Sunday, August 1

Tag: finance

FCMB Limited announces appointment of Mrs Yemisi Edun as the new Managing Director and Successor to Mr Adam Nuru
News

FCMB Limited announces appointment of Mrs Yemisi Edun as the new Managing Director and Successor to Mr Adam Nuru

The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. This announcement is subsequent to the end of service of the bank’s former Managing Director, Adam Nuru. The Board had earlier reviewed media allegations made in late 2020 against the former MD and did not establish any contravention of its policies. The Board of Directors of FCMB thanks Mr Nuru for his years of dedicated service and wishes him all the best in his future endeavours. Prior to this appointment, the new Managing Director, Yemisi Edun was the Executive Director/ Chief Financial Officer of the bank and previously served as the acting Managing Director. With a work experience spanning nearly 35 years, Yemisi Edun ...
BurnaBoy receives his Grammy awards plaque
Celebs

BurnaBoy receives his Grammy awards plaque

Singer, BurnaBoy, received his Grammy awards plaque today June 10.   The singer's Twice as Tall album won Best Global Music album at the 2031 Grammy which held in March.   Posting photos and a video of himself with the plaque on his Instagram page, the singer wrote ''Early Morning deliveries from across the pond! My parents prayed for excellent children, not houses, cars or “things”. They asked my sisters for stellar degrees; one got a first class in Finance, the other got a Distinction in Engineering. They asked me for a Grammy, and here we are. I am a product of sacrifice! Thank God and thank you all again! ''
Finance expert can’t see Suning controlling Inter Milan long-term
Sport

Finance expert can’t see Suning controlling Inter Milan long-term

Italian football finance expert Carlo Festa can't see Suning maintaining control of Inter Milan long-term. Festa says the club's future now depends on new lenders Oaktree. He told FCInter1908: “Inter's financial problems are due to the health of the Suning group. The Nerazzurri have had a defined ownership structure for years, and this has given stability to the whole environment. Now this certainty no longer exists. It is not known who the owner of Inter will be in a year. Therefore, a definite and certain growth and development plan cannot be given in this situation. "Zhang kept the club at a time when he could sell it during the period between January and February, but in doing so he got heavily into debt. He did not increase Inter's debt, which is already close to €400 million...
Barcelona Put Pique, 3 other Senior Players for sale
Sport

Barcelona Put Pique, 3 other Senior Players for sale

  Barcelona is ready to sell at least four players this summer transfer window, according to Mundo Deportivo. The Spanish newspaper reports that the players include Pique, Sergio Busquets, Sergi Roberto and Antoine Griezmann. Barcelona wants to use the fund realize from the sale of the players to finance a deal for either Manchester City’s Sergio Aguero or Lille’s Memphis Depay this summer, The Catalan club are in severe economic difficulty due to the COVIDD-19 pandemic. Meanwhile, Pigue, Busquets, Roberto and Griezmann have made over 100 La Liga appearances for Barcelona this season. Perhaps the most surprising player on that list is Griezmann. The France international has scored 12 goals and registered 7 assists for Barcelona this season. The forward is o...
President Buhari Seeks new N2.342tr External loan
News

President Buhari Seeks new N2.342tr External loan

President Buhari has sought the Nigerian senate's approval for a fresh N2.343 trillion external loan to finance the 2021 budget. Senate President, Ahmad Lawan, read a letter from the president seeking approval for the loan during plenary today May 18.
Governor Uzodinma sacks 20 commissioners, dissolves State executive council
News

Governor Uzodinma sacks 20 commissioners, dissolves State executive council

Governor Hope Uzodinma of Imo state on Wednesday May 12, sacked 20 commissioners and also dissolved the state executive council. Commissioner for Information and Strategy Declan Emelumba who made the announcement on behalf of the Governor, told newsmen that the decision was taken to rejig the activities of the state government after one year in office. Only eight commissioners were left to carry on with their activities and they are the commissioners for Health, Information, Tourism, Women Affairs, Works, Finance, Youths and the Ministry of Technology.
I can do without s.e.x for two years –Mr Ibu
Celebs

I can do without s.e.x for two years –Mr Ibu

Actor and comedian, John Okafor, aka Mr Ibu in an interview with Sunday scoop revealed he is not s.e.x-crazed at all and he can abstain for two years Mr Ibu is one man who can get people to laugh without uttering a word. His funny facial expressions and gesticulations constantly send his fans into fits of laugher. Because of his pot belly, some have also said that he may not have many female admirers, but in an interview with Sunday Scoop, Okafor noted that many women were attracted to him, though he only has eyes for his wife. He said, “I am not s.e.x crazed at all. I can abstain for two years. When I had a problem, I stayed off s.e.x for a long time. I am not controlled by s.e.x. As of now, I have stayed off s.e.x for at least four months. Remember that I was poisoned in Decembe...
VP Osinbajo Speaks Against Ban On Cryptocurrency (Video)
Politics

