The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in Akure, Ondo State. Hosted by leading financial institution, Fidelity Bank Plc, the workshop tagged, Harnessing…
The House of Representatives has urged Federal Government agencies to consider first class graduates for automatic employment when recruiting their members of staff. The House passed this resolution in Abuja on Wednesday following a motion on notice moved by Rep. Chinedu Emeka Martins. However, some members suggested that a bill should be sponsored to give…
The House of Representatives has asked an ad-hoc committee to conduct a status enquiry on the operations of the Nigerian Railway Corporation and the rail system in the country. The exercise is to be conducted within four weeks. The House passed this resolution during its plenary on Tuesday in Abuja presided over by the Speaker,…
The Senate caucus of the All Progressives Congress (APC) will hold a meeting with the National Leader of the ruling party, Bola Ahmed Tinubu, today at 2.30pm. This was disclosed by the Senate President, Ahmad Lawan, in a letter read at the start of plenary on Wednesday. The letter was signed by the Senate Leader,…
An Anambra State High Court, in Awka, presided over by Justice Arinze Akabua has sentenced a former Treasurer with the Anambra State Ministry of Finance, Innocent Ezeonwuka, to 11 years imprisonment for defrauding pensioners of N66.5 million. Onwuka, who was a Sub-Treasurer with the Ministry, was accused by the Independent Corrupt Practices and Other…
Stanbic IBTC Asset Management (“the company”), a subsidiary of Stanbic IBTC Holdings PLC recently announced its final 2021 distribution of NGN2.00 per unit to unit-holders invested in Tranche I of the Stanbic IBTC Infrastructure Fund (“the Infrastructure Fund”). The distribution, which was made in January 2022, is in addition to the interim distribution of N1.24…