FG, States LGs share N1.783trn in November allocation – FAAC 

December 17, 2023 Benjamin Umuteme 0

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1088.783 billion November 2023 Federation Account Revenue to the Federal, States and Local Government Councils.    According to a communique issued by the FAAC at its December, 2023 meeting, the N1088.783 billion total distributable revenue comprised distributable statutory revenue of N376.306 billion, distributable Value Added Tax (VAT) revenue Read More

Cardinal Stone, Stanbic IBTC, lead as brokers raked in N24.102bn as commission

December 10, 2023 Segun Odunewu 0

Cardinal Stone Securities, Apt Securities, and Stanbic IBTC  are among top stock brokers who earned big commissions from trading in the Nigerian stock market as ten brokers raked in about  N24.102 billion in commissions collectively in the first eleven months of 2023. Brokers often charge as high as 1.35 per cent in commissions on trades although some charge lower depending Read More

FG, States, LGs share N906.955bn in October allocation – FAAC

November 22, 2023 Benjamin Umuteme 0

The Federation Account Allocation Committee (FAAC) has shared the total sum of N906.955 billion Federation Account Revenue to the Federal Government, States and Local Government Councils for the month of October 2023.  A breakdown of the amount according to a communique issued by the FAAC revealed that total distributable revenue comprises statutory revenue of N305.070 billion, Value Added Tax (VAT) Read More

King wants combined men’s & women’s Tennis World Cup

October 19, 2023 Admin III 0

Billie Jean King says she would happily see the women’s cup competition bearing her name combined with the men’s Davis Cup into one World Cup of tennis. Both team events conclude next month, with the Billie Jean King Cup finals in Seville from 7 to 12 November and the Davis Cup from 21 to 26 November. “I think it’s really Read More

I will work closely with NBC to promote media freedom – Malagi

October 10, 2023 Benjamin Samson 0

Minister of Information and National Orientation, Alhaji Mohammed Idris Malagi, has assured Nigerians that he will work closely with the National Broadcasting Commission (NBC) to promote media freedom and dissemination of accurate information. “I am committed to working closely with the NBC to foster environment that promotes media freedom, dissemination of accurate and unbiased information,” he said. Malagi stated this Read More

Microsoft, OCP Africa to support African smallholder farmers, agri-dealers

March 16, 2023 Segun Odunewu 0

   Microsoft and OCP Africa will support smallholder farmers, agri-dealers and other stakeholders in Africa, ensuring and sustaining food security in Africa. The partnership was announced at the 5th United Nations Conference on the Least Developed Countries (LDC5), taking place in Doha, Qatar, It will enable smallholder farmers to access skills and information through Agri-digital services leveraging on OCP Africa Read More

Humanitarian Affairs: FG trains case management officers on combating emerging challenges

March 14, 2023 Paul Okah 0

The Ministry of Humanitarian Affairs, Disaster Management and Social Development, Tuesday, held a capacity building workshop for Case Management officers in the ministry in order to acquire necessary knowledge, skills, orientation, values and competence for effective service delivery. Speaking at the event in Abuja, the permanent secretary of the ministry, Dr Sani Gwarzo, who was represented by the SA on Read More

Naira policy: Kwara SDP senatorial candidate makes case for rural communities 

December 20, 2022 Umar Bayo Abdulwahab 0

The Kwara south Social Democratic Party (SDP) senatorial candidate, Professor Wale Sulaiman, has appealed to the Central Bak of Nigeria (CBN) to consider people in the rural areas in the implementation of its policy on new naira notes.  The Neurosurgeon who declared his support for the CBN fiscal initiative, stated that “CBN policy on the naira is Nigerian- centric. It Read More

Nigeria, what is the way forward?

December 18, 2022 Prince Charles Dickson 0

A sheep was passing and saw a lion crying inside a cage trapped, the lion begged the sheep to rescue him with a promise not to kill and eat it, but the sheep refused. After much persuasion and for the sheep’s gullibility, it opened the cage for the lion. Now the lion was very hungry having stayed in the cage Read More

2022: Average petrol price was N195.29 in October – NBS

November 22, 2022 Benjamin Umuteme 0

The average retail price paid by consumers for Premium Motor Spirit (Petrol) for October 2022 was N195.29.  According to the National Bureau of Statistics (NBS), in its  Premium Motor Spirit (Petrol) Price Watch (October 2022) report, the price represents a 17.93 per cent increase when compared to the value recorded in October 2021 (N165.60).  “Likewise, comparing the average price value Read More

Buhari commissions Nigeria, Cameroon joint border post, reiterates need for brotherliness

November 4, 2022 Abdullahi M. Gulloma 0

President Muhammadu Buhari Thursday in Mfum, Cross River State, called for more neighborliness and mutual understanding between African states in order to enhance trade, security and promote development of the continent. The President, represented by the Minister of State, Foreign Affairs, Amb. Zubairu Dada, at the commissioning ceremony of the Nigeria/Cameroon Joint Border Post and Bridge, said the 1.5km project Read More

