Barely few days after President Bola Tinubu forwarded the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill 2024 to the National Assembly, the Senate on Wednesday passed the bill. The passage of the bill was sequel to the presentation by the chairman of the Senate’s committee on tertiary institutions and TETFUND, Muntari […]
President Bola Tinubu has written to the National Assembly for the extension of the 2023 capital budget implementation timeline from March 31, 2024, to June 30, 2024. The Speaker of the House of Representatives, Hon. Abbas Tajudeen, read the letter from the President on Wednesday during the plenary session. According to the President, the extension […]
The Acting Head of Infrastructure South Africa (ISA), Mameetse Masemola, has estimated that the country will need nearly $5.7 trillion to close the infrastructure investment gap between now and year 2050. The ISA’s boss gave this estimate in a statement issued during the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) on Monday. During a media […]
…As Diesel Price Rises By 50.20% Motorists and other Premium Motor Spirit (Petrol) consumers in the country paid an average retail price of N679.36 per litre in February this year, compared to the N263.76 they paid for the same quantity of in February 2023, representing a 157.57% increase in the commodity’s price. The National Bureau […]
The Senate Ad-hoc Committee investigating the Ways and Means loans from the Central Bank of Nigeria (CBN) has reported that commercial banks are yet to pay back N358 billion out of the credit given them under the apex bank’s Anchor Borrower Programme (ABP). The chairman of the committee, Sen. Isah Jibrin; made this disclosure at […]
The Nigeria Customs Service (NCS) and the Joint Tax Board (JTB) have signed a Memorandum on Understanding (MoU) aimed at strengthening their collaboration in the current drive by the fiscal authorities to enhance tax administration at all tiers of government in the country. The deal was sequel to an earlier meeting held on the 16 […]
The Board of Zenith Bank Plc has appointed Dr. Adora Umeoji as the Group Managing Director and Chief Executive Officer of the bank. Umeoji, who before her new appointment served as the Deputy Managing Director of the bank, and has now become the first female GMD/CEO of the leading deposit money bank (DMB), succeeded Dr. […]
The Central Bank of Nigeria (CBN) has restated the need for adequate financial literacy as a desirable step towards wealth creation, improved incomes, improved living standard for millions of Nigerians, particularly those in the grassroots. The apex bank’s Head, Consumer Education and Evaluation Division, Consumer Protection Department of the CBN, Lanre Gbadamosi, made this remark […]
The Senate on Tuesday confirmed Mr. Gbenga Alade as the Managing Director of Asset Management Corporation of Nigeria (AMCON) based on his nomination by President Bola Tinubu and recommendations by the appropriate committee of the upper legislative chamber. Others that were confirmed by the lawmakers as Executive directors of AMCON were Adeshola Lamidi, Lucky Adaghe […]
Zone, one of the fast-growing Africa’s payment infrastructure companies, has raised $8.5 million in a seed funding round led by VC firms Flourish Ventures and TLcom Capital The fund raising marked a significant milestone in the company’s ongoing initiatives to build a Blockchain-based decentralized payment infrastructure for financial services providers in Africa and the other […]