The current boardroom crisis from the 127-year-old First Bank of Nigeria Ltd (FBN) that culminated from the intervention of the Central Bank of Nigeria (CBN) has again raised corporate governance concerns in the financial sector. The country is replete with relics of unsuccessful institutions both in the public and private businesses, occasioned by sundry ills, including poor corporate governance, mind-boggling …
The Nigeria Centre for Disease Control (NCDC) has announced it listed yet another death in the past 24 hours. The health agency said the entire amount of deaths from the disease in Nigeria now stands at 2,066. It also reported 44 new cases of this virus, bringing the total number of diseases in the country to 165,559. The new cases …
The nation’s power grid suffered another system collapse, throwing Nigerians into darkness and departing companies to hook on to alternative electricity sources. Nigeria’s erratic power grid, along with the resulting precarious energy supply is a key issue hindering growth in the continent’s biggest economy. On the other hand, the nation has continued to implement tariff increases in state-controlled costs because …
Nollywood celebrities, Chinedu Ikedieze aka Aki, and Osita Iheme aka PawPaw may have decided to heed the call of supporters to get a comeback after many years. The movie stars engaged in a back and forth over the possibility of a joint film or series project after several calls from fans to collaborate again. Recently PawPaw took to Instagram to …
The Nigeria Sovereign Investment Authority (NSIA) recorded an income of N160.06 billion last year, signalling 343 per cent more compared to the N36.15 billion income it recorded the preceding year. Announcing its 2020 audited financial reports in a digital platform, Managing Director of NSIA Mr. Uche Orji said despite the challenges of Covid-19, NSIA had a solid year. He attributed …
Initiated by the Co-founder of Inkblot Productions Zulumoke Oyibo, the IWIF was created to advocate for women’s inclusiveness and unbiased entry into the Nigerian Film Industry. With the purpose of handling societal, professional and ethical issues surrounding women in Nollywood, IWIF aims at creating a working environment that’s safe and free. One of the problems discussed in the lunch was …
The Adamawa State Police Command has deployed 1,207 personnel to secure citizens over the span of the Sallah celebration. The personnel are to boost visibility policing throughout the 21 local government regions of the State and protect against crime while individuals go about feasting at the soul of the year. Read Also: Matawalle denies paying ransom to secure release of 26 …
The Indigenous People of Biafra (IPOB) has described an allegation from Lagos State Commissioner of Police, Hakeem Odumosu, it, along with Oodua Republic agitators, intends to execute attacks on soft targets in Lagos, as baseless, false and tribal, including that it had been hatched to cause division between both caring and friendly states Nnamdi Kanu, leader of IPOB who said …
The Presidency on Monday night confirmed that there was a ridiculous effort to burgle Gambari’s residence. That is coming at a time where there are worries in the country about the increasing insecurity in the country. The current attack at Aso Rock has stirred reactions from Nigerians who advised the government over its failure to secure the Presidential villa. According …
Rice farmers under the umbrella of this Rice Processors Association of Nigeria (RIPAN), yesterday kicked against the directive by the Senate Committee on Ethics, Privileges and Public Petitions, to the Nigeria Customs Service (NCS) to reunite the smuggled goods it transports from rice traders’ shops in Ibadan, Oyo State. The team stated that the settlement of the committee was in …
The Economic and Financial Crimes Commission (EFCC) yesterday declared that the movement of capital by Non-Governmental Organisations (NGOs) operating in the North-east must be approved by it. The commission also sought the collaboration of the Nigerian Army to terminate terrorism in the North-east by halting terror financing and money laundering in the North-east. Some NGOs in the area have been …
The Chairman, Sports Writers Association of Nigeria, Lagos Chapter, Debo Oshundun, has called on the leadership of the Lagos State Sports Commission to deliver onboard members of the association about the reconstituted sports association boards in the nation. “As one of the essential stakeholders in sports development in the state, I wish to call on the direction of the commission …
The Chairman, Board of Commissioners of Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has said that the full deployment of 5G technology in the country would have a positive impact on Nigeria’s digital economy. He said: “Spectrum plays a crucial part in realising the complete extent of these new capabilities. Therefore, 5G’s complete socio-economic impact depends on access to a …
Additionally, it said it was prepared to commence the distribution of four million free electricity prepaid meters at the next phase of the free metre program. Minister of Power,” Mr. Mamman Saleh, told journalists at the end of the FEC meeting, presided over by President Muhammadu Buhari at the State House, Abuja, the jobs were to the Acquisition of equipment …
The Federal Government of Nigeria has declared its intent to set up the Fifth Generation (5G) Tech in the telecommunications sector shortly. Even though allaying anxieties of any threat to security and health within the installation of 5G, the authorities said the assets and earnings to be gained from its installation are so enormous that they can’t be ignored. The …
A couple of the critical aspects essential for the acceleration of agricultural growth are information and knowledge which can guarantee increased production coupled with efficient distribution and marketing practices. To this end, mobile technologies have proven their capability to assist farmers in total farming activities ranging from production to sales and beyond. Studies in countries such as Sri Lanka have …
Newly recruited 1,056 police constables have commenced training on community policing in Kwara State at the weekend. Governor AbdulRahman AbdulRazaq hailed President Muhammadu Buhari for the key to the concept, which he said would strengthen the internal security structure. AbdulRazaq said the kickoff of the initiative was long due and encouraged citizens to always volunteer timely info and encourage the …
Over the years, there was a rapid increase in the pace at which capital intensive and high risks projects of corporations and governments have been funded through the concept called Project funding. These projects require humongous amounts of funding to embark upon, coupled with the reality that they are filled with high risks. These risks might be in the kind …
The question about how to deal with the real impacts of the COVID-19 pandemic on Nigeria’s education system is a million-dollar and quite a difficult one to reply due to the severe damages that have been done to the education system in any way levels. The current curriculum may not be enough to repair the vast damages which have already …
Two opposing forces acting on the Nigerian government’s public finance have led to the present unfortunate, but the unavoidable situation. Revenues have fallen and continue to fall; on the opposite side of the finance equation, the authorities needs have increased or widened and continue to do so. This is a basic matter. The decrease in revenue and the increasing demand …
