Business

NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to a full Commercial Banking Business following its recent requisition of the national commercial banking license from the relevant authorities. To this end, the bank has appointed Mr. Adebowale Oyedeji, as Managing Director and Chief […]

NIGERIAN banks will deduct the backlog of Electronic Money Transfer Levy (EMTL) on old foreign currency transactions carried out by Nigerians beginning January 31, 2024. The deductions will cover transactions between 2021 and 2023 according to the message sent by the banks to their customers on Tuesday. The banks noted that this is in line […]

FORMER Vice President and Presidential Candidate of Peoples Democratic Party (PDP) and creative industry stakeholders have lauded Governor Ifeanyi Okowa for his massive contribution to growth and development of tourism in the country. Atiku gave the commendation on Wednesday in Asaba while inaugurating Asaba Leisure Park and Film Village built by Okowa and named after […]

THE Director General of the Securities and Exchange Commission, Mr. Lamido Yuguda, has said that the commission will collaborate and engage relevant agencies to eliminate all Ponzi schemes in the capital market. Speaking in Abuja on the menace of ponzi schemes in Nigeria, Yuguda advised investors to always check with SEC for registered and authorised […]

DELTA State Governor, Senator (Dr.) Ifeanyi Okowa on Friday called for more investments in agricultural development to curb rising food insufficiency in Nigeria. The governor who is also Vice-Presidential Candidate of the Peoples Democratic Party (PDP), made the call after inspecting the Oil Palm Plantation and Refinery under construction at Akwukwu-Igbo, Oshimili North Local Government […]

Delta State Governor and  Vice Presidential Candidate of the Peoples Democratic Party (PDP), Senator Dr. Ifeanyi Okowa (3rd left); being conducted round the Delta Leisure Park and Film Village by the project consultant, Arc. Kester Ifeadi (2nd right) when  he( the Governor) inspected the level of work on the facility in Asaba on Friday .With […]

THE National Broadcast Commission, NBC has temporarily suspended the shutdown of the indebted Broadcast stations. This was contained in a statement issued on Friday and signed by the Director General of the Commission, Balarabe Ilelah The suspension it said was sequel to a follow-up meeting held with Executives of the Broadcasting Organisations of Nigeria (BON), […]

BARRING any last-minute change, Nigeria will commence assemblage and manufacturing of environmentally friendly, green, electric and smart automobiles by 2023. Already, the Federal Government of Nigeria through the National Agency for Science and Engineering Infrastructure (NASENI), has signed a Memorandum of Understanding, MoU, with Israeli and Japanese companies for the commencement of the project. Speaking […]

THE Federal Government, yesterday, blamed those it described as economic saboteurs for the vandalisation of crude oil facilities in Niger Delta region. Director-General, National Oil Spill Detection and Response Agency, NOSDRA, Mr. Idris Musa, who stated this in Abuja, accused unnamed businessmen of masterminding the attack on oil pipelines for pecuniary gains. He said the […]