Nigeria News
APGA fires factional chairmen, upturns Anambra aspirants’ disqualification
THE leadership crisis rocking the All Progressives Grand Alliance has taken a turn for the worse. The party’s National Executive Committee, met in Abuja, on Tuesday, after which it announced the sack of the party’s National Chairman, Chief Victor Oye, and the indefinite suspension of six other members for anti-party activities. It also announced Chief […]
It’s Maduka Moment Everywhere in Anambra
Tony Amadi writes that Dr. Godwin Maduka, the Harvard-trained medical doctor and leading candidate for the Peoples Democratic Party ticket to govern Anambra State has put forward a very strong case across the state that he should win not only the primary but the ultimate main election in November The Anambra State gubernatorial primaries is coming […]
FG to Receive 3.92m Doses of AstraZeneca Vaccine by July
Nigeria is gearing up for the resumption of vaccination of people for COVID-19 as it expects another shipment of 3.92 million AstraZeneca vaccine to arrive in the country between July and August. The Executive Director of the National Primary Healthcare Development Agency (NPHCDA), Dr. Faisal Shuaib, said yesterday during a media briefing in Abuja that […]
How minister laundered $37m through property deal – EFCC chair
THE Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has described the real estate sector as one with grand scale corruption in the country. The EFCC boss added that about 90 to 100 percent of resources are being laundered through the sector. Bawa stated this while featuring on Sunrise Daily, a current affairs […]
Twitter ban: No platform should cause war here, says Lai
The Federal Government on Tuesday confirmed that Twitter had formally written to seek dialogue with Nigerian government on issues leading to the indefinite suspension of its operations in the country. Mohammed said this when he featured on ‘Politics Nationwide,’ a call-in programme of the Federal Radio Corporation of Nigeria. “I can confirm that Twitter has […]
Constitution Amendment: Reasons Behind Judiciary Reform Proposals
On June 3, 2021, the Chief Justice of Nigeria (CJN), Hon. Justice Ibrahim Tanko Muhammad submitted some proposals to the National Assembly, ostensibly to alter some provisions of the Constitution concerning the Judiciary Arm of Government. The CJN made this submission in the paper he presented as recommendations of the Judiciary on the occasion of […]
No fresh primary in any council, says APC
The All Progressives Congress, Lagos State chapter, has said there is no fresh primary schedule for any council in the state. It added that no result from the primaries held in the 57 councils had been cancelled. It added that although there had been petitions against some candidates for the June 24 local government election […]
Clark Chastises President, Northern Elders for Silence over Jihadists’ Threat to Delta
The leader of Pan Niger Delta Forum (PANDEF) and Chairman of Southern and Middle Belt Leaders Forum (SMBLF), Chief Edwin Clark, yesterday expressed concern over the silence of President Muhammadu Buhari and Northern elders to threats by Fulani jihadists and Miyetti Allah to attack Delta State for supporting the ban on open grazing. He told […]
Nigeria Must Decentralise Now or Risk Disintegration, Soyinka Warns
A Nobel laureate, Prof. Wole Soyinka, yesterday stated that Nigeria cannot remain one country if it fails to decentralise as fast as possible, adding that analysts, retired generals and others have maintained the same position. Soyinka spoke to ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers, urging President Muhammadu Buhari to be more sensitive […]
SCOAN confirms TB Joshua’s burial programme
The Synagogue Church of All Nations has confirmed the burial programme of its late General Overseer, Prophet TB Joshua. The PUNCH had reported on Monday that the late cleric would be buried on July 9, 2021, on the premises of his church in Lagos State. The church statement on Monday read partly, “We know you are […]
Business News
Inflation pushed seven million Nigerians below poverty line – World Bank
The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020. This was contained in a press statement titled ‘Critical reforms needed to reduce inflation and accelerate the recovery, says new World Bank report’ released by the bank’s Senior External Affairs Officer for Nigeria, Mansir Nasir, on Tuesday. […]
Stanbic IBTC Bank Named ‘Best Sub-Custodian Bank’
Stanbic IBTC Bank Plc said it emerged ‘Best Sub-Custodian Bank in Nigeria’ at the 2021 edition of the Global Finance Best Sub-Custodian Bank Awards, for the tenth year in a row. The Global Finance Best Sub-Custodian Bank Awards is organised by the Global Finance Magazine and recognises banks that provided astounding services in customer relations, […]
NLNG Train 7 $10bn-investment begins, Buhari warns against delay
The President, Major General Muhammadu Buhari (retd.) has inaugurated the construction of the Nigeria Liquefied Natural Gas train 7 project and charged the company to ensure its timely completion. Buhari who did the ground breaking virtually from Abuja said the early completion of the project located in Bonny Island, Rivers State, would pave the way […]
Airtel, 25 others drag stocks down, investors lose N340bn
The Nigerian stock market reversed all of last week’s gains on Tuesday as Airtel Africa Plc and 25 other companies recorded losses. Investors lost N340bn at the end of trading on the floor of the Nigerian Exchange Limited on Tuesday, compared to a total gain of N230bn recorded last week. The NGX All-Share Index fell […]
Investing in protected areas rewarding, says World Bank
A new World Bank report released on Monday showed that for every dollar governments invest in protected areas and support for nature-based tourism, the economic rate of return is at least six-times the original investment. The report, titled ‘Banking on protected areas: Promoting sustainable nature-based tourism to benefit local communities’, found that the original investment […]
Nigerian crudes struggle for buyers as India cuts purchases – Report
Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption. S&P Global Platts reported that most Nigerian crudes were trading at close to 12-month lows. The country’s flagship grade, Bonny Light was last assessed at Dated Brent […]
FMDQ Exchange admits Mixta Real Estate’s commercial paper
FMDQ Securities Exchange Limited announced on Monday the approval of the quotation of the Mixta Real Estate Plc N1.02bn Series 36 Commercial Paper under its N20bn Commercial Paper Issuance Programme. The Exchange said in a statement that the Nigerian commercial paper market continued to demonstrate resilience and consistency in providing succour to corporates across diverse […]
IEA Pushes for $1tn Investment in Renewables by 2030
The International Energy Agency (IEA) has said that investment in clean energy in emerging and developing economies need to rise more than seven times, topping $1 trillion per year by 2030, to put the world on track for net-zero emissions by 2050. A report conducted with the World Bank and the World Economic Forum (WEF) […]
BUA Cement Revises Dividend Payment Date to July 8
BUA Cement Plc has revised the closure, qualification and payment dates for the dividend recommended for the year ended December 31, 2020. In a notification to the Nigerian Exchange (NGX) Limited, the cement manufacturing firm changed the qualification date from July 9 to June 18. The closure date would now be between June 21 and […]
Access Bank Launches Initiative to Enhance Digital Loans
Access Bank Plc, has launched what it termed the ‘Diamond Business Advantage (DBA) lite’ in a bid to increase its digital loans and enhance access to finance for young entrepreneurs. The bank said the product which is targeted at the youths was designed to add value to micro, small and medium scale enterprises (MSMEs). Speaking […]