The Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the Federal Government spent a total of N2.34tn on debt servicing within the year. This means that 72 per cent of the government’s revenue was spent of debt servicing. It also puts …
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Authorities of the University of Lagos (UNILAG), Akoka, has announced the closure of all student hostels starting from 12noon tomorrow. The announcement was made shortly after a management meeting held at the institution on Wednesday afternoon. Students are expected to observe their lectures online henceforth. The directive is in adherence to the third wave of Covid19, which Lagos State …
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The path to financial inclusion holds different marketplace barriers and opportunities in different countries, but the push continues because of proof that an increase in economic activities among the financially vulnerable can reawaken a comatose economy. For Nigeria, the last three years have seen significant growth of the financial inclusion rate from 56.8% in 2016 to 63.2% in 2018. FirstBank’s …
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No fewer than 30 suspects have been arrested by operatives of the Economic and Financial Crimes Commission during a raid on Parktonian Hotel in the Lekki area of Lagos State. During the raid on Tuesday, the operatives were alleged to have gained entry into the occupants’ rooms by seizing the master cards from the management of the hotel at gunpoint. …
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It is no more news that South Africa is currently under serious tension following the operations of rioters and protesters. Some citizens have been killed in this unfortunate incident that has been rocking the country for some days. This is not unconnected to the fact that the government in power has perfected plans to prosecute the former president of the …
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The Chairman of the National Drug Law Enforcement Agency, NDLEA, General Muhammad Buba Marwa, Ret’d, has advised Nigerian citizens to take ownership of the fight against drug abuse in the country.He stated this on Tuesday through the agency’s Director, Media & Advocacy, Femi Babafemi, in an early morning conversation with the President of the National Association of Online Security Reporters, …
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Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos State, on Monday, adjourned the continuation of trial in the case of Afeez Fashola, popularly known as Naira Marley, till October 5, 2021. The artiste was arraigned in 2019 on 11 counts of credit card fraud preferred against him by the Economic and Financial Crimes Commission, to which …
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The Lagos House of Assembly on Monday called on the Governor of the state, Mr. Babajide Sanwo-Olu, to increase the number of officers in the Neighbourhood Safety Corps. The lawmakers also urged Mr. Sanwo-Olu to equip the state’s security agency so that it can adequately protect the lives and property of residents. The House further resolved that the Governor should …
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Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments Promotion Commission showed. The sum pledged by foreign investors in Q1 2021 is 27.5 per cent lower than the $7.54bn foreign investment announcements recorded by the …
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There are strong indications that Nigeria is gradually approaching the third wave of COVID-19 with the steady rise in positive cases of the virus in the last one week. The PUNCH on Sunday gathered that the fear that the third wave might be deadlier than the two previous ones was heightened by the fact that the country recorded Delta variant …
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