Since its grand entrance into the Nigerian banking sector, PremiumTrust Bank has sent tongues wagging on the issue of ownership structure. Licensed by the Central Bank of Nigeria in December 2021 to operate as a Commercial Bank in Nigeria, but officially opened for business in Port-Harcourt, Rivers State on the 19th of April 2022. Two other branches were opened in quick succession in line with the Bank’s branch expansion strategy. Subsequently, on the 30th of May 2022, the Bank opened its 4th branch along Mariam Babangida Way, Asaba, Delta State. The branch was dedicated and declared open by the General…
Author: Funke Busari
President Bola Ahmed Tinubu has on Monday approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, Comptroller-General of Customs from Service as well as their replacements with immediate effect. This information was communicated by Willie Bassey, Director, Information, on behalf of Secretary to the Government of the Federation. The newly appointed Officers are:S/N NAME APPOINTMENTS1 Mallam Nuhu Ribadu National Security Adviser2 Maj. Gen. CG Musa Chief of Defence Staff3 Major TA Lagbaja Chief of Army Staff4 Rear Admiral EA Ogalla Chief of Naval Staff5 AVM HB Abubakar Chief of Air Staff6 DIG Kayode Egbetokun Acting…
By Dennis Isong Nigeria, being one of the largest oil-producing countries in Africa, has historically implemented fuel subsidies to alleviate the financial burden on its citizens and ensure affordable energy costs. However, the effects of fuel subsidies extend beyond the energy sector, with potential repercussions on various industries, including real estate. This article explores the impact of fuel subsidy on the real estate market in Nigeria, analysing both positive and negative implications. 1) INCREASE IN CONSTRUCTION COSTS Fuel subsidies significantly affect the cost of construction materials, transportation, and machinery used in the real estate sector. With subsidised fuel prices, the…
Hope of increase food supply and hunger reduction across West African rises as experts across West Africa states and Sahel Savannah region are currently in Abuja for a two-day meeting to deliberate on the prevention of food crisis and malnutrition in the region. Dr. Abdou Ali, Head of Information and Relationship Department, Agricultural and Hydro Metrology (AGRHYMET regional centre), while speaking with newsmen said that the meeting was crucial to the region. According to him, the meeting was to brainstorm on response to food and nutrition situation in West Africa and Sahel, and to have big initiation on having abundant…
Abdulrasheed Bawa
Globus Bank Limited, one of the new entrants into the Nigerian banking sector, led by Peter Amangbo as chairman and Elias Igbinakenzua as its chief executive officer, is in the news for the wrong reason, THE WITNESS reports. The bank has filed an application before a Lagos high court seeking an order for recovery of a total sum of N962,019,843.35 fraudulently transferred electronically from its vault into accounts domiciled in eight commercial banks. The N962m is part of the total N1,755,376,156.34 transferred from the bank between Monday 6th and Saturday 11th of June 2022. The bank has already recovered the…
Text Of Democracy Day National Broadcast By His Excellency President Bola Ahmed Tinubu, On June 12, 2023
Experts and stakeholders in international law have called for the urgent prioritisation of the United Nations Sustainable Development Goals, SDGs, as the foundation for social, economic and infrastructure development planning in Nigeria if the country is to effectively combat plastic pollution and advance all round sustainable green growth. The recommendation was made at a public lecture to commemorate this year’s World Environment Day. The World Environment Day is an annual event led by the United Nations Environment Programme and held annually on 5 June worldwide to promote global awareness on environmental issues. Themed “Solutions to Plastic Pollution” this year’s ceremony…
Bisi Adeleye-Fayemi
President Bola Ahmed Tinubu has suspended Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria from office with immediate effect.