News

Chairman of Zinox Group, Leo Stan-Ekeh has raised the spectre of an impending digital disruption in Africa occasioned by the challenges of mass unemployment and the failure of most African states to match the rapid pace of digital revolution. He sounded the alarm during a breakfast talk with select entrepreneurs from Africa and Asia in Dubai Marina on Sunday. Ekeh, …

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The Acting President, Prof. Yemi Osinbajo, on Monday said banks and other financial institutions holding illicit funds should be made “to face the consequences of engaging in criminal conduct.“ Osinbajo said this in an address at ‘Conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development,’ in Abuja. Osinbajo said the transfer of …

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Tayo Olanipekun The Lagos State Government has suspended indefinitely the activities of the National Union of Road Transport Workers (NURTW) in the seven branches of the Union within the Oshodi axis of the state. This is the fallout of a stakeholders’ meeting which held in Alausa, Ikeja, on Monday following the continued violence that attended the death of Alhaji Rasaq …

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The Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, on Monday said a study has shown that 55 top Nigeria government officials and private businessmen illicitly diverted a total of N1.35 trillion between 2006 and 2013. He also said at least one trillion naira was lost to fuel subsidy scam in the country and millions of …

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The management of Obafemi Awolowo University, Ile-Ife, has locked up two halls housing mosques over crisis rocking the Muslim students’ body of the university. The university has also suspended religious activities in all its halls of residence. This was confirmed in a circular dated June 4 and signed by the university’s Dean of Student Affairs, Prof. Grace Akinola, of which …

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Jaiz Bank has emerged the worst performing stock in percentage terms on the Nigerian Stock Exchange for the month of May. The data obtained from the exchange for the month of May indicated that the stock dropped by 17.39 percent, to close at 95k per share, as against the opening price of N1.15. The Chief Operating Officer, InvestData Ltd, Mr …

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The Federal Inland Revenue Service (FIRS) has introduced six key electronic solutions (e-Services) to enhance convenience, transparency and round the clock processing and payment of taxes. Some of the e-Services, which could now be accessed online, are taxpayer registration (through e-Registration); payment of Stamp Duties (through e-Stamp Duty); payment of taxes (through online payment: e-TaxPay, Remita); receiving of electronic receipt …

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Privatised public enterprises are to be listed on the Nigerian Stock Exchange, the Director-General, Bureau of Public Enterprises, Mr. Alex Okoh, has said. He said this in Abuja on Friday when he received members of a technical committee on attracting new listings, according to a statement issued in Abuja on Friday by the Head of Public Communications at the agency, …

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Family physicians under the aegis of the aegis of the Society of Family Physicians of Nigeria, have raised the alarm that the ongoing recession is taking its toll on Nigerians’ mental health. According to those who spoke at the World Family Physician Day seminar at the Eko Hospital in Lagos, about seven million Nigerians are living with depression. The President …

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Granting unknown persons and organisations access to a subscriber’s telephone line by MTN for the purpose of sending unsolicited messages to the line is a violation of the subscriber’s right to privacy, the Abuja Division of the Court of Appeal has ruled. A three-man bench of the Court of Appeal  led by Justice Tinuade Akomolafe-Wilson, unanimously held  in its judgment …

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