 53.65% IN Q1 2023

The National Bureau of Statistics has disclosed that rail transportation passengers declined by 53.65 per cent from 953,099 in the first quarter of 2022...

CUSTOMS INTERCEPT OVER 100 SMUGGLED SUVS, OTHER VEHICLES.

The Nigeria Customs Service, says it has intercepted over 100 exotic vehicles, including various models of Sport Utility Vehicles, adding that 38 of them...

NNPCL ISSUES DIRECTIVE TO MARKETERS ON REFUND, NEW PRICE

  The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products. This...

NMDPRA RAISE ALARM OVER ILLEGAL PETROLEUM LIFTING.

  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised an alarm over the illegal petroleum lifting operations taking place at Bonny River...

A TOTAL OF 95,045 PARTICIPANTS HAVE CONTRIBUTED N436 MILLION UNDER THE MICRO PENSION PLAN (MPP)- PENCOM DG

  The National Pension Commission (PenCom) has revealed that a total of 95,045 participants have contributed N436 million under the Micro Pension Plan (MPP) as...

EMEFIELE, NOW IN DSS CUSTODY – DSS

The Department of State Services (DSS) has   confirmed that Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN) is now in...

DSS DENIES ARREST OF GOVERNOR OF CENTRAL BANK GODWIN EMEFIELE.

The Department of State Services (DSS) has confirmed that Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), is not in their...

BREAKING: PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR

President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing...

TELECOMS SECTOR CONTRIBUTES N2.508tr TO NIGERIA’S GDP

  Information Services sector in Nigeria, in the first quarter of 2023, contributed N2.508 trillion, in terms of financial value contribution to the nation’s Gross...

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PENSION FUNDS IN INFRASTRUCTURE GROWS BY 48.1% TO N262.6BN

By Kikelomo Okere Nigeria’s pension funds are ramping up investment in infrastructure, with allocations jumping 48.1 percent year-on-year to ₦262.6 billion in the first ten...

CBN APPROVES $150,000 WEEKLY FX SALES TO BDCS

By Kikelomo Okere The Central Bank of Nigeria has reopened the foreign exchange window to Bureau De Change operators, approving up to $150,000 in weekly...

IFAD GOVERNING COUNCIL AGRICULTURE MINISTER ABUBAKAR KYARI EMERGES CHAIRMAN

  Nigeria has secured a major boost on the global agricultural stage as the Minister of Agriculture and Food Security, Senator Abubakar Kyari, has been...

FG RESTORES CRITICAL ROAD LINKS, TACKLES FLOODING IN BAUCHI

The Federal Government has intensified efforts to restore critical road links and address flooding challenges in Bauchi State. This formed part of the North-East National...