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President Bola Tinubu has appointed Mrs. Zubaida Umar as the Director-General of the National Emergency Management Agency (NEMA). Umar’s appointment was made public in a statement on Friday evening by Special Adviser to the President on Media and Publicity, Ajuri Ngelale. “President Bola Tinubu has approved the appointment of Mrs. Zubaida Umar as the Director-General […]

The ruling All Progressives Congress on Friday warned the Peoples Democratic Party to stop meddling in the affairs of the National Assembly. This is even as it said the Senate President, Godswill Akpabio, has done nothing wrong to warrant quitting his position over the suspension of Senator Abdul Ningi. The warning comes on the heels […]

MainOne, one of the undersea cable companies affected by service disruptions due to multiple cable cuts, has said it might take between two and three weeks to fix the damaged portions of the cable. In a note shared with The Nation on Friday, the cable company said some form of seismic activity on the seabed […]

The Court of Appeal in Abuja has held that the Code of Conduct Bureau (CCB) cannot be compelled by a request made under the Freedom of Information Act (FOI) to release details in the assets declaration forms completed and submitted to it by public officials. In a judgment on Friday, a three-member of the court […]

Kogi state government has raised the alarm that the Economic and Financial Crimes Commission (EFCC) is planning to raise false and fractious charges against former Governor Yahaya Bello. It accused the commission of executing a political agenda instead of fighting corruption in accordance with its constitutional mandate. Kogi government said EFCC should come clean on […]

Naira Diverges, FX Gap Moderates to Single Digit The naira rallied marginally on Thursday as the volume of the US dollar at the Nigeria autonomous foreign exchange market surpassed the total demand logged by FX users. However, the exchange rate depreciated at the parallel market, reversing previous rallies. According to information obtained from the FMDQ […]

Refinery Rehab. Fraud: I Was Quoted Out of Context – Senator Uba The Senate has dismissed media reports claiming that it will expose all “frauds associated with the contracts and management of the Turn Around Maintenance of the nation’s refineries”. A news report last week claimed that the Senate through its Ad-hoc Committee on Investigation […]

We’ll Continue to Use Technology to Bridge Financial Inclusion Gap -Moniepoint CEO Given the critical importance of financial inclusion to national development and building a sustainable economy, Group CEO Moniepoint Inc., Tosin Eniolorunda, has reaffirmed his organization’s resolve to increase financial inclusion and drive the adoption of technology by the underserved consumers in the country. […]

Consumer Index Drives Nigerian Exchange Higher N28bn Equities market capitalisation of the Nigerian Exchange (NGX) rose by N27.65 billion as FBN Holdings and Dangote Sugar Refinery Plc’s stock rallied.  The major gainer was the consumer index followed by the banking index with flattish performance along the oil and gas index. According to stockbrokers, the Nigerian […]

Paris Club Agrees to Cancel Over $2bn Somali Debt The Paris Club has agreed to cancel more than two billion dollars debt Somalia owed its members, to help the East African country restore its debt sustainability According to a statement issued on Wednesday, the debt relief represents 99 per cent of the debt Somalia owed […]

Reps Canvass PPP for Healthcare Financing The House of Representatives has urged the Federal Ministry of Health to develop a policy framework on Public-Private Partnerships (PPP) for healthcare financing in Nigeria. The call was a sequel to the adoption of a motion by Rep. Chidi Obetta (LP-Enugu state) at plenary on Thursday in Abuja. Moving […]

Reps Committee Proposed Establishment of Maritime Bank The House of Representatives Committee on Shipping Service has proposed the establishment of a maritime bank to boost the nation’s shipping industry and the maritime sector as a whole. The Chairman, House of Representatives Committee on Shipping Services, Mr Abdulsamad Dasuki, said this when his team paid an […]