BWN

BWN

NEITI
COVER NEWSLETTER OIL & GAS

The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday called on the federal government to immediately abolish the Excess Crude Account (ECA) and transfer the balance to the Nigerian Sovereign Investment Authority (NSIA). The agency noted that one of ...
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CBN
BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria (CBN) has withdrawn a total of N118 billion from the accounts of some banks for falling short of the cash reserve requirement (CRR) as well as the stipulated loan to deposit ratio (LDR), ...
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TikTok
NEWSLETTER Technology & Business

TikTok has said it will quit Hong Kong after China imposed a new security law on the city. “In light of recent events, we’ve decided to stop operations of the TikTok app in Hong Kong,” a spokesman told ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

Equities trading on the Nigerian stock exchange opened on a negative trend on Monday with the market capitalisation dropping by N12 billion. The Market Capitalization closed at N12.57trillion on Monday as against N12.69trillion on Friday last week. The ...
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FG
COVER MEDIA NEWSLETTER

The Federal Government has approved 60 percent debt forgiveness for all debtor broadcast stations in the country to cushion the effects of COVID-19 on the industry. The Minister of Information and Culture, Alhaji Lai Mohammed, announced this on ...
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Stanbic IBTC
BANKING & FINANCE NEWSLETTER

Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has upgraded its mobile app by introducing exciting features to enable seamless transactions for its customers. The one-stop mobile app, tagged Super ...
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COVID-19
COVER COVID-19 News NEWSLETTER

Nigeria has announced 575 new cases of COVID-19, bringing the total number of persons who have tested positive in the country to 29,286. The Nigeria Centre for Disease Control (NCDC) announced this on Monday night through its official ...
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International Students May Need to Leave US
INTERNATIONAL NEWSLETTER

International students may need to leave US if their universities transition to online-only learning International students who are pursuing degrees in the United States will have to leave the country or risk deportation if their universities switch to ...
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Third mainland bridge
NEWSLETTER TRANSPORT & LOGISTICS

The Federal Controller of Works in Lagos, Mr Olukayode Popoola, on Monday said consultations were on for another phase of repair works to begin on the Third Mainland Bridge. Popoola told the News Agency of Nigeria (NAN) that ...
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Ibrahim Magu
COVER NEWS NEWSLETTER

The Department of State Services (DSS) has allegedly arrested Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC). His arrest comes a few days after Abubakar Malami, attorney-general of the federation (AGF), accused the anti-graft ...
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FG Lacks Resources To Deliver on Development Ambitions
NEWSLETTER POLITICS & GOVERNMENT

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the federal government does not have the resources to deliver on development ambitions and the infrastructural projects it had committed to as a result of ...
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Fayose
LEGAL NEWSLETTER

A Federal High Court sitting in Lagos has adjourned the trial of former Governor of Ekiti State, Ayodele Fayose to October 20. Fayose was present in court on Monday but the case failed to go on. The court ...
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Woodberry
INTERNATIONAL NEWSLETTER

The Federal Bureau of Investigations (FBI) has filed a case alleging that Olalekan Jacob Ponle, who was arrested alongside Huspuppi, defrauded US firms of millions. Police authorities had earlier shared footage of how Hushpuppi and his 11 cronies ...
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Secretary To Ondo State Government Resigns
NEWSLETTER POLITICS & GOVERNMENT

Ifedayo Abegunde, Secretary to the Ondo state government, has tendered his resignation. In a letter dated July 6, 2020, Abegunde thanked Rotimi Akeredolu, the governor, for giving him the opportunity to serve. He did not give any reason ...
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Alleged Loss of Revenue
NEWSLETTER POLITICS & GOVERNMENT

The House of Representatives will today commence investigative hearing on 24 commercial and non-commercial banks as well as 14 international oil companies (IOCs) over an alleged loss of over $30 billion revenue annually due to leakages. The investigative ...
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5G Network
NEWSLETTER Technology & Business

Huawei said it remains “open to discussions” with the British government and is working with its customers to manage the proposed U.S. restrictions so Britain can maintain its lead in 5G. The U.S. Department of Commerce has announced ...
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Ngige
COVER LABOUR NEWSLETTER

The management of the Nigeria Social Insurance Trust Fund (NSITF) says Chris Ngige, minister of labour and employment, approved the controversial N3.4 billion for the training of staff. Last week, Ngige suspended the management over “misappropriation and other ...
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Inuwa Abdulkadir
COVER NEWSLETTER POLITICS & GOVERNMENT

Inuwa Abdulkadir, immediate past vice-chairman of the All Progressives Congress (APC) north-west, is dead. TheCable learnt he died at Usman Danfodiyo University Teaching Hospital, Sokoto, in the early hours of Monday after a brief illness. He was 54. ...
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Indefinite Strike
MEDICAL & HEALTHCARE NEWSLETTER

Doctors in Cross River State have embarked on an indefinite strike over COVID-19 concerns in the state. The doctors, under the aegis of the Nigeria Medical Association, announced their decision to embark on an industrial action via a ...
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Repatriation
NEWS NEWSLETTER

Two hundred and thirty-eight Nigerians who were stranded in Turkey arrived at the Nnamdi Azikiwe International Airport, Abuja on Sunday. The Nigerians in Diaspora Commission (NIDCOM) confirmed their arrival in a tweet on its official handle. It explained ...
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