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Adeleke Presents 4bn Bond Certificates to Retirees Gov. Ademola Adeleke of Osun on Friday presented N4 billion bond certificates to both state and local government retirees in the state. Presenting the bond certificates, Adeleke said that out of the figure, retirees at the state level would receive N1.59 billion, while retirees at the local government […]

AfDB, Intel to Train 3m Africans in Artificial Intelligence The African Development Bank (AfDB) and technology giant Intel have formalized their cooperation to transform the African digital ecosystem. The partnership aims to equip 3 million Africans and 30,000 government officials with AI skills. Sealed at the recent African Development Bank’s Annual Meetings in Nairobi, Kenya, […]

N180bn debt: EEDC to Disconnect Government Houses, CBN, Army, Others The Enugu Electricity Distribution Company (EEDC) has threatened to begin to disconnect Government Houses, Central Bank of Nigeria (CBN) offices, Nigerian Army and others in the South-East allegedly owing the company. The company issued the threat in a statement signed by it’s Head of Corporate […]

Tinubu Commissions N21bn VP’s Residence After 14 years’ Award President Bola Tinubu on Friday commissioned the official residence of the Vice-President built at the cost of N21 billion, after 14 years of initial award. Tinubu, represented by the Vice-President Kashim Shettima, reaffirmed the unwavering dedication of his administration to the principles of accountability, transparency and […]

Veritas Kapital Earns N2.33bn Profit in 2023 Veritas Kapital Assurance Plc. has recorded an increase in its Profit After Tax(PAT) from N193.93 million in year 2022 to N2.33 billion for the financial year ended Dec.31, 2023. The insurance company revealed this in a statement made available to newsmen on Friday in Lagos. The company, having […]Read More

Ecobank, Oando Drive Midday Gain in Nigerian Exchange Nigerian Exchange Equities investors are currently taking positions in Ecobank, Oando and AIICO stocks, thus, shifting key metrics into green zone after negative outing yesterday. In its market update, Alpha Morgan Capital Limited told investors via email that at mid-day, the Nigerian Exchange, NGX, All Share Index […]

The National Human Rights Commission (NHRC) has expressed over the rising cases of human rights violations across the country. The executive secretary of the commission, Dr Anthony Ojukwu, SAN expressed this concern on Friday when a report from the NHRC’s dashboard was presented. According to Mr Ojukwu, the dashboard stands as a testament to the […]

The Federal Government has increased its offer of a new national minimum wage to N62,000, while organised labour has reduced its demand from N494,000 to N250,000. This comes after the Minister of Finance, Wale Edun, submitted the cost implication of minimum wage to President Bola Tinubu. However, the organised labour is proposing a N250,000 which […]

The Minister of Power, Adebayo Adelabu, has revealed how his ministry recovered the sum of N12.7 billion from a local supplier 21 years after payment by the federal government. Adelabu made this disclosure in a statement on Friday at a conference in Lagos. He said the government paid N32 billion ($200 million) to a local […]

Nigerians spent the sum of €3,435,200 in applying for Schengen visas in 2023 but their applications turned out to be unsuccessful. This was disclosed in a report by EUobserver as quoted by Schengen visa statistics. “The European Union (EU) earned €3,435,200 from rejected Schengen visa applications from Nigeria in 2023,” the report read. “Globally, the […]

Federal High Court in Abuja has issued an order of final forfeiture of all assets of a private university, NOK University, located in Kaduna State to the Federal Government. Justice Joyce Abdulmalik, in a judgment on Friday, held that the promoter of the university, Anthony Hassan failed to prove, with convincing evidence, that he did […]

Justice Inyang Ekwo of the Federal High Court, Abuja, on Friday, ordered the Vice Chancellor of the University of Abuja, Prof. Rasheed Na’Allah, to appear before it on June 13 to show cause why the planned inauguration of the newly elected Governing Council members of the institution should not be stopped. The plaintiffs; Prof. Saint […]