archiveJanuary 21, 2022

says 443,946 depositors of liquidated banks receive N8,268bn The Nigeria Deposit Insurance Corporation (NDIC), advised members of the public to be wary of fraudsters camouflaging as investment outfits in the mould of Ponzi schemes and wonder banks. Th Corporation stressed: in 2022 fiscal year, Nigerians should steer clear of anything...

The Assets Management Corporation of Nigeria (AMCON) has assumed control of the Ibadan Electricity Distribution Company (IBEDC) Ltd over insolvency. The Chief Operating Officer (COO), Engineer John Ayodele confirmed the development in a memo to members of staff. IBEDC distributes electricity to consumers in Oyo, Osun, Ogun, and Ondo as...

LPG now designated fuel of choice in Nigeria as 20-million Cylinder Injection Scheme set-up Nigeria presents a unique LPG investment destination, VP adds "The world should not have to choose between energy poverty and climate change as this can be addressed with both natural gas and Liquified Petroleum Gas as...

VP, 11 other world leaders deliver Special Addresses at virtual World Economic Forum Lists emergence of Unicorns in Nigeria, other economic leaps There are giant strides recorded across Africa but there are still challenges to overcome for which reasons, “we need partnerships that help to tackle climate change, address security...

Oyo State Governor, ‘Seyi Makinde, on Friday, described the death of the General Manager of the Shooting Stars Supporters’ Club (3SC), Mr. Rasheed Balogun, as sad and shocking. He prayed for the repose of the soul of the football chief, who described as hard working and committed, noting that his...

  Human Rights Activist Shehu Sani has reacted to the wicked act of a school teacher Abdulmalik Mohammad Tanko, who played part in the abduction and killing of a pupil in Kano State. The prime suspect upon his arrest had narrated how he and other accomplices abducted five-year-old Hanifa Abubakar...

  The Federal Government has urged the Nigeria Customs Service (NCS) to generate N3.019 trillion revenue in 2022. According to The Nation, Customs Public Relations Officer (PRO) Mr. Joseph Attah, who broke the news in Abuja, noted that plans were underway to surpass the target. The NCS had last year...

President of the Christian Association of Nigeria (CAN), Rev. Olasupo Ayokunle, has called on Nigerians to embrace religious harmony and live in peace. Ayokunle said this at the inauguration of a secretariat built for CAN in the Irewole local government area of Osun by the Balogun Musulumi of Ikire, Bola...

  Nigeria cannot display rice pyramid and masses are hungry Governor Samuel Ortom of Benue state, Thursday, said Nigerians are feeling very sorry for electing President Muhammadu Buhari and the All Progressives Congress, APC, in 2015 considering the level of insecurity and biting economic hardship in the country. The Governor...

The House of Representatives has passed for second reading a bill seeking to repeal the Investment and Securities Act 2007, and to enact the Investments and Securities Act, 2021, to empower the Securities and Exchange Commission (SEC) to address the challenges of Ponzi schemes such as enter and seal up...