The federal government has officially kicked off the disbursement of the N50,000 Presidential Conditional Grant Scheme, popularly known as the Trade Grants Scheme, to nano businesses across Nigeria.Nano businesses, defined by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) as enterprises with one or two workers and an annual turnover of less than…
An Ibadan Chief Magistrate Court convened on Wednesday to arraign twenty-nine suspects purportedly linked to the Yoruba Nation movement for their suspected roles in the thwarted incursion of the Oyo State Government Secretariat on April 13.They were brought before the court to answer to seven charges, which included treasonable felony, membership in an unlawful organization,…
The Federal High Court in Lagos State has granted businessman and socialite, Pascal Okechukwu, a.k.a Cubana Chief Priest, N10m bail with two sureties in like sum. The celebrity bar man had earlier pleaded not guilty to tampering and abusing the naira during his trial. Cubana Chief Priest was arraigned before Justice Kehinde Ogundare on three…
The International Monetary Fund (IMF) has adjusted upwards it’s forecast for Nigeria’s economic growth for the year 2024 to 3.3 percent. This revision was announced in the IMF’s World Economic Outlook for April, which was released on Tuesday during the 2024 Spring Meetings of the World Bank and IMF in Washington, United States. The updated…
THE Economic and Financial Crimes Commission (EFCC) is set to arraign a popular Nigerian celebrity, Pascal Okechukwu, better known as Cubana Chief Priest, for allegedly spraying and mishandling the Nigerian currency – naira- at a social event. He will be arraigned on Wednesday, April 17, 2024, before Kehinde Ogundare, a justice of the Federal High…
The Federal Government through the Ministry of Industry, Trade and Investment has commenced disbursement of the Presidential Conditional Grant Scheme to verified applicants.The trade minister Doris Anite, disclosed that some beneficiaries had received their grants, adding that another disbursement will be made to verified applicants by Friday, April 19. The FG, although the Bank of…
The former governor of Kaduna State, Nasir el-Rufai, has called on President Bola Tinubu to sack appointees who do not deliver on their assignments. The ex-governor said this while addressing journalisrs on Monday in Maiduguri, the Borno state capital.He urged the president to look into the potential of adjusting some of his initiatives that are…
The National Association of Government General Medical and Dental Practitioners (NAGGMDP) has urged the Federal Government to extend the retirement age of medical practitioners to 70 years to enable them to impact more knowledge on the upcoming doctors. The body of doctors made the call on Monday in a communique issued at the end of…
The Naira, yesterday, appreciated N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend. Also, the Naira appreciatef in the Nigerian Foreign Exchange Market, NAFEM, to N1,136.04 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,136.04 per dollar from N1,143.38 per dollar last week Friday,…
The Economic and Financial Crimes Commission (EFCC) has exposed fraudulent activities related to Covid-19 funds and the Abacha loot, amidst mounting concerns over financial mismanagement within the Ministry of Humanitarian Affairs, Disaster Management and Social Development. The Commission in a statement on Sunday addressed the growing concerns surrounding its ongoing investigations into suspected financial mismanagement…
