The Economic and Financial Crimes Commission, EFCC, Abuja Zonal Office, yesterday, secured the conviction of one Idunwoyi Osaigbovo before Justice D. Z. Senchi of a Federal Capital Territory, FCT, High Court sitting in Jabi, on a two-count charge bordering on love scam. Osaigbovo was alleged to have fraudulently obtained money from two Caucasian women, Ms….

Organised Private Sector, OPS, yesterday,  cautioned against plan by the Federal Government to increase Value Added Tax, VAT, warning that it would hurt manufacturers, businesses and consumers alike. OPS in a statement by Nigeria Employers’ Consultative Association, NECA, the umbrella body for OPS and Voice of Business in Nigeria, insisted that manufacturers and businesses were…

The struggle by the Organised Labour to secure a new National Minimum Wage, NMW, scored yet another success on Tuesday, March 19, 2019 as the Senate approved the N30,000 agreed by a tripartite committee set up by the Federal Government. The House of Representatives had already okayed the NMW on January 19, 2019. After this…

Nigerian Stock Exchange, NSE, yesterday announced the suspension of Diamond Bank Plc shares from trading following the court sanction of its merger with Access Bank Plc to the proposed scheme of merger. In a notice to the Exchange, Diamond Bank said : “Given the consummation of the scheme of merger on March 19, 2019, trading…

Congressional leadership stability is a key feature of advanced democracies, particularly the United States of America. This is anchored on natural progression by ranking members into positions reserved for “wise men” held in high esteem by their peers, respected by the executive and trusted by the people. In the US Congress, the progression rule has been…

                            Considering the characteristics of the Nigerian economy which had made it to be resistant to guidance and discipline and remained factor-driven for 58 years, the Central Bank of Nigeria, CBN, deserve commendation for evolving and implementing policies that tend towards reinventing…

Reports from the area said soldiers locked down the Abonnema waterways yesterday, over the incident, forestalling movement by boat in the entire local government area. No fewer than 5,000 panic-stricken residents, including mothers and children, trekked from the community to neighboring towns, sparking fears of humanitarian crisis. On February 23, during the presidential and National…

The All Progressives Congress, APC, in Rivers State still has the hope of participating in this weekend’s state-level elections, the candidate’s House of Representatives candidate for Okrika/Ogu-Bolo Federal Constituency of Rivers State, Mrs. Maureen Tamuno, has said. Tamuno, who spoke yesterday during a thanksgiving service at St. Martin’s Anglican Church, Ogu, the headquarters of Ogu/Bolo,…

The Central Bank of Nigeria (CBN) has charged finance houses to maximise opportunities offered in the revised guidelines to expand their scope of business and increase their contribution to economic growth. Deputy Governor, Financial Sector Surveillance, FSS, CBN, Mrs Aishah Ahmad, gave this charge in a keynote addressing at the biannual conference of Finance Houses…

The earlier meeting between Governor Akinwunmi Ambode of Lagos State and Labour Unions, to negotiate the new minimum wage for workers in the state was postponed  indefinitely. The meeting, between both parties, targeted at deliberating on the planned hike in minimum wage, had been scheduled to hold at the State House, Ikeja, but was postponed….

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