Day: April 26, 2021

FG Goes Tough, Bans Importation of Refined Sugar, Derivatives from Free Trade Zones

The Federal Government has prohibited the importation of refined sugar and its derivatives from the nation’s Free Trade Zones (FTZs), in a bid to protect the sugar industry, which is governed by the Nigerian Sugar Master Plan (NSMP). The prohibition move, which came through a directive from the Minister, Ministry of Industry, Trade and Investment,…

EFCC Raises Alarm over Fraudulent Investment Schemes

The Economic and Financial Crimes Commission, EFCC has raised alarmed at the rate Nigerians send petitions to the Commission on fraudulent investments that promise high return with little risks to investors. The commission in a statement said this trend indicates that investment scams continue to thrive despite the enforcement and public enlightenment interventions by the…

Imposition Of Monarch Not Part Of Our Tradition, Says Oloto Royal Family

The Oloto Royal Family of Iddo and Lagos Mainland recently urged politicians to stay away from their king-making process, adding that the imposition of monarchs on kingdoms by politicians is allien to their culture and tradition. The call was made by chiefs of the ruling houses at a recent meeting held in Lagos. Present were…

YABATECH Begins Music Certificates Courses

One of Nigeria’s foremost institutions of learning, the Yaba College of Technology (YABATECH) has decided to meet the yearnings of many Nigerian youths by introducing the first of its kind music certificate courses. The program which is the brain-child of YABATECH Consult Limited an entity of Yaba College of Technology in collaboration with Diamond Well…

Transcorp Makes New Appointments to its Board – Announces New Subsidiary Chief Executive Officers

The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate a leading investor in the Nigerian energy sector, through the ownership of Transcorp Power Ltd, Trans-Afam Power Ltd, Transcorp Energy and owners of the iconic Transcorp Hilton Abuja has announced the appointments of Mr. Victor Famuyibo and Mallam Ahmadu Hamman Sambo to…

Stanbic IBTC Records Improvement in Key Metrics in the First Quarter amid Yield Pressure

Stanbic IBTC, a member of Standard Bank Group, has announced its three months unaudited results for the period ended 31 March 2021. Commenting on the results, Dr. Demola Sogunle, Chief Executive Stanbic IBTC, said: “The domestic economy remains quite fragile. Negative real returns prevailed in the first quarter as headline inflation continued on the rise,…

REDTV’s TMC Named ‘Web Series of the Year 2020’ at the Gage Awards 2020

The Men’s Club (TMC), Africa’s highly anticipated online series powered by the United Bank for Africa’s Lifestyle and Entertainment channel, REDTV, has emerged the winner of Gage’s Awards’ Web Series of the Year 2020. Following a thorough audit by the organisers of the awards, TMC which was nominated alongside four other popular online shows, clinched…

FG Reviews Passport Processing Time To Six Weeks

  The Federal Government has said it is turning around the entire passport application process by the Nigeria Immigration Service (NIS) to Six weeks’ timeline from 1st of June, 2021. The Minister of Interior, Ogbeni Rauf Aregbesola said this is to ensure a seamless, transparent operation, as well as accord human dignity to applicants and…