Nigerians Turn To Loan Sharks Due To Limited Credit Access Says Minister

Nigerians Turn to Loan Sharks Due to Limited Credit Access, Says Minister

By / Finance News /

The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, highlighted the growing concern of Nigerians resorting to loan shark applications due to limited access to credit. This trend, he noted, exacerbates the poverty situation. Dr Tijani voiced this concern during the unveiling of a new digital bank, Kayi Bank, in Abuja. He emphasised …

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Labour Party Demands Replacement Of Imo Rec And Credible Governorship Election

Labour Party Demands Replacement of Imo REC and Credible Governorship Election

By / Politics /

In anticipation of the upcoming Imo State governorship election in November, supporters of the Labour Party staged a peaceful protest, demanding a credible, accessible, and fair election. They also called for replacing the state’s Resident Electoral Commissioner (REC). The protesters, bearing banners and placards, voiced their concerns at the entrance of the Independent National Electoral …

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24 Year Sentence For Italian Who Fatally Assaulted Nigerian In Broad Daylight

24-Year Sentence for Italian Who Fatally Assaulted Nigerian in Broad Daylight

By / Diaspora News /

Filippo Ferlazzo, an Italian individual, has been handed a 24-year prison sentence for the brutal killing of Alika Ogorchukwu, a 39-year-old Nigerian based in Italy. The tragic incident occurred in July 2022 in Civitanova Marche, located in the Province of Macerata’s Marche Region. Abike Dabiri-Erewa, the Nigerians in Diaspora Commission (NIDCOM) ‘s Chairman, confirmed this …

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Ebonyi Governors Dual Membership Allegations Stir Controversy

Ebonyi Governor’s Dual Membership Allegations Stir Controversy

By / Politics /

Mr Silas Onu, a member of the Peoples Democratic Party (PDP) in Ebonyi State, has raised concerns over Governor Francis Nwifuru’s political affiliations. Onu claims that while Nwifuru contested under the All Progressives Congress (APC) banner, he continued to pay PDP membership dues until March when the governorship election took place. This revelation comes in …

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Tragic Accident Claims Lives Of Two Lautech Students And Driver In Osun

Tragic Accident Claims Lives of Two LAUTECH Students and Driver in Osun

By / Road Safety /

A devastating auto crash occurred on Wednesday night along the Osogbo/Ilobu Road in Osun State, resulting in the tragic death of two students from the Ladoke Akintola University, Ogbomoso, Oyo State, and a commuter bus driver. Five other passengers were rescued by the Osun Ambulance Scheme, who responded promptly to the distress call. The students …

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Fg States And Lgs Secure N1.1Tn In August Revenue

FG, States, and LGs Secure N1.1tn in August Revenue

By / Finance News /

The Federation Account Allocation Committee (FAAC) has distributed N1.1 trillion from the August 2023 Federation Account Revenue among the Federal Government, States, and Local Government Councils. The Office of the Accountant General of the Federation disclosed this information. The FAAC, in its September 2023 meeting, detailed the breakdown of the “N1100.101 billion total distributable revenue”. …

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Fg Aims At Wealthy Citizens With Revamped Tax Strategy

FG Aims at Wealthy Citizens with Revamped Tax Strategy

By / Economy /

The Federal Government is set to revamp the country’s tax system, focusing on placing a more significant tax burden on the affluent while reducing corporate taxes. This initiative is a segment of President Bola Tinubu’s economic reforms, targeting an increase in the country’s tax revenue from 11% of Gross Domestic Product (GDP) to 18% within …

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3Bn Loan Aims To Fortify Naira Amidst Fluctuations

$3bn Loan Aims to Fortify Naira Amidst Fluctuations

By / Economy /

On Thursday, the National Economic Council (NEC) confirmed that the $3bn emergency loan for crude oil, which the Federal Government secured in August, will be utilised to bolster the naira. The currency’s value has been unstable in the Investor’s and exporters’ window and has further deteriorated in the parallel market, reaching N1000/$ earlier this month. …

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Engaging Podcast Consumption Nigeria And S. Africa Lead In Africa

Engaging Podcast Consumption: Nigeria and S. Africa Lead in Africa

By / Technology /

Spotify, the renowned online streaming platform, has identified South Africa, Nigeria, Kenya, Ghana, and Angola as the leading African countries in podcast consumption. Ncebakazi Manzi, Spotify’s Podcast Manager for Sub-Saharan Africa, shared this information in a statement marking the International Podcast Day, observed on September 30. Notably, Nigeria’s podcast listenership has surged by 222% from …

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Nigerias Petrol Quality And Pricing Lure Smugglers Says Customs

Nigeria’s Petrol Quality and Pricing Lure Smugglers, Says Customs

By / National News /

The Nigeria Customs Service has revealed that the quality and competitive pricing of Nigeria’s Premium Motor Spirit (PMS), commonly known as petrol, are the primary reasons for the continuous smuggling of the product out of the country. The service also reported a 70% increase in its monthly revenue, rising from an average of N202bn to …

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