By Esther Ososanya Jaiz Bank Plc, Nigeria’s pioneer non-interest (Islamic) bank, has unveiled a new corporate identity. The event, held on Tuesday at the bank’s Corporate Head Office in Abuja, marked what the bank described as a “defining milestone” in its 14-year journey of ethical banking. Managing Director and Chief Executive Officer, Dr. Haruna Musa, …
By Esthere Ososanya The Indigenous Contractors Association of Nigeria (AICAN) has accused the Federal Government of misrepresenting facts on outstanding liabilities and warned that prolonged payment delays are pushing its members into severe financial distress. The association said hundreds of contractors now risk losing properties and equipment to banks, microfinance institutions, and private lenders after …
By Esther Ososanya The Nigerian Communications Commission (NCC) on Tuesday announced that it will now prioritize transparency and public disclosure of operators’ performance as its primary regulatory tool. Executive Vice Chairman of the Commission, Dr. Aminu Maida, said in Abuja that punitive measures such as license suspensions, financial sanctions, and service withdrawals once effective in …
By Esther Ososanya The National Drug Law Enforcement Agency (NDLEA) has sent two major drug traffickers to prison in Lagos, striking another blow against narcotics cartels. Justice Deinde Dipeolu of the Federal High Court in Lagos convicted 37-year-old Ajetsibo Emami and 51-year-old Solomon Akpomuai in separate rulings. Both men received prison terms with options of …
By Esther Ososanya The Federal Capital Territory Administration (FCTA) City Sanitation Taskforce has demolished a notorious criminal hideout in Abuja’s Apo Resettlement area. The demolition is part of ongoing efforts to clear “dark spots” across the city. Officials revealed that the location had long served as a base for suspected armed robbers, drug dealers, and …
By Esther Ososanya The federal government has bowed to pressure from organised labour by addressing two major demands of the Nigerian Labour Congress (NLC), barely days after the union threatened to shut down the economy with a nationwide strike. At the centre of the dispute was the controversial deduction of workers’ contributions from the Nigeria …
The Federal Government (FG), through the Presidential Compressed Natural Gas Initiative (PCNGi), has donated four 50-seater hybrid buses to the Federal Capital Territory Administration (FCTA). FCT Minister Nyesom Wike received the handover on Thursday in Abuja. Presenting the vehicles, PCNGi Chief Executive Officer and Program Director Michael Oluwagbemi said the donation reflects President Bola Ahmed …
By Rafiyat Sadiq The federal government has imposed a seven-year ban on the creation of new federal universities, polytechnics, and colleges of education, even as it approved nine new private universities. The decision was reached at Wednesday’s Federal Executive Council (FEC) meeting chaired by President Bola Tinubu at the Presidential Villa, Abuja. Minister of Education …
By Esther Ososanya Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared the country “open for business” and ready to welcome global and domestic investors, citing a combination of improved macroeconomic indicators, fiscal reforms, and targeted policy measures under President Bola Ahmed Tinubu’s administration. The declaration, made during a press …
By Esther Ososanya The United States has approved a $346 million sale of bombs, rockets, and precision-guided weapons to Nigeria. The move aims to strengthen the West African nation’s fight against rising terrorist violence. The U.S. State Department said in a statement on Wednesday that the deal would “support the foreign policy goals of …
