Business

Zamfara govt inherits N300b debt from Yari administration

The Governor Bello Muhammad Matawalle-led administration in Zamfara State inherited over N300 billion debt from the immediate past government of Abubakar Yari.
The Transition Committee Chairman, Mallam Ibrahim Wakkala, who disclosed this to the governor, had reported an initial N251 billion before a comprehensive review was completed.

Obi attends Commonwealth Enterprise, Investment Council meeting (photo)

The Chief Executive of
Commonwealth Enterprise & Investment Council, Mr. Alan Gemmell (right), with Anambra State former governor, Mr. Peter Obi (left), after the council's Governing Board meeting in London yesterday.

Oando secures fresh court order to review SEC sanction

The Federal High Court in Lagos has granted Oando Plc permission to file a motion for a judicial review of the Securities and Exchange Commission’s decision imposing a fine of N89,675,000 on it.
Justice Ayokunle Faji also granted leave to the company to apply for an order of certiorari for the quashing of SEC’s directive to Oando to convene an extraordinary general meeting on or before July 1 to appoint new directors and articulate remedial measures for the alleged corporate governance lapses.

Obi congratulates Air Peace, solicits support for airline

By Valentine Amanze

Obaseki okays N100m to 40 entrepreneurs in Edo

. Facebook, FATE train SMEs

By Valentine Amanze

Access Bank management visits Kwara governor (photo)

L-R: Regional Head of Access Bank, Muhammed Adelabu; GMD/CEO, Access Bank, Dr. Herbert Wigwe; Kwara State Governor, AbdulRahman AbdulRazaq; Chief of Staff, Access Bank, Halima Kyari and Group Head, West Lookman Martins, during a courtesy visit to the governor at Government House, Ilorin, the State Capital, on Wednesday.

Breaking: Nigerian govt suspends planned Ruga programme

The Federal Government has suspended the planned Ruga Programme.

An aide in the presidency confirmed this to Channels Television.

The source, however, says the Governors Forum will be speaking on the matter soon.

The Ruga initiative has for some time been generating heated debates in various quarters with some arguing that it is a scheme by the government of the day to reposition the Fulani tribe.

However, the presidency has defended the controversial Ruga settlements programme saying that the initiative is for the benefit of all.

: MWUN threatens to ground Port operations nationwide

The Maritime Workers Union of Nigeria (MWUN) has declared six pm Tuesday to shutdown operations across the nation.
The decision became inevitable following non-payment of monies owed stevedoring companies and dockworkers nationwide.
Recall that the union had issued a two-week ultimatum to the IOCs, even as it also reminded the multinationals to fulfil their own bargaining at the weekend.

N1.5b UBEC fund: Kwara govt raises posers for former governor

.Kwara lowest in UBEC performance ratings
By Valentine Amanze

60% of Nigerians lack access to finance – NDIC

Nigerians still do not have access to finance despite the proliferation of commercial banks in the country over the years.
The Managing Director/ Chief Executive Officer, Nigeria Deposit Insurance Corporation, Mr Umar Ibrahim, stated this when he paid a courtesy visit to the President of the Senate, Ahmad Lawan, in Abuja on Wednesday.
He specifically lamented that about 60 per cent of Nigerians lacked access to finance.
He noted that for Nigerians to be taken out of poverty, their inclusion in financial accessibility must be ensured.

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