BOI Mulls Increase Funding To Mining Sector The Bank of Industry (BoI) has pledged to increase funding support to the mining sector in the country, order to improve the sector’s contribution to the Gross Domestic Product. Acting Managing Director, BoI, Mr. Waheed Olagunju, stated this while speaking on the sidelines of the International Mining Investment Conference, which held in Abuja. …

CBN Lists Sanctions Against Banks Over Power Intervention Fund As Nigerians continued to grapple with incessant power-outage, the Central Bank of Nigeria (CBN) has spelt out sanctions to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, otherwise called power sector intervention fund. The sanctions were contained in a five-page circular posted on the …

  The Edo State governorship election has been postponed this evening. Nigeria’s electoral body, the Independent National Electoral Commission (INEC) after a prolonged meeting decided to postpone the election by two weeks. An earlier security report had suggested the postponement which later came after a security meeting held in Benin, the state capital. INEC officials are to address the press …