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Fintiri Presents N225.8bn 2024 Budget for Adamawa Gov. Ahmadu Fintiri of Adamawa on Friday presented N225.8 billion Appropriation Bill to the state House of Assembly for 2024 fiscal year. The budget is higher than N175 billion approved for 2023. Presenting the budget tagged: “Budget of Re-engineering”, Fintiri said it would focus on the development of […]

AfDB, FSDH Merchant Bank Sign $20m Trade Finance Deal The African Development Bank (AfDB) has signed a $20 million Trade Finance Facility Agreement with FSDH Merchant Bank to support small- and medium-sized businesses in Nigeria’s industrial and manufacturing sectors The facility consists of a $15 million Trade Finance Line of Credit to support SMEs and […]

Dangote Refinery Receives First Crude Cargo Dangote Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day. In a statement, […]

2024 Budget: Reps Reject  CBN, Customs Representatives, Demand Heads’ Appearance The House of Representatives has rejected representatives of Central Bank of Nigeria (CBN) Governor and Comptroller General of Nigeria Customs Service insisting they appear personally person to defend their 2024 budget proposal. Also the representatives of Federal Inland Revenue Service were also rejected by the […]

FCMB Plc Releases Q1-2024 Earnings Expectation FCMB Plc has released the group earnings estimate for the first quarter of 2024 (Q1), expecting profit to print at N12.6 billion, according to a regulatory filing. The financial services boutique told the Nigerian Exchange in its earnings forecast for January to Market 2024 that cash flow forecast for […]

A Federal High Court, sitting in Lagos on has ordered an alleged Ponzi scheme operator, Bamise Ajetunmobi, to deposit the sum of N5 billion into the court’s Deputy Chief Registrar (DCR) account, as part of his bail conditions. Justice Chukwujekwu Aneke also ordered the Ponzi scheme operator to deposit his international traveling passport with the […]

A commissioner in the Ondo State government has alleged that the signature of ailing Governor Rotimi Akeredolu on some official documents were forged. The Commissioner for Energy and Mineral Resources, Razaq Obe, made the allegation in a letter dated 7 December addressed to the deputy governor, Lucky Aiyedatiwa. It came days after a Senior Advocate […]

A Federal High Court in Abuja on Friday granted permission to a former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, to travel to the United Arab Emirates to meet with his family. Adoke is currently standing trial alongside Aliyu Abubakar, a property developer, over allegations of money laundering amounting to N300m. The […]

The Inspector General of Police, Kayode Egbetokun, has charged the MD/CEO of Duport Midstream Company Limited, Akintoye Akindele, to court for alleged fraud. However, in a twist of events, the police moved to withdraw the N150million bribery case against the Lagos businessman. The request for withdrawal of the bribery case came on the day the […]

Denies Receiving Campaign Billions from Atiku, Dangote for Governor Bid Senator Dino Melaye, the recently unsuccessful Peoples Democratic Party (PDP) candidate for the Kogi State gubernatorial elections, has come out to strongly deny viral speculations that he received financial sponsorship running into billions of naira from two prominent Nigerians – former Vice President Atiku Abubakar […]

A Federal High Court sitting in Akure, the Ondo State capital, has granted stringent bail conditions to three persons who were arrested for UTME registration impersonation examination malpractice. Timilehin Akinwale, Olayinka Mustapha and Peter Okereke, were arrested on February 15th, 2023 at Aina Awaw International College, Ilu Abo, which was a CBT centre for Jamb […]

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has called on African leaders to create quality jobs for their teeming unemployed youths, to stem the trend of brain drain bedevilling the continent. Adesina said in Abuja on Friday at the Second Veritas University Digital Innovations Exhibition and 12th Convocation Lecture, that Nigeria […]