The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has advised Ecobank Transnational Incorporated (ETI) to ensure operational independence of its Nigerian subsidiary, Ecobank Nigeria. This, Ibrahim said, would enable ETI benefit fully from the bank and also consolidate on the gains achieved from the on-going restructuring of the bank. Speaking in […]NDIC wants operational independence for Ecobank Nigeria
President Goodluck Jonathan on Tuesday lamented the huge rate at which corporate businesses and individuals were evading tax in the country, stating that a diagnosis carried out by the Federal Inland Revenue Service revealed that as many as 65 per cent of registered tax payers had not filed their returns in two years. The President, […]65% of registered payers evade tax â€“ Jonathan
The Asset Management Corporation of Nigeriaâ€™s bonds acquired by the Central Bank of Nigeria has raised the central bankâ€™s liabilities from N2.1tn in 2009 to N6.1tn in 2013, a new report released by Afrinvest has revealed. The 2014 Banking Sector report, which was released in Lagos Tuesday, disclosed that the development had made over 40 […]AMCON bonds raise CBNâ€™s liabilities to N6tn â€“ Report
– Al Jazeera has aired exclusive audio of South Sudan Liberation Army rebel commander Peter Gadet threatening to shoot incoming UN aircraft, just nine days before a UN helicopter was shot down on 26 August 2014 over Bentiu in Unity…Read more →
The Transmission Company of Nigeria on Tuesday apologised to the people of Maiduguri, Damboa, Biu and other communities in Borno State for the power outage being experienced there since mid-July. A statement issued by General Manager, Public Affairs, TCN, Mrs. Seun Olagunju, explained that the outage was caused by a cut conductor on the 132kV […]TCN explains Maiduguri, Damboa, Biu outage
The Nigeria Institute of Social and Economic Research has called on the Federal Government to employ sound monetary and fiscal policies in order to tame the unstable exchange rates, which complicate debt servicing. At the instituteâ€™s monthly seminar held in Ibadan on Tuesday, Mr. Amos Ogunwale of the Department of Surveillance and Forecasting, stated in […]How to overcome unstable exchange rates â€“ NISER
The Board of Directors of Mainstream Energy Solutions Limited has approved the Capacity Recovery Plan (CRP) for the rehabilitation of the Kainji and Jebba hydropower plants in Nigeria (with a total installed capacity of 1.3 GW) prepared by RusHydro International AG, a subsidiary of RusHydro. The next step for RusHydro International AG will be to […]Mainstream Energy, RusHydro start rehabilitation of Kainji, Jebba power plants
Dr. Orji Uzor Kalu (4th left); hugging PDP National Chairman, Alhaji Adamu Muâ€™azu (sitting); PDP chieftain, Dr. Aliyu Modibbo (left); DIG Marvel Akpoyibo (rtd.); MD of FERMA, Mr. Gabriel Amuchi; Chief Ikedi Ohakim (3rd right); Chief Uche Secondus and Hon. Dimeji Bankole, PDP top shots, after a strategic meeting with Muâ€™azu at PDP national headquarters,
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Senate President David Mark, yesterday, restated his position on the possibility of creating new states in the country to complement the existing ones. Speaking when four members of the House of Representatives and nine chairmen of local government councils from his Benue South constituency visited him in his office at the National Assembly, Abuja, Mark […]
…FG to spend N13bn on rice, cassava mills The Minister of State for Power, Mohammed Wakil, yesterday disclosed that the Federal Executive Council, FEC, has approved contract for the additional construction of 1x60MVA, 132/332KV transformer to the Maiduguri 1x150MVA, NK330/132 substation at $2,250,446.72, payable at the prevailing exchange rate at the time of payments plus […]
The Federal Inland Revenue Service, FIRS, has introduced new techniques and audit tools as part of efforts to increase tax revenue collection across its field offices. The Acting Executive Chairman of FIRS, Kabir Mashi, disclosed this at a one-day interactive session for Heads of Audit and their supervisors across the country, in Abuja. Mashi, in […]
A 2 1 – y e a r – o l d man, Onyebuchi Ebili, who allegedly raped a 17-year-old girl, has been arraigned before an Ebute-Metta Chief Magistratesâ€™Court, on a three-count charge of conspiracy, unlawful sexual intercourse and stealing. The prosecutor, Insp. Cyriacus Osuji, told the court that the accused and others still at […]
Economic and social activities were on Tuesday paralysed in Owo, headquarters of Owo Local Government area of Ondo State, as commercial motorcyclists known as â€˜Okadaâ€™ clashed with the police. Many people were reportedly injured in the fracas which lasted for three hours. According to an eye witness, Wale Ojumu who said that trouble started when […]
Business activities in Ubeji and adjoining areas in Warri South local government area of Delta State were yesterday paralysed, as aggrieved residents blocked the only access road between the community and Warri. Community Mirror gathered that the action was aimed at registering their grievances over the bad state of road in the area. It was […]
The leaders of the main UK parties have made a plea for a vote against Scottish independence, as they campaigned north of the border ahead of the referendum. Prime Minister David Cameron yesterday begged Scots not to rip apart the United Kingdomâ€™s â€œfamily of nationsâ€, flying to Scotland to man the barricades against a surge […]
â€¦Juju shrines, septic tanks used for storage Operatives of the Joint (Military) Task Force, JTF, code-named â€˜Operation Pulo Shieldâ€™ yesterday said they uncovered new tactics by oil thieves and illegal oil bunkerers in the Niger Delta to beat security checks, with the discovery of stolen crude oil in â€˜jujuâ€™ shrines and septic tanks in some […]
â€¦urges govt to reverse policy Two groups, Concerned Human Rights Nigeria, CHRN, yesterday in Lagos protested the re-introduction of charges of N65 on Automated Teller, ATM, machines withdrawals by the new Central Bank of Nigeria, CBN Governor, Mr. Godwin Emefiele, saying the policy was antipeople and an indication of the governmentâ€™s insensitivity to the citizenry. […]
Lagos State Governor, Mr. Babatunde Fashola, yesterday paid a condolence visit to the family of the late frontline journalist, Mr. Dimgba Igwe, describing him as a brother and a friend. Fashola was accompanied on the visit to the deceasedâ€™s Okota home by some of his aides, including Mr. Hakeem Bello, his special adviser on Media. […]
If you take a trip to Ekiti State for the first time, some of the things you will see are hills and rocky mountains of various types, shapes and sizes. The way nature arranged them across the state are so amazing. Their appearances are so fascinating that you will wish you have vacation and sufficient
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Vice Chancellor of the University of Ibadan, Professor Isaac Adewole, led other panel of experts recently to brainstorm on the latest scientific inforÂmation on the nature of the Ebola Virus Disease (EVD), how it spreads, its signs and symptoms and how it can be prevented. It was the maiden town hall meeting organised by the
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