NewsReports

The Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs) and financial institutions in the country. The GSI creates a contractual mandate from an individual borrower, in favour of a creditor bank to apply monies standing to the credit of …

The Nigeria Police Force spent over N3 billion on controversial contracts and unexecuted projects in 2019, an audit report has revealed. About one-third of the money was paid for 10 contracts awarded to three firms owned by the same person, without proper disclosure, the report stated. These were part of the findings of the Office of the Auditor-General of the …

Amidst doubts by sections of the country over the preparedness of the South East to contest for the presidency next year, Ohanaeze Ndigbo has declared that Ndigbo is today better prepared than the North in 2015 when Presidency was given to them.ADVERTISING Ohanaeze however said that as much as the  Igbo are ready; leaders are always instrumental to the emergence …

The staff of the Police Service Commission under the workers union on Thursday declared a 3-day warning strike over the alleged takeover of the recruitment of 10,000 Constables by Force headquarters. The workers shut down the PSC headquarters in Abuja and forced the Permanent Secretary, Chief William Alo and directors out of their offices. The staff were protesting the alleged …

The Economic Community of West African States (ECOWAS) has suspended Burkina Faso from all its institutions following the recent coup in the West African country. The suspension was decided at a virtual ECOWAS Authority of Heads of State and Government extraordinary session convened to review political developments in Burkina Faso. According to a draft of the meeting’s resolution seen by PREMIUM TIMES, …

The  Association of Professional Women Engineers (APWEN) will Saturday inaugurate Dr Mrs Elizabeth Jumoke Eterigho, FNSE, FNSChE as its 17th President at the Oriental Hotel, Lagos, in an event that will draw dignitaries and professional engineers from across the country. A statement by the investiture committee of APWEN said Engr Tasil Wudil, FNSE, the President of the Nigeria Society of …

The apex Igbo cultural organisation, Ohanaeze Ndigbo Worldwide has extolled the stance of Anambra State governor-elect, Professor Charles Soludo, on what it described as far-reaching policy statement among which is that Innoson vehicle would be his official car while in office. Ohanaeze in a statement by its National Publicity Secretary, Chiedozie Alex Ogbonnia, said it was inexcusable that after proven …

The removal of the subsidy won’t make sense if crude oil theft is still allowed. The sacrifice from the poor won’t make sense if the politicians are still engaged in exhibitionistic sybaritism. Nothing would make sense if the governments are run with a carnival mentality This could be an opportunity for sober reflection and hard life-changing decisions. The country is in …

Following the controversial death of Sylvester Oromoni, a junior secondary school two student of the school, an administrative reorganisation has been effected at Dowen College, Lekki, Lagos State. For the next few months, the school will be managed by ‘external consultants’, as the founder and other members of the board of governors have stepped down, an official said. In a statement …

Hours after the Muhammadu Buhari administration decided to pass the buck on the removal of the so called subsidy on imported fuel into the country to the next administration, the incoming governor of Anambra State triggered hope of a renaissance in governance in the country. Soludo has not taken office yet, but the hopes that Nigeria would one day come …