archiveAugust 2020

The Christian Association of Nigeria (CAN) has rejected the Companies and Allied Matters Act, 2020 that was recently assented to by President Muhammadu Buhari. CAN describes the act as unacceptable, ungodly, reprehensible and an ill-wind that blows no one any good. The association called on the Federal Government to stop...

The African Development Bank Group (AfDB) has announced the debarment of four Nigerian registered companies for 24 months over fraudulent practices. The AfDB’s Communications and External Relations Department made this known in a statement in Abuja on Thursday. It named the companies as Sangtech International Services Limited, Sangar & Associates...

Operatives of the Port Harcourt zonal office of the Economic and Financial Crimes Commission (EFCC) have arrested four students of the University of Port Harcourt for their alleged involvement in internet fraud. The quartet, who allegedly defrauded 15 victims of $111,500 (One Hundred and Eleven Thousand, Five Hundred United States...

Liverpool Football Club will begin their English Premier League (EPL) title defence on Sept. 12 at Anfield when they face newly-promoted Leeds United FC. Manchester City and Manchester United will not participate in the competition until Sept. 19, after they were given 30 days to rest following the end of...

    The Economic and Financial Crimes Commission (EFCC) Port Harcourt zonal office on Thursday, August 20, 2020, secured the conviction of Chamseddine Waell Mohammed and Dina Jihad Khali who both pleaded guilty to separate one count charge of money laundering preferred against them by the Commission. The offences run...

Lebanon on Thursday continued to receive donations from foreign countries in support for the country following the explosions that rocked Beirut’s port on Aug. 4, LBCI local TV channel reported. Iraq sent its second shipment of gas oil to Lebanon to be used in power generation. A Moroccan aircraft landed...

President of the Senate, Senator Ahmad Lawan and the Chairman, Senate Committee on Finance, Senator Solomon Adeola on Thursday during Day 2 of a Public Hearing on the 2021-2023 Medium Term Expenditure Framework And Fiscal Strategy Paper (MTEF/FSP), which held at the National Assembly, Abuja....

  * 3 new additional directors in the offing President Muhammadu Buhari has approved the renewal of the appointment of Mr Joseph Chiedu Ugbo as the Managing Director of Niger Delta Power Holding Company and Messrs Babayo Shehu and Ifeoluwa Oyedele as Executive Directors respectively. This renewal will take effect...

Vice President Yemi Osinbajo on Thursday presided over a virtual meeting of the National Economic Council (NEC) at the Presidential Villa, Abuja. The meeting was the third virtual meeting as the nation complies with the Nigeria Centre for Disease Control (NCDC) protocol on COVID-19 pandemic. The governors joined the virtual...

The Asset Management Company of Nigeria (AMCON) has taken over assets belonging to a Lagos-based technology deployment solutions provider, Northrich Technologies Limited, over the latter’s failure to settle a N500 million debt. AMCON’s Head of Corporate Communications, Jude Nwauzor, said this on Wednesday in a statement titled ‘AMCON Takes over...