archiveMay 8, 2024

  The Nigerian Army has withdrawn its officials from the Okuama community in Ughelli South Local Government Area of Delta State. According to a statement by the Governor Sheriff Oborevwori, the withdrawal was confirmed during a phone conversation with the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, on Monday,...

  The presidency, through its Committee on Fiscal Policy and Tax Reforms, has announced that there is a need to increase the value-added tax (VAT) rate. Chairman of the committee, Taiwo Oyedele, disclosed this while informing Nigerians the VAT revenue-sharing formula would be reviewed. He spoke at a policy exposure...

  Cadbury Nigeria Plc has informed the Nigerian Exchange Limited (NGX), the investing public and other stakeholders of the resignation of its Finance Director, Ogaga Ologe. Ologe’s resignation as Cadbury Nigeria Plc’s Finance Director will be effective from July 22, 2024. “Ologe’s replacement will be announced in due course. The...

  The Economic and Financial Crimes Commission (EFCC) is to arraign former Aviation Minister, Hadi Sirika, before Justice Sylvanus Oriji of the High Court of the Federal Capital Territory (FCT), Maitama on Thursday. Sirika, a minister in the administration of former President Muhammadu Buhari, would be arraigned on a six...

  President Bola Tinubu is expected to inaugurate the Funtua Inland Dry Port in Katsina State on Thursday May 9th. Mrs Rebecca Adamu, Assistant Director, Public Relations Unit, Nigerian Shippers’ Council (NSC) stated this in an interview with the News Agency of Nigeria in Lagos on Wednesday. She said the...

    The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this in a circular dated May 6, 2024, and signed by its Director of Banking Supervision, Adetona Adedeji. Some bank customers had raised concerns after lenders began...

The Socio-Economic Rights and Accountability Project ( SERAP) has issued a warning to the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed by the Central Bank of Nigeria. SERAP also threatened to deal in legal action against the government if it failed to reverse the levy within...

  The Central Bank of Nigeria (CBN) has released a comprehensive list of licensed Deposit Money Banks (DMB) operating within the country. The list was made public on the CBN’s official website on Tuesday and it  provides insights into the banking landscape in Nigeria. Banks with international authorisation include Access...

    President Bola Tinubu and his aides have returned to Nigeria from Europe today, a statement by the Presidency has said. Special Adviser to the President on Information and Strategy, Bayo Onanuga, who announced the development in a post on his X handle today, welcomed the president into the...

  Photo caption From Left: Mr. Wale Edun, Honourable Minister of Finance; with Mr. Seleem Adegunwa,  Managing Director and Chief Executive Officer, Rite Foods Limited; Ms. Mariam Khan, Managing Director, Coca-Cola Nigeria Limited; and Mr. Goran Sladic, Managing Director, Nigerian Bottling Company Limited; during the presentation of the Non-Alcoholic Industry...