VP Osinbajo Speaks Against Ban On Cryptocurrency (Video)

Vice President Yemi Osinbajo has called for the regulation of cryptocurrencies in the country instead of the ban placed on it by the Central Bank of Nigeria. Osinbajo made the call when he spoke at the Bankers Committee Vanguard in Lagos State today February 26. He shared a video of his speech via his Instagram handle, with the caption; "First is that there is no question that blockchain technology generally and cryptocurrencies in particular will in the coming years challenge traditional banking, including reserve banking, in ways that we cannot yet imagine so we need to be prepared for that seismic shift. Clearly the future of money and finance, especially for traditional banking, must be as exciting as it is frightening. But as we have seen in many other sectors disruption...
Nigeria To Sell Refineries, ICC, 34 Others
Politics

Nigeria To Sell Refineries, ICC, 34 Others

The Nigerian government is proposing to sell or concession no fewer than 36 of its properties to raise funds, largely to finance the 2021 budget. These properties cut across energy, industries, communication and infrastructural sectors. They are expected to be sold or concessioned between January 2021 and November 2022. This is contained in a document exclusively obtained by PREMIUM TIMES. The document was submitted to the National Assembly by the Executive and titled “NCP Approved 2021 Work Plan.” It shows the names of the “projects” (as described by the document), the sale strategy, the duration of the process as well as the cost of the properties. Top among these properties are the Abuja Environmental Protection Board (AEPB), the Abuja International Conference Centre (I...
We Borrow To Finance Budget Because Of Dwindling Revenues – Buhari
Politics

We Borrow To Finance Budget Because Of Dwindling Revenues – Buhari

President Muhammadu Buhari has explained that his administration has been borrowing money to finance the economy and development as a result of dwindling revenues. Speaking, virtually, on Thursday at the First National Tax Dialogue held at the Conference Hall of the State House in Abuja, President Buhari, however, tasked the Federal Inland Revenue Services (FIRS) and other relevant government agencies to explore all standard practices to boost revenue. According to him, the FIRS must ensure to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging the deployment of more digital platforms and seamless connections. He noted that the tax dialogue became imperative for the administration at the moment because of th...
FCMB Appoints Acting Managing Director, Yemisi Edun
Business

FCMB Appoints Acting Managing Director, Yemisi Edun

The First City Monument Bank (FCMB) has announced the appointment of Yemisi Edun as its acting managing director. Edun takes over the running of the bank from the Managing Director, Adam Nuru, who on Tuesday, January 5, proceeded on leave amid allegations of marital infidelity involving him and a former staff of the bank, Moyo Thomas. There are allegations that Moyo's estranged husband, Tunde Thomas, 45, died on December 16, 2020, from a heart attack after battling with depression upon discovering that the two children from their marriage were allegedly fathered by Mr Nuru. A statement from the bank announcing Edun's appointment reads in part “In line with normal corporate practice, Mrs Yemisi Edun is acting as the managing director of FCMB in the interim period while Mr Adam Nu...
Obaseki Never Used State Funds To Finance His Reelection – Osagie
Politics

Obaseki Never Used State Funds To Finance His Reelection – Osagie

Crusoe Osagie, Special Adviser to the Edo State Governor on Media and Communication Strategy, in this interview with TEMIDAYO AKINSUYI, speaks on the outcome of the September 19 governorship election which was won by the Peoples Democratic Party (PDP) and its candidate, Governor Godwin Obaseki. He also speaks on expectations from the governor in the next four years as well as allegations of arrest and bankruptcy leveled against him by the All Progressives Congress (APC). Excerpts: Before the Edo election, you boasted that that your principal, Governor Godwin Obaseki has 75 percent approval ratings and that the APC candidate, Pastor Osagie Ize-Iyamu won’t score up to 30 percent votes. With the election over, can you say that you have been vindicated? I believe that I have been vin...
House of Representatives Pass Revised 2020 Budget of N10.8trn
News

House of Representatives Pass Revised 2020 Budget of N10.8trn

The House of Representatives has passed the revised 2020 Federal budget of N10.8 trillion from the initial N10.5 trillion submitted by the president. The Executive had written to the lawmakers for a downward review of the budget from N10.6 trillion to N10.5 trillion based on the global economic realities as a result of the Coronavirus pandemic. The lawmakers however increased the budget to N10.8 billion, higher than the initial approved budget. Based on the revised appropriation as passed by the house, statutory transfers also known as the first line charge (a category into which the National Assembly budget falls), was increased from N398 billion (398,505,979,362) to N422 billion (N422,775,979,362). Others are N2.6 trillion for debt service and N2.9 trillion for sinking funds...
EU Economics Chief Says 1.5 Trillion Euros In Aid Could Be Needed To Tackle Coronavirus
News

