archiveJune 2022

Nigerian Exchange Limited (“NGX”) and Bank of Industry (“BOI”) have signed a Memorandum of Understanding (MoU) to deepen capital market reach, build the capacity of stakeholders through financial literacy programs, facilitate market advocacy initiatives and promote listings. The announcement was made during the signing ceremony led by the Chief Executive...

The Senate, on Wednesday, screened and confirmed the seven ministerial nominees whose names were sent last week by President Muhammadu Buhari for confirmation as Minister-designates. The screening exercise which started at about 12 noon lasted till 4:37 p.m. Those screened and confirmed as minister-designates include Henry Ikechukwu Ikoh (Abia), Umana...

The Socio-economic Rights and Accountability Project (SERAP) on Wednesday called on the Federal Government to enactment an audit law to fight against debt crisis and revenue issues in the county. The Executive Director of Paradigm  Leaders Support Initiative (PLSI), Mr Segun Elemo gave the advice in Ikeja at an interactive...

  Trading activities on the Nigerian Exchange Limited (NGX) on Wednesday closed flat, despite an increase in the volume of shares traded by investors in the market. Despite the interest of investors in the stocks of MTN Nigeria, Guaranty Trust Holding Company and Ecobank Transnational Incorporated investors demand for FBN...

The House of Representatives has resolved to set up an Ad-hoc Committee, to investigate the Petroleum Products Subsidy regime in Nigeria from 2017 to 2021. The resolution was passed, following the adoption of a motion sponsored by Hon Sergius Ose Ogun, who emphasised the need for accountability of public office...

Justice Agatha Okeke of the Federal High Court, Uyo has convicted and sentenced a notorious international fraudster, Scales Olatunji, to 235-year imprisonment for internet fraud and money laundering. Olatunji was arraigned on July 2, 2019 on 45-count charges bordering on identity theft, money laundering and conspiracy. He pleaded “not guilty”...

The World Bank has discovered that the COVID-19 pandemic caused a large increase in digital payments amid the global expansion of formal financial services. This created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks, Global Findex...

Senator representing Kano Central Senatorial District, Ibrahim Shekarau, has resigned his membership of the All Progressives Congress and joined the New Nigeria Peoples Party (NNPP). The lawmaker in a defection letter read during plenary by the Senate President, Ahmad Lawan, informed the chamber that his decision to quit the ruling...

President of the Senate, Ahmad Lawan, has disclosed that a delegation from its Committee on Foreign Affairs would depart Nigeria for London on July 1, 2022, to pay a visit to Senator Ike Ekweremadu and his wife, who are both presently in detention over an allegation of organ harvesting. Lawan...

The Lagos State Government through the Ministry of Health has unveiled a policy document on safe termination of pregnancy. The 40-page policy document, tagged “Lagos State Guidelines on Safe Termination of Pregnancy for Legal Indications”, sets out guidelines for safe termination of pregnancy within the ambit of the criminal law...