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Senate Approves Buhari’s Request For Fresh $16.2bn, €1.02bn Loans

The Senate on Wednesday approved fresh $16.23 billion and €1bn loans requested by President Muhammadu Buhari. This was sequel to the presentation of the report of the Senate Committee on Local and Foreign Debts by the Chairman of the committee, Senator Clifford Ordia, during plenary. The loan request was approved by National Assembly on a…

Court Commits Abdulrasheed Maina To 8 Years Imprisonment

A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon Abang, in his judgment, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred against Maina beyond reasonable doubt in…

Report Harps On Why Nigerian Govt Should Reject CSR From Tobacco Industry

The Global Tobacco Industry Interference Index 2021 Report released by the Global Center for Good Governance in Tobacco Control (GGTC) has reinforced the call by Corporate Accountability and Public Participation Africa (CAPPA) for the Nigerian government to de-normalize so-called corporate socially responsible (CSR) activities of the tobacco industry. The Global interference index report was released…

Banks In Trouble As MTN, Airtel Get CBN’s Approval To Start Banking Business

Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in Nigeria. However, the approval is likely to come with dire consequences for financial institutions in the country, The New Diplomat has learnt. Checks by The New Diplomat revealed that the…

N219m Theft: Ex-Sterling Bank Manager Handed 8-year Jail Term

A former Branch Manager of the Sterling Bank Plc, Mr Anidiobi Chukwuka was handed an eight-year jail term on Tuesday for stealing and converting the sum of N219m to personal use. A trial judge, Justice Cyprian Ajah of the Enugu State High Court gave the ruling as he convicted Chukwuma of all the 32 counts…

COP26: Jeff Bezos Lauds Buhari’s Commitment To Climate Change

American billionaire and founder of Amazon, Jeff Bezos, has commended Nigerian President Muhammadu Buhari for his actions and commitment in restoring degraded lands in the country. Bezos met with Buhari alongside France President, Emmanuel Macron; Mauritanian President, Mohamed Ghazouani on the sideline of the ongoing the 26th Conference of Parties (COP26) to the United Nations Framework…

COP26: African CSOs List Demands To Regional Govts Attending Glasgow Summit

..As Over 700 Groups Reject Net Zero At COP26 Civil Society Organisations (CSOs) campaigning for climate justice in Africa have urged governments of Africa attending the ongoing COP26 in Glasgow to advance climate solutions that will build resilience of African communities with a view to demonstrate commitment for the continent’s fair share of global climate…

Ayade Proposes N170bn For Capital Spendings In C/River Inside 2022 Budget

Governor of Cross River State, Ben Ayade has presented a total sum of N276bn as budget estimates for 2022 to the State House of Assembly. Governor Ayade stated in the "Budget of Conjugated Agglutination" that N170 billion is for Capital Expenditure and N106 billion is for Recurrent Expenditure. Ayade, while presenting the budget, Friday, explained…

Early Setback For eNaira As Google Play Store Removes App Over Complaints

Less than two days after its launch by the Central Bank of Nigeria (CBN), the eNaira application has been removed from Google Play Store after series of complaints by users. The digital currency has two applications, which are eNaira speed wallet and eNaira merchant wallet. They were rolled out on the Google play store and…

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Senate Approves Buhari’s Request For Fresh $16.2bn, €1.02bn Loans

The Senate on Wednesday approved fresh $16.23 billion and €1bn loans requested by President Muhammadu Buhari. This was sequel to the presentation of the report of the Senate Committee on Local and Foreign Debts by the Chairman of the committee, Senator Clifford Ordia, during plenary. The loan request was approved by National Assembly on a…

Court Commits Abdulrasheed Maina To 8 Years Imprisonment

A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon Abang, in his judgment, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred against Maina beyond reasonable doubt in…

Report Harps On Why Nigerian Govt Should Reject CSR From Tobacco Industry

The Global Tobacco Industry Interference Index 2021 Report released by the Global Center for Good Governance in Tobacco Control (GGTC) has reinforced the call by Corporate Accountability and Public Participation Africa (CAPPA) for the Nigerian government to de-normalize so-called corporate socially responsible (CSR) activities of the tobacco industry. The Global interference index report was released…

Banks In Trouble As MTN, Airtel Get CBN’s Approval To Start Banking Business

Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in Nigeria. However, the approval is likely to come with dire consequences for financial institutions in the country, The New Diplomat has learnt. Checks by The New Diplomat revealed that the…

N219m Theft: Ex-Sterling Bank Manager Handed 8-year Jail Term

A former Branch Manager of the Sterling Bank Plc, Mr Anidiobi Chukwuka was handed an eight-year jail term on Tuesday for stealing and converting the sum of N219m to personal use. A trial judge, Justice Cyprian Ajah of the Enugu State High Court gave the ruling as he convicted Chukwuma of all the 32 counts…

COP26: Jeff Bezos Lauds Buhari’s Commitment To Climate Change

American billionaire and founder of Amazon, Jeff Bezos, has commended Nigerian President Muhammadu Buhari for his actions and commitment in restoring degraded lands in the country. Bezos met with Buhari alongside France President, Emmanuel Macron; Mauritanian President, Mohamed Ghazouani on the sideline of the ongoing the 26th Conference of Parties (COP26) to the United Nations Framework…

COP26: African CSOs List Demands To Regional Govts Attending Glasgow Summit

..As Over 700 Groups Reject Net Zero At COP26 Civil Society Organisations (CSOs) campaigning for climate justice in Africa have urged governments of Africa attending the ongoing COP26 in Glasgow to advance climate solutions that will build resilience of African communities with a view to demonstrate commitment for the continent’s fair share of global climate…

Ayade Proposes N170bn For Capital Spendings In C/River Inside 2022 Budget

Governor of Cross River State, Ben Ayade has presented a total sum of N276bn as budget estimates for 2022 to the State House of Assembly. Governor Ayade stated in the "Budget of Conjugated Agglutination" that N170 billion is for Capital Expenditure and N106 billion is for Recurrent Expenditure. Ayade, while presenting the budget, Friday, explained…

Early Setback For eNaira As Google Play Store Removes App Over Complaints

Less than two days after its launch by the Central Bank of Nigeria (CBN), the eNaira application has been removed from Google Play Store after series of complaints by users. The digital currency has two applications, which are eNaira speed wallet and eNaira merchant wallet. They were rolled out on the Google play store and…

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