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The House of Representatives on Thursday resolved to step down the consideration of the bill for an Act to establish a regulatory agency for Non-Governmental Organisations (NGOs) and Civil Society Organizations (CSOs). The bill seeks to regulate the promotion of social development activities in Nigeria and for related matters, sponsored by Chairman, House Committee on […]

Footballers would be shown blue cards and sent to a sin-bin for dissent and cynical fouls under plans to be unveiled by the body that decides the laws of the game. Sitting alongside the currently existing yellow and red cards, a blue card would result in a player being removed from the field of play […]

QNET Denies Involvement in Illegal Activities QNET, an e-commerce company on Wednesday dissociated itself from individuals illegally using the company’s name to defraud people. The Regional General Manager of QNET Sub-Saharan Africa, Mr Biram Fall, said this in a statement on Wednesday. He said the company had recently become aware of certain individuals who claimed […]

FG to Spend N200m on Indigent Cancer Patients The Minister of State for Health, Dr Tunji Alausa, says N200 million has been earmarked for the treatment of indigent cancer patients in the 2024 Appropriation Act (budget), contained in the Cancer Health Fund (CHF). He disclosed this during a media conference to commemorate the 2024 World […]

Reps to Investigate Banks’ Non-Compliance with 24hrs FX Sell Down The House of Representatives is to investigate non-compliance by banks and financial institutions with the Central Bank of Nigeria (CBN) directives on the Net Open Position (NOP) limits. The apex bank in a notice directed commercial banks to reduce their foreign currency holdings in 24 […]

88.4m Nigerians Live in Extreme Poverty– Official Temitope Fadeshemi, Permanent Secretary of the Federal Ministry of Agriculture and Food Security says 88.4 million people in Nigeria are living in extreme poverty. Represented by Bashir Abdulkadir, Director of Department of Extension Services of the ministry. Fadeshemi spoke on Wednesday in Kaduna during the distribution of farm […]

FG Distributes Agro-inputs, Fertiliser to Anambra Farmers The Federal Ministry of Agriculture and Food Security (FMAFS), on Wednesday distributed plant seedlings, fertiliser, herbicide and poultry feeds to 250 farmers in Anambra to improve productivity and food security. The items distributed include day-old chicks, maize, okra, tomatoes and pepper seeds, poultry feeds, liquid fertiliser, herbicide, Nap […]

Oil Mixed on US Slower Output Growth Oil prices were mixed as the US lowered output expectations and a less-than-projected rise in crude stockpiles amidst hopes of a ceasefire in the Israel-Gaza war. Brent prices slide by 0.06% to $78.54 per barrel. The American benchmark, West Texas Intermediate (WTI), traded at the same time at […]

Nigeria: Production Commences at Akpo West Field –TotalEnergies TotalEnergies has announced the commencement of production, another tie-back project at Apo West Field, Nigeria, according to an official statement. According to a statement, the company said the production operation started with its partners from the Akpo West field on the PML2 license in Nigeria. Located 135 […]

NGX Slumps as Investors Eye High Yield in Debt Market The Nigerian Exchange (NGX) equities market capitalisation slumped further on Wednesday as investors shifted attention to fixed interest securities. The monetary authority conducted a primary market auction today after Debt Management sold oversubscribed bonds to investors last week. In their separate updates, stockbrokers and traders […]

Wema Bank Names Kazaure, Opeke as New Board Members Wema Bank Plc has announced the appointments of Mr Yusuf Zubair Kazaure as Non-Executive Director and Segun Opeke as Executive Director to its Board effective February 2, 2024, following approval by the regulator. In a statement, the bank said the new Directors are strong leaders in […]

Sub-Saharan Africa’s GDP to Hit US$4.5 Trillion Euromonitor International has forecast that Sub-Saharan Africa’s gross domestic product (GDP) will double by 2040 from the 2022 figure of USD 2 trillion to over USD 4.5 trillion. Euromonitor’s report, Sub-Saharan Africa: A Rising Economic Frontier, looked at the economies of 46 countries in Africa as part of […]Read More