FG’s N1.3trn electricity intervention fund underperformed—Finance Minister
By Prince Okafor The minister of finance, budget and planning, Zainab Ahmed, said that the N1.3 trillion intervention fund the federal government provided for the power sector has not yielded any significant result. On March 1, 2017, the federal government had approved the sum of N701 billion as a power assurance guarantee fund for the […]
FCCPC accuses Google of shielding illegal online loan sharks
By Yinka Kolawole The Federal Competition and Consumer Protection Commission (FCCPC) has said that Google was obstructing its efforts aimed at tracing the owners of illegal online money lending services engaged in consumer rights violations in Nigeria. The Executive Vice Chairman/Chief Executive Officer, FCCPC, Mr Babtunde Irukera, made the allegation at a collaborative engagement with […]
Bitcoin holders make N2.51tr in 2 days as crypto asset’s value rises by 0.68%
By Adekunle Fajana Bitcoin market value rose by 0.68 percent within two days handing investors N2.51 trillion ($6.06 billion) in the process. This followed Friday’s minting of new Bitcoin by SBI Crypto. SBI Crypto had minted the 19 millionth Bitcoin, leaving just two million Bitcoin left to be minted since the cryptocurrency was created by […]
South Africa Blowing Hot and Coal on Just Energy Transition
The government has announced that it currently has no plans to discontinue the use of coal as part of the country’s energy mix. While responding to oral questions in the National Assembly, Deputy President David Mabuza said that the country’s energy generation is guided by the Integrated Resource Plan (IRP) 2019. This means that all fuel […]
Russia-Ukraine War: My fears for Nigeria, other African countries — Ngozi Okonjo-Iweala
By Luminous Jannamike, Abuja The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has warned that Nigeria and many African countries may face food crises due to the war in Ukraine. She made this warning during an exclusive interview with BBC World Service, which was monitored by Saturday Vanguard in Abuja yesterday. […]
2022 Grammy Awards: Wizkid, Femi Kuti, Burna Boy, Tems nominated
By – Joy Mazoje The Nigerian Afro beat genre has become a global phenomenon, from the likes of Fela Kuti to new generation Afro beat singers like Wizkid, Burna Boy and Davido. On Tuesday 23 November 2021, the Grammy awards Recording Academy released the Nomination list of the 64th Grammy’s Award, which was set to […]
2023: FG directs NBC to clamp down on stations airing ‘inciting broadcasts’
By Emmanuel Elebeke The Federal Government, yesterday, directed the National Broadcasting Commission, NBC, to go hard on television and radio stations airing inciting broadcasts, as politicking for the 2023 general election hots up. Minister of Information and Culture, Lai Mohammed, who gave the directive at the inauguration of the Governing Board of the commission in […]
Heavy rains ahead, Lagos govt alerts residents
By Olasunkanmi Akoni Lagos State government has alerted residents of the state of incoming heavy rains, amounting to 1,750mm in 2022, with attendant socio-economic implications for residents of the state. The state government, however, urged residents not to panic, as every arrangement has been put in place to ensure adequate protection of lives and property. […]
Ukraine: Poland to end Russian oil imports; Germany warns on gas
Poland announced steps Wednesday to end all Russian oil imports by year’s end, while Germany issued a warning about natural gas levels and called on people to conserve, new signs of how Russia’s war in Ukraine has escalated tensions about securing energy supplies to power Europe. Poland, which has taken in millions of Ukrainian refugees, […]
Stakeholders back creation of International Anti-Corruption court
…Say Nigeria loses over $15bn annually to Illicit Financial Fraud By Luminous Jannamike, Abuja Stakeholders, including the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, have affirmed their support for the establishment of an International Anti-Corruption Court (IACC). The proposed institution, the stakeholders say, will strengthen the enforcement of criminal laws […]
The Joy we have in Christ
By Princess Arira The moment you invited Jesus into your heart as your Lord and Savior, all your sins were forgiven—your past sins, your present sins, and your future sins. Once you are born again, you are in Christ. You do not have to try to get forgiveness. You have the forgiveness of sins through […]
APC Chair: Buni hands over office to Adamu
By Ndahi Marama, Damaturu Following last Saturday’s National Convention of the ruling All Progressive Congress, APC in which all the Chairmanship aspirants stepped down for the former governor of Nassarawa State, Senator Abdullahi Adamu emerged as National Chairman, Yobe state Governor, Hon. Mai Mala Buni, has on Wednesday formally handed over the office of the […]
Reps query borrowing as Committee uncovers N300bn unclaimed funds
The chairman House of Representatives ad hoc committee on unclaimed funds in commercial banks, Uyme Idem has frowned at the situation where the country goes out to borrow money to fund its budget when it has over N1 trillion hanging in banks. Idem, on Wednesday in Abuja said the committee has uncovered over N300 billion […]
The world needs more entrepreneurs, investments —Tony Elumelu at TIME100 Impact award
By Babajide Komolafe, Economy Editor, LAGOS Chairman, United Bank of Africa, UBA Plc, Mr Tony Elumelu has advocated for more entrepreneurs and investments across the world to Fastrack the achievement of the Sustainable Development Goals, SGD. Elumelu made this appeal at the first-ever TIME100 Impact Award at the Museum of the Future in Dubai, where […]
FBNHoldings wins International Finance awards
By Babajide Komolafe FBN Holdings Plc has won two international awards: Best Investor Relations – Banking – Nigeria 2021 and Most Diversified Financial Portfolio Services – Nigeria 2021 by the International Finance, a global media outfit renowned for its comprehensive coverage and analysis of the global financial services industry, international business, oil and gas, fintech, […]