Latest Nigeria Business News
The Lagos State House of Assembly has confirmed the appointment of Justice Kazeem Alogba as the 17th Chief Judge of Lagos State. The appointment was confirmed during plenary on Tuesday, a statement said. On Monday, the House read a letter from Governor Babajide Sanwo-Olu seeking Alogba’s confirmation as the chief judge. He had said Alogba […]
The Federal High Court in Abuja on Tuesday upheld the Rivers State’s entitlement to N502m monthly allocation accruing from the Oil Mining Lease 112. Justice Taiwo Taiwo, in a judgment, ordered the Revenue Mobilisation, Allocation and Fiscal Commission, the Attorney-General of the Federation and the Accountant-General of the Federation, to comply with a 2011 verdict […]
Ekiti State Governor Kayode Fayemi on Tuesday appointed Prof Edward Olanipekun as Vice-Chancellor of Ekiti State University, Ado Ekiti. Olanikpekun, a professor of chemistry, replaces Prof Sam Oye Bandele, who was sent packing in January. Prof Olubunmi Ajayi has been occupying the position in an acting capacity ever since. A statement by Chief Press Secretary […]
Operatives of the Economic and Financial Crimes Commission (EFCC) have raided the residence of a former Governor of Lagos State, Mr. Akinwumi Ambode in connection with the ongoing probe of alleged N9.9billion fraud. The EFCC team also stormed the home of the former Chief of Staff to the ex-governor. Both mansions were searched in Epe. […]
The Director General the National Youths Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, yesterday ordered state coordinators to enforce relevant extant rules on the movement of Corps members on inter and intra-state and local government boundaries. The action, it was learnt, is part of measures to stem rising cases of deaths through road accidents and exposure […]
HEAD of the Civil Service of the Federation Winifred Ekanem Oyo-Ita is medically fit to undergo further interrogation as investigators deepen their probe into a N3 billion contract fraud. Operatives of the Economic and Financial Crimes Commission (EFCC) have screened her phone chat and call logs following evidence obtained from her suspected collaborators. She was […]
MOVES by the Peoples Democratic Party (PDP) and its candidate in the February 23 presidential election, Alhaji Atiku Abubakar to have access to the Independent National Electoral Commission (INEC) server ended on Tuesday at the Supreme Court. It was a double loss for the opposition party and its candidate as the apex court rejected the […]
Lift Above Poverty Organisation (microfinance bank) disbursed N137bn loans in 2018 financial period as part of its commitment towards alleviating poverty and empowering small and medium organisations. The Managing Director and Chief Executive Officer of the MFB, Dr Godwin Ehigiamusoe, disclosed this during a press briefing in Lagos. He said, “Interestingly, one way to also […]
In line with the Central Bank of Nigeria (CBN) directive to banks to explore opportunities in the consumer credit segment of the market, many banks are opening new credit opportunities for salary account holders. Polaris Bank’s quick credit solution named Polaris Salary Advance, which is collateral-free, allows employees to borrow up to 50 per cent of […]
DIASPORA remittances to Nigeria could grow to $25.5 billion, $29.8 billion and $34.8 billion in 2019, 2021 and 2023, PricewaterhouseCoopers (PwC) Limited has said In its latest White Paper Series titled: Strength from Abroad: The Economic Power of Nigeria’s Diaspora, it said over a 15-year period, it expects total remittance flows to the country to […]