Author: broadstreet

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The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline operators reaching a deal. It was agreed that the NNPC would supply Jet-A1 to marketers nominated by airline operators for a period of three months […]

The Nigeria Deposit Insurance Corporation (NDIC) says it will commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twitter handle and website, that the exercise would take place between May 9 and 20. […]

The Ekiti State Governor, Kayode Fayemi on Wednesday officially declared his intention to run for President. Governor will be joining seven other aspirants of the All Progressives Congress (APC) who have declared their intentions to run for the same position. The major highlight of today’s event is unveiling his agenda which he has themed, “Unveiling […]

The Lagos State Government (LASG) on Friday demolished shops and other structures constructed under the burnt Apongbon Bridge on Lagos Island. The News Agency of Nigeria (NAN) reports that the Apongbon Bridge was razed by fire on March 23 due to activities of the traders, leading the Federal and the Lagos State Governments to issue […]

The Lagos State Government said it only approved May 2nd and 3rd as public holidays to celebrate the 2022 International Workers’ Day and the Eid-el-Fitr celebrations. The government also told workers in the Centre of Excellence to disregard its earlier circular which approved three straight days as public holidays. The Head of Service in the […]

MTN Nigeria Communications Plc on Monday announced it has issued N127 billion series 1 &2 commercial paper under its registered N150 billion commercial paper programme. The company made this announcement in a public notice signed by Uto Ukpanah, Company Secretary, MTN Nigeria, on Monday. According to the statement, the issuance comprises two tenors. A 184-day Series […]

The International Monetary Fund has warned about the widespread use of crypto assets in Nigeria and other emerging markets to bypass capital restrictions and sanctions. According to the IMF’s Global Financial Stability Report, this is the case. The IMF paid increased attention to crypto-assets this quarter. The IMF had pushed for a worldwide regulatory framework to […]

Nigerian Exchange Limited has launched West Africa’s first Exchange Traded Derivatives Market with Equity Index Futures Contracts. It said in a statement on Friday that this was consistent with the Exchange’s commitment to develop the Nigerian capital market by providing a market that thrived on innovation and responded to the needs of stakeholders in accessing […]

Telecom firm, MTN, has received final approval from Nigerian regulators to run a payment service bank, the wireless carrier said in a regulatory filing on Monday. “The date of commencement will be communicated to the CBN (Central Bank of Nigeria) in accordance with its requirements,” the telco heavyweight said of the bank to be known […]

The Federal High Court in Abuja on Thursday dismissed a suit seeking to declare the seat of Cross River State Governor Ben Ayade vacant. Justice Taiwo Taiwo cited the judgment of the Court of Appeal in Enugu that defection is not a ground for removal from office. The Justice noted that the removal of a […]


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