National Assembly Suspends Amendment of CBN Act
The National Assembly Committee on Banking, Insurance and other Financial Institutions has decided to pause the amendment process for the bill titled “An Act to Amend the Central Bank of Nigeria Act No. 7 of 2007.”
This decision was...
FG Allocates N7.13bn for Compensation on Lagos-Calabar Coastal Highway
The Minister of Works, Engr David Umahi, announced yesterday that the federal government has allocated N7.13 billion for compensation to those affected by the ongoing demolitions for the Lagos-Calabar Coastal Highway project.
This sum is in addition...
Outstanding Bill: DisCos Threaten to Disconnect Customers, Give Deadline
The Electricity Distribution Company (AEDC), has threatened to disconnect customers who fail to pay their outstanding bills, latest by June 3, 2024.
The threat is contained in a statement issued by the company on Friday.
According to the...
Africa Needs $402.2bn Annually for Structural Development – AfDB
The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa needs to close a financing gap of about $402.2 billion annually to fast-track its structural transformation by 2030.
Adesina spoke during the presentation of the...
Investment Tribunal Resolves N1tr Capital Market Disputes Since 2003
Nigeria’s Investment and Securities Tribunal (IST), settled capital market disputes valued at N1 trillion since its inception in 2003.
The Investment and Securities Tribunal is saddled with the mandate to exclusively resolve disputes arising from transactions in...
NAFDAC Seizes ‘Illegal Drugs’ Worth Over N107m in FCT
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has conducted a raid on drug hawkers at motor parks and markets in the federal capital territory (FCT).
In a statement on X, the...
