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08

Fidelity Bank Urges Customers To Participate In Public Offering

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Fidelity Bank has urged customers and investors to invest in its ongoing N127.10 billion capital raising. The bank made this call at a town hall meeting themed ‘Own a Slice of Our Bank!’ held in Abuja yesterday. Fidelity Bank is offering a…

Dangote Faults CBN’s 26% Interest Rate, Says No Growth Will Happen

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President of the Dangote Group, Aliko Dangote, has criticised the Central Bank of Nigeria’s decision to raise interest rates to nearly 30 per cent. The foremost entrepreneur also advocated for policies that safeguard domestic industries…

PMI Spotlights Global Certifications·

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Project Management Institute (PMI) is showcasing its globally renowned certifications at the NOG Energy Week. Among the certifications to be highlighted are the gold standard, Project Management Professional (PMP®), and the PMI…

Access Holdings Set To Raise N351bn Rights Issue

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Access Holdings Plc yesterday held a formal signing ceremony as part of the arrangements to raise a total of N351.009 billion by way of a rights issue to existing shareholders. The Offer is part of the Group’s strategy to enhance its…

Firm Launches Innovative Car Hailing Service In Abuja

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An IT firm, 23 Technologies,has officially unveiled the company’s innovative car hailing service, 23 Ride, in the Federal Capital Territory (FCT).The company aims to differentiate itself by addressing the specific needs of drivers and…

FG’s Housing Agenda Not Tolerant Of Abandoned Work – Dangiwa

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Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa has declared that the Renewed Hope Housing Agenda of President Bola Ahmed Tinubu would not tolerate abandoned work. Dangiwa warned that any contractor that collects…

FG Seeks Roadmap, Policy Framework To Revamp Manufacturing Sector

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The federal government has joined forces with the Manufacturers Association of Nigeria (MAN) to come up with an actionable roadmap and policy framework that would refurbish the nation’s manufacturing sector. This is just as the Vice…

NNPC Declares State Of Emergency On Crude Oil Production

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The Nigerian National Petroleum Company, Limited(NNPC) has declared a state of emergency on production in Nigeria’s oil and gas industry. The declaration the Company said is aimed at increasing Nigeria’s crude oil production and growing…

Google Partners Creative Industry To Empower 6,000 Youths

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Google Sub-Saharan Africa in collaboration with the Creative Industries Initiative for Africa (C.I.I.F.A.) on Tuesday said it was launching the second cohort of its Engage Nigeria Programme. Manager, EMEA Music & Culture at Google Sub…

Innovative Instruments Key To Development – SEC

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The director-general of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has posited that innovative financial instruments have the power to unlock new opportunities, foster growth, and address pressing socio-economic…

Speed Up IOC Divestments To Unlock 200,000bpd Oil, 1.5bcf Gas – IPPG

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The Independent Petroleum Producers Group (IPPG) has called on the federal government to accelerate the conclusion of all the pending International Oil Companies (IOCs) divestment transactions in the country to unlock over 200,000 barrels…

Market Rebounds By N26bn As Key Banking Stocks Rally

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The Nigerian stock market yesterday closed N26 billion higher as investor interests in Guaranty Trust Holding Company (GTCO), Zenith Bank and United Bank for Africa (UBA) pushed the broader index into positive terrain. The All-Share Index…

07

Edo Guber: We Are Not Banking On Federal Might – APC

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The director general of All Progressives Congress (APC) Campaign Organisation, Senator Matthew Urhoghide, has dismissed the claim that APC is relying on ‘federal might’ to win the September 21 governorship election in the state. Urhoghide…

APC Group Kicks Against Alleged Plot To Remove NNPCL Boss

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The Confederation of All Progressives Congress Support Groups (CASG), has said the call for removal of group chief executive officer of Nigeria National Petroleum Company limited (NNPC Ltd), Mr. Mele Kyari, was sparked by his transparency…

UniAbuja Ventures, Norrenberger To Raise N50bn For Infrastructure Development

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UniAbuja Ventures Limited has struck a strategic partnership with Norrenberger for N50 billion joint investments to create viable infrastructure projects and investments in profitable economic ventures. The managing director of UniAbuja…

