The Debt Management Office (DMO) has initiated a subscription process for two-year and three-year Federal Government of Nigeria (FGN) bonds for December 2023 with an interest rate of 12.287 per cent and 13.287 per cent respectively, according to a statement on the DMO’s official website. The subscription period is set to last for five days, running from December 4th to Read More
The Cuban Ambassador to Nigeria, Miriam Morales Palmero, has offered her country’s readiness to support government’s efforts to tackle malarial in Nigeria. The envoy, specifically, offered her country’s desire to support the efforts to fight malarial by the FCT Administration in the nation’s capital, which she described as the host of many foreign embassies in the country. The ambassador disclosed Read More
It is pertinent to draw the attention of Nigerian legislators in the senate and House of Representatives to the reasons they were elected to represent their various constituencies. You were all elected into the legislative arm of government not just to make laws for us but to also provide dividend of democracy such as roads, water, schools, among other social Read More
Access Bank recorded the highest interest income on loans among ten listed banks in the country, posting a total interest income of N1.04 trillion in the first nine months of 2023. The bank also maintained the top spot as the bank with the highest loans to customers, which was N6.7 trillion in the first nine months of 2023, representing a Read More
FBNHoldings Plc has reported gross earnings of N985.6 billion for the nine months financial year ended September 30, 2023. The amount represents an increase of 80.1 per cent compared with N547.2 billion achieved in the corresponding period of 2022. The group’s profit before tax rose to N270.3 billion from N105.5 billion in 2022, representing 156.3 per cent from N105.5 billion Read More
Senator Francis Fadahunsi (PDP Osun East) has congratulated President Bola Ahmed Tinubu on his victory at the Supreme Court. The Supreme Court had on Thursday last week, affirmed President Tinubu of the All Progressives Congress (APC) as the valid winner of the presidential election conducted on February 25, 2023 by the Independent National Electoral Commission (INEC). Fadahunsi, in a Read More
Minister of the Federal Capital Territory (FCT), Barr Nyesom Wike has reiterated that Bola Ahmed Tinubu is not a president of the ruling All Progressives Congress (APC) but a president of Nigeria. Wike stated this when Rivers APC leaders, led by the National Vice Chairman of the APC, South South, Mr. Victor Giadom, visited him Thursday in Abuja. He said Read More
The People’s Democratic party (PDP) Ondo state chapter, Thursday, said time has come for the Ondo state House of Assembly to begin the impeachment process of Governor Oluwarotimi Akeredolu, SAN for violation of the 1999 Constitution of the Federal Republic of Nigeria as amended. The party said it is no longer news that Ondo state has been on auto-pilot for Read More
The Minister of Sports Development, Senator John Owan Enoh has demanded that the Nigerian Football Federation (NFF) congress be expanded in the next one year in order to include additional relevant stakeholders and guarantee equitable representation for the benefit of the game. He claimed that because of the economic, social, and cultural importance of football to Nigeria and its people, Read More
Institutional investors from the United States under the Institutional Investor Network have expressed interest in allocating their capital and exploring more direct investment opportunities in the Nigerian capital market. This was the subject of discussion at an engagement between Nigerian Exchange Limited (NGX) and a delegation from the United States facilitated by Chapel Hill Denham, consisting of United States Agency Read More
The Federal Capital Territory Administration (FCTA) has indicated interest in partnering with investors from the European countries in different economic areas. The minister, Barr Nyesom Wike, revealed this Monday in Abuja when he received the European Union Ambassador to Nigeria, Samuela Isopi on a courtesy visit. Wike, who noted that there were opportunities for investment not only in FCT but across Read More
The contest for the Senate Presidency of the 10th National Assembly took another dimension Sunday in Abuja, with the South-East Senate caucus asking President-elect Bola Ahmed Tinubu and the leadership of the All Progressives Congress (APC) to tread with caution against supporting injustice in any form. In a communiqué after several hours of meeting held at the Maitama residence of Read More
Chairman of the House of Representatives Committee on Media and Public Affairs, Hon. Benjamin Kalu, has outlined reasons for his interest in the speakership of the House of Representatives. He said he would be making his formal declaration for the race soon in a chat with journalists in Abuja. As member representing Bende Federal Constituency of Abia state, Kalu has Read More
