archiveOctober 2023

    You would recall that the unfortunate death of Ilerioluwa Oladimeji Aloba (a.ka. Mohbad) on 12th September, 2023 triggered widely-held suspicions on the circumstances of his death and allegations of complicity of some personalities in the process. In consequence, I inaugurated a Special Investigation Team with the main task...

Participants in Oyo State’s Youth Entrepreneurship in Agribusiness Project (YEAP) are to benefit from the N500 Million loan the government is rolling out to support agribusiness as part of its Sustainable Actions for Economic Recovery (SAfER). YEAP is an Oyo State programme targeted at training young people in modern technology-driven...

The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIBF) has been listed on Nigerian Exchange Limited (NGX). The listed, which took place on Thursday 5 October, was commemorated with a Closing Gong Ceremony where the management of the Funds engaged market...

VFD Group Plc, a sector-agnostic proprietary investment company, has been listed on the Main Board of Nigerian Exchange Limited (NGX). On Friday, October 6, 2023, the official listing was celebrated with a Closing Gong ceremony and a Fact Behind the Listing Presentation, marking a key milestone in the company's history....

The Economic and Financial Crimes Commission (EFCC) National Judicial Institute (NJI) and other stakeholders in the anti-graft war, have called for  a robust,  globally-acceptable  legislation to tackle the issue of unexplained wealth in Nigeria. This call came out of a Communique issued on Thursday, October 5, 2023 at the end...

  Former Manchester United midfielder Paul Pogba is facing the risk of a four-year football ban after counter-analysis on a B sample tested positive. The France international has not featured for Juventus since he was suspended from playing after it was confirmed he had failed a drugs test. After being...

The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC) Mr. Bello Hassan has urged Nigerians to be cautious of illegal fund managers, often referred to as "Wonder Banks" or "Ponzi Schemes." These entities offer high-interest rates and profits that are too good to be true, leading to devastating losses for...

The Federal Government initiated the bidding process yesterday for the second phase of the National Mass Metering Program (NMMP). This phase is set to receive funding from a $500 million loan provided by the World Bank. The event held in Abuja saw the participation of 47 firms, including both local...

There are fears that the prices of fuel products may increase further as irregular foreign exchange rate fluctuations, has left many petroleum product depots vacant. Consequently, oil marketers, on Thursday, expressed worries, stressing that the rise in the landing price of Premium Motor Spirit, more commonly known as petrol, may...

Guinness Nigeria on Thursday announced that, with effect from April 2024, it will no longer import or distribute certain Diageo international premium spirits products. According to a press release which served as a notice to the Nigerian Exchange and the general public, signed by the spokesperson of Guinness Nigeria, Rotimi...