By Ayonide Otitoju Zenith Bank Plc has finalized plans to raise about N290 billion in fresh capital, surpassing the N230 billion requirement to meet the new recapitalization mandate of the Central Bank of Nigeria (CBN). In a statement released on Monday, the bank announced the capital raise during the rights issue/public offer signing ceremony in…
By Ayomide Otitoju The MTN Foundation has announced an escalation in its efforts to combat substance abuse among Nigerian youth through its Anti-Substance Abuse Programme (ASAP), launched in 2019. This initiative is a response to alarming statistics indicating that approximately 40% of Nigerians aged 18-35 are struggling with drug addiction. ASAP aims to raise awareness…
By Ayomide Otitoju Access Bank has announced the revamp of its digital loan platform, QuickBucks, aiming to bolster lending to its consumers. In a statement released on Monday, the bank highlighted that since launching its first digital PayDay loan in 2017, it has issued 18 million digital loans amounting to over N740 billion. With the…
In a recent development, oil marketers in Nigeria have declared that no dealer will purchase Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery and sell it at the current pump prices, except the Nigerian National Petroleum Company Limited (NNPC). The President of Dangote Industries Limited, Alhaji Aliko Dangote, announced that…
By Ayomide Otitoju The Inspector General of Police (IGP), Kayode Egbetokun, has instructed senior police officials to ensure the safety of participants in the planned #EndBadGovernance protest, scheduled for August 1 to 10, 2024. This directive was issued in response to a request from human rights lawyer Ebun-Olu Adegboruwa. Adegboruwa, a Senior Advocate of Nigeria…
By Ayomide Otitoju The Federal Executive Council (FEC) has instructed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to the Dangote Refinery and other local refineries in naira instead of US dollars. This directive was announced by Federal Inland Revenue Service (FIRS) chairman Zack Adedeji following a FEC meeting chaired by President…
By Ayomide Otitoju The Nigeria Customs Service (NCS) announced it has exceeded its revenue target for the first half of 2024. According to a statement signed by Chief Superintendent of Customs and National Public Relations Officer Abdullahi Maiwada on Monday, the NCS achieved ₦2.74 trillion in revenue, surpassing its target of ₦2.54 trillion by 8%…
The Nigeria Security and Civil Defence Corps (NSCDC) Anambra State Command has announced the deployment of 1,190 officers and personnel in preparation for the nationwide protest slated to commence on August 1. Anambra State Commandant of the NSCDC, Maku Olatunde, disclosed this deployment in Awka, the state capital, following a strategic meeting with other service…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, has expressed profound shock and sorrow over the death of Senator Ifeanyi Ubah, describing it as a significant loss to Nigeria, his home state of Anambra, and Lagos, where Ubah established many of his businesses. Governor Sanwo-Olu hailed the late Ifeanyi Ubah as an astute businessman…
