Obi Cubana Promises 20 Secondary School Classmates N2m Each At A Reunion

BusinessMoneyNewsObi Cubana Promises 20 Secondary School Classmates N2m Each At A Reunion

Bada Yusuf Amoo (Correspondent)April 9, 2022

Nigerian Businessman and socialite, Obi Iyiegbu, popularly known as Obi Cubana, has promised to give the sum of N2m each to 20 of his secondary school classmates, who are struggling financially. In a video, the socialite urged his other secondary schoolmates to set up a trust fund that will cater to the poor amongst them. Cubana said, “Life is not just about taking pictures and posting on Instagram. I mean, many people think that we...

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Ghana Bans Transactions In Foreign Currencies To Protect Cedi

EconomyGhanaNewsGhana Bans Transactions In Foreign Currencies To Protect Cedi

By Ezinwanne Onwuka (Senior Reporter)April 8, 2022

The Ghanaian government has banned spending and transaction of businesses in U.S dollars, Pounds, and other foreign currencies in the country. In a public statement on Thursday, the Bank of Ghana (BoG) warned citizens and companies to stop transacting business, pricing goods and services and advertising in foreign currencies. The apex bank noted that it is illegal for individuals, companies, institutions, and others to engage in foreign exchange business without an appropriate licence from the...

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FG Detects 1,500 Federal Workers with Fake Appointment Letter

JobsNewsFG Detects 1,500 Federal Workers with Fake Appointment Letter

Bada Yusuf Amoo (Correspondent)April 6, 2022

The Federal Government has discovered over 1,500 workers who joined the Federal Civil Service with fake appointment letters in the past year. Over 1,000 culprits were said to have been discovered in one ministry while 500 others found in other ministries, departments and agencies during a service-wide verification exercise will be delisted from the Integrated Personnel and Payroll Information System. The Head of the Civil Service of the Federation, Dr Folasade Yemi-Esan, made this known...

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FG Disburses N200,000 Grant to Local Producers of Assistive Devices

BusinessHealthFG Disburses N200,000 Grant to Local Producers of Assistive Devices

PilotnewsApril 6, 2022

LOKOJA — The Federal Government has disbursed N200, 000 each to some identified local producers of assistive devices across the 36 states of the federation. Hajia Sadiya Umar Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development (FMHADMSD) said this at a three-day capacity building workshop for Local Producers of Assistive Technologies (AT) in Lokoja, Kogi. The minister explained that the ministry in collaboration with state governments had earlier in 2018, through a forum...

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Enugu Govt. Appoints Prof. Nnabugwu Okolie As ESUT Vice-Chancellor

EducationJobsEnugu Govt. Appoints Prof. Nnabugwu Okolie As ESUT Vice-Chancellor

Ije Ulasi (Regional Correspondent)April 5, 2022

ENUGU — The Enugu State Government has appointed Professor Aloysius-Michaels Nnabugwu Okolie as the new Vice-Chancellor, VC, of the Enugu State University of Science and Technology, ESUT with effect from Monday, April 4, 2022. Professor Okolie holds a Bachelor of