Emefiele begs manufacturers to reduce prices of building materials
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged manufacturers in the construction industry to bring down prices of building materials in the interest of the Nigerian masses. Emefiele made the appeal on Thursday in Sokoto, at the Commissioning Ceremony of the three million metric ton Cement Plant by the BUA Group. The CBN governor urged...
CBN reduces charges on electronic transactions
The Central Bank of Nigeria (CBN) has reviewed downward charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor Efobi, for the Director, Financial Policy and Regulation Department, stated that the review was in response to “further evolution in the financial industry in the last...
FG rakes in N174bn from marginal field bid round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has realised N174 billion from the 2020 Marginal Field Bid Round (MFBR) programme. The commission’s Chief Executive, Mr. Gbenga Komolafe, made this known on Thursday, in Abuja, at the NUPRC engagement with 2020 Marginal Field Bid Round (MFBR) awardees and leaseholders. The engagement was for the commission to state the policy position on the...
School headmaster ordered to sweep stadium for three months
The Chief Magistrate Court 4 sitting in Bauchi metropolis has sentenced a 40-year-old man, Mr. Abraham Owen, to non-custodial punishment of sweeping the Abubakar Tafawa Balewa Stadium for three months. Owen was found guilty of misappropriating N145,000 belonging to the Alfijir Wisdom Academy, Bauchi, where he served from 2017 to 2019, as the school headmaster. The plaintiff, Mrs. Fatima Shuaibu of the Kafin Tafawa Bayara filed...
FIRS achieved 100% revenue target, net N6.4trn in 2021 – Nami
In spite of the global economic challenges caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) achieved over 100 per cent of its revenue collection target for 2021. The FIRS collected a total of N6.405 trillion in the year 2021. Executive Chairman of FIRS, Muhammad Nami, made this known while giving the “FIRS 2021 performance update,” adding that despite the limitations...
Dowen College founder, board members quit, school reviews policies
The founder and chairman of the Board of Dowen College, Dr. Olumide Phillips, and all members of the school’s board have stepped down. The retirement of the board chairman and members was contained in a statement issued on Thursday, January 27, by one Tomi Borisade on behalf of the school. According to the statement, a new generation of seasoned professionals are expected...
Father bags life imprisonment for defiling, impregnating daughter in Lagos
The Domestic Violence and Sexual Offences Court sitting in Ikeja, Lagos State, has sentenced a 42-year-old father, Ekpo Lawrence, to life imprisonment for defiling and impregnating his 15-year-old daughter. Justice Abiola Soladoye sentenced Lawrence to life imprisonment without an option of fine on Thursday. The presiding judge said the prosecution proved to the court beyond reasonable doubt the charge of defilement...
2023: Tinubu is APC’s most viable presidential candidate – Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos, on Thursday, declared that Asiwaju Bola Ahmed Tinubu remains the most marketable presidential candidate of the All Progressives Congress (APC) ahead of the 2023 elections. Sanwo-Olu said Tinubu’s qualification rests on his demonstrated capacity in deploying a mix of genius and statecraft to nurture a city on the brink to a flourishing economy. He noted that...
Idumota mayhen: Court remands Kunle Poly, NURTW chieftains for 30 days
A Yaba Chief Magistrate’s Court in Lagos has ordered the remand of Alhaji Azeez Adekunle Lawal, a.k.a. Kunle Poly, and two others, in the facility of the Nigeria Police Zonal Monitoring Unit, Zone 2 Headquarters, Onikan-Lagos, for 30 days, over last Thursday’s mayhem in Idumota. Others ordered to be remanded alongside Kunle Poly by Chief Magistrate Linda Balogun, are: Prince...
Fire guts Niger market, goods worth millions destroyed
Goods worth millions of Naira have been destroyed in a fire outbreak in Mokwa Central Market, the headquarters of Mokwa Local Government Area of Niger State. It was learnt the goods mostly affected in the fire incident were foodstuffs in the fire that broke early morning at about 4a.m. The Star also gathered that four traders who slept in their shops...
