archiveJuly 8, 2020

As the acting chairman of the EFCC faces presidential panel over alleged diversion of recovered loots, an unconfirmed report broke out on social media. The report claimed that the Economic and Financial Crime Commission (EFCC) boss, Ibrahim Magu told the panel that he gave Vice President Yemi Osinbajo N4 billion....

Access Bank Plc has commenced discussion towards full acquisition of Zambia-based financial institution, Cavmont Bank Limited through its Zambian subsidiary, Access Bank Zambia Limited. Access Bank in a regulatory filing at the Nigerian Stock Exchange (NSE), stated that it has started entered discussions to acquire 100 per cent equity stake...

The Federal Executive Council (FEC) meeting on Wednesday approved projects worth a total of N109,187,264,000 for Ministry of Works and Housing and the Ministry of Education. The meeting, presided over by President Muhammed Buhari, had received two memoranda from the Ministry of Works and Housing and one from Education. These...

The penalty and interest waiver window on tax debts, owed by businesses and persons, earlier due on 30th June would now run out by 31st August, the Federal Inland Revenue Service (FIRS) said Wednesday. The extension forms part of the buffers offered by the fiscal authority, FIRS Chair Mr Muhammadu...

Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest. Specifically, the All-Share Index rose by 180.59 points or 0.75 per cent to close at 24,278.07 compared with 24,097.48 recorded on Tuesday. Similarly, the market capitalisation which...

The Nigerian National Mirror/Technical Committee on Electromedical Equipment will adopt 16 International Standards on essential electro-medical equipment. Mr Osita Aboloma, the Director-General, Standards Organisation of Nigeria (SON), made this known at a webinar on Wednesday in Lagos. Aboloma was represented by Mrs Chinyere Egwuonwu, the Director, Standards Development, at the...

A non-governmental organisation, Coalition Against Corruption and Bad Governance (CACOBAG), has urged thorough investigation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu. The Chairman of CACOBAG, Prince Toyin Raheem, made the call in an interview with the News Agency of Nigeria (NAN) on...

The National Agency for Food and Drug Administration and Control (NAFDAC) in Jigawa state has announced 80 per cent discount for registration of new Micro, Small and Medium Enterprises (MSMEs) in the state. The agency’s Coordinator in the state, Mr AbdusSalam Lawan, stated this in an interview with the News...

The Vice Chancellor, University of Lagos, Prof. Oluwatoyin Ogundipe says the institution would welcome more collaboration with the public in a bid to execute projects lined up, to further enhance its productivity. Ogundipe spoke on the sidelines of the commissioning of the Faculty of Engineering Webinar Room and the Auto...

The Economic and Financial Crimes Commission (EFCC) on Wednesday presented two additional witnesses against Senator Shehu Sani before Justice I.E. Ekwo of the Federal High Court Abuja. One of the witnesses, Mohammed Sani, son of Kaduna-based Alhaji Sani Dauda (ASD), who is the plaintiff in the matter disclosed how he...