EU Economics Chief Says 1.5 Trillion Euros In Aid Could Be Needed To Tackle Coronavirus

The European Union’s Economics Commissioner Paolo Gentiloni told German magazine Der Spiegel that aid worth around 1.5 trillion euros ($1.63 trillion) could be needed to tackle the coronavirus crisis. “The Eurogroup has now made proposals for aid worth more than 500 billion euros to finance healthcare and short-time work and to help small and medium-sized companies. That leaves at least one trillion euros. This is roughly the amount we need to be dealing with now.” He said the funds could be raised via the EU’s next multi-annual budget.
Timaya Speaks On The Advice 2face Gave Him About Finance
Celebs

Timaya Speaks On The Advice 2face Gave Him About Finance

Award-winning Nigerian singer, Timaya has revealed the word legendary singer, 2baba shared with him. The singer stated that 2face Idibia played a key role in his financial wellbeing, he stated this while speaking at ‘Trace Live’ music concert in Lagos. According to Timaya, he considers 2face as a role model because of advice he once gave him. He revealed that he was spending money on flashy cars and other materials things until 2face advised him to plan his life well. Speaking at the crowded concert which was headlined by 2face Idibia, Timaya said: “He told me to plan my life and stop wasting money of flashy cars and luxury”
Sophia  Momodu tackles Davido that She Never Asked for a Lift
Celebs

Sophia Momodu tackles Davido that She Never Asked for a Lift

Short moment ago, Nigerian Singer, Davido denied taking Sophia Momodu on a vacation to Ghana, saying he only gave her a life. This clearly hasn’t gone down well with his first baby mama. For days now, there had been numerous reports that the Nigerian singer, took his baby mama on a vacation to Ghana, ignoring his girlfriend, Chioma. The singer took it upon himself to deny the reports, stating that it would make no sense for him to take Sophia Momodu on vacation, since he recently proposed to Chioma. He added that he only gave Sophia a lift, and urging the media to quit making false reports about him. He wrote; “I just want to drop a quick comment on the silly blogs headlines I’ve been seeing circulate about me ‘taking the mother of my first child on holiday to Ghana’ and re...
Ben Murray-Bruce Announces That Silverbird Group Will Only Finance Electric Cars
Uncategorized

Ben Murray-Bruce Announces That Silverbird Group Will Only Finance Electric Cars

Senator Ben Murray Bruce has announced on his twitter page that his Company Silverbird Group is going green and will be patronizing electric cars. The former Senator representing Bayelsa East constituency posted on his Twitter Page that Silverbird Company will be buying only Electric cars henceforth and that he has given a company-wide directive to that effect. His Twitter Post goes as thus; “I have just given a company-wide directive that all new vehicles purchased on behalf of Silverbird Group will be electric vehicles. We are going to be the first company to go all green. Also, we will not issue any car-loan to any staff except they want to buy an electric car.”
Okikioluwa Uzoma Oladipo, Covenant University’s Best Graduate In Finance Receives £16000 Scholarship
Education

Okikioluwa Uzoma Oladipo, Covenant University’s Best Graduate In Finance Receives £16000 Scholarship

Chartered Institute of Bankers of Nigeria (CIBN), has awarded a £16,000 (N6.224million) scholarship to Miss Okikioluwa Uzoma Oladipo, a graduate of Covenant University, who emerged the winner of the 2019 Chartered Banker MBA (CBMBA) Scholarship Award for the best graduating student in the linkage institutions. Oladipo emerged the winner following her outstanding performance at both the written assessment and oral interview held at the Bankers House, Lagos, landing her an award for a fully-paid tuition through the MBA programme. The competition is an annual event organised by CIBN in collaboration with the Bangor Business School (Bangor University, UK) for the best graduating student of CIBN’s linkage institutions in Nigeria. A total of 30 best graduating students in Banking an...
Kenya’s finance minister, top officials arrested on graft charges
News

Kenya’s finance minister, top officials arrested on graft charges

Kenya's finance minister Henry Rotich, was arrested today July 22nd alongside other top officials over allegations of embezzlement related to the construction of two dams.   The charges ranging from conspiring to defraud and financial misconduct, came off a police investigation into the misuse of funds in a dam project overseen by the Italian construction company CMC Di Ravenna.   Though Mr Rotich denied any wrongdoing in a large newspaper advert in March, Director of public prosecutions Noordin Haji ordered his arrest and that of more than 20 other people accused of being involved in the contract, including other top officials and the directors of CMC de Ravenna.   “They broke the law on public finance management under the guise of carrying out legitimate co...
Grayson: Leeds should sell Jansson to fund signings
Sport

