Sterling Bank considers new banking subsidiary, to adopt HoldCo structure

By Peter Egwuatu Sterling Bank Plc, has disclosed that it is considering a new subsidiary as it transforms into a holding company, HoldCo. Under the new plan, the structure will consist of new subsidiaries, including a conventional bank and a Non-Interest Bank (NIB), following approval in principle recently obtained from the Central Bank of Nigeria (CBN). …

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Nigerians to pay N5 per channel, as TSTV relaunches services

By Joseph Erunke – Abuja Three years after its first roll-out, TSTV Africa has concluded plans to relaunch its services on October 1st, with a pay per view model as low as N3.00 and as high as N5.00 for a channel per day. Addressing newsmen on Tuesday in Abuja, the Managing Director TSTV, Bright Echefu …

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Railway will support industrialisation, economic growth -Buhari

President Muhammadu Buhari says railway  mode of transportation is a vital backbone for industrialisation and economic development of the country. Buhari said this on Tuesday while innaugurating the Itakpe-Warri rail line for commercial operations  at the Goodluck Jonathan Railway Complex in Agbor (Owa-Oyibu), Asaba, Delta State.  He urged all stakeholders in the transportation sector and the railway …

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Buhari seeks confirmation of nominees as Justices of Supreme Court, others

President Muhammadu Buhari By Henry Umoru – Abuja President Muhammadu Buhari has written to the Senate, seeking the confirmation of eight Justices of the Court of Appeal as Justices of the Supreme Court of Nigeria. The request was contained in a letter dated 31st August 2020 and read yesterday by the President of the Senate, Senator …

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EFCC: We’ll thoroughly probe allegations against Magu — Justice Salami

Says “I never regret my appointment to head panel of inqui By Ikechukwu Nnochiri – Abuja Former President of the Court of Appeal, Justice Isa Ayo Salami, on Tuesday, said he has no cause to regret his appointment as Chairman of the Presidential Judicial Commission of Inquiry that is currently investigating allegations against the suspended Acting …

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Subsidy removal good for private refineries — FG

President Muhammadu Buhari By Sherifat Lawal The Federal Government has said the removal of fuel subsidy, which led to the recent hike in the pump price of fuel, is a good development for private refineries, as the subsidy-driven environment was not conducive for the investors. The Minister of State, Petroleum Resources, Mr. Timipre Sylva, said this …

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2020 Ondo Guber Election: Yiaga releases 1st pre-election report

Says intimidation, violence worrisome By Gabriel Ewepu – Abuja As Ondo Governorship Election remains barely 12 days, an election observer, Yiaga Africa, Tuesday released its first Pre-election Observation (PREO) Report. The report which was made available to Vanguard indicated several findings on political activities carried out by governorship candidates and supporters of various political parties, …

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Why we’re demanding for electoral reforms in Nigeria — CSOs

Decry slow improvement in electoral system By Gabriel Ewepu and Alice Ekpang – Abuja Ahead of the 2023 general elections Civil Society Organisations, CSOs, on Tuesday, explained why Nigeria needs constitutional and electoral reforms based on worrisome factors stunting the process, participation, and performance. This was contained in an address jointly signed by Yetunde Bakare …

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I am not contesting for House of Reps, Delta youth leader – Agberehiere

Mr. Ojitevwobo Agberhiere Foremost Youth Leader in Delta State and Logistics Mogul, Mr. Ojitevwobo Agberhiere, has said, he is not contesting for Okpe Sapele and Uvwie Federal Constituency seat in 2023. Agberhiere, was reacting to a news published by some online platforms, that he was vying for the Federal Constituency seat. He said his main focus …

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We must prevent Nigeria’s Economy from going into recession — Buhari

Buhari to Present 2021 Budget Next Week — Senate Says Nigeria was confronted with over $14 Billion Revenue Gap because of Over Dependence on Oil Confirms receipt of PIB By Henry Umoru – Abuja President Muhammadu Buhari will next week present to the Joint National Assembly, the 2021 Appropriation Bill for subsequent consideration by both the …

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Reps in shouting match, as speaker withdraws National Water Resources  Bill

Tordue Salem – Abuja The House of Representatives has withdrawn its controversial National Water  Resources Bill, 2020. The House was thrown into a turmoil on Tuesday, while considering a Matter of Privilege, raised by Rep. Benjamin Mzondu(PDP-Benue) to be heard on the contentious National Water Resources Bill, 2020. Mzondu’s motion sought the withdrawal of the …

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Group petitions NJC over bail for murder suspect

National Judicial Council By Ozioruva Aliu BENIN CITY – A group Benin Solidarity Movement (BSM) has petitioned the National Judicial Council (NJC) over the granting of bail to a murder suspect which it is alleged were granted under questionable circumstances.    The letter signed by the President of the group, Comrade Curtis Ugbo and the Acting …

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Panic in Akwa Ibom community as gunmen attack church, shoot one

By Chioma Onuegbu  – Uyo There is panic in Inen Ikot Esse village in OrukAnam local government area of Akwa Ibom, as gunmen suspected to be cultists invaded a Pentecostal church, during Sunday service, and shot one of the church elders identified Elder Friday Ufenang It was gathered that the suspected cultists numbering over 10 …

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Flood: Imo begins desilting of drainages to tackle erosion

Photo: Erosion challenge at Trinity street Akawkuma in Owerri North local government area of Imo state. By Chinonso Alozie, Owerri The National Emergency Management Agency, NEMA, said that the Imo state government has started the desilting of underground tunnels and drainages in the state, as part of the measures to checkmate the erosion challenges. The Head …

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Electricity: FG to make renewable energy investments attractive, profitable — ECN

…Eyes power generation from small rivers, solar cells from sand By Michael Eboh The Energy Commission of Nigeria, ECN, Tuesday, disclosed that the Federal Government has adopted strategies aimed at making investments in the renewable energy sector, especially for electricity generation, attractive and profitable for investors and the private sector. This was even as the Minister …

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Breaking: President Buhari to present 2021 budget next week

President Muhammadu Buhari …As Senate confirms receipt of PIB President of the Senate, Ahmad Lawan, has said that President Muhammadu Buhari would next week present the 2021 budget estimates to a joint sitting of the National Assembly. Lawan made this known on Tuesday during plenary in a speech delivered to welcome lawmakers back from the Senate’s …

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APC enlists El-Rufai, Okorocha, others to reconcile Ekiti warring groups

By Omeiza Ajayi, Abuja The Governor Mai Mala Buni-led Caretaker/Extraordinary National Convention Planning Committee of the All Progressives Congress APC has appointed a six-member reconciliation committee for the party’s Ekiti State Chapter. The committee chaired by the Governor of Kaduna State, Nasir Ahmad El-Rufai was inaugurated by the Secretary of the APC Caretaker Committee, Sen. John …

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Supply of 2000 buses to cooperatives will reduce impact of poverty ― Akume

By Gabriel Ewepu THE Minister of Special Duties and Inter-Governmental Affairs, Senator George Akume, said with Federal Government’s intervention and supply of first tranche of 2000 buses to various cooperatives across the country will reduce impact of poverty. Akume delivering his keynote Tuesday, at the Inter-Ministerial Stakeholders Meeting on the Supply of 2000 Buses to Cooperative …

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Man kills wife, commits suicide in Cross River

By Emma Una, Calabar A middle-aged man whose name was simply given as Akpan shot his wife dead on allegation of infidelity before hanging himself over the weekend in Cross River State. The incident happened in the village of Bashua in Boki Local Government Area in the Central Senatorial District of the state where the man …

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