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FG disburses N20bn under national microfinance scheme

FG disburses N20bn under national microfinance scheme

The Central Bank of Nigeria has disbursed N20bn to 7,000 beneficiaries through the National Microfinance Bank across the country. A statement from the Senior Special Assistant to the President on Media & Publicity, Office of the Vice -President, Laolu Akande, ...

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El-Rufai to present memo to northern govs on Almajiri

El-Rufai to present memo to northern govs on Almajiri

The Commissioner for Human Services and Social Development in Kaduna State, Hajiya Hafsat Baba, on Wednesday said  Governor Nasir El-Rufai would  present  a memo on Almajiri  to his northern counterparts. Baba said the memo to the 19 northern state governors contained ...

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Terrorists attack Chibok again, abduct civilian JTF leader, others

Terrorists attack Chibok again, abduct civilian JTF leader, others

The  Islamic State of West Africa Province on Wednesday attacked Bambula community in the Chibok Local Government Area of Borno State. During the early morning raid, the insurgents reportedly abducted the head of the Civilian Joint Task Force in the ...

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Forget Igbo Presidency in 2023, MASSOB tells South-East

Forget Igbo Presidency in 2023, MASSOB tells South-East

The Movement for the Actualisation of the Sovereign State of Biafra has told  the South-East  people not to contest the  2023 presidential poll. MASSOB said it would be difficult for any Igboman or woman to win the election. Speaking on ...

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Cowry Weekly Financial Market Review Outlook Friday, February 14, 2020

CWR, Cowry Weekly Financial Market Review Outlook Friday, February 14, 2020

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N128bn lost to gas flaring in 11 months — NNPC

NNPC increases June selling prices of crude oil

Oil and gas firms operating in the country flared a total of 225.81 billion standard cubic feet of natural gas from January to November 2019. This amounted to an estimated loss of N127.53bn. Data obtained by our correspondent from the ...

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NLC set to oppose increase in electricity tariff

NLC set to oppose increase in electricity tariff

The President of the Nigeria Labour Congress, Ayuba Wabba, has disclosed that the union would oppose the proposed increase in electricity tariff during its upcoming meeting with the Nigerian Electricity Regulatory Commission in Kano. Wabba made this known to journalists ...

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Nigeria records five years of zero air accident

Nigeria records five years of zero air accident

Nigeria has recorded its fifth consecutive year of zero fatal air accident in the commercial category, the Nigerian Civil Aviation Authority has said. The Director-General, NCAA, Capt. Nuhu Musa, told journalists that the feat had been achieved through the collective ...

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How Buhari regime depleted ECA by N1.5tn

Buhari stops import duty on medical equipment

Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account, statistics obtained from the Ministry of Finance have revealed. The ECA, which was created by former President Olusegun Obasanjo in 2004 for the purpose ...

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CBN warns banks against misleading customers on domiciliary account

Foreign reserves gained $2.7bn in one month –CBN

The Central Bank of Nigeria has cautioned Deposit Money Banks against misleading their customers on transactions carried out through domiciliary accounts in the country. The apex bank gave the warning in a letter dated February 24, 2020 and posted on ...

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Apapa gridlock: Agents reject movement of containers in barges

Apapa gridlock: Agents reject movement of containers in barges

Freight forwarders in the country have said movement of containers to bonded terminals, also used as container holding bays, by shipping companies in Nigeria is not practicable. The system was proposed to aid decongestion of Apapa by encouraging agents to ...

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NERC puts limits on Discos’ estimated billing

NERC puts limits on Discos’ estimated billing

The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers. It said it had cancelled the Estimated Billing Methodology Regulation as a basis for computing the consumption of ...

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Oil marketer jailed 10 years over N30m fraud

Oil marketer jailed 10 years over N30m fraud

A Lagos State High Court in Igbosere on Monday convicted an oil marketer, Jideofor Akpa, and his company, International Maritime and Shipping Limited, over a fraud of N30m. Justice Kudirat Jose, in a judgment on Monday, sentenced Akpa to a ...

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Two Customs men die in Akwa Ibom crash chasing smugglers

Two Customs men die in Akwa Ibom crash chasing smugglers

Two men of the Nigeria Customs Service attached to the Oron Local Government Area of Akwa Ibom State, reportedly died in an auto crash on Sunday while pursuing a bus suspected to be carrying smuggled rice. Two other customs officers ...

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Army, family jostle for $376,120 linked to General

Army, family jostle for $376,120 linked to General

The Nigerian Army and the family of Major General Hakeem Otiki on Monday appeared before the Federal High Court in Abuja claiming the sum of $376,120 seized by the Economic and Financial Crimes Commission last year. The money was said ...

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APC fumes as PDP demands review of Buhari Supreme Court victory

APC fumes as PDP demands review of Buhari Supreme Court victory

The Peoples Democratic Party on Monday asked the Supreme Court to review its judgment, which upheld the victory of the President, Major General Muhammadu Buhari (retd.), in the 2019 presidential election and dismissed the appeal of the PDP candidate, Alhaji ...

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Nigeria Domesticated UNCLOS, SUA Convention With SPOMO Act – Ladan

Nigeria Domesticated UNCLOS, SUA Convention With SPOMO Act - Ladan

Prof. laden By Kenneth Jukpor Prof. Muhammed Ladan is the Director General, Nigerian Institute of Advanced Legal Studies (NIALS). At the 9th edition the Admiralty Law Seminar for Judges organized by NIALS in collaboration with the Nigerian Maritime Administation and ...

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BULLS: HBD! Madam Ify!

BULLS: HBD! Madam Ify!

Mrs. Ifeoma Iloh is the Assistant General Manager (AGM) at Kings Communications Limited, publishers of MMS Plus newspaper. Ifeoma means a good thing and indeed your unflinching support to the growth and stability of the company proves that you’re a ...

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Neymar sent off as PSG beat Bordeaux in seven-goal thriller

Neymar sent off as PSG beat Bordeaux in seven-goal thriller

Edinson Cavani scored his 200th Paris Saint-Germain goal and Marquinhos netted twice as the Ligue 1 leaders bounced back from their Champions League defeat by Borussia Dortmund to beat Bordeaux 4-3 on Sunday, but their victory was marred by Neymar’s ...

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Wilder lands in hospital after defeat to Fury

Wilder lands in hospital after defeat to Fury

Deontay Wilder did not attend his post-fight press conference after being taken straight to hospital after his world title defeat to Tyson Fury. ‘The Bronze Bomber’ suffered the first defeat of his professional career as Fury won the WBC heavyweight ...

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