Grayson: Leeds should sell Jansson to fund signings

Former Leeds United boss Simon Grayson believes the club should cash in on Pontus Jansson. The Whites narrowly missed out on promotion this season and Grayson thinks the sale of veteran defender Jansson could finance multiple signings. "There are other players I would want to keep ahead of Pontus Jansson," Grayson told Omnisport. "People like Kalvin Phillips and Jack Clarke, the younger players who can be the bedrock of Leeds for the next few years. "I think Jansson does well when he concentrates on what he is there to do, in terms of being a defender "Of course, they want to try and keep hold of them if possible, but players have been sold in the past to finance the next group of players. "Roofe has proved he is goalscorer and Phillips, with his versatility and age, his abi...
Eid-el-Fitri: Osun State government offers free train ride from Lagos
News

Eid-el-Fitri: Osun State government offers free train ride from Lagos

The Osun State Government has said it will provide free train ride to Osogbo for its indigenes in Lagos State willing to celebrate the Eid-el-Fitri with their families. Bola Oyebamiji, the Supervisory Director for Ministry of Finance, and Commerce, Industries and Cooperatives made this known in a statement on Saturday in Osogbo. “The free train service will depart the Iddo Terminus in Lagos on Monday, June 3, with stopovers at designated train stations in Ogun and Oyo States to pick passengers, and is expected to arrive at the Nelson Mandela Train Park Station in Osogbo by 6:00 p.m,’’ the statement read. It said that on Thursday, June 6, the train would make a return trip from Osogbo by 10:00 a.m. to Iddo Terminus in Lagos, with stopovers at designated train stations in Oyo and Ogun S...
CBN, BoI mull financing window for Edo Creative Hub
News

CBN, BoI mull financing window for Edo Creative Hub

The Central Bank of Nigeria (CBN) and the Bank of Industry (BoI) have disclosed plans to partner with the Edo State Government to ease access to finance to creators at the Edo Creative Hub, an initiative of the Edo State Governor, Mr Godwin Obaseki to rejig the state’s entertainment industry. The finance windows are expected to come from the programmes extended to the entertainment industry in an effort to diversify the Nigerian economy. Senior Special Assistant to the Edo State Governor on Investment Promotion, Mr Kelvin Uwaibi, who said this in a chat with journalists, said the opportunity came in the wake of the Stakeholders Meeting with actors in Nigerian’s entertainment industry held in Benin City. The stakeholders meeting was organised by EdoJobs, Edo State Investment Promotion...
If you Can’t Afford Pierre-Cardin tuxedo, Don’t come to me – Sharon Francis
Uncategorized

If you Can’t Afford Pierre-Cardin tuxedo, Don’t come to me – Sharon Francis

Actress, Oluchi Sharon Francis has revealed that not only does she have a penchant for great movies with beautiful themes, but she has no respect and love for any man that can’t afford to buy himself a Pierre-Cardin Tuxedo to grace the red-carpet. While speaking with Potpourri, Sharon Francis said: “It hasn’t been so rosy, I must say…but that big man up there has been faithful. My victories have been more than my obstacles because till date I’ve done so many movies that I can’t easily recall. But guess what? There isn’t a single movie of mine that has not been a blockbuster. I’ve starred in movies like ‘Street of Canaan’ , ‘Black Cats’ , Red Mafianm’, to mention a few” she added. She then stated that any man that is not financially stable and could not aff...
28 States Can Not Finance 2019 Budgets – NEITI
News

28 States Can Not Finance 2019 Budgets – NEITI

Information made accessible by the Nigeria Extractives Industries Transparency Initiative (NEITI) has demonstrated that 28 states would be unfit to finance their 2019 spending plans from income acknowledged in 2018 and 2017. The information was made accessible in the NEITI Quarterly Review, marked by its representative, Dr. Orji Ogbonnaya Orji. The eight expresses that would almost certainly support their 2017 and 2018 income are Enugu, Kaduna, Delta, Yobe, Lagos, Kano, Nasarawa and Rivers. The 28 expresses that would not have the option to subsidize their spending limits are Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Ebonyi, Edo, Ekiti, Gombe, Imo, Jigawa, Katsina, Kebbi, Kogi, Kwara, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Tar...
Buhari Appoints Emefiele For 2nd Term As CBN Governor
News