Senate slams NPA over N7.5bn contract award

December 31, 2021 Taiye Odewale 0

  The Senate through its committee on Public Accounts has beamed its searchlight on alleged irregularities perpetrated by management of Nigeria Port Authority in the award of N7.5 billion contract in 2012. The contracts as contained in the 2017 audit report were for off shore erosion control work at Akipelai, Ayakoro and Otuoke in Bayelsa state. Queries raised by the Read More

Otudeko reduces exposure in flour market, sells stake in Honeywell

November 22, 2021 Segun Odunewu 0

Oba Otudeko, chairman, Honeywell Flour Mills Plc (HFMP) is planning to reduce his exposure in the flour market by selling his indirect stake in the company to Flour Mills of Nigeria (FMN), a major competitor in the sector. Otudeko owns 74.56 percent stake in Honeywell through his investment firm, Siloam Global Services Limited, but he would be selling 71.69 percent Read More

Enugu APC chairman mocks PDP over pledge to rescue Nigeria

October 31, 2021 Bode Olagoke 0

The newly elected Enugu State Chairman of the All Progressive Congress (APC), Comrade Adolphus Udeh has mocked the Peoples Democratic Party (PDP) over its pledge to rescue Nigeria. According to Udeh, before rescuing Nigeria, PDP should first account for the uncountable underdevelopment obstacles the party embedded in the system,   prior to their exit from power in 2015. In a press Read More

Procurement practitioners partner anti- corruption agencies on transparency

October 21, 2021 Admin III 0

A group, Association of Public Procurement Practitioners of Nigeria, has said it will partner the anti-corruption agencies and other institutions to boost the fight against corruption in the public sector. The association disclosed that it is poised to sanitise the procurement process by strict enforcement of the procurement Act of 2007 by promoting due process, accountability, transparency and value for Read More

ACF’s Worry On High Interest Rate

October 19, 2021 Admin III 0

  The recent observation by the Arewa Consultative Forum (ACF) on the 2022 budget, to the effect that the federal government should reduce the interest rates to enable growth of small and medium businesses, in a bid to reduce kidnapping and other crimes, deserves necessary attention by the monetary authorities.  ACF National Chairman, Chief Audu Ogbeh, who commended President Muhammadu Buhari for Read More

OPEC sees soaring gas prices as panacea for declining oil demand

October 14, 2021 Blessing Anaro 0

In the face of declining demand for crude oil globally, the Organisation of Petroleum Exporting Countries (OPEC) is taking solace in the fact that soaring gas prices could mitigate impact of global demand for oil products as end users switch. Further more the Organization has trimmed down its world oil demand growth forecast for 2021 while maintaining its 2022 view, Read More

CBN directs banks to apply I & E rates for PAPSS transactions

October 13, 2021 David Agba 0

The Central Bank of Nigeria (CBN), has directed banks to apply the indicative exchange rates in the Investors and Exporters (I&E) window for   outbound payments through the  Pan African Payments and Settlement System (PAPSS). PAPSS is the   first centralized payment market infrastructure for processing, clearing and settling of intra-African trade and commerce payments. It was  set up  by the Afreximbank Read More

Titan Trust Bank: 2 years of service with power and pride

October 7, 2021 Opeyemi Dabiri 0

On October 4, 2021, one of the fastest growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence.  Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless Read More

After 4 years break, D’banj releases new album, ‘Stress Free’

October 2, 2021 Tope Sunday 0

After four years of musical break, a Nigerian pop star, Dapo Oyebanjo, a.k.a  D’banj, Friday, released a new album titled, “Stress Free.” Recall that the ‘”Koko Master” last album titled: “King Don Come” was released in 2017. In the new album, D’banj collobarates with Seun Kuti to tint it with Afrobeats innovation mode. According to him, the video of the Read More

eNaira ‘ll reposition Naira, enhance its value, says NCAG

September 29, 2021 Bode Olagoke 0

The Nigerian Citizens Action Group (NCAG) has described the plan by the Central Bank of Nigeria (CBN) to introduce eNaira on October 1 as a good move.The NCAG said that the digital currency will reposition the naira and enhance its value. NCAG, in a statement by its National Coordinator, Rt. Hon. Obe Agu, in Abuja, urged the CBN Governor, Godwin Read More

Desperate plot to defame Kpokpogri: An exercise in futility, by Tony Arugba

September 21, 2021 Tony Arugba 0

Comrade Joseph Kpokpogri is reputable for his campaign against anti-corruption. He is the publisher of Integrity Watchdog Magazine of which his reports are balanced and unbiased. His reports are not malice driven, but facts.  For the writer of the venomous publication titled “ PRINCE KPOKPOGIRI: THE NOTORIOUS BLACKMAILER & EXTORTIONIST WHO IS A CONSULTANT WITH THE ECONOMIC AND FINANCIAL CRIMES Read More

PGF boss attacks Wike, says Buhari responsible for increased VAT collection

September 17, 2021 Bode Olagoke 0

The Director General of the Progressive Governors Forum (PGF) and a chieftain of the All Progressives Congress (APC) Salihu Moh Lukman, has condemned the Rivers state governor Nyesom Wike, for “shamelessly talk about Value Added Tax (VAT) which President Muhammadu Buhari-led administration responsible for its increasing collection. The APC chieftain reminded governor Wike that the current increased record of VAT Read More