archiveNovember 25, 2021

The Nigerian Depositors Insurance Corporation (NDIC) on Thursday declared that the corporation has paid a sum of N11.76 billion as insured sums to 535,815 depositors, while N101.666 billion had been paid as the uninsured sum from 1989 to June 30, 2021. The Managing Director, Chief Executive Officer of NDIC, Mr...

  The Defence Headquarters says troops of Operation Hadin Kai, have in the last two weeks eliminated more than 90 Boko Haram and Islamic States West Africa Province(ISWAP) terrorists in North East. Brig.-Gen. Bernard Onyeuko, the Acting Director, Defence Media Operations, disclosed this when he give an update on military...

World Health Organisation’s Regional Office for Europe on Thursday expressed grave concerns over increase in COVID-19 infections in the region. The office said, “we are very concerned naturally. No country can afford to be complacent and several countries in the European Region are experiencing a surge in cases, hospitalisation and...

  Former Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, has asked the Federal Government to work towards the restructuring of the country before the 2023 general elections in order to address some challenges confronting the nation. Jega who stated this while delivering the 2021 Public Lecture...

  Experts have expressed divergent views over the International Monetary Fund (IMF) advice to the Federal Government to ensure total removal of electricity and petrol subsidies.They expressed the views in interviews with the News Agency of Nigeria (NAN) in Lagos on Thursday. A financial analyst, Mr Johnson Chukwu, said the...

The Senate has dismissed the claim by the Minister of Finance, Ms. Zainab Ahmed, that the Federal Government was budgeting N5000 monthly transportation allowance for 40 million Nigerians, saying it is not aware of such arrangement in the 2022 budget. Mr. Solomon Adeola Olamilekan, Chairman of the Senate Committee on...

The Nigeria Labour Congress (NLC) has rejected the planned petroleum price increase by the Federal Government. NLC President, Comrade Ayuba Wabba, said this in a statement he issued to newsmen in Abuja, entitled: “Nigerian workers refused to take the bait”. According to him, the Group Managing Director, Nigerian National Petroleum...

Flour Mills of Nigeria Plc and Honeywell Flour Mills Plc have,in separate statements on Wednesday night, reacted to a seven-day ultimatum given them by Ecobank Nigeria asking Flour Mills to desist from consummating the planned takeover of Honeywell Flour Mills Plc on the ground that the company was hugely indebted...

Gov. Babajide Sanwo-Olu of Lagos State on Wednesday presented a budget of N1.388 trillion for 2022 to the State House of Assembly for approval. Presenting the budget, christened ”Budget of Consolidation”, Sanwo-Olu said that it was targeted at completing ongoing projects in the state. ”The year 2022 is a year...

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD) 2021...