Tough days are ahead of Nigerian insurers that cut corners with the regulations and guidelines of the National Insurance Commission (NAICOM). The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede gave the warning in Abuja on Wednesday when a delegation of the management team of National Insurance Commission, NICOM, led…
Nigeria is pursuing a $5 billion trade facility from Saudi Arabia as part of a broader strategy to strengthen bilateral ties and support its ambitious economic reform agenda. This development comes after President Bola Tinubu met with Crown Prince Mohammed bin Salman in Riyadh, on the sidelines of the joint Arab-Islamic Summit, Bloomberg reports. The…
The Nigeria Customs Service (NCS) has reached a major financial milestone, reporting NGN 5.7 trillion in revenue collections as of Tuesday, November 12, 2024. Comptroller-General of Customs Adewale Adeniyi disclosed this achievement during the 2024 Comptroller-General of Customs Conference in Abuja on Wednesday. The conference, themed “Nigeria Customs Service: Engaging Traditional and New Partners with…
Archbishop Justin Welby on Tuesday has acknowledged that a decades-old abuse allegation involving a volunteer at Christian summer camps was mishandled, admitting that proper investigations were not conducted under his oversight. His resignation followed immense pressure to step down. The controversy surrounds his handling of reports about a prolific child abuser within the Church of…
Kano state Governor Alhaji Abba Kabir Yusuf will on saturday will be giving out Dr. Aisha Rabiu Musa Kwankwaso’s hands in marriage to Engr. Fahad Dahiru Mangal in a blissful marital conjugal. Dr. Aisha, the last daughter of Sen. Rabiu Musa Kwankwaso, the 2023 presidential candidate of the New Nigerian Peoples Party (NNPP) is set…
Senator Monday Okphebholo has been officially sworn in as the Governor of Edo State, along with Dennis Idahosa, who took the oath as the Deputy Governor. The ceremony took place on Tuesday at the Samuel Ogbemudia Stadium in Benin City, the state capital, two months after the All Progressives Congress (APC) clinched the ticket to…
….Says, NNPC to Launch 12 CNG Stations Soon.….Insists Company Not Sabotaging Domestic Refineries. Group CEO of NNPC Ltd., Mele Kyari has reiterated the company’s commitment to resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable growth and energy affordability. Kyari disclosed this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE)…
A powerful explosion shook the city of Jos on Tuesday morning, sending shockwaves through surrounding communities. According to eyewitness report, the blast occurred around 10:30 am near the densely populated Terminus market area. Initial reports from PUNCH, indicate that several people were injured in the blast, with some sources suggesting there may have been fatalities….
The Economic and Financial Crimes Commission (EFCC) has summoned Ibrahim Mohammad, a Nigerien national, along with his family members and other wedding guests, over alleged naira abuse at his recent wedding to Amina Babagana Zannah in Kano. This action follows the circulation of a viral video showing individuals spraying naira notes at the event, sparking…
BUA Industries Limited has secured a significant financial boost for its expansion, as the African Export-Import Bank approved a $200 million corporate finance facility to support the company’s growth plans. The first tranche of $150 million was disbursed on 16 October 2024. Speaking on the partnership in a statement made available to our correspondent on…