Buhari Appoints Emefiele For 2nd Term As CBN Governor

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been nominated for a second term by President Muhammadu Buhari. Senate President Bukola Saraki read a letter from the president reappointing Emefiele for a second term during plenary on Thursday, May 9, 2019. While speaking at the Association of Assets Custodians of Nigeria (AACN) conference in London on Thursday, Emefiele confirmed that he’ll be making a return as the head of the apex bank. The 57-year-old was first appointed by former president, Goodluck Jonathan, in 2014 and will become the first governor to be reappointed for a second term since Nigeria returned to a democratic system in 1999. Before his 2014 appointment, Emefiele spent most of his over two decades of banking years with Zenith Bank Plc ...
World Bank appoints new president
News

World Bank appoints new president

The Executive Directors of the World Bank, on Friday unanimously appointed David Malpass as President of the World Bank Group for a five-year term, beginning on Tuesday, April 9. The World Bank in a press release published on its website, said the appointment followed a transparent nomination process where any national of the Bank’s membership could be proposed by any Executive Director or Governor, NAN reports. “The Board looks forward to working with Malpass on the implementation of the Forward Look and the Capital Package Agreement as articulated in the Sustainable Financing for Sustainable Development Paper,” the bank said. The World Bank President is Chair of the Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and the International Deve...
Senate laments lopsided payment for contracts
News

Senate laments lopsided payment for contracts

The Senate Committee on Local and Foreign Debts has frowned at what it described as lopsided payment to local contractors. Chairman of the committee, Sen. Shehu Sani, made the remark when the Ministry of Finance and Debt Management Office appeared before the committee for their budget defence. Sani expressed concern that the debt repayment to a contractor from a particular region of the economy was more than all others put together. He further noted that there were complaints that some local contractors who executed projects recently were allegedly being considered for payment, while some who were owed for about 10 years, were not considered. He requested for explanation from the Ministry of Finance on the criteria used in carrying out such payments. “Budget defence is an in...
Godwin Emefiele, CBN Governor Asked to Leave Office
News

Godwin Emefiele, CBN Governor Asked to Leave Office

The Nigerian government has asked the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to proceed on leave ahead of expiration of his tenure. Emefiele was said to have received a letter to the effect on Monday. The financial expert has been Governor of the Central Bank of Nigeria since June 3, 2014. He was Chief Executive officer and Group Managing Director of Zenith Bank Plc and previously the Deputy Managing Director of Zenith Bank Plc. Emefiele served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc and has been on the Management team since inception. Emefiele was one time a director at Zenith Bank Plc and Zenith Bank (Gambia) Limited. Before commencing his banking...
Expect better performance in real estate sector in 2019 — Experts
News

Expect better performance in real estate sector in 2019 — Experts

Going by the improvement in the nation’s microenvironment and the positive projections for 2019, the real estate sector is expected to ride on the back of these and other strides it ought to make, and put in a better performance in the year 2019. Though the sector had been generally sluggish in 2018 because of the lull in the nation’s economy, real estate experts are of the opinion that the sector will experience better performance this year because of signs of improvement in the economy and the expected political and economic stability in the country after the general elections in Nigeria in February. They say because more stable investment is real estate, politicians and those with money looking for viable business ventures to invest in, will channel their money into real estate se...
Ngozi Okonjo-Iweala, Shares Photo With Her Parents
Politics

Ngozi Okonjo-Iweala, Shares Photo With Her Parents

Former Minister of Finance, Ngozi Okonjo-Iweala is pictured above with her parents, Professor Chukwuka Okonjo - the Obi of Ogwashi-Uku and her mum, Professor Kamene Okonjo. The photo was taken yesterday after they all went to cast their votes.  Lovely!
May God Use This Election To Declare Glory On Nigeria, Adeboye Prays
News

May God Use This Election To Declare Glory On Nigeria, Adeboye Prays

AHEAD of today’s  presidential election, General Overseer of The Redeemed Christian, RCCG, Pastor Enoch Adejare Adeboye has prayed   for free, fair and peaceful elections in Nigeria. Pastor E A Adeboye, General Overseer, Redeemed Christian Church of God preaching art the ongoing 2018 Holy Ghost Congress at the km 46, Lagos-Ibadan expressway camp of the church Photos Lamidi Bamidele Leading his numerous followers across the globe, Adeboye prayed for Nigeria and other  African nations preparing for similar elections. He assured  that “whatever we are going through as a nation and as an individual, are all known to God and He will undoubtedly intervene. Adeboye then led millions of his readers across over 196 nations of the world in a series of prayer points for the peace of t...
Ladoja Discharged And Acquitted of N4.7bn Fraud Charge
News

