Banking Business

We gave out N70bn credit to MSMEs in 2 years – DBN Chairman

Ihesiulo Grace 30 July 2019 0

Motolani Oseni The Development Bank of Nigeria (DBN) Monday disclosed that it has given out N70 billion as loans to over 50,000 Micro, Small and Medium Enterprises (MSMEs) within two years. The Chairman of the bank, Dr. Shehu Yahaya said this at the maiden series of the bank with the theme:

Business Money Money

Forex: Naira gains marginally at official, parallel markets

Ihesiulo Grace 23 July 2019 0

…As traders eagerly awaiting outcome of MPC meeting today Motolani Oseni The Nigerian currency, Naira at the close of yesterday trading activities strengthened against the US Dollar at both the official and unofficial foreign exchange markets. This is even as activities at the market on Monday remained slow, due to the anticipation of the likely […]

Business Health News

EU claims it spends €50m to fight illicit drug trafficking

Ihesiulo Grace 19 July 2019 0

The European Union claims it has contributed 50 million Euros to the fight against drug use and illicit drug trafficking in West Africa. The Head of Cooperation of the European Union Delegation to ECOWAS, Kurt Cornelis stated this in an interview with journalists at the launch of the 2014-2017 West African report on drugs in […]

Crime Law News

Rape Saga: CAN leaders deny supporting Pastor Fatoyinbo

Ihesiulo Grace 17 July 2019 0

…PFN constitutes panel to probe rape scandal Andrew Orolua – Abuja The Pentecostal Fellowship of Nigeria (PFN) has set up a three-man panel to investigate the rape allegation against Pastor Biodun Fatoyinbo of Commonwealth of Zion Assembly (COZA) by Mrs Busola Dakolo. A source knowledgeable about the development told the Daily Times that the investigating […]

Football Politics Sports

CAVE advocates non-violence election through football

Ihesiulo Grace 10 July 2019 0

Ukpono Ukpong – Abuja In a bid to raise the awareness for a peaceful electoral process in Nigeria, a non-governmental organisation, Campaign Against Violence Election (CAVE), has taken its advocacy program to the youths on the pitch in the Federal Capital Territory (FCT). The CAVE National Coordinator, Stephen Ushie while addressing the Journalist after a […]

Business

IGR in 36 states, FCT grew by 46.1% to N1.1trn in 2018, says Fowler

Ihesiulo Grace 2 July 2019 0

Motolani Oseni The Chairman, Joint Tax Board (JTB), Mr. Tunde Fowler, on Monday, said that the Internally Generated Revenue (IGR) of the 36 states and FCT grew by more than 46.1 per cent to N1.16 trillion in 2018. Fowler made this known at the Go-Live Ceremony for the New National Tax Identification Number (TIN) Registration […]

Entertainment gist Social Media

Five thousand Stylenesthair customers set to win special gifts cards

Ihesiulo Grace 29 June 2019 0

Mutiat Alli – Lagos Stylenest International, the largest human hair extension marketing company in Nigeria in furtherance of its effort at promoting beauty in Nigeria and African continent has announced plans of offering special gift cards and other mouth-watering prizes to over 5,000 customers nationwide. Announcing the offer, the Chief Executive Officer, Stylenest

Entertainment

Eat Drink Festival to hold in Abuja

Ihesiulo Grace 25 May 2019

Mutiat Alli – Lagos Ahead of its sixth edition, organisers of Nigeria’s premier food and drink festival, ”Eat Drink Festival” have revealed that this year’s edition of the festival will hold for the first time in Abuja having successfully executed five editions in Lagos. Aimed at promoting and growing the small scale businesses, the co-founder […]

Business

FAAC: FG, States, LGs share N616.198bn in April

Ihesiulo Grace 22 May 2019

Joseph Inokotong – Abuja The Federation Accounts Allocation Committee (FAAC) Tuesday shared a total sum of N616.198 billion among the Federal, States and Local Governments for the month of April. The communiqué issued by the Technical sub-Committee of FAAC and signed by the Ag. Accountant-General of the Federation, Mr M. K Usman at the end […]

Business

How ICT contributed $10m to Nigeria’s economy in one year

Ihesiulo Grace 21 May 2019

Temitope Adebayo The Minister of Communication, Barrister Adebayo Shittu has said that not less than a whopping $10 million was contributed to the nation’s economy in 2018 alone through the Information Communication Technology (ICT). Shittu who disclosed this on Monday at the Valedictory Press Conference described this as an unprecedented achievement in the history of […]

