archiveAugust 2021

The Tertiary Education Trust Fund (TETFund) says it has disbursed more than N300 billion this year to about 226 tertiary institutions for staff members training and infrastructure development. Alhaji Kashim Ibrahim-Imam, the Chairman, Board of Trustees, TETFund, disclosed this on Monday in Asaba at an audit and accounts reconciliatory meeting...

 The Nigerian stock market opened trading for the month of August on Monday with a growth of N30 billion. Speficially, the market capitalisation which opened at N20.083 trillion increased by N30 billion or 0.15 per cent to close at N20.113 trillion. Also, the All-Share Index inched higher by 57.64 points...

  allays fears over dom account deposits Following Monday’s commencement of the Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to sell foreign exchange to customers, for invisibles such as basic travel allowance, PTA, medical and tuition etc, the Bank has assured members of the banking public...

  The Economic and Financial Crimes Commission (EFCC) wishes to dissociate itself from claims by Ismaila Mustapha, alias Mompha, currently circulating in the social media, that he was advised by the Commission to maintain a low profile in the wake of the indictment of his friend, Abbas Ramon alias Hushpuppi...

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan stressed the need for the media to ensure accurate and factual coverage of the banking industry especially in terms of reporting on the perceived impact and threats on depositors’ funds and the activities of financial system...

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, August 2, 2021, adjourned till October 22, 2021 for ruling on the no-case submission filed by Kayode Odukoya, Managing Director and Chief Executive Officer of First Nation Airways Limited, who is being prosecuted for an alleged...

The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the ₦188.15billion sales recorded in the previous month of February 2021....

explains why state is fixing Oyo-Iseyin Road The Oyo State Government has signed a memorandum of understanding with the CSS Global Integrated Farms in Nasarawa State to train 3,300 youths from the state on agriculture and agribusiness. The state governor, 'Seyi Makinde, made this disclosure at the Stakeholders Consultative Meeting...

MTN Nigeria plans to invest 600 billion naira ($1.5 billion) over the next three years to expand broadband access in Africa’s most populous country, its chief executive said on Monday. “Operationally, our mobile subscribers closed H1 at 68.9 million, down 9.9% from December 2020. This was due to the regulatory...