Category: News

FirstBank empowers its Firstmonie agents with up to N1m  

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In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents – Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities – up to one million naira – to its banking agents. The Bank currently has over 86,300 Firstmonie Agents, spread across the country’s 772 Local Government Areas. With its location in every neighbourhood, Firstmonie Agents have been integral to filling the financial exclusion gap, providing convenient banking services that are easily accessible,…

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NLC chairman abducted by gunmen in Taraba

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News filtering out from Taraba State has it that the state Chairman of Nigeria Labour Congress, Peter Jediel has been kidnapped. He was said to have been picked at his home in Sunkani, headquarters of ArdoKola Local Government Area of the state. Younger brother of the Labour Chairman said that Jediel’s abductors stormed the house around 12.30 am Sunday morning. He explained that the gunmen shot sporadically to instill fear before whisking him away. He also confirmed that the kidnappers are yet to establish contact with the family. Share on:…

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Covid-19: NCDC records 1,588 new cases

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1,588 new cases of COVID-19 has been recorded by the Nigeria Centre for Disease Control, bringing the total number of infections in the country to 139,242. The NCDC disclosed this on its official Twitter handle on Saturday. It was reported that since the pandemic emerged in the country, the number of tests conducted has increased while testing and reporting techniques have improved, leading to a rise in reported cases. However, the number of diagnosed cases is only a part of the real total number of infections as a significant number of…

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Thugs take over Nana Hotel, Ota

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Strange looking men welding machetes and other dangerous weapons, forcibly ejected Mr Wale Seriki, consultant to Nana Hotel from the premises of the hotel on Wednesday as he reported for duty on the morning of Wednesday 3rd February 2021. Led by Mr Wasiu Adejare, one of the children of the deceased owner, they threatened to kill him whenever he is sighted in and around the hotel. This action according to Mr Seriki is against the existence of a quit notice served on the consultant by attorneys to the landlords and…

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FBN Holdings Plc annnounces new board appointments

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FBN Holdings PLC (FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking on the appointments, the Group Chairman of FBN Holdings Plc, Dr. Oba Otudeko, CFR, said, “On behalf of the board, management and staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu, Mrs. Juliet Anammah and…

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Government to phase out yellow buses in Lagos

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In accordance with its transportation masterplan of the state, the Lagos State Government says it plans to phase out yellow buses. Commissioner for Transportation, Dr Frederic Oladeinde, said this in a virtual forum on Thursday, adding that the busses would be replaced by blue buses. The virtual forum was titled ‘Transport and traffic conference’. He said, “We are reforming the bus sector and over time, Lagos will phase out the yellow buses because the yellow buses are not conducive for a mega city like Lagos. That is why we are…

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Nigerian Breweries depot sealed over N169 million tax liabilities

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The High Court sitting in Akure, Ondo State yesterday, ordered that the Nigerian Breweries (NB) Plc depot in Akure be sealed off pending the settlement of their tax liabilities to the state government. Justice William Akinrotoye also granted the cross-petition of the state government for the recovery of N169.175 million from the company, being the haulage fees it owed for the period 2017 to 2019. Consequent upon series of arguments from both the petitioner and the respondents’ counsel, Justice Akinrotoye ruled in favour of the state government, dismissing the petition…

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Chinese expatriates abducted by labourers in Osun

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Some labourers hired by three Chinese miners have been reportedly abducted on a mining site located at Akere Village near Ifewara, Osun State. Before the men were abducted, it was gathered that a policeman attached to the expatriates was killed. The abduction, it was learnt, occurred following a disagreement between the expatriates and the labourers, said to be mainly northerners, hired to work on the site. The details of what led to the disagreement was however unknown at the moment. A resident of Ifewara town, Gboyega Emmanuel, said that the incident…

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US based Nigerian on vacation killed after kidnappers recieved N10m ransom

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Prince Eloniyo Dennis Abuda, a Nigerian based in the United States of America, was kidnapped on Saturday, January 30, 2021 along the Benin-Akure road on his way to Lagos from Fugar, Etsako Central Local Government Area of Edo State. Later, the decomposing body of Prince Abuda was found on Tuesday near the small town of Agbanikaka, Ovia North East Local Government Area of the state. Prince Abuda who was based in Atlanta, Georgia, United States was kidnapped near Agbanikaka with some of his family members including a woman who was…

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15 to 20 million Nigerians to become poor soon – World Bank

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The World Bank and the Chairman of the Presidential Economic Advisory Council, Dr Doyin Salami, have said Nigeria needs to implement key reforms in order to get the economy out of the current doldrums and achieve sustainable inclusive growth. They said this on Tuesday at the virtual launch of the 2021 Macroeconomic Outlook of the Nigerian Economic Summit Group, a private sector-led think-tank. At the forum, the World Bank said its estimates show that between 15 million and 20 million Nigerians will join the poverty rank by 2022. World Bank…

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