Telecommunications operators in Nigeria have blocked millions of lines from making and receiving calls as part of an effort to complete the process of linking subscribers’ National Identification Numbers (NIN) with their active SIMs. This is in accordance with the Nigerian Communications Commission’s (NCC) directive to bar all subscribers[Read More…]
CAC issues guidelines for banks recapitalisation, merger The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on Friday, said the new directive is pursuant to its[Read More…]
Bola-Audu, Thugs Invade ASCSN Abuja Office, union condemns act The office of the Association of Senior Civil Servants of Nigeria (ASCSN), Area 7 at the Federal Capital Territory, Abuja was on Wednesday, July 24, 2024 invaded by Bola-Audu Innocent and his thugs. ASCSN Secretary-General, Comrade Joshua Apebo, who disclosed[Read More…]
FG warns IOCs against disregarding gas flare directives The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most of the[Read More…]
CBN increases interest rate to 26.75% amid soaring Inflation The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices. CBN Governor, Olayemi Cardoso, announced this after[Read More…]
CBN moves to protect monies in dormant accounts from frauds The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks are susceptible to fraud. He said this on Tuesday at the end of the 296th meeting of the Monetary[Read More…]
SEC, AfDB advocate green finance to boost eco-friendly economy The Securities and Exchange Commission in collaboration with the African Development Bank, have called for a heightened embrace of green finance as a strategy to combat climate change and foster a sustainable economy in the country. The Director-General of the[Read More…]
Dangote accuses NNPC officials, trader’s of secret Malta plants Dangote’s revelation has sparked concerns about the integrity of Nigeria’s fuel supply chain and the role of NNPC officials and traders in perpetuating the importation of substandard fuel. The billionaire businessman revealed this at the House of Representatives on Monday,[Read More…]
Dangote offers to sell refinery to NNPC over ‘monopoly’ allegation Africa’s richest businessman, Aliko Dangote has said he is willing to sell his oil refinery to the Nigerian l Petroleum Company (NNPC) Limited. Dangote disclosed this in an interview with Premium Times on Sunday. The billionaire’s statement[Read More…]
Biden exists presidential race, ends white house bid US President Joe Biden has stepped down from the presidential election. In a statement on Sunday, Biden said it is his intention to seek reelection as president, but his decision to quit the race is in the interest of the Democratic[Read More…]
