Author: Chief Editor

The Managing Director/ Chief Executive Officer Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has said the corporation is working assiduously to ensure more Microfinance Banks (MFBs) are on the National Association of Microfinance Banks Unified Information Technology (NAMBUIT) to enhance resolutions in an event of failure. He said this yesterday in his keynote address at the Editors’ Forum where the corporation gathered senior editors of media outlets to discuss, “Deposit Insurance System (DIS) and Financial System Stability.” He noted that another initiative targeted at MFBs, the Single Customer View (SCV) reporting template would address challenges of delays in the payment…

Toyota Motor Corp (7203.T) sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world’s top-selling automaker for a third straight year. Global sales for the group, including truck unit Hino Motors (7205.T) and small-car maker Daihatsu, inched down 0.1% as record overseas sales of 8.6 million vehicles helped offset a 9.6% dip in its home market to 1.9 million. Second-ranked rival Volkswagen Group (VOWG_p.DE) earlier this month reported its lowest sales in over a decade, of 8.3 million vehicles, as COVID-19 lockdowns in China and the war in Ukraine upended supply chains. While some chip-related supply constraints remained for Toyota as well,…

The House of Representatives has directed the Clerk to the National Assembly to transmit the 35 bills that have so far met the requirement of the provisions of Section 9(2) of the Constitution to President Muhammadu Buhari for assent. The 35 proposed legislations were considered by 27 State Houses of Assembly and approved by at least 24 state assemblies as required by law. The state houses lawmakers however rejected nine bills including the proposed legislation for financial and administrative autonomy for local government councils. The House urged the following State Houses of Assembly – Gombe, Jigawa, Kebbi, Kwara, Oyo, Plateau,…

•Lauds AfDB, other partners’ provision of $538.05m for Nigeria’s agro-industrial processing zones President Muhammadu Buhari has called on his fellow African leaders to demonstrate the political will and re-commit themselves to the total transformation of agriculture in the continent. The president also welcomed the provision of $538.05 million by the African Development Bank (AfDB), the Islamic Development Bank and the International Fund for Agricultural Development for the first phase of the Special Agro-Industrial Processing Zones (SAPZ) for Nigeria programme. Delivering a goodwill message to the Feed Africa Summit of Heads of State and Government in Dakar, Senegal, yesterday, Buhari, according…

The Central Bank of Nigeria, Calabar branch has deepened its sensitisation of redesigning naira notes to Central and Northern districts of Cross River State. The locals have alleged that commercial banks are hoarding the new naira notes of N200, N500 and N1000 and that most ATMs are not working. The CBN team led by the Deputy Director of, the Banking Supervision Department, Amonia Opusunju has been on a five-day sensitisation to inform the people living in the rural areas to take their old notes to the bank on or before Tuesday, January 31, 2023. Some communities, particularly in the Central…

The governorship candidate of the Labour Party (LP) in Lagos State, Gbadebo Rhodes-Vivour, yesterday, lamented that many of the party’s members were being attacked on a daily basis. He, therefore, urged the Inspector-General of Police (IGP) to look into the matter and ensure that the culprits are brought to book to serve as deterrent to others. Rhodes-Vivour, who spoke at a briefing in Lagos to address issues bothering on collection of Permanent Voter Cards (PVCs), was reacting to the video of a man attacked at Ojo Local Council Development Area (LCDA) for allegedly pasting posters of the party. He said: “Two days…

• Ortom seeks old naira notes deadline extension• Policy ill-timed, says Dickson As citizens become agitated over rejection of the old N200, N500 and N1,000 notes ahead of the January 31 deadline, more voices, yesterday, weighed in strongly against the currency redesign swap policy amid calls for extension.The House of Representatives, yesterday, read a Riot Act to the Central Bank of Nigeria CBN Governor, Godwin Emefiele, and his management team to rescind the January 31 deadline on cash withdrawal limit and cash swap policy. Chairman, Ad-hoc Committee investigating the policy, Alhassan Ado-Doguwa, stated this while briefing members on the inability…

Attacking Buhari won’t save you from defeat, Atiku mocks Tinubu• Stop going to Abeokuta, Obi taunts Tinubu• Marketers hoard fuel, find alibi in revised LASG directive on operations• Marketers may sue NNPC over inability to deliver PMS • Again, Buhari back to PMS tracking as petrol scarcity persists Less than a month to the presidential election and many months since the lingering fuel scarcity, presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, yesterday, in a jab directed at the government, alleged plot by some ‘powers-that-be’ to sabotage his chances at the polls through the fuel scarcity and…

If there’s one person Prince Harry isn’t going to sever ties with, it’s his therapist. In his new tell-all memoir, “Spare,” the Duke of Sussex portrays his therapist as one of the few people truly in his corner. Harry writes that she was the first person he called after a verbal fight with his older brother, Prince William, turned physical. (William had stormed into Harry’s home at Kensington Palace and labeled Harry’s wife, Meghan Markle, “difficult,” “rude” and “abrasive,” according to the younger prince.) Instead of Markle, it was the therapist whom the Duke of Sussex reached out to: “Thank God she answered. I apologized for the intrusion,…

Born on 8th May, 1968, Pastor Poju Oyemade is the Senior Pastor and Founder of The Covenant Nation (TCN) – a ministry founded in 1994 and headquartered in Lagos Nigeria, where he oversees a dynamic community of believers who attend any of its services every week or join in on its online platforms. He is a highly regarded teacher of the Word of Faith, who draws out insightful lessons from God’s word that are applicable to the complexities of everyday life, family, business, and nation building. His messages are both transformational and trans generational, finding relevance across all walks of…