Marwa Applauds NAOSRE As Operatives Nab Skit Maker, Others In Lagos Raids

The Chairman and Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brigadier General Mohamed Buba Marwa, ret’d, has applauded the supportive role of the National Association of Online Security Reporters, NAOSRE to his administration in the year 2021. Speaking during an interactive session with NAOSRE President, Comrade Femi Oyewale Wednesday afternoon, Marwa noted with satisfaction that NAOSRE …

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Wema Bank Ranked among Customer Experience Leaders by KPMG

The support of Nigeria’s leading digitally driven financial institution, Wema Bank, for Small and Medium Enterprises (SMEs) has been recognized in the 2021 KPMG Nigeria Banking Industry Customer Experience Survey. The report classifies Wema Bank as number three in SME Banking, this is three-places higher than the bank’s 2020 classification. Wema Bank has been consistent in her drive to support …

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CBN may increase interest rate this year, says report

A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve depletion. Sigma Pensions said this in the report titled ‘Nigeria 2022 outlook: Consolidating on recovery but persisting large imbalances present headwinds’. According to the …

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We’ll reduce livestock products importation with National Dairy Policy

As Nigerians continue to depend heavily on importation of various goods and services, the Federal Government, Tuesday, assured that livestock products importation will be reduced with implementation of the National Dairy Policy including other issues affecting the industry. The assurance was given by the Permanent Secretary, Federal Ministry Agriculture and Rural Development, Dr Ernest Umakhihe, in an opening remark while …

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Gov Akeredolu dragged to EFCC

By Abdul Babajide  The Peoples Democratic Party, PDP, Ondo State chapter has revealed that action has began towards petitioning the Economic and Financial Crimes Commission, EFCC, over alleged looting of the State by Governor Oluwarotimi Akeredolu and his family. While revealing the eight proxy companies allegedly used by Akeredolu’s family, particularly his wife, Betty and his son, Babajide, the PDP …

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ADEDUNTAN: FIRSTBANK IS RESILIENT, STABLE AND BUILT FOR THE LONG HAUL

The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, last year saw his tenure extended as part of efforts to ensure the stability of the financial institution. In this interview with THISDAY, he speaks about the intervention of the Central Bank of Nigeria, the future of the bank, trends that shaped the economy in 2021, his …

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Video: Widows, traders appeal to Gov Sanwo-Olu over ‘illegal’ demolition of Lagos market

Widows and traders of Oluwagbebe market, Marina, Lagos State, have appealed to Governor Babajide Sanwo-Olu to intervene in what they termed ‘illegal’ demolition and attempt by some persons to take possession of the market.  In the early hours of Sunday, 26 December, 2021, a group of persons were said to have invaded the market and demolished some stores in an …

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Consumers paid N565bn for electricity in 9 months ―NERC

By Obas Esiedesa – Abuja Electricity consumers across Nigeria paid N565.16 billion for energy consumed in the first nine months of 2021, the latest data from the Nigeria Electricity Regulatory Commission (NERC) has shown. The data released by NERC on Wednesday showed that the amount collected by electricity distribution companies (DisCos) was 34.02 per cent higher than the N372.92 billion …

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Ogun Assembly passes 2022 budget

The Ogun State House of Assembly has passed the 2022 appropriation bill as presented by Governor Dapo Abiodun barely a month ago. Gov Abiodun had on November 30 presented the 2022 appropriation bill of N350.74 billion to the Assembly. On Wednesday, the lawmakers, at a session presided over by the Speaker, Olakunle Oluomo, passed N350,735 billion, while adjusting some recurrent …

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Breaking: Lagos Assembly Passes N1.758trn Budget For 2022

The Lagos State House of Assembly on Wednesday evening passed the Y2022 budget estimate with a slight increase of the grand total from the initial N1.38 trillion to N1.758 trillion. The budget was passed at a sitting presided over by the Speaker of the House, Rt. Hon. (Dr) Mudashiru Obasa, after a presentation of the report by Hon. Gbolahan Yishawu, …

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