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The Assets Management Corporation of Nigeria (AMCON), has announced its decision to take over control of Ibadan Electricity Distribution Company (IBEDC) Limited. The development was disclosed in a memo issued by IBEDC's Chief Operating Officer, John Ayodele, and dated January 20, 2022. In the memo, AMCON triggered a takeover following a court ruling obtained on September…
January 21, 2022
The Supreme Court has backtracked on its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex court set aside the ruling, while delivering a judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it…
January 17, 2022
President Muhammadu Buhari, on Friday signed the 2022 Appropriation Bill of N17.126 trillion into law. The President assented to the bill at an event which held at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT) on new year's eve. Speaking at the event attended by Senate President Ahmed Lawan, Speaker…
December 31, 2021
Former President Olusegun Obasanjo has faulted the reaction of leader of the Pan Niger Delta Forum (PANDEF) and Chairman of the Board of Trustees, Ijaw National Congress (IJC), Chief Edwin Clark, insisting that oil found in the Niger Delta region belongs to Nigeria constitutionally as the fiery exchange between the two elder statesmen continued on…
December 28, 2021
Governor Dapo Abiodun of Ogun state has promised that his administration is committed to making the state an oil producing state. The governor said despite the fact that the state lost a $16 billion Dangote refinery to Lagos state, there are still a lot of ways to take advantage of the rich oil deposit in…
December 28, 2021
The Nigerians in Diaspora Organisation, Europe (NIDOE), Italy Chapter, says it is planning to build a multi-million dollar ‘Diaspora Village’ in Nigeria as part of efforts to encourage Foreign Direct Investment (FDI) into the country. The Chairman of the chapter, Mr George Omo-Iduhon made this known in an interview with the News Agency of Nigeria…
December 27, 2021
Union Bank Nigeria Plc, on Thursday announced that it has reached an agreement to sell a majority stake to Titan Trust Bank Ltd. Titan Trust Bank chaired by former Deputy Governor of the CBN and Chairman of Flutterwave, Mr Tunde Lemo, reached an agreement with Union Bank for the acquisition of a 89.4 per cent…
December 23, 2021
President Muhammadu Buhari has inaugurated Nigeria’s National Development Plan 2021-2025 to succeed the Economic Recovery and Growth Plan (ERGP 2017-2020). Buhari presented the document to the public before the commencement of the Federal Executive Council meeting. The virtual meeting, on Wednesday, held at the Council Chambers of the Presidential Villa, Abuja. While presenting the document,…
December 23, 2021
The Federal Government has introduced a suite of digital Tokens to replace the aging NIN slip and polycarbonate card. The Minister of Communications and Digital Economy, Isa Pantami said this at stakeholders workshop on the National Identification Number (NIN) Tokenization Solution organised by National Identity Management Commission (NIMC) in Abuja. He said government adopted the…
December 22, 2021
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The Assets Management Corporation of Nigeria (AMCON), has announced its decision to take over control of Ibadan Electricity Distribution Company (IBEDC) Limited. The development was disclosed in a memo issued by IBEDC's Chief Operating Officer, John Ayodele, and dated January 20, 2022. In the memo, AMCON triggered a takeover following a court ruling obtained on September…
January 21, 2022
The Supreme Court has backtracked on its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex court set aside the ruling, while delivering a judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it…
January 17, 2022
President Muhammadu Buhari, on Friday signed the 2022 Appropriation Bill of N17.126 trillion into law. The President assented to the bill at an event which held at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT) on new year's eve. Speaking at the event attended by Senate President Ahmed Lawan, Speaker…
December 31, 2021
Former President Olusegun Obasanjo has faulted the reaction of leader of the Pan Niger Delta Forum (PANDEF) and Chairman of the Board of Trustees, Ijaw National Congress (IJC), Chief Edwin Clark, insisting that oil found in the Niger Delta region belongs to Nigeria constitutionally as the fiery exchange between the two elder statesmen continued on…
December 28, 2021
Governor Dapo Abiodun of Ogun state has promised that his administration is committed to making the state an oil producing state. The governor said despite the fact that the state lost a $16 billion Dangote refinery to Lagos state, there are still a lot of ways to take advantage of the rich oil deposit in…
December 28, 2021
The Nigerians in Diaspora Organisation, Europe (NIDOE), Italy Chapter, says it is planning to build a multi-million dollar ‘Diaspora Village’ in Nigeria as part of efforts to encourage Foreign Direct Investment (FDI) into the country. The Chairman of the chapter, Mr George Omo-Iduhon made this known in an interview with the News Agency of Nigeria…
December 27, 2021
Union Bank Nigeria Plc, on Thursday announced that it has reached an agreement to sell a majority stake to Titan Trust Bank Ltd. Titan Trust Bank chaired by former Deputy Governor of the CBN and Chairman of Flutterwave, Mr Tunde Lemo, reached an agreement with Union Bank for the acquisition of a 89.4 per cent…
December 23, 2021
President Muhammadu Buhari has inaugurated Nigeria’s National Development Plan 2021-2025 to succeed the Economic Recovery and Growth Plan (ERGP 2017-2020). Buhari presented the document to the public before the commencement of the Federal Executive Council meeting. The virtual meeting, on Wednesday, held at the Council Chambers of the Presidential Villa, Abuja. While presenting the document,…
December 23, 2021
The Federal Government has introduced a suite of digital Tokens to replace the aging NIN slip and polycarbonate card. The Minister of Communications and Digital Economy, Isa Pantami said this at stakeholders workshop on the National Identification Number (NIN) Tokenization Solution organised by National Identity Management Commission (NIMC) in Abuja. He said government adopted the…
December 22, 2021
