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PoS transactions hit N1.4tn in 2017 — NIBSS


Nigerians carried out N1.41tn worth of transactions on the Point of Sales terminals across the country in 2017. The transactions were conducted on about 155,462 active terminals that had been made available to retailers by mobile money merchants, data made available by the Nigerian Inter-Bank Settlement System showed. The statistics indicated that this was the highest value recorded since it ...

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Government must attend to all ethnic grievances – Obasanjo


Former President Olusegun Obasanjo has said the government must give listening ears to the complaints from all regions of the country. The former President said this would give all the ethnic groups a sense of belonging.    Obasanjo stated this on Friday at the National Open University of Nigeria’s convocation lecture in Abuja. The lecture, titled “Restructuring and true federalism: ...

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4,000 Nigerians volunteer to embark on voter education

fela durotoye

More than 4,000 Nigerians from different backgrounds and professions from over 30 states have prepared to embark on a door-to-door campaign to educate the citizens ahead of 2019 elections. The volunteers were members of the Team FD, an organisation founded by the Founder and Chief Executive Officer of the GEMSTONE Leadership Centre, Mr. Fela Durotoye. Their resolve to embark on ...

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Two Senior Lawyers Banned From Legal Practice

Federal High Court in Nigeria

The Legal Practitioners Privileges Committee, LPPC recently announced that it had withdrawn the title of Senior Advocate of Nigeria from two lawyers for misconduct. In a statement signed by its secretary, Hadiza Mustapha, the committee said the first affected lawyer, Oluwatoyin Bashorun, would not be allowed to re-apply for the position till after three years, while Kunle Ogunban has been ...

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How Don Wani, Kidnap Kingpin Was Killed – Army

Nigerian army

Maj.-Gen. Enobong Udoh disclosed how the men of the Nigerian Army killed the notorious murderer and kidnap kingpin while the Army paraded corpses and arms and ammunition of the deceased gang members recently in Port Harcourt. He said security agencies, complying with the directive of President Muhammadu Buhari, trailed Don Wani and his gang members to their hideout in Enugu. ...

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Southern Governors Oppose Cattle Colonies

south gov

The Ebonyi State Government described the proposed cattle colony as a strange and deceptive concept designed to dispossess states of their treasure. According to him, it is not practicable and therefore unacceptable. It therefore advocated the adoption of a ranching system as a panacea for curbing the incessant clashes between herdsmen and farmers across the country. This was also the ...

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Court Orders Forfeiture of $5.8m Belonging to Patience Jonathan


The Court of Appeal has dismissed the appeal of the defence team led by renowned lawyer, Mike Ozekhome (SAN) on behalf of former first lady, Patience Jonathan. In a statement released by EFCC, it confirmed the forfeiture of $5.8m and another N2.4b. The statement reads: “The Court of Appeal in Lagos has upheld the order of interim forfeiture of $5,842,316.66 and N2,421,953,522.78 ...

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dele momodu

By Dele Momodu; dele.momodu@thisdaylive.com   Fellow Nigerians, thanks for the deluge of messages and phone calls last week after reading my memo to our dear President. I doubt if any article of mine ever generated such amazing interest from the rich and poor, educated and not so educated, alike. The closest to it would be the letter I wrote to our ...

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Wema’s ALAT named Africa’s best digital banking app

wema alat

ALAT, the digital bank powered by Wema Bank has been named the ‘Best Mobile Banking App’ and ‘Best Digital Bank for 2017’ at this year’s World Finance Digital Banking Awards. The World Finance Digital Banking Awards celebrate organisations that lead the way with digitalisation while meeting consumer demands and mitigating against accompanying risks along the way. The lender in a ...

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Nigerian Army frees 244 repentant Boko Haram members

Nigerian army

Nigerian Army on Monday handed over 244 repentant Boko Haram insurgents released from detention to Borno Government. Theatre Commander, Operation Lafiya Dole, Maj.-Gen. Rogers Nicholas, disclosed this while presenting the released detainees to Governor Kashim Shettima, at the Military Cemetery, Maimalari cantonment, Maiduguri. Nicholas said that the detainees were released as part of activities to commemorate the 2018 Armed Forces ...

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Nigeria earns N284bn from cashew exports in three years


Between 2015 and 2017, Nigeria earned $813.05m (N284.5bn) in foreign exchange from the exportation of cashew. The President, National Cashew Association of Nigeria, Mr. Tola Fasheru, gave the figure in Abuja shortly after he led a delegation of the association to meet with the Minister of State for Industry, Trade and Investment, Mrs. Aisha Abubakar. The NCAN president disclosed that ...

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Court sacks Etisalat Board


The Federal High Court in Lagos has nullified the appointment of an interim board for Emerging Markets Telecommunications Service, the owners of Etisalat. Justice Ibrahim Buba made the order on Friday based on an application by Spectrum Wireless Communication Ltd., which was said to have invested $35m in 2009 in EMTS/Etisalat. The court order nullified the appointment of Dr. Joseph ...

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NYSC suspends orientation in Taraba, Benue states


The National Youth Service Corps says the 2017 Batch ‘B’ Stream II orientation camp scheduled to hold in Benue from January 16 to February 5 has been suspended till further notice. The scheme made the announcement on its official Facebook page in Abuja on Sunday. It said that a new date would be communicated in due course to prospective corps ...

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Edo man wins N20m Nigerian lottery


An engineer from Edo State, Mr Sidney Osahon, 35, who won the ‘Give ‘n’ Take N20m National Jackpot Bonanza, said his landlady almost ejected his family hours before he won the lottery. Osahon, who disclosed this at a news briefing organised by Give `n` Take National Lottery in Abuja, said he was threatened by his landlady on his way to claim ...

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FG approves independent power supply to Abuja airport

Nigerian Airport

The Federal Executive Council on Wednesday approved the contract for the provision of independent power supply (at N61 per kilowatt/hour) to the Nnamdi Azikwe International Airport, Abuja. The Minister of State for Aviation, Hadi Sirika, disclosed this to State House correspondents at the end of the council’s first meeting of the year presided over by President Muhammadu Buhari at the ...

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Stocks gain N517bn in one day, 60 firms soar

business document

The Nigerian stock market appreciated by N517bn on Wednesday as the Nigerian Stock Exchange All- Share Index gained 3.6 per cent to settle at 41.816.11 basis points. A total of 60 stocks appreciated as the year-to-date return expanded to 9.3 per cent. The NSE market capitalisation rose to N14.88tn from N14.363tn. Similar to prior sessions, performance was buoyed by a ...

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Aero Contractors Limited concludes Nigeria’s first C-check on aircraft in 14 years

Air Botswana

Aero Contractors Limited on Thursday completed a C-check on a Boeing 737 aircraft from its recently approved Maintenance, Repair and Overhaul facility at the Murtala Muhammed Airport, Lagos, followed by a test flight. The airline noted that the maintenance check on one of the planes in its fleet was the first time a C-check would be carried out on a ...

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Poor power supply, others delay new Abuja airport terminal

Nigerian Airport

The Federal Government on Tuesday said it was disappointed by the delay in the completion of the new terminal of the Nnamdi Azikiwe International Airport, Abuja, due to the absence of electricity and other challenges. The government stated that the airport was meant to be completed before the end of last year, but this never happened and might not happen ...

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