Entertainment

Kayode Ajulo Comes Under Pressure as Ondo Guber Election Draw Near

Ihesiulo Grace 18 May 2019

Isaac Oguntoye – Lagos Call light skinned and cute looking cerebral legal practitioner, Dr. Kayode Ajulo a child of destiny and you will sure not be mistaking as its evident his life has been so tailored. Growing under the care of a father who ran a bookshop and a seamstress mother, little Kayode was exposed […]

Business

FG partners Standard Bank, Stanbic IBTC to fund mining

Ihesiulo Grace 17 May 2019

Joseph Inokotong – Abuja As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in contributing to national economic growth, the Minister of State for Mines and Steel Development, Abubakar Bawa Bwari has said that government will continue to collaborate with International financial […]

News

NFF: Christian Chukwu arrives London for medical treatment

Ihesiulo Grace 17 May 2019

The Nigeria Football Federation on Thursday in Abuja said Christian Chukwu, a former captain of the old Green Eagles, has arrived in the UK for medical treatment. Ademola Olajire, NFF’s Director of Communications, said in a statement that the former Super Eagles Chief Coach arrived in London in company of his wife, Lilian Nkeiruka. He […]

Business

CODE tracks N1.2bn budgeted for rural communities projects

Ihesiulo Grace 15 May 2019

Ukpono Ukpong – Abuja Disturbed by the anomaly where grassroots communities in Nigeria are constantly deprived of access to basic human needs like health care, water, education, Connected Development (CODE), through its homegrown social accountability initiative, ‘Follow The Money’ have tracked an estimate of NGN 1,289,579,737 ($3.6m) budgeted for projects in 69

Business

HFN ready for Prudent Energy Handball Premier League, Ocheho says

Ihesiulo Grace 10 May 2019

The Handball Federation of Nigeria (HFN) on Thursday said all arrangements had been concluded for the first phase of the 2019 Prudent Energy Handball Premier League to begin on Monday. The HFN President, Samuel Ocheho, in a statement by his Media Assistant, Chukwuemeka Akisi, said the competition scheduled for Abuja was expected to end on […]

Business

Amaechi charges new NRC board over development of rail sector

Ihesiulo Grace 3 May 2019

Temitope Adebayo The Minister of Transportation, Rotimi Amaechi has admonished the newly inaugurated Board members of the Nigerian Railway Corporation (NRC), not to differ from the policies of the previous Board led by Engr. Usman Sandamu, in order to accelerate development rail sector. While inaugurating the new Board in Abuja on Thursday, the Minister said […]

Business

FEC okays N1.4bn for consultancy service

Ihesiulo Grace 26 April 2019

Mathew Dadiya, Abuja The Federal Government on Thursday approved the sum of N1, 410, 207.104 billion for consultancy services in two ministries. The approvals made during the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo at the Council Chamber of the State House, Abuja; were contained in four different memos presented […]

Business

InfraCos: Why N3bn subsidy is not enough

Ihesiulo Grace 16 April 2019

Ladesope Ladelokun In a bid to boost broadband penetration and reduce the high cost of broadband bandwidth, Nigeria, in 2015, saw the need to license Infrastructure Companies (InfraCos) to provide broadband infrastructure across the length and breadth of the country. To demonstrate its commitment, the Nigerian Communications Commission (NCC) licensed the first set of

Business

Easter Promo: EcobankPay offers special discount to shoppers

Ihesiulo Grace 16 April 2019

Ecobank Nigeria Limited has announced a special discount for shoppers using the EcobankPay option to pay for their goods and services during the Easter holidays and will run to the end of April 2019. EcobankPay is a digital QR code/ Unstructured Supplementary Service Data (USSD) that enables payments using the mobile phone, without the need […]

Business

FG will create environment for productive investment in infrastructure -Osinbajo

Ihesiulo Grace 9 April 2019

…Says public revenues theft, others account for Nigeria’s economic dilemma Esther Taiwo The Vice President of Nigeria, Prof Yemi Osinbajo says the Federal Government remains committed to creating an environment for productive investment in hard and soft infrastructures. Osinbajo says the economic recovery plan of the Federal Government will in the coming years