Politics

The Central Bank of Nigeria (CBN) has released to some banks part of the N499,175,535,097 deducted from 12 banks as additional cash reserves after the affected banks failed to meet a target to provide more credit.

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The Acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, says the agency is planning to rehabilitate young people who are engaged in Internet fraud, popularly known as Yahoo Yahoo boys.

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Barely 24 hours after the International Monetary Fund advised Nigeria to increase tax to raise more revenue, the Federal Government on Thursday said its low revenue was affecting its ability  to service debts and fund day-to-day recurrent expenditure.

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Tayo Olanipekun, Washington DC A survey has shown that no fewer than 75 per cent of Nigerians are ready and willing to pay taxes, the Minister of Finance, Zainab Ahmed, has revealed. She also said that plans were already afoot to levy excise duties on carbonated drinks as she explained to journalists, during the World Bank/IMF Annual Meetings in Washington …

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President Muhammadu Buhari has ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019.

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The Joint Admission and Matriculation Board has said it will no longer register candidates who do not have the National Identity Number for the Unified Tertiary Matriculation Examination.

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Oyo State Governor, Engineer Seyi Makinde, on Wednesday, said that his administration will not shy away from taking hard decisions in order to set the State on a trajectory of sustainable development.

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The Bureau of Public Enterprises has advised the Federal government to give consideration to the privatisation of federal government-owned Enterprises to fund the N10.33trillion 2020 budget, with a total deficit of N2.28trillion.

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Guaranty Trust Bank Plc (GTBank) Wednesday released its unaudited financial results for the nine months ended September 30, 2019, showing gross earnings of N324.262 billion. This was down three per cent from N334.711 billion in the corresponding period of 2018.

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The James Hope College (JHC) has announced the acquisition of the American International School Lagos (AISL) Lekki Campus facility to establish James Hope College in Lagos.  This was disclosed at the signing ceremony held yesterday at the Civic Centre, Victoria Island, Lagos.

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