archiveAugust 18, 2020

Prof. Adesoji Adesugba, Managing Director, Nigeria Export Processing Zones Authority (NEPZA), has described the Dangote Petrochemical Free Trade Zone Enterprise as a ‘one-world project’, capable of fast- tracking the country’s industrialisation process. Adesugba made the remark in a statement issued by NEPZA’s Head, Corporate Communications, Martins Odeh, on Tuesday in...

Justice Oluwatoyin Taiwo of the Lagos State Special Offences Court, Ikeja has convicted and sentenced Abiona Akinyemi Festus to two-year imprisonment for internet fraud. The convict who was prosecuted by the Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) on a two-count charge of internet fraud was...

  The Nigeria Union of Journalists (NUJ) has condemned the imposition of N5 million fine on Nigeria Info radio stationby the National Broadcasting Commission (NBC) over an alleged hate speech. The National President of NUJ, Comrade Chris Isiguzo in a statement issued on Tuesday demanded that the NBC withdraw the...

The House of Representatives on Tuesday suspended its investigative hearing on Nigeria’s external borrowings and commercial agreements with other countries, especially China. The House Committee on Treaties, Protocols, and Agreements had invited several ministers and top officials of the Federal Government to the third hearing on Tuesday. Expected at the...

Access Bank Plc said it has secured a Subordinated Syndicated Loan Agreement with the Dutch development bank FMO, the French private sector development bank Proparco, and a leading investment firm, Symbiotics amounting to $93.8 million. The lender said the tier-II capital facility was structured as a “10 years non-call 5...

 The Supreme Council for Shari’ah in Nigeria,  has urged Kano State Government to execute the court judgement that found a singer guilty for blasphemy. In a statement signed by its Secretary General, Nafi’u Baba-Ahmad, Tuesday in Kaduna, the Shari’ah Council said executing the judgement will serve as deterrent to others....

Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate. The experts spoke with the News Agency of Nigeria (NAN) in Lagos. They reacted to July inflation figure released by the National Bureau of Satistics...

The Central Bank of Nigeria (CBN) has revealed that Nigerian banks have been able to recover about N50.32 million bad loans from debtors within nine-day the country commenced the operations of the Global Standing Instruction (GSI). The CBN Director of Financial Policy and Regulation, Kevin Amugo, who made the revelation...

  An Ikeja Chief Magistrates’ Court on Tuesday ordered that a 55-year-old man, Abdulrouf Akande, who allegedly defiled a 10-year-old girl, be remanded in the Kirikiri Correctional Centre, Lagos, pending legal advice. The police charged Akande, who resides at No. 5 Agric Road, Egan Igando, Lagos, with defilement. Chief Magistrate...

Nigeria’s request for a $1.5 billion budget support facility from the World Bank may not be granted approval in August as anticipated due to the concerns over desired reforms. This is according to sources privy to the talks which discussed with Reuters on Monday. A delay in financing from multilateral...