06

Give Timely Information On Flooding,Senate Tells NIMET

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Senate has called on the Nigerian Meteorological Agency (NIMET) and other relevant bodies to promptly provide information, recommendations, and preparedness measures regarding flooding and other disasters. This is to ensure that the public…

Reps To Investigate 5-year Finances Of WAEC

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House of Representatives has resolved to investigate the administration of public revenues and expenditures of the West African Examination Council (WAEC) from 2018 to 2023. This was a sequel to the adoption of a motion moved by Hon. Amobi…

03

Ododo Hails Tinubu For Appointing Sheidu NPTF Executive Secretary

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Governor Ahmed Usman Ododo of Kogi State has commended President Bola Ahmed Tinubu for appointing Mr. Mohammed Sheidu as the executive secretary of the Nigeria Police Trust Fund (NPTF). In a congratulatory message to the new NPTF boss,…

Reps Initiate 1,351 Bills, Pass 89, Introduce 679 Motions

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Speaker of the House of Representatives, Hon. Abbas Tajudeen said the Green Chamber of the National Assembly has introduced 1,351 bills and passed 89 of them in its first legislative year. Abbas also said 679 motions were introduced to…

Alarming Nigeria’s Data Breaches

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The recent revelation that Nigerians’ personal data were available for purchase online at a fee was long expected, considering the unseriousness and laxity with which data acquisition and protection have been handled in the country for…

02

High Energy Tariffs: Universities Can Generate Own Electricity – Experts

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Nigeria’s universities are facing a major challenge in the form of high energy tariffs, with many of them spending millions of naira each month to keep the lights on. This has led experts in the industry to call for universities to…

Senate To Decriminalise Non-use Of National Identity Number

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The Senate is set to decriminalise the non-use of National Identity Number (NIN) through a bill to repeal the National Identity Management Commission (NIMC) Act 2014. Leading the debate on the NIMC repeal and enactment bill, 2024, which…

FG Exempts Farmers, Manufacturers, MSMEs From Withholding Tax

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The federal government has approved a new tax regime that exempts manufacturers and producers such as farmers and small businesses from withholding tax compliance. The government also reduced rates for businesses with low margins while…

01

CBN To Sanction Banks, BDCs For Rejecting Old, Small Dollar Denominations

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The Central Bank Of Nigeria (CBN) has said that it will sanction any Deposit Money Bank (DMB) and Bureau De Change (BDC) operators in the country who reject old and small denominations of the United States Dollar bills. According a…

Fresh Trouble Hits Zamfara APC As Marafa Revives Faction

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The Zamfara State chapter of the All Progressives Congress (APC) is facing another internal crisis as Senator Kabiru Marafa revives his faction of the party. This development comes after a previous crisis led to the party’s loss of all…

Tuesday, Jul 2

22

We Are All Equal, No Discriminations, Kalu Tells Lawmakers

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The Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, has declared that all members of the parliament are colleagues and equal irrespective of their political affiliations, economic or social backgrounds. He…

21

Dangote Condemns CBN’s Interest Rate Hike

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Forbes’ Africa’s richest man and chairman of Dangote Group, Aliko Dangote, has strongly criticised the Central Bank of Nigeria’s (CBN) recent interest rate hike, which has approached nearly 30 per cent. Speaking at the opening session of a…

20

EU Launches Digital Platform To Boost Nigeria’s Agribusiness Sector

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The European Union (EU) has launched the EU-Nigeria Agribusiness Platform, targeted at increasing private investments in the country’s agribusiness sector. A statement by the Press Office of the EU Delegation to Nigeria and the Economic…

19

Tech Firm Sets New Security Standards, Unveils VerifyNG App In Nigerian Market

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A pioneer in AI, biometrics, machine learning, and big data solutions, Quantum Space Dynamics Inc. (QSD) has unveiled VerifyNG, a revolutionary facial recognition verification software created especially for the Nigerian market. VerifyNG…

18

Imo Assembly Suspends 4 Lawmakers For ‘Plotting Speaker’s Impeachment’

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Amidst allegations of plotting to impeach the Speaker of the Imo State House of Assembly, four members of the House have been suspended till further notice. The lawmakers are the members representing Ahiazu-Mbaise constituency, Samuel…