archiveMay 2020

Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance. Categories in the award include Top Innovations in Corporate Finance, Payments,...

President Muhammadu Buhari has approved the establishment of the first set of 12 TETFund “centres of excellence”, two in each of the six geopolitical zones of Nigeria. The first set of the institutions, which will focus on research in science-based disciplines, will be hosted by federal universities. The Director, Physical...

The United States Government has rejected plans by the African Development Bank’s (AfDB) board to end an investigation into its President, Akinwumi Adesina, and called for an independent probe into allegations against him. Some staff of the AfDB had accused Adesina of 20 breaches of the bank’s code of conduct,...

Economic analysts on Monday advised the Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), to hold all rates, citing the global crisis occasioned by Coronavirus pandemic as its decision. The experts gave the advice in separate interviews with News Agency of Nigeria (NAN), in Lagos ahead of...

Mr Oscar Onyema, Chief Executive Officer, the Nigerian Stock Exchange (NSE) has expressed optimism that fixed income market would experience increased activity due to the COVID-19 pandemic. The News Agency of Nigeria (NAN) reports that Onyema said this on Monday at a virtual event to mark the 10th anniversary of...

The passing-out ceremony for the 2019 Batch “B”, Stream 1 corps members will hold nationwide on May 28, according to the National Youth Service Corp (NYSC). Mrs Adenike Adeyemi, the Director, Press and Public Relations of NYSC, said this in a statement issued in Abuja on Monday. Adeyemi said that...

 Spain, on Monday, urged foreign tourists to return from July as one of Europe’s strictest lockdowns eased, with streets gradually filling again and some pupils returning to school. The world’s second-most visited nation closed its doors and beaches in March to handle the COVID-19 pandemic but has seen out the...

The Federal Government has said that 69 stranded persons including 50 trafficked Nigerian ladies arrived in the country from Lebanon on Sunday. The Minister of Foreign Affairs, Geoffrey Onyeama, disclosed this via his Twitter handle while appreciating the Lebanese Government and the Lebanese community in Nigeria for their support in...

A group, the Energy Consumer Rights and Responsibilities Initiative (ECRRI) on Monday backed Senate’s call for suspension of increment in electricity tariffs by electricity Distribution Companies (DisCos). Mr Sural Fadairo, ECCRI National President, told the News Agency of Nigeria (NAN)  in Lagos that the tariff increment billed to commence on...

Gov. Adegboyega Oyetola of Osun has described the death of Alhaji Waheed Bakare, Saturday Editor of The New Telegraph Newspapers, as “a devastating blow and a great loss to his immediate family and journalism in Nigeria”. Oyetola, in a statement by his Chief Press Secretary, Ismail Omipidan, on Monday in...