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FG to mobilise N2.5bn investment for YouWin SMEs

The Federal Government on Thursday said it would mobilise the sum of N2.5bn annually as equity investment through qualified fund managers for Small and Medium Enterprises under the Youth With Innovation Entrepreneurship programme. The development was confirmed in a statement by the Ministry of Finance and signed by the Director of Information in the ministry, Mr. Salisu Dambatta. The YouWin ... Read More »

Recall: Melaye In Panick Mode, sues INEC

Senator Dino Melaye on Friday sued the Independent National Electoral Commission, seeking an order restraining the electoral body from conducting any referendum aimed at recalling him. The INEC had in a statement on Thursday said it had formally informed Melaye of petitions filed by its constituents to recall him and fixed July 3 to begin the recall process. But, Melaye ... Read More »

Forex: CBN Boosts Supply with $240m to Retail SMIS

  In the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the Federal Government to commemorate the Eid-el-Fitr, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals. The Bank, ... Read More »

EFCC arraigns Judge, Nganjiwa over alleged unlawful enrichment

A serving judge of the Federal High Court, Hyeladzira Nganjiwa, was on Friday arraigned before Justice A.A. Akintoye of the Lagos State High Court, Igbosere, by the Economic and Financial Crimes Commission EFCC, for alleged unlawful enrichment to the tune of $260,000 and N8,650,000. Mr. Nganjiwa, who is attached to the Bayelsa Division of the Federal High Court, was arraigned on a ... Read More »

SSS foils plans by terrorists to attack Kano, Sokoto, Kaduna, Maiduguri At Eid el Fitri – Official

The State Security Service, SSS, announced on Friday that it arrested suspected terrorists planning to attack Kano, Sokoto, Kaduna and Maiduguri during the Sallah celebration. The federal government had earlier declared Monday and Tuesday next week as public holidays for the Islamic festival. In a statement on Friday signed by Tony Opuiyo, the SSS said, “The past few weeks, this service has uncovered a sinister plot ... Read More »

Etisalat: CBN, NCC Intervene To Save Jobs, Asset Stripping

  Following the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2 billion granted the telecom company by the banks, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017 said the apex Bank and the Nigeria Communications Commission (NCC) decided to intervene in the crisis in order to prevent job losses ... Read More »

Sokoto: Court Affirms Tambuwal’s Election As Governor

The Federal High Court, Abuja, on Friday, affirmed the election of Aminu Tambuwal as governor of Sokoto State. The court dismissed the suit filed by Sen. Umar Dahiru, challenging the nomination of Tambuwal as the governor candidate of the All Progressives Congress (APC) in the April 2015 general elections. Justice Gabriel Kolawale dismissed the suit on the grounds that Dahiru ... Read More »

APC governors back true federalism, restructuring

All Progressives Congress (APC) governors are backing restructuring and true federalism as a way out of the agitation for Nigeria’s break-up. The Progressives Governors Forum also said that the recent agitation by some ethnic groups was a reflection of the prevalent weak governance, economy and law enforcement. In an eight-page document containing the governors’ position on the challenges to Nigeria’s ... Read More »

European countries deport 34 Nigerians

Thirty-four Nigerians deported from six European countries for immigration-related offences arrived at the Murtala Muhammed International Airport in Lagos on Thursday. The deportees, who arrived at 6.30am, were sent back home from Switzerland,  Germany, Iceland, Austria, Belgium and Hungary. The News Agency of Nigeria reported that they comprised 32 males and two females, and were brought back in a chartered ... Read More »