archiveJuly 12, 2023

  The Nigerian Senate on Tuesday resolved to probe the disbursement of loans by the Development Bank of Nigeria from 2015 till date. This is to ascertain its equitability across the country. The Senate resolution followed a motion sponsored by Senator Mohammed Ali Ndume, representing Borno South Senatorial District, who...

President of the Senate, Godswill Akpabio, on Wednesday assured the Turkish Government of the readiness of the Federal Government to sustain the bilateral agreement reached between Nigeria and Turkey in the area of education, health and military collaboration to fight terrorism and insecurity. He also promised that The10th Senate will...

President Bola Ahmed Tinubu on Wednesday in Abuja assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out, explaining that the decision to phase out the subsidy was taken in the best interest of the country. He said the decision would...

The Central Bank of Nigeria (CBN) has released its official list of International Money Transfer Operators (IMTOs) in Nigeria. The current list has been extended from about 47 in 2021 to 62 in the latest press release by the apex bank. IMTOs are companies or organizations authorized by the CBN...

    Nigeria has redeemed a $500 million Eurobond, the Debt Management Office (DMO), said on Wednesday. Eurobond is a debt instrument, which is denominated in a currency other than the home currency of the country or market, in which it is issued. The DMO in a press statement on...

The Federal Government has released the results of the 2023 National Common Entrance Examination (NCEE) to 110 Federal Government colleges, also known as Unity Schools, across the country. A total of six candidates scored 01 in the examination, while a total of 76 pupils had the highest score of 203....

  President Bola Tinubu has sought an amendment to the 2022 Supplementary Appropriation Act via a letter addressed to the National Assembly to allow the Federal Government to source N500 billion from the N819.5 billion 2022 supplementary budget. The Speaker of the House of Representatives, Tajudeen Abbas read the President’s...

Nigerian Exchange Limited (NGX) says it plans to work with the government on the introduction of fiscal category incentives as well as advocacy for listed companies on their challenges. Temi Popoola, Chief Executive Officer, NGX, disclosed this during Closing Gong Ceremony held in honour of the new Chief Executive Officer,...

  Vice President Kashim Shettima has called on the leadership of the House of Representatives to support President Bola Tinubu administration’s efforts to transform the country. Shettima made the call on Tuesday in Abuja when he received the leadership of the 10th House of Representatives on a courtesy visit at...

Chairman of Honeywell Group, Oba Otudeko, has asked First Bank Nigeria (FBN) Holdings to disregard Ecobank’s request for it to reject his acquisition of 4.77 billion shares. It would be recalled that recently, Honeywell Group, through its affiliate, Barbican Capital Limited, acquired a total of 4,770,269,843 units of FBN Holdings’...