Ladoja Discharged And Acquitted of N4.7bn Fraud Charge

Former Oyo State governor Rasheed Ladoja, has been discharged and acquitted of the N4.7 billion fraud allegations leveled against them. The former Commissioner for Finance, Waheed Akanbi, not guilty by the Federal High Court sitting in Ikoyi, Lagos state. EFCC had in November, re-arraigned Ladoja and his former Commissioner for Finance Akanbi for allegedly converting N4.7billion from the state treasury to their personal uses. In the amended charge, the EFCC added that Ladoja allegedly “compelled” a broker to sell the state’s shares. The EFCC alleged that the former governor did not remit N1.9billion realised from the sale of the shares. The commission told the court that the money allegedly went to Ladoja, his family and friends and was not refunded. However, in his ruling o...
Sports Betting In Uganda Banned
Sport

Sports Betting In Uganda Banned

Sports betting in Uganda banned by President Yoweri Museveni who ordered that no new licences should be issued to sports betting companies nor renewing of permits for the existing ones. According to Minister of State for Finance, Mr David Bahati, the President gave the directive saying that gambling has diverted the attention of the youth from hard work. “We have received a directive from President Museveni to stop licensing sports betting, gaming and gambling companies. The President has now directed the board which has been regulating them. From now onwards, no new companies are going to be licensed. Those which are already registered, no renewal of licences when they expire,” Mr Bahati revealed on Sunday during a church service in Rugarama Hill in western Kabale town. Mr...
FG Meeting With NLC, TUC Over New Minimum Wage
News

FG Meeting With NLC, TUC Over New Minimum Wage

The Federal Government has entered into a meeting with the leadership of Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and other labour unions. The Minister of Labour and Employment, Chris Ngige led the Federal Government team. The Minister of Finance, Mrs Zainab Ahmed, Minister of Budget and National Planning, Senator Udo Udoma are also part of the Federal Government team. Channels TV reports. The meeting is aimed at averting planned nationwide industrial action proposed by labour unions over the new national minimum wage . The labour leaders are insisting that the executive must pass the N30,000 new minimum wage structure as agreed to by the presidential tripartite committee, to the National Assembly or risk a resumption of the strike it ...
Ghanaian soldier sues British Army for failing to protect him from winter
News

Ghanaian soldier sues British Army for failing to protect him from winter

Ghanaian soldier sues British Army for £150,000 after accusing them of failing to protect him from the British winter. Michael Asiamah says he suffered from a ‘cold-related’ condition after officers neglected to supply him with warm clothing during an 18-hour exercise in the freezing wind. The 36-year-old, who served with the Adjutant General’s Corps, said the army exposed him to the cold despite knowing that people of black Caribbean and African origin are more susceptible to cold injuries. Mr Asiamah, who was born in Ghana, told the High Court the exercises on Salisbury Plain and Naseby Battlefield in Leicestershire left him with numbness and pain. He claims that superiors failed to warn him to bring kit such as gloves, winter socks and boots for the exercise in March 2016, and...
PDP Accuses APC Presidency of Siphoning N1.2bn Farmers’ Fund
Politics

PDP Accuses APC Presidency of Siphoning N1.2bn Farmers’ Fund

The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari and the All Progressives Congress (APC) of plotting to fleece Nigerians through the extortion of N1.2 billion from poor beneficiaries of the Central Bank of Nigeria (CBN)’s Anchor Borrowers’ Programme, to fund Mr. President’s 2019 re-election bid. The PDP, in a statement Thursday by its National Publicity Secretary, Mr. Kola Ologbondiyan, strongly condemned such acts of corruption, particularly the attempt by the Presidency to draw financial kickback from poor beneficiaries of the Anchor Borrower’s Programme in violation of our financial regulations. He stated: “Information at our disposal also reveals that the Anchor Borrower’s scandal is yet another scheme by the Buhari Presidency to siphon public funds and...
CSE Declares Katowice Outcome a Failure
Lifestyle

CSE Declares Katowice Outcome a Failure

The Centre for Science and Environment (CSE), a leading research and advocacy think tank based in New Delhi, India has described as failure the climate agreement reached in Katowice, Poland, at the weekend. The agreed ‘Katowice Climate Package’ is designed to operationalise the climate change regime contained in the Paris Agreement. Under the auspices of the United Nations Climate Change Secretariat, it will promote international cooperation and encourage greater ambition. The guidelines will promote trust among nations that all countries are playing their part in addressing the challenge of climate change. Regardless, CSE said in a statement titled ‘The Katowice collapse, a decision that wasn’t’ that “Its decision and the Paris Rulebook agreed here are un-ambitious, anti-scie...
12 Soldiers Killed, Dozens Missing in Battle with Insurgents
News

