Month: April 2021

Army Threatens Legal Action Over Pictures of Slain Soldiers on Social Media

The Nigerian Army has announced that it will take legal action against people that share indiscriminate pictures of killed or injured soldiers on social media platforms. A statement issued by the Director, Army Public Relations, Brigadier General Mohammed Yerima, on Tuesday, stated that it had become necessary to take legal actions in order to protect…

Security: President Buhari Asks U.S To Relocate Headquarters Of AFRICOM To Africa, Warns Of Likely Spillovers

President Muhammadu Buhari on Tuesday urged the United States to reconsider relocating US Africa Command (AFRICOM) from Stuttgart, Germany, to Africa, nearer the Theatre of Operation, admonishing the international community to support Nigeria and the sub-region in tackling growing security challenges to avoid spillovers. President Buhari, who made this appeal in a virtual meeting with…

Niger Delta Leaders Laud Timipre Sylva

Niger Delta leaders over the weekend praised the Minister of State for Petroleum Resources, Chief Timipre Sylva, for liberating the country’s petroleum sector from its quagmire. They also praised the minister for playing a crucial role in the development of Nigeria. “Chief Timipre Sylva is committed to the development of Nigeria. He will always support…

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,…