archiveSeptember 1, 2020

 Prof. Umar Danbatta, Executive Vice Chairman, Nigerian Communications Commission (NCC), says active GSM subscribers in the country have increased from 184 million in December 2019 to 199.3 million in May 2020. Danbatta made the disclosure at the virtual launch/award ceremony of the COVID-19 Research Grant presented to three startups, by...

    Kwara State Chief Judge, Justice Saitu Durotolorun Kawu has pledged the support of the state judiciary to the Economic and Financial Crimes Commission (EFCC) in its war against corruption in the country. Kawu made the pledge on Tuesday, September 1, 2020 while receiving the Ilorin zonal head of...

 The South African retail company, Shoprite Checkers (PTY) Ltd, on Tuesday filed an application seeking to discharge a mareva injunction stopping it from transferring its asset. Mareva injunction is a court order freezing a debtor’s assets to prevent them being taken abroad On July 14, Justice Mohammed Liman of the Federal...

Fidelity Bank Plc has written to the Nigerian Stock Exchange (NSE) to delay in publishing its financial statement for half year ended June 30 and that it would be released latest by September 28, 2020. The bank’s Company Secretary, Mrs Ezinwa Unuigboje, made this known in a notice posted on...

Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group, says the bank will ensure that Africa’s youths’ potential are fully unleashed through the establishment of Youth Entrepreneurship Investment Banks. Adesina made this known while giving his inaugural speech during a virtual ceremony of his the swearing-in on Tuesday in...

  challenges Outgo to provide evidence demands immediate retraction, apology   The Senate has challenged the Executive Director (Projects) of the Niger Delta Development Commission (NDDC), Cairo Ojuogboh, to provide evidence to back up his claim that members of the National Assembly were beneficiaries of COVID-19 palliatives from the Commission....

  As against the assurance that there would not be increase in electricity tariff until there is improvement in services provided by DISCOs and unmetered customers are given prepaid metres, Electricity Distribution Companies (DisCos) across the country on Tuesday began the implementation of a new electricity tariff regime. In press...

Governor Kayode Fayemi of Ekiti State has dropped the Commissioner for Health, Dr. Mojisola Yaya-Kolade and her counterpart in Environment ministry, Gbenga Agbeyo. He appointed eight members screened by the Funminiyi Afuye led-House of Assembly in a major executive council (exco) reshuffle on Monday. The new commissioners are Akin Omole...

  The Central Bank of Nigeria, CBN, has set N5 billion as minimum capital base for Mobile Money Operators in Nigeria, even as the apex bank is also willing to grant more licences for payment service banks. The Bank in a circular said that telecom firms, banking agents, retail chains...

Reelected President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has been sworn-in for a five-year second term. The swearing-in ceremony which held Tuesday was attended by Heads of States, Governors and other stakeholders who joined physically and virtually. The former Nigerian Minister of Agriculture was reelected last week...