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Today News

07

Grassroots’ devt: All eyes now on LG chairs after Supreme Court ruling

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…Despite the judgement, govs can still control LG funds – Expert Stakeholders and analysts are already canvassing measures to ensure effective implementation of the recent Supreme Court ruling and accountability …

04

Tinubu okays establishes mgt unit for health sector funding

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President Bola Ahmed Tinubu has approved the establishment of the Sector-wide Coordinating Office-Programme Management Unit (SCO-PMU) domiciled in the Office of the Coordinating Minister of Health and Social Welfare. The …

Transcorp Group delivers outstanding H1 returns, records 114% revenue growth

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Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, reported its Half-Year (H1) 2024 unaudited results, showing impressive year-on-year growth, for the period ended June 30, 2024. In its half …

03

Attorney General , NDIC , others support Insurance reform bill

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The Attorney – General of the Federation and Minister of Justice, Prince Lateef Fagbemi ( SAN) and major stakeholders in the Insurance sector on Friday , supported the move by …

The rise and fall of minimum wage?

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According to Thomas Sowell’s insightful assertion, ‘the real minimum wage is zero’. Can we get the message clearly and decipher its highly philosophical intent and value? A conflicting relationship has …

NWDC: Reps Caucus hails Tinubu on assent to bill

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The House of Representatives North West Caucus has commended President Bola Ahmed Tinubu over his assent to the North West Development Commission (NWDC) establishment bill, saying the action had justified …

Dangote Cement’s low performance drags equity market down by N1.11trn

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Dangote Cement Plc. recorded a 9.99 per cent decline on the floor of Nigerian Exchange (NGX) on Friday, resulting in a N1.11 trillion loss in the market capitalisation. The negative …

Green economy’ll drive Nigeria’s economic diversification, job- creation – SEC boss

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The director-general of the Securities and Exchange Commission (SEC), Emomotimi Agama, has said embracing a green economy would “bring numerous benefits, including economic diversification, job creation, and improved public health …

Friday, Jul 26

22

Tunji Bello assumes office as FCCPC boss

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Mr. Tunji Bello on Thursday officially assumed duties as the Executive Vice Chairman/ Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC). A statement issued by the …

Firm sues CAC for N100m over ‘registration of identical company’

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A N100 million suit has been slammed against the Corporate Affairs Commission (CAC) and two others by a manufacturing company over alleged registration of identical companies resulting in its loss …

17

CSOs raise alarm over plans to sabotage Dangote refinery

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The Nigerian Democracy Working Group has raised an alarm over plans to sabotage the Dangote Refinery. The CSOs warned that if such a plan is allowed to be perfected it …

15

Nigeria’s windfall levy on banks’ exceptional FX gains – A useful perspective

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Nigeria is set to implement something unprecedented: a 70 percent Tax or Levy on a ‘windfall’ profit that accrued to commercial banks following last year’s significant devaluation of the Naira—a …

13

My book encourages young people to engage in small scale businesses – Jinjiri

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An entrepreneur from Yobe state, Suleiman Mohammed Jinjiri, has published a book titled “Building Life Through Small Scale Business”. A graduate of the university of Maiduguri, Sulaiman Mohammed Jinjiri, is …

11

NNPC announces massive recruitment *How to apply

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The Nigerian National Petroleum Company Limited (NNPCL) has announced various job vacancies for Nigerians to fill in. The oil company is looking to recruit intelligent young graduates with no experience, …

08

Oloworaran: Financial round peg in PenCom’s round hole

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As Nigeria battles, unarguably, its worst financial crisis since independence, it is only apposite that the most pragmatic way to pull the country’s chestnuts out of the raging economic inferno …

Probe NNPC, World Bank scam, JODER tells Tinubu

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President Bola Ahmed Tinubu has been called upon to set up an independent judicial panel of enquiry to probe the allegations of high level corruption in the Nigerian National Petroleum …

Forum lauds LASG on compulsory health insurance for workers

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The Nigeria Universal Health Coverage (UHC) forum Thursday commended the Lagos state government on the executive order recently signed by the state governor, Governor Babajide Sanwo-Olu, which makes it mandatory …

Sanwo-Olu meets investor ahead of summit

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The Lagos state governor, Mr. Babajide Sanwo-Olu, met with selected cast of over 200 investors from around the world at the Pre-Summit Investors’ Roundtable in anticipation of the third Africa Social …

Makinde goes on annual leave August 5, hands over to deputy

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The Oyo state governor, Seyi Makinde, is to embark on his annual leave between August 5 and September 6, this year. The Speaker of Oyo state House of Assembly, Hon. …

N110bn youth investment fund portal ready for access soon – Minister

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The Minister of Youth Development, Dr. Jamila Bio Ibrahim, has said the portal for the Restructured Youth Investment Fund of N110 billion will be accessible in the coming days. The …

07

Nigeria’s debt service drops as revenue surges

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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said that the federal government has recorded significant strides in its fiscal management, with a dramatic decline …

Domestic equity closes lower, sheds N118bn

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Trading activities on the floor of Nigerian Exchange on Thursday closed southward, declining by N118 billion as the bears continue to dominate the market. Market capitalisation of listed equities declined …

Alleged toxic fuel importation: HOMEF calls for investigation

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Health of Mother Earth Foundation (HOMEF), has called for investigation into allegations of importing and foisting ‘dirty’ fuels on Nigerians. HOMEF made the call in reaction to the feud betweenthe …

Moody’s cautions on credit impact of FG’s tax on banks’ forex gains

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Moody’s Investors Service has issued a warning that the federal government’s proposed one-off 50 per cent tax on banks’ foreign-currency revaluation gains may negatively impact the credit ratings of banks, …

Oversight: Reps give EFCC boss Olukoyede ultimatum to appear

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The House of Representatives Committee on Financial Crimes, Thursday, expressed displeasure with the snobbish attitude of the chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede. The committee …

Airtel Africa posts profit after tax of $31m

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Airtel Africa reported profit after tax of $31 million for the financial period ended June 30, 2024. The company result submitted at the Nigerian Exchange showed that amount represents an …

Banks record significant forex gains amid FG’s windfall tax plans

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Nigeria’s leading commercial banks have reported substantial foreign-currency revaluation gains, totaling an estimated N3.37 trillion for 2023 and the first quarter of 2024, according to their financial statements for the …

FG to issue $500m domestic foreign currency bonds August

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The Federal Government has announced plans to issue $500 million in domestic foreign currency-denominated bonds in August. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, made …

LGs and aftermath of the Supreme Court ruling

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The wild jubilation that greeted the Supreme Court judgment of July 11, 2024, in the suit filed by Lateef Fagbemi (SAN), Attorney-General of the Federation and Minister of Justice, to …

06

Tinubu: Nigeria’s economy on path of recovery, we’ll do more to meet citizens’ needs

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President Bola Ahmed Tinubu said Thursday that the nation’s economy is on a gradual but steady path of recovery, and assured citizens that his administration would do more to meet …