archiveDecember 4, 2024

  In a major boost to the operations of the Securities and Exchange Commission (SEC)and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024.   The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, was passed...

• says participation is entirely voluntary The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. Hakama Sidi Ali, acting director of Corporate Communications, CBN, Abuja, on Wednesday, December...

The trial of the immediate past Governor of Kwara State, Alhaji Abdulfatah Ahmed and his Finance Commissioner, Ademola Banu over alleged stealing and mismanagement of public funds to the tune of N5.78billion got underway on Wednesday, December 4, 2024 before Justice Mahmud Abdulgafar of the Kwara State High siting in...

• hails Adeleke on infrastructure projects Oyo State governor, 'Seyi Makinde, has declared that the national chairman of the All Progressives Congress (APC), Alhaji Ibrahim Ganduje, might have been a bit distracted when he said that his party would capture Osun and Oyo states. The governor maintained that the statement,...

A bill seeking the creation of a Coastal State out of the present Ondo State scaled its first reading at the Senate on Wednesday. The bill sponsored by Jimoh Ibrahim, senator representing Ondo South Senatorial District, is seeking constitutional amendment to allow creation of coastal state from Ondo State. Ibrahim...

The Society for the Welfare of Unemployed Youths of Nigeria (SWUYN) has expressed support for the upcoming launch of the National Youth Unemployment Benefits Scheme, urging the government to take decisive action. The group appealed to the Minister of Finance, Mr. Adebayo Olawale Edun, to ensure the scheme becomes operational,...

Human rights lawyer, Femi Falana, SAN, has called for caution on the part of the Nigeria Police Force, saying the arrest and detention of an activist, Dele Farotimi, is illegal. In a statement made available to journalists, Falana stated: “Without any fear of contradiction, Lagos State is among the two...

The National Orientation Agency (NOA) has said that the tax reform bills before the National Assembly will lessen the burden on Nigerians while also protecting the less privileged. NOA Director General, Lanre Issa-Onilu, stated this in Abeokuta on Wednesday. “By supporting this effort, we can create a tax system that...

The Lagos State Special Offences Court in Ikeja has issued a bench warrant against the former Managing Director of the Asset Management Corporation of Nigeria(AMCON) Ahmed Kuru, over alleged N76 billion and $31.5m of fraud. The court had scheduled Tuesday to arraign Kuru along with the Managing Director of Arik...

The NNPC Ltd has reiterated its commitment to advancing local content development in Nigeria's energy sector and drive sustainable growth of the industry. This commitment was made by the Group Chief Executive Officer, GCEO, Mallam Mele Kyari at the ongoing 13th Practical Nigerian Content (PNC) Forum in Yenagoa, Bayelsa State....