archiveJuly 2023

  Kano State Governor, Abba Kabir Yusuf, has criticized the Federal Government’s allocation of N500 billion through the Bank of Industry to support small-scale industries across the country’s geo-political zones. Yusuf made the review during a meeting with representatives from the Kano Cooperative Society at the state government house. The...

    A Nigerian Air Force (NAF) FT-7NI trainer aircraft has crashed in Makurdi, the Benue State capital. According to media reports, the unfortunate incident happened on Friday evening, during a routine training exercise. The incident was confirmed by the NAF Director of Public Relations and Information, Air Commodore Edward...

  President Bola Tinubu will travel to Nairobi, Kenya on Saturday, July 15, to participate in the Fifth Mid-Year Coordination Meeting (5thMYCM) of the African Union (AU), the Regional Economic Communities (RECs), the Regional Mechanisms (RMs), and the African Union Member States. As the chairperson of ECOWAS, the Nigerian President,...

Nigerians, and other foreign nationals coming into the United Kingdom will have to pay more for visa applications. Also, the Immigration Health Surcharge paid by immigrants applying for visas will “increase significantly”, the United Kingdom has said. The British Prime Minister, Rishi Sunak, made the announcement on the increase in...

  The African Development Bank (AfDB) said Nigeria loses $29 billion due to poor power supply annually while manufacturers in the country spend as much as N10.1 trillion on energy. AfDB president Dr. Akinwumi Adesina made this disclosure on Thursday as he raised concerns over the epileptic power supply in...

  President of the Senate, Godswill Akpabio has advised the political class to allow their aspirations for political offices to be guided by clear vision and mission for their constituents. He gave the charge while speaking at the funeral service in honour of Late Deaconese Aniema Donald Etiebet, daughter of...

  The Nigerian Electricity Regulatory Commission (NERC) has urged consumers of electricity to express their opinions following 11 Electricity Distribution Companies (DisCos) application for fresh tariff review. The new application aims at getting approval from NERC to go ahead with their upward review of the electricity tariff previously scheduled to...

Any investor looking to acquire up to 5 per cent stake of any bank in Nigeria will need to obtain prior approval and no objection from the Central Bank of Nigeria (CBN). This is according to section 20.2 of the new Corporate Governance Guidelines for Commercial, Merchant, Non-Interest, and Payment...

  Dangote Cement has concluded plans to expand its production capacity with the construction of a new 6Mt integrated cement plant in Itori, Ogun State, according to the company’s Group Managing Director, Arvind Pathak. He also disclosed that Dangote Cement will soon deploy grinding plants in Ghana and Cote d’Ivoire...

A High Court in Abuja has nullified the arrest, detention and interrogation of the suspended governor of the Central Bank of Nigeria (CBN) Godwin Emefiele by the Department of State Services (DSS). The court, presided by Bello Kawu, ordered Emefiele’s release. The judge described Emefiele’s arrest and detention as illegal....