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Dr. Obafemi Hamzat, the Lagos State Deputy Governor, has praised the achievements and initiatives of President Bola Tinubu's administration during the first 100 days in office. He highlighted the focus on laws, judiciary reforms, tax reforms, and education upgrades. Hamzat also justified the fuel subsidy removal, stating that it was necessary for the sustainability of the nation. He expressed gratitude for the peaceful state of Nigeria and emphasized the challenges faced by other countries. The article also highlights the progress made in Lagos State, particularly the Blue Line Rail project.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has advised the Chairmen of the six Area Councils in FCT to constitute a Surveillance Committee in their respective councils to curb insecurity. Wike gave the advice while responding to the challenges outlined by the councils' chairmen during a familiarisation meeting in Abuja on Thursday. The committee will help in checking insecurity and activities of illegal mining in communities, which create an avenue for insecurity.
The Kogi State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has apprehended four suspects involved in cyber-crime activities. The suspects were arrested through a combined effort of intelligence personnel and other units of the NSCDC. The Commandant urges parents to monitor their children's activities and reassures the public of the readiness to combat crime in Kogi State.
Nigeria Customs Service (NCS) has deactivated two undisclosed authorised dealer banks for failing to comply with Service-Level Agreements (SLAs) in customs duty and statutory charge remittances. The decision was made to uphold transparency, accountability, and efficiency in revenue collection. Importers and stakeholders are encouraged to use alternative authorised dealer banks that comply with NCS regulations.
Nigerian travel blogger Azaino O. Esuoghene, also known as Uncle Koke, has ignited a heated debate with his candid comments about Uganda. In his travel experiences, he compared Uganda unfavorably to Kenya and Rwanda, leading to strong reactions from Ugandans. While some agreed with his observations, pointing out issues like traffic and road conditions, others criticized his remarks, painting a negative picture of Nigerians as global financial scammers. The controversy highlights the diverse perspectives on Uganda's appeal and the strong reactions to personal opinions.
The Minister of the Federal Capital Territory (FCT) Nyesom Wike has directed the Six Area Council chairmen to constitute surveillance teams in their respective domains to curb illegal mining activities and enhance security in the FCT. He also urged the chairmen to focus on generating internal revenue for development purposes rather than solely relying on the national budget.
No fewer than 83 health workers have been kidnapped by bandits in the last eight years in Katsina State, Nigeria. Medical and Health Workers Union of Nigeria (WHWUN) Chairman, Comrade Mannir Mohammed Suleiman, revealed this disheartening statistic at a recent dinner in honor of Dr Shamsuddeen Yahaya, the reappointed Executive Secretary of the state Primary Health Care Agency. Suleiman highlighted that 65 health workers were released after ransom payments, while 16 others lost their lives during the abductions. With concerns for the safety and welfare of healthcare professionals increasing, the Union called on the state government to review staff registers and overall support for health workers in areas plagued by insecurity.
Anambra State, with its numerous advantages and investor-friendly environment, has become an attractive destination for both foreign and local investors. Governor Charles Chukwuma Soludo recently outlined the state's priority areas for development and emphasized the government's commitment to turning Anambra into a thriving hub for investment.
Christopher Emefiele, an international businessman, has vehemently denied any involvement in siphoning money for Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN). In a statement released by Christopher's spokesperson, it was clarified that there is no blood link between the two Emefiele families and that the false information circulating in the media has caused an identity crisis for Christopher. The statement calls for ethical reporting and highlights that Christopher and Godwin Emefiele had never even met.
Nigerian Exchange Limited (NGX) has emphasized the importance of financial literacy and awareness in reducing the growing number of unclaimed dividends in the capital market. Efforts by the Securities and Exchange Commission (SEC) to tackle the issue have faced obstacles, with unclaimed dividends reaching N190 billion. The recent retail investors webinar, held in collaboration with Futureview Asset Management Limited, aimed to educate investors on processing outstanding dividends and retrieving their unclaimed dividends.
The Nigerian Exchange Limited (NGX) has been ranked as the second best-performing exchange in Africa in the second quarter of 2023. Despite concerns about inflation and weak macroeconomic conditions, the Nigerian stock market has remained strong, attracting investors' confidence. The bullish trend can be attributed to favorable policies introduced by President Bola Tinubu's administration and the recent formation of the country's economic cabinet. Analysts anticipate a broadly favorable market in the second half of 2023, projecting strong earnings performance for listed Nigerian corporates.
The Edo State government is set to tap into the vast untapped potential of solid minerals in the state. With abundant deposits of coal, lithium, and dolomite, the state can generate billions of dollars in revenue. To achieve this goal, the government has established new units in the Ministry of Mining and Energy. The commissioner for mining and energy, Hon. Enaholo Ojiefoh, shared these plans during an interactive session with the press. The government aims to create a comprehensive database of investments, opportunities, and stakeholders in the mining sector to facilitate the harnessing of these resources.
Nigeria's appeals court has dismissed the opposition's challenges to overturn President Bola Ahmed Tinubu's election victory. In a highly contested ballot, Tinubu secured the presidency after winning 37 percent of the vote. The opposition parties plan to take the case to the Supreme Court. Despite criticism from opposition parties, Tinubu welcomed the ruling and called for unity among parties.
A lack of financing is hindering Africa's transition to a green and fair future. Despite being rich in natural resources and having great potential for renewable energy, the continent receives only 2% of global clean energy spending. The International Energy Agency (IEA) and the African Development Bank Group have called for a doubling of energy investment in Africa by 2030, with two-thirds of that going into the clean energy sector. It is essential to increase funding and create an investment environment that encourages private investors to participate in clean energy projects.
Anchor, a Nigerian banking-as-a-service (BaaS) provider, has secured $2.4 million in seed funding led by Goat Capital. The fintech offers APIs, dashboards, and tools to help developers embed banking solutions. Anchor aims to deliver personalized services and flexibility at a lower cost while addressing financial inclusion in Nigeria's rapidly changing digital banking landscape. With over 270 clients, the YC-backed firm has generated $550 million in annualized total transaction volume. It plans to improve compliance systems, invest in value-added products, and onboard more customers following the latest funding round.
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