The Nigerian Ports Authority says has secured a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. The loan was funded by the UK Export Finance, an export credit agency, Announcing this in a statement on Wednesday, the NPA said it had alsoContinue Reading
As the election for the President of the Nigerian Bar Association draws near, ONOZURE DANIA examines the profile of aspirants for the race The tenure of the incumbent President of the Nigerian Bar Association, Yakubu Maikyau (SAN), ends soon. Lawyers, on July 20, 2024, will cast their votes to electContinue Reading
As part of measures to deepen its monetary tightening policy, the Central Bank of Nigeria slashed commercial banks Loan-to-Deposit Ratio from 65 per cent to 50 per cent. The development means Deposit Money Banks are now allowed to lend only 50 per cent of their deposit to customers. In aContinue Reading
The Economic and Financial Crimes Commission has said it will on Thursday, April 18, 2024, arraign a former governor of Kogi State, Yahaya Bello, before a Federal High Court sitting in Abuja. Earlier, the EFCC was granted a warrant of arrest by a Federal High Court in Abuja to apprehendContinue Reading
The Central Bank of Nigeria has clarified reasons for the significant decline in the nation’s foreign exchange reserves, asserting that it wasn’t primarily aimed at defending the naira, as commonly believed, but rather to partially repay debts owed to creditors. The bank further expressed its desire to minimise its involvementContinue Reading
THREE days to the governorship primary of the All Progressives Congress in Ondo State, some aspirants have expressed displeasure over the process adopted by the leadership of the party. The primary is scheduled to be held on Saturday. Seven of the aspirants, Senator Jimoh Ibrahim, Chief Olusola Oke, SAN, WaleContinue Reading
President Bola Tinubu, on Wednesday, promised harsh consequences for persons who pit themselves against Nigeria’s sovereignty and security. He also said his administration had made considerable gains against banditry and kidnapping through intensified campaigns buoyed by intelligence gathering. “Those who think they can threaten the sovereignty of Nigeria will haveContinue Reading
The Federal High Court in Abuja, on Wednesday, fixed May 20 to decide on separate applications praying for the restoration of the bail granted to the leader of the Indigenous People of Biafra, Nnamdi Kanu. The court, on the said date, will also consider the application that the IPOB leaderContinue Reading
Wema Bank has said that it has removed and suspended about seven fintech partners from its payment gateway platform over fraudulent activities. This is as the bank unveiled an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners. AContinue Reading
Ahead of Thursday’s National Executive Committee meeting of the Peoples Democratic Party, 60 lawmakers opposed to the leadership of the party’s acting national chairman, Umar Damagum, have said that the group is not supporting former Benue State Governor, Gabriel Suswam, ex-Kogi State Deputy Governor, Philip Salawu, or any other personContinue Reading