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Nigerian Exchange Limited (NGX) has highlighted the importance of financial literacy and awareness in addressing the issue of unclaimed dividends in the capital market. With unclaimed dividends in the Nigerian capital market reaching N190 billion, efforts to tackle this issue have been challenging. However, through initiatives like webinars and increased access to the market, the NGX aims to educate and empower retail investors to process outstanding dividends and retrieve their unclaimed funds.
The House of Representatives ad hoc committee on non-remittance to the National Housing Fund has summoned the CEOs of insurance companies to address their alleged N267 billion investment fund debt. The committee seeks to investigate the violation of the National Housing Fund Act, which mandates investment in real property development. Non-compliance from the insurance companies has raised concerns, prompting the committee to demand explanations and evidence of payments made to the Federal Mortgage Bank of Nigeria.
Nigeria's President Bola Tinubu has ordered the recall of all foreign ambassadors as part of his efforts to improve government services abroad. The decision comes after a careful assessment of Nigeria's consulates and embassies worldwide. The move aims to enhance efficiency and deliver high-quality services to Nigerians living abroad. However, the recall does not include the country's permanent representatives to the United Nations in Geneva and New York. Nigeria has diplomatic representatives in 94 countries, including Spain, Brazil, Cuba, Mexico, and Venezuela.
Nigeria's President Bola Tinubu has ordered the withdrawal of all Nigerian ambassadors across the globe, with the exception of the country's permanent representatives to the United Nations in New York and Geneva. This decision comes after a thorough investigation into the situation at Nigerian consulates and embassies worldwide.
The ruling People's Democratic Party (PDP) emerged victorious in all 18 Local Government Areas of Edo State, according to the results announced by the Edo State Independent Electoral Commission (EDSIEC). This landslide victory comes after four major political parties collapsed their structures in support of Governor Obaseki and the PDP. The Commission will present certificates of return to the winning candidates later today.
The Edo State Independent Electoral Commission (EDSIEC) has declared the ruling Peoples Democratic Party (PDP) as winners of all the chairmanship positions in the 18 Local Government Areas of the state. However, the opposition parties claim that the election was marred by fraud and irregularities.
The Edo State Independent Electoral Commission (EDSIEC) has presented Certificates of Return to eighteen People's Democratic Party (PDP) Chairmen-elect in Edo State. The recently concluded local government elections in the state saw the PDP emerge victorious in several LGAs, reflecting the will of the people. Edo State Governor, Mr Godwin Obaseki, expressed satisfaction with the conduct of the elections and praised the diligence of EDSIEC. He emphasized the fair and transparent nature of the elections, despite expected challenges and opposition.
Afolabi Ghandi Olaoye has been appointed as the new Soun of Ogbomoso in Oyo State, Nigeria. A former RCCG pastor based in the United States, Olaoye reluctantly accepted the throne after receiving a divine revelation. This article explores the life and career of the Soun-elect and how his faith and personal reservations intersect with his new role as a traditional ruler.
Nigerian President Bola Tinubu has ordered the recall of all Nigerian ambassadors worldwide after reviewing the situation in the country's diplomatic missions. This decision excludes the permanent representatives of Nigeria to the United Nations in New York and Geneva, in light of the upcoming UN General Assembly.
President Bola Ahmed Tinubu has directed the recall of all Nigerian ambassadors serving in different countries. The decision comes after the recall of Nigeria's High Commissioner to the United Kingdom, Sarafa Isola. The recall applies to both career and non-career ambassadors. The Ministry of Foreign Affairs clarified that ambassadors serve at the behest of the President, and it is his prerogative to send or recall them. No information regarding their successors has been provided yet.
Latest news summary in Nigeria
Villagers in the community of Birnin Magaji in Nigeria's Zamfara State have taken the initiative to protect themselves and their community by abducting family members of local bandits. This unprecedented action reflects the dire security situation in the region, where armed gangs have terrorized farming communities for years. While the move has drawn attention to the plight of residents, it also raises concerns about the escalation of violence and the ethical questions surrounding communities taking justice into their own hands.
The National Chairman of the APC, Dr. Abdullahi Umar Ganduje, has issued a warning to the PDP about the ruling party's readiness to take over Rivers State. Ganduje announced that the three major blocks of the APC in Rivers State have united, signaling hope for the party's victory. This development comes as former Governor Nyesom Wike is rumored to be considering defection to the APC.
Atiku Abubakar, the presidential candidate of the PDP, has praised his party for its leading role in ending military rule in Nigeria. He challenges the PDP to cancel the structural deficiencies that Nigerians have endured under the ruling APC. Atiku expresses confidence that the PDP will bounce back to give Nigerians a responsive government.
President Bola Ahmed Tinubu has recalled Nigeria's High Commissioner to the United Kingdom, Sarafa Isola, signaling the end of his tenure. Issued by the minister of foreign affairs, Yusuf Tuggar, a letter instructed Isola to wind down his affairs and return to Nigeria within 60 days. Isola, who previously served as the minister for mines and steel development, was appointed as the high commissioner in January 2021. President Tinubu thanked Isola for his service and wished him well in his future endeavors.
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