Senate passes bill to establish medical varsity in Iyin-Ekiti
The Senate on Wednesday passed a bill for the establishment of the Federal University of Health and Medical Sciences, Iyin-Ekiti, in Ekiti. The passage followed the presentation of the report of the Senate Committee on Health (Secondary and Tertiary) presented by the Chairman, Ibrahim Oloriegbe during plenary. The bill was sponsored by Senator Opeyemi Bamidele (APC-Ekiti), Chairman Senate Committee on Judiciary,...
Assembly approves Ganduje’s N4bn loan request for power project
The Kano State House of Assembly has granted approval to Governor Abdullahi Ganduje for additional N4 billion loan for power project in the state. This following the adoption of a motion by majority leader, Hon. Labaran Madari (APC-Warawa) during plenary on Wednesday in Kano. Ganduje had transmitted a letter to the House seeking approval for the loan to finance the final...
Buhari seeks NASS approval to borrow $4.5bn, 710m euros
President Muhammadu Buhari has sought approval of the National Assembly for external loan as addendum to the 2018 to 2021 Federal Government’s external borrowing plan. Buhari’s request was contained in a letter addressed to both the President of Senate Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila and read at plenary on Tuesday. Buhari in the letter said...
McMillon: From truck unloader to Walmart CEO
Carl Douglas McMillon was born in 1966 in Memphis, Tennessee. When he was 16, his family moved to 'the birthplace of Walmart' — Bentonville, Arkansas. During the summer, McMillon worked at the Walmart distribution center unloading trucks. After graduating from the local public high school, McMillon set off for The University of Arkansas in Fayetteville. He graduated in 1989 with a...
Obaseki, BOI target 50,000 businesses with N2bn MSME fund
Governor Godwin Obaseki of Edo State and the Bank of Industry (BOI) have unveiled a Micro Small and Medium Enterprise (MSME) development fund worth N2 billion to support entrepreneurs in the state. The fund was launched recently during a citizens’ engagement session organized by the Edo State Skills Development Agency, also known as EdoJobs, held at the Government House, in...
Tax Evasion: Tribunal orders DSTV to pay FG N900bn backlog
A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of cable television services, DSTV, to pay 50 per cent of N1.8 trillion tax backlog to the Federal Inland Revenue Service (FIRS). The five-member TAT led by its Chairman, Prof. A.B. Ahmed, issued the order following an application to it by FIRS’ counsel. The counsel made the...
CBN: We remit 80% operational surpluses into CR
The Central Bank of Nigeria (CBN) has denied allegation that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue in the last five years. Dr. Kingsley Obiora, CBN Deputy Governor in charge of Economic Policy, said this at the Senate public hearing on 2022-2024 Medium Term Expenditure Framework (MTEF) in Abuja. Obiora was reacting to an...
ICPC recovers N53bn from real estate developer
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered N53 billion from a real estate developer for the Federal Mortgage Bank of Nigeria. Chairman of ICPC, Prof. Bolaji Owasanoye, disclosed this during a meeting with the House of Representatives Ad-hoc Committee Investigating the Operations of Real Estate Developers in FCT. Owasanoye said that the developer took the money...
NNPC breaks 44-year jinx, declares N287bn profit
For the first time in the 44-year history of the Nigerian National Petroleum Corporation (NNPC), the state-owned oil firm has made profit. President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, announced a Profit After Tax of N287 billion by the NNPC in 2020. Buhari said: “I am pleased to announce the declaration of Profit After Tax of N287 billion...
NEPZA, Borno govt reactivate Banki border free trade zone
To spur economic development in Borno State, the Nigeria Export Processing Zones Authority (NEPZA) has commenced the reactivation of the Banki border Free Trade Zone. Managing Director of NEPZA, Prof. Adesoji Adesugba, disclosed this recently when Governor Babagana Zulum of Borno State paid him a courtesy visit in Abuja. The zone, which was affected by insurgency, was first designated in year...
