The Federal Government has declared Tuesday July 20 and Wednesday July 21, 2021, as public holidays to mark this year’s Eid-el-Kabir celebration. The Minister of Interior, Ogbeni Rauf Aregbesola, who made the declaration on behalf of the Federal Government, congratulates all Muslim faithful and Nigerians at home and in the Diaspora on this occasion. “I…
The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 (USD) and €490,000,000 (Euros) under the 2018-2020 External Borrowing (Rolling) Plan. The approval followed the consideration of a report on the 2018-2020 External Borrowing (Rolling) Plan by the Committee on Local and Foreign Debt. Chairman of the…
The Economic and Financial Crimes commission, EFCC, on Wednesday, July 14, 2021, launched an App, Eagle Eye, designed to ease the process of reporting economic and financial crimes in Nigeria. Speaking during the launch, the Executive Chairman of the Commission, Abdulrasheed Bawa, described the App, being the first of its kind by any law enforcement…
As the excitement of the Bigi drinks’ sponsored Nigerian Idol, still lingers, Rite Foods is proud to announce its sponsorship of the Ijebu Heritage Half Marathon which will be held on July 17. The event, which is a 21-kilometer race, will start from the newly constructed Epe-Ijebu road and will end at the Otunba Dipo…
Rural businesses, which are so vital for transforming our food systems, will get a much needed boost from an ambitious new financing programme launched today by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries. The Private Sector…
The Senate has faulted the Nigerian National Petroleum Corporation for under remitting the sum of N3,878,955,039,855.73 trillion revenue from domestic crude oil sales to the Federation Account for the period of January to December, 2015. Accordingly, the upper chamber called on the Corporation to desist from further deduction at source as this contravenes Section 162(1)…
By Adewole Kehinde The Nigerian National Petroleum Corporation (NNPC) was established on April 1, 1977. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over…
Organizers of the Hollywood and African Prestigious Awards (HAPAwards), recently celebrated a renowned socialite, businesswoman and philanthropist – Dr. (Mrs.) Toyin Kolade on her birthday. The African Representative of HAPAwards, Adeola Odunowo led other team members to surprise the Managing Director of Fisolak Global Resources at her palatial home in Lagos. According to Odunowo, the…
Aiming to strengthen its long-term competitiveness and growth prospects, Guaranty Trust Bank plc has completed its re-organisation to a Holding Company Structure. Under the terms of the re-organisation, a new operating company has been established and amendments made to the articles of incorporation for a corporate name change. The corporate name of Guaranty Trust Holding…
The President of the Nigerian Senate, Dr. Ahmad Ibrahim Lawan, has kicked against what he described as the ‘calculated blackmail’ against the leadership of the National Assembly over the Electoral Act (Amendment) Bill 2021, presently before both chambers. The senate leader advised Nigerians to lobby lawmakers on any aspect of the bill they feel strongly…