archiveSeptember 2024

  By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi...

  Polaris Bank has been inducted a premium member of the prestigious Nigeria-British Chamber of Commerce (NBCC), marking another milestone in the Bank’s journey towards enhancing profitable trade between businesses in Nigeria and promoting global commercial partnerships with businesses in United Kingdom. The induction ceremony which took place recently in...

  Partners for the eighth annual conference of the Guild of Corporate Online Publishers (GOCOP) have begun to emerge with the Nigerian Content Development and Monitoring Board (NCDMB), Emadeb Group and Dangote Group leading the train of partners for the event slated for Thursday, October 3, 2024 at the Reverton...

    sets 30-day compliance deadline   All Payment Service Providers have been mandated by the Central Bank of Nigeria (CBN) to channel all transactions from Point of Sales (PoS) terminals, whether at physical or electronic merchant and agent locations, through a CBN-approved Payment Terminal Service Aggregator. CBN also issued...

  The Nigerian Electricity Regulatory Commission (NERC) has imposed a significant fine on Abuja Electricity Distribution Company (AEDC) for overbilling customers. The fine, amounting to N1.69 billion, is the result of AEDC’s non-compliance with NERC’s previous order on capping estimated billing for electricity consumers. According to NERC’s investigation, AEDC overcharged...

    The Lagos State government has announced plans to shut and divert traffic on the Eko Bridge to allow reconstruction work. In a statement on Friday, Oluwaseun Osiyemi, the Commissioner for Transportation in Lagos, said the diversion will commence on September 26 and last for eight weeks. Osiyemi said...

  The Federal Government, on Thursday, signed the Cape Town Convention (CTC) Practice Directions in a move to reduce the cost of airline operations in the Nigerian aviation sector. The agreement was made by the Chief Judge of the Federal High Court, Justice John Terhemba Tsoho, during a stakeholders’ meeting...

President Bola Tinubu has claimed that there has been a positive shift in the country’s economy. He expressed confidence in the reforms introduced by his administration, stating that they will create a more robust economy and usher in a new era of prosperity for Nigerians. Speaking via a statement issued...

The National Emergency Management Agency (NEMA) has reported that 1,048,312 people have been affected by flooding in Nigeria between April and September 2024. The Director-General of NEMA, Mrs Zubaida Umar, disclosed this at the National Emergency Coordination Forum, ECF, in Abuja on Thursday. Umar stated that 625,239 persons had been...

A Department of State Services (DSS) memo that officially orders the arrest of Omoyele Sowore, upon his return to Nigeria, has been leaked. The memo, signed by a DSS official, Adeola D. Ali, under the directive of the newly appointed Director General of the DSS, Adeola Ajayi, cites Sowore’s involvement...