Nnamdi Kanu Declared Wanted

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has asked the Senate to reject the planned N15 billion for the construction of the vice president’s residence new building contained in the FCT 2023 supplementary budget. The call was contained in a letter addressed to the Senate President, Mr Godswill Akpabio. In the letter, dated December 2 and signed by SERAP’s deputy director, Mr Kolawole Oluwadare, the organisation urged Mr Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Mr Nyesom Wike to spend N15 billion for the construction of a

By Modupe Gbadeyanka The 27 lawmakers of the Rivers State House of Assembly loyal to the Minister of FCT, Mr Nyesom Wike, have defected to the All Progressives Congress (APC). The legislators won elections into the state parliament in 2023 through the Peoples Democratic Party (PDP). However, following a political crisis between Governor Sim Fubara and his predecessor, Mr Wike, the 27 lawmakers attempted to impeach the Governor, which was botched. President Bola Tinubu had to intervene in the matter and asked Mr Wike and Mr Fubara to maintain peace. Last week, a video of the Minister singing the popular

By Adedapo Adesanya President Bola Tinubu came under immense criticism as Nigeria’s party was the highest from Africa at the ongoing COP28 in Dubai, United Arab Emirates (UAE). According to a list published by the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria is also third-highest overall in number of delegates at the conference. The provisional total for COP28 indicates that 81,027 delegates registered to attend the summit in person, with a further 3,074 attending virtually, this takes the overall total to 84,101. The figure is 30,000 more than those who travelled to Sharm El-Sheikh in Egypt for COP27

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

By Dipo Olowookere The Nigerian Exchange (NGX) Limited has announced the lifting of the suspension placed on Mutual Benefits Assurance Plc on July 1, 2022. For nearly two months, investors could not buy and sell shares of the underwriting company because of the action of the exchange. The insurance firm had failed to file its financial statements to the bourse for the perusal of the investing public and after efforts to make the organisation comply with the listing rules failed, the company was prohibited from trading its stocks on the platform. Mutual Benefits was among the nine firms suspended by

By Modupe Gbadeyanka To enable individuals and businesses across Africa to receive money from over 200 countries and territories, the continent’s largest payment gateway, MFS Africa, has partnered with Western Union. It was gathered that the partnership would enable funds to be sent from countries around the world to mobile wallets across Africa through the organization’s licensed payment rails. The service will first launch in Madagascar and eventually in other countries across the continent. Kumar Shourav, Managing Director, MTO’s at MFS Africa, noted that a partnership like this is unprecedented in the industry, with huge potential benefits, value, and impact

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has disclosed that the Manufacturing Purchasing Managers’ Index (PMI) contracted for the fifth consecutive month in September 2020 to stand at 46.9 index points. According to the report by the apex bank, only four out of the 14 sub-sectors in the manufacturing sector surveyed saw expansion above the 50 per cent threshold in the ninth month of the year. The apex bank noted that expansion was registered in the electrical equipment; transportation equipment; cement and non-metallic mineral products sub-sectors. However, the 10 remaining sub-sectors reported contractions in the following order: petroleum

By Modupe Gbadeyanka It was a day of glory for foremost African financial institution, Guaranty Trust Bank (GTBank) Plc when it recently reaffirmed its position as a leading global brand. At the 2017 Euromoney Private Banking Awards which held on Wednesday, February 22, at the Plaisterer’s Hall in the City of London, GTBank carted away with three prizes. The financial institution was recognised as the Best Private Banking Services, Best Commercial Banking Capabilities and Best Net-worth Specific Services in Africa. According to Helen Avery, private banking editor, “This year, close to 700 institutions took part in the survey, 2,951 valid

By Dipo Olowookere One month after the Nigerian Communications Commission (NCC) declared 2017 the Year of the Consumer, it is set to flag off this strategic campaign on Wednesday, March 15, 2017. The agency will use the flag off to unveil the strategy and series of activities aimed at empowering and protecting the consumers of telecommunications services in Nigeria. Throughout the year, improving the experience of the consumer will be the major focus of the Commission working with other key stakeholders vital to the success of the campaign. Executive Vice Chairman of the Commission, Professor Umar Garba Danbatta said in

By Modupe Gbadeyanka More than 1000 employees of Ecobank Nigeria have been promoted by the management of the top lender in the country. Managing Director of Ecobank Nigeria, Mr Charles Kie, who made this known in Lagos explained that the elevation was part of the bank’s roadmap to leadership targeted at making Ecobank one of top three banks in Nigeria within the next five years. It was gathered that this latest promotion exercise, which affected about 30 percent of core employees of the bank, was also in line with its commitment to recognizing and rewarding excellence and exceptional performance. The

By Dipo Olowookere A member of the Kaduna State House of Assembly, Ibrahim Ismail, has been abducted by some unknown gunmen in the state. Mr Ismail was seized at gunpoint on Tuesday morning at his residence in Abapka in the Kaduna metropolis. According to reports, the hostage takers have made contact with Mr Ismail’s family and have asked for N70 for his freedom. Meanwhile, the Command’s Public Relations Officer, ASP Aliyu Usman, said efforts are being made to rescue the lawmaker. Mr Usman told the News Agency of Nigeria (NAN) in an interview that the Command has already deployed its