Metro

Chief Ademola Odunade, the President of a Mapo Customary Court in Ibadan, on Tuesday, dissolved the 19-year marriage between one Abdulahi Azeez and Mujidat over adultery. “If an adulterous spouse does not kill herself, she will definitely kill her husband, therefore the union between Abdulahi and Mujidat has ceased to be. “Custody of the last child produced by the union …

Read More »

The United States Department of Agriculture (USDA) has projected that Nigeria will be the world second largest rice buyer in 2019. China is predicted to be the world’s largest buyer. “On an annual basis, consumption and residual use is projected higher in 2018/19 in Angola, Benin, Burkina-Faso, Cambodia, Cote d’Ivoire, Cuba, Haiti, India, Indonesia, Kenya, Madagascar, Nigeria, the Philippines, Sri …

Read More »

The Securities and Exchange Commission (SEC) has reiterated the need for investors to embrace the e-dividend platform as this will help reduce the huge unclaimed dividend portfolio in the domestic market. The Commission said the benefit of e-dividend is enormous, as it will help reduce the unclaimed dividend in the equities market as well as make investors to have more …

Read More »

By Amos Okioma Bayelsa State Deputy Governor, Rear Admiral Gboribiogha John Jonah (Rtd), on Wednesday said the recent ranking of Bayelsa, as first in the Ease of Doing Business in the South-South zone of the country by the World Bank was attributable to the successes recorded in the development of Small and Medium Scale Businesses, (SMEs) over the years. Rear …

Read More »

By Amos Okioma Shell Petroleum Development Company (SPDC) on Monday decried the high rate of vandalism on its pipeline network at its oilfields in Bayelsa resulting to oil leaks and pollution of the environment. Mr Bamidele Odugbesan, the Media Relations Manager at SPDC said that the oil firm regrets incessant spills and was committed to maintaining environmentally sustainable operations. He …

Read More »

The Director-General, Standards Organisation of Nigeria (SON), Osita Aboloma, has appealed to importers and their representatives to desist from falsification of documents. Aboloma, who made the appeal during the organisation’s advocacy session organised for importers in Lagos on Wednesday, said that false cargo declaration was stalling its operations. The director-general was represented by Mr Obiora Manafa, of the Directorate of …

Read More »

Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021. Salam-Alada disclosed this at the ongoing workshop for Business Editors and Finance Correspondents, organised by Nigeria Deposit Insurance Corporation in Benin. According to him, the volume and value of e-transactions is projected …

Read More »

The Central Bank of Nigeria has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money services to make a minimum capital deposit of N5bn. It was gathered that the apex bank also granted the telcos a provisional approval to apply for a Payment Service Bank licence through a subsidiary company. As contained in the …

Read More »

The Capital Market Committee (CMC) has inaugurated a Market Wide FinTech Committee to come up with a FinTech Roadmap for the Nigerian Capital Market. Inaugurating the Committee which has Mr. Ade Bajomo, Executive Director is Access Bank as Chairman, during the 3rd Quarter CMC meeting in Lagos Wednesday, Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary …

Read More »

UEFA on Wednesday said further examination of French giants Paris Saint-Germain’s alleged flaunting of Financial Fair Play rules would have to await a ruling by the Court of Arbitration for Sport. In the latest revelation from Football Leaks, French sports daily L’Equipe said UEFA was considering ordering PSG to amend its accounts to drastically re-assess the value of its sponsorship …

Read More »