12 Soldiers Killed, Dozens Missing in Battle with Insurgents

At least 12 Nigerian soldiers were killed and dozens of others are missing after fighting with Islamists in Borno State, three military sources said yesterday. This is coming as the $1billion earmarked for the purchase of arms and ammunition to aid the military in the fight against terrorism in the North-east region is now mired in confusion. But the army said it repelled the attack in which it said one soldier was killed and another injured. The fighting followed an attack on Friday by insurgents in Gudumbali Local Government Area – a part of Borno where Boko Haram breakaway group Islamic State in West Africa (ISWA) is influential. Reuters quoted sources as saying the poor communication network in the remote area delayed details of the attack being relayed. The attack, the sources s...
Unremitted Taxes: Kaduna, Kano Drag FG Agencies to Tax Tribunal
News

Unremitted Taxes: Kaduna, Kano Drag FG Agencies to Tax Tribunal

Kaduna and Kano State governments through their Boards of Internal Revenue have taken some federal government agencies to the North West Zone of the Tax Appeal Tribunal. They are dragging the agencies to the tribunal sitting in Kaduna for failure to remit taxes to them. The Kaduna State board of internal revenue, dragged the Ahmadu Bello University, Zaria, before the Tribunal on Wednesday, with respect to unremitted Pay-As-You-Earn and withholding taxes, totaling N6.16bn. The amount was for all taxes due, to the Kaduna State government, but were unremitted, between 2007 and 2012. The tribunal, which has just been newly reconstituted, with Umaru M. Adamu as Chairman, also attended to tax issues against Kaduna Polytechnic, brought before it for unremitted pe...
EU, Germany May Support Nigeria’s Power Sector Metering Programme
News

EU, Germany May Support Nigeria’s Power Sector Metering Programme

The European Union (EU) and Germany may consider supporting the implementation of the Meter Assets Providers (MAP) programme and eligible customers regulation of the Nigerian Electricity Regulatory Commission (NERC). MAP regulations are set to provide standard rules to encourage the development of independent and competitive metering services in the Nigeria Electricity Supply Industry (NESI), with the NERC saddled with the licensing of pre-qualified providers who will finance, install, maintain and where necessary, replace end-user electricity meters. The revelation on EU and Germany’s possible support in the MAP programme is coming as an impact investment firm in the off grid electricity market, All On disclosed Monday that with about 60 million petrol and diesel generators curren...
Lagos Lawmakers Dare Ambode, Orders PSP Back To Work Immediately
News

Lagos Lawmakers Dare Ambode, Orders PSP Back To Work Immediately

The Lagos State House of Assembly has ordered the 20 Local Governments and 37 Local Council Development Areas (LCDAs) in the state to call on the Private Sector Partnership (PSP) operators in their areas to go back to refuse collection and disposal with immediate effect. PSP COMPACTOR Recall that Governor Akinwunmi Ambode had earlier disengaged most of the PSP from operating in the state following the introduction of a new environmental initiative, through the Visionscape Sanitation Solution Limited. Speaker of the House, Mudashiru Obasa, who gave this directive Thursday, on behalf of the lawmakers during plenary, also ordered the Clerk of the House, Mr. Azeez Sanni to invite the Commissioner for the Environment, Babatunde Durosinmi-Etti to appear before the House on the matter n...
“Nigeria Is Africa’s Troubled Giant” – Former US Ambassador To Nigeria
News

“Nigeria Is Africa’s Troubled Giant” – Former US Ambassador To Nigeria

A former US Ambassador to Nigeria, Mr John Campbell, has said that though Nigeria possesses extraordinary potential, she is the troubled giant of Africa. Campbell stated this in a new book he co-authored titled, "Nigeria: What Everyone Needs to Know". The book was presented to the public on Thursday in Lagos at the US Consul General’s residence. Campbell stated in the book that virtually every major university in the English-speaking world hosted Nigerian academics with the country’s medical personnel found in hospitals all over the United States and elsewhere. He also saluted the entrepreneurial spirit of Nigerians in the book He said, Though it possesses extraordinary potential, Nigeria is truly the troubled giant of Africa. And Nigeria exports Christian clergy to the Unite...
Ministry Of Education Denies Plan To Hike Universities Tuition Fees To N350k
Education

Ministry Of Education Denies Plan To Hike Universities Tuition Fees To N350k

The Federal Ministry of Education has debunked claims on social media that the Federal Government had approved the hike in tuition fees of Nigerian universities to N350,000. The Academic Staff Union of Universities ASUU, recently alleged that the Federal government was proposing a hike in tuition fees in Federal universities to the tune of N350k a session. Speaking at a symposium in Abuja today, the permanent secretary in the Ministry of Education, Sonny Echono, said the Federal Government was not planning to increase the tuition fees “The Federal Government did not and has no intention of introducing new tuition fees in our public universities not to mention the figure to N350, 000. What is true is that the present administration is committed to guarantee quality of education. ...
20 Years of Great Discoveries
Religion

