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IMF Approves Disbursement of $60.7m to MOZAMBIQUE The International Monetary Fund’s executive board has completed the third review of Mozambique’s three-year loan programme for an immediate disbursement of $60.7 million to Maputo. The review brings total disbursements under the $456 million Extended Credit Facility programme approved in 2022 to about $273 million, IMF said. “Programme […]

US Dollar Rises Ahead of Trade, Consumer Data The US dollar rose against its major trading partners early Tuesday, except for a decline against the yen, ahead of the release of international trade data for November. Earlier Tuesday, the National Federation of Independent Business’s sentiment index showed improvement in the outlook for economic expectations and […]

5% Banks Shares Purchase Now Requires CBN Approval To prevent a replay of Oba Otudeko and FBN Holdings, the Central Bank of Nigeria (CBN) now requires shareholders to obtain approval. Some insiders in the financial services sector abused open market transactions to entrench their interest in some local banks. Majorly, these supposed influential shareholders are […]

BlockChain: 5 Trends to Look Out for in Nigeria Nigeria, the largest economy in Africa, quickly recognized the advantages of the innovative capabilities of blockchain technology. The country was quick to adopt the technology, after the introduction of a National Blockchain Policy that was aimed at promoting economic growth and fostering innovation within the country. […]

FCCPC: Consumers laud Irukera over impactful leadership Some consumers have commended Mr Babatunde Irukera, the former Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), for his impactful leadership in the Commission. President Bola Tinubu on Jan. 8 relieved Irukera of his duties. Some of the consumers who reacted to his sack […]

Human Capital Development Is Critical in Repositioning NASENI  –Halilu The Executive Vice Chairman/Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has stated that investing in human capital development and staff motivation remain the best ways of repositioning the Agency into a power-house of Science, Technology and […]

MTN to Disconnect Glo Lines by Jan. 18 In barely two weeks, customers of Indigenous Telecoms Company, Globacom will not be able to make calls across to MTN network. This is because, the Nigerian Communications Commission (NCC) has approved MTN to disconnect all Glo subscribers from its network with effect from January 18, 2024. The […]

The case challenging the appointment of Caretaker Committees to oversee local governments in Ondo State, Nigeria has been adjourned to allow the parties explore an out-of-court settlement. The lawsuit was filed on November 10, 2023 by the Peoples Democratic Party (PDP) against the Ondo State Government. On December 21, 2023, the court granted an injunction […]

By Ebun-Olu Adegboruwa, SAN Some weeks ago, I was a guest speaker at the national seminar organized by Civil Society Legislative Advocacy Centre (CISLAC) at Sheraton Hotel, Lagos where we brainstormed on the Politicization of Election Disputes in Nigeria’s Courts, Key Provisions of the Electoral Act and the Challenges of Technical Interpretation. Permit me to […]

The senator representing Anambra South senatorial zone, Ifeanyi Ubah, has reacted to the suspension of the traditional ruler of Neni, a community in Anaocha Local Government Area. A suspension letter by Anambra State Commissioner for Local Government and Chieftaincy Matters, Tony Collins Nwabunwanne, accused HRM Igwe Damian Ezeani of not seeking clearance from the state […]

The Federal Government through the Federal Ministry of Education on Tuesday, inaugurated an inter-ministerial committee to look into the activities of private and foreign universities operating in the country. The committee has, as some of its members, the Registrar of the Joint Admissions and Matriculation Board, Prof. Ishaq Oloyede; the Minister of Youths, Jamila Bio-Ibrahim; […]

The CEOs of Zenith, Providus, and Jaiz banks have been apprehended by the Economic and Financial Crimes Commission (EFCC) in connection with financial misappropriation and fraud linked to disgraced Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and her predecessor, Sadiya Umar-Farouk, The Gazette report. The banking executives, who have been under stealth scrutiny […]