archiveFebruary 18, 2025

The Central Bank of Nigeria has issued a directive to bank directors with non-performing insider-related loans to step down immediately while ordering banks to commence remediation of the loan default of the affected individuals through collateral forfeiture. “Directors with non-performing insider-related facilities are required to step down immediately from the...

• insists NNPC Ltd didn’t import products this year • says importation a standard industry practice worldwide The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunatedrama and bad marketing practice. Kyari, who...

Oyo State governor, 'Seyi Makinde, has canvassed for greater involvement and engagement of subnationals in the quest to increase trades and investments in Africa. The governor stated that though discourses and action plans on trades, investments and integrating the economies of Africa are held at the national level, it is...

Nigeria’s transport sector is set for a revolution as the Lagos-Abuja High-Speed Bullet Train gains momentum, reducing travel time between both cities from 12 hours to just 2–3 hours. The Director of Operations at Geofocus Consortium, Engineer Yinka Idris, in a statement made available to journalists on Tuesday, described the...

Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing ₦1 trillion. This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent...

In continuation of his infrastructural development of Anambra State, Governor Charles Soludo is constructing a primary healthcare centre for Nawfia community and has just completed the Afor Nawfia Bypass to the Onitsha-Enugu Expressway, in Njikoka Local Government Area . Daniel Okoye, the President General of Nawfia, stated that before now,...

Former President Goodluck Jonathan has criticised the deployment of military personnel for election duties in Nigeria, saying that it overstretched the military. Speaking at the public presentation of a book by a former Inspector General of Police, Solomon Arase, in Abuja on Tuesday, Jonathan stated that elections should be primarily...

The House of Representatives has called for a more aggressive crackdown on the production and distribution of counterfeit and expired drugs in Nigeria, following the recent discovery of an illegal drug manufacturing facility in Osisioma Ngwa Local Government Area (LGA) of Abia State. The resolution was moved by Hon. Nnamdi...

The Oyo State chapter of the Nigeria Labour Congress brought operations at the Ibadan Electricity Distribution Company (IBDC) to a standstill on Tuesday, staging a massive protest over the recent dismissal of over 3,000 employees. Led by its Chairman, Kayode Martin, the union members barricaded the entrance to the IBEDC...

Terseer Ugbor, a member of the House of Representatives representing Kwande/Ushongu Federal Constituency in Benue, has raised an urgent alarm over the growing threat of Fulani bandits in the state. According to Ugbor, over 40% of Benue State’s arable farmlands have been overtaken by the bandits, putting the state’s food...