June 2024 - Page 12 of 18

EFCC Gets 14,000 Petitions In One Year

Mohammed Shosanya The Chairman, Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, on Tuesday disclosed that the Commission had received 14,000 petitions from members of the public in the last one year.

6 months ago

News·Nigeria News

Tinubu Seeks Fresh $2.5bn Loan To Fund Supplementary Budget

Mohammed Shosanya The federal government is seeking $2.5 billion loan from the World Bank to fund the 2024 supplementary appropriation bill submitted by President Bola Ahmed Tinubu to the Senate. The Minister

6 months ago

News·Nigeria News

NNPC Signs FLNG Deal Wth Golar LNG To Boost Gas Commercialization In Nigeria

Mohammed Shosanya The Nigerian National Petroleum Company Limited has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria.

6 months ago

Oil&Gas

Depositors’ Funds Safe,CBN Insists

Mohammed Shosanya The Nigerian banking system and depositors’ funds are safe, the Central Bank of Nigeria has said. Sidi Ali Hakama,its Acting Director of Corporate Communications, who disclosed this on Monday during

6 months ago

Banking&Finance·Business

Access Bank Plc Acquires BancABC Tanzania

Mohammed Shosanya Access Bank Plc has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”), in line with its strategic expansion goals. This milestone

6 months ago

Banking&Finance·Business

Fidelity Bank Gets $40m Support To Acquire Union Bank UK

Mohammed Shosanya African Export-Import Bank has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalization of Union Bank UK as

6 months ago

Banking&Finance·Business

UNILORIN Spends N230m Monthly On Electricity,Considers Alternative Power Options

Mohammed Shosanya The Vice Chancellor of the University of Ilorin, Prof. Wahab Egbewole, SAN,says the institution’s monthly electricity bill has jumped from N70 million to N230 million per month He described the

6 months ago

Power

May: FG, States, LGs Share N1,143.210trn

Mohammed Shosanya A total sum of N1,143.210 billion May 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. Bawa Mokwa, the Director

6 months ago

News·Nigeria News

How To Stabilize Nigeria’s Power Sector-Edun

Mohammed Shosanya The Minister of Finance and Coordinating Minister for the Economy,Mr Wale Edun,Monday canvassed for liquidity in the power sector as a major solution needed to stabilize the troubled sector. He

6 months ago

Power

NNPC Didn’t Inflate Subsidy Figure,Says Spokesman

Mohammed Shosanya The Nigerian National Petroleum Company Limited (NNPC Ltd), Monday declared that claims that it inflated subsidy claims by N3.3trillion is not true. The Nigerian national oil company in a statement

6 months ago

Oil&Gas

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June 2024 - Page 12

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