Members-elect for the 10th House of Representatives on platform of the opposition political parties, have pledged to support all with their power in defence of democracy. This came during an inaugural meeting of the members under the aegis of the minority caucus of the 10th House of Representatives, held Tuesday night in Abuja. In attendance were elected members from Peoples Read More
The Independent National Electoral Commission (INEC), has issued a certificate of return to the Abia state governor-elect, Dr Alex Otti of the Labour Party and his deputy governor-elect, Engr Kingsley Emetu. The presentation was made by Barrister Festus Okoye, the representative of the National Chairman of the Independent National Electoral Commission, (INEC), Prof Mahmood Yakubu, in Umuahia. Okoye, who is Read More
The Enugu state governor-elect, Dr. Peter Ndubisi Mbah, has promised to devote his whole life to the task of making Enugu state to be great. Mbah made the pledge on Thursday in Enugu in an acceptable speech at a world press conference after his victory at the polls as announced by INEC on Wednesday. The governor-elect said that the state Read More
The Inter Party Advisory Council (IPAC), Oyo State Council, has commended Governor Seyi Makinde on his re-election at the Saturday polls. IPAC in a statement signed by its chairman, Apostle Dare Ojo, on behalf of the executive and leaders of the 18 registered parties that participated in the election, urged the governor to justify the support given to him by Read More
A former governor of Enugu state and senator representing Enugu East, Chimaroke Nnamani, has formally withdrawn his membership of the Peoples Democratic Party (PDP) just as he expressed appreciation to his constituents for the unalloyed support over the years. Nnamani’s withdrawal of membership from PDP is coming about six weeks after his expulsion from the party and two days after Read More
As the Central Bank of Nigeria (CBN) commences its two-day monetary policy committee (MPC) meeting today, Monday 20, some financial analysts have projected that the apex bank would retain the current policy rates. Analysts believe that the recent inflation numbers as well as other factors will likely encourage the Central Bank of Nigeria’s (CBN) Monetary Policy Committee to retain its Read More
This was first published on 20/08/2018 but it is still relevant, more so now that the presidential election held on 25/02/2023 has exposed our weaknesses. Outsiders, especially foreigners and Nigerians in Diaspora, may think that the bubble could burst any time soon and Nigeria could go to war with itself. They may well be forgiven for thinking so, especially if Read More
The spokesperson of the Taraba state chapter of Labour Party (LP) presidential campaign council, Mr. Kefas Sule, Wednesday, collapsed his structure into the People’s Democratic Party (PDP) to support the governorship candidate of the party, Agbu Kefas. Sule while briefing journalists in Jalingo, the state capital, said his stint in the Obidient movement was only for the presidential election. Sule, Read More
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has appealed to the House of Representatives to show understanding and allow the new cashless policy succeed in the interest of Nigeria’s economy. Emefiele who bowed to pressure and made appearance before the ad-hoc committee of the House, making intervention over the deadline set by the CBN for the Read More
The Independent National Electoral Commission (INEC) offices across Ondo state were Wednesday besieged by enthusiastic, who came to collect their Permanent Voter Cards (PVCs). Investigation showed that crowd of people in all the collection points increased as citizens trooped out in large numbers to collect their PVCs, moreso as the state government declared a work-free day for workers in Read More
Since the emergence of Peter Obi as the presidential candidate of the relatively unknown Labour Party, the Nigerian political landscape has been charged as never before. And many Nigerians who have shown little interest in the issues of politics and governance in the past seem to be let unhinged from their lethargic cage. The Independent National Electoral Commission (INEC) recorded Read More
Nigeria will pay N1.8 trillion ($4 billion) extra interest in 2023 if the National Assembly rejects a loan-to-bond swap request on the central bank’s overdrafts to the government, President Muhammadu Buhari said on Tuesday after signing the 2023 budget into law. The Senate last week delayed a decision on the president’s request to convert $53 billion worth of central bank Read More
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