20 Years of Great Discoveries

  Did you know that the greatest discovery ever made is the discovery of self and true purpose in life? Did you also know that for 20 amazing years there has always been a gathering, somewhere in Lagos, of great women from various walks of life making great discoveries and impacts? Wouldn’t you like to be a part of such a gathering? Well, join other women on Sunday, October 7, 2018 as Discovery for Women holds her last rally for the year tagged The Covenant Woman. Hosts: Pastors Taiwo and Nomthi Odukoya Guest music minister:    Onos Ariyo Talk on personal finance: Nimi Akinkugbe Venue:  The Fountain of Life Church, 12 Industrial Estate Road, Off Town planning Way, Ilupeju, Lagos Time:    2pm prompt Entry: FREE! This programme has been organised jus...
Recall Of Paris Club Refund: Govs Resolve To Use Fund To Offset Salaries
Politics

Recall Of Paris Club Refund: Govs Resolve To Use Fund To Offset Salaries

FOLLOWING the order from the Federal Government to recall the second tranche of London and Paris Club refunds disbursed to five states, amounting to about $2.7 billion, the 36 state governors have resolved to use the funds to offset outstanding salaries. Paris Club The governors also resolved to prepare all their outstanding liabilities and have them forwarded to the Central Bank of Nigeria, CBN. How FG can position local fintech to drive the new economy The governors, under the aegis of Nigeria Governors’ Forum, NGF, after a marathon meeting in Abuja, yesterday,  resolved to take such a decision in the interest of their respective states, just as they have begun to do individual presentation and submission. Vanguard gathered that at the end of the emergency meeting in A...
Beauty Queen Embarks On Free Medical Outreach
Entertainment

Beauty Queen Embarks On Free Medical Outreach

Over two hundred residents of Nkpogu community in Port Harcourt have benefited from a free medical check-up program organized by Miss Port Harcourt City Tourism, Queen Beauty Stanley. The check up which took place at Nkpogu Community town hall, Off Trans-Amadi Industrial Layout, Port Harcourt, Rivers State, had a lot of people from different works of life in attendance. The queen who emerged last year, expressed joy on the outcome stating that she looks forward to doing it again. “It was an awesome experience and I thank God for giving me this platform and laying it in my heart to carry out the free medical orientation/outreach as part of my pet project. The outcome was awesome… I was elated that people came out to be part of the programme. It clearly shows that people truly care...
Shittu, Adeosun Scandals: ‘Here’s My NYSC Photos,’ Nigerians React, Show Evidences
Politics

Shittu, Adeosun Scandals: ‘Here’s My NYSC Photos,’ Nigerians React, Show Evidences

…“Where is yours? I mean, have you photo evidence of your NYSC years?”… After the resignation of Buhari’s former Finance Minister, Kemi Adeosun over National Youth Service Corps, NYSC certificate scandal, and now, with the news of another, the Minister of Communications, Mr. Adebayo Shittu being also embroiled in an NYSC certificate scandal, many Nigerians have taken to the micro-blogging site, Twitter, to show picture evidences of their service years in NYSC. File: NYSC members Minister of Communications, Mr. Adebayo Shittu, did not answer call-up in the  National Youth Service Scheme, NYSC, according to an online portal, Premium Times. The revelation about Mr. Shittu, who is currently angling to become Oyo State governor, is coming to light about a week after Kemi Adeosun was c...
Who Is ‘Zainab Ahmed’, The Acting Finance Minister?
News

Who Is ‘Zainab Ahmed’, The Acting Finance Minister?

Zainab Shamsuna Ahmed is a professional accountant who graduated in 1981 from Ahmadu Bello University. She did her National Youth Service, NYSC, in Kaduna State in 1981/1982 and served her country at Messrs. Egunjobi Suleiman & Co. Chartered Accountants, as an Audit Trainee. Who is ‘Zainab Ahmed’, the acting Finance Minister? She obtained her master’s degree from the Ogun state University, Ago Iwoye in 2004. She got her IJMB ‘A’ Levels from SBS/ABU Zaria in 1979 and her WASC ‘O’ Level in 1977 from Queen Amina College, Kaduna. However, her quest to make a change and add value in the Nigeria economy catapulted her to the acting Finance minister after Kemi Adeosun resigned last four days ago. But before then, Zainab was Nigeria’s Minister of State Budget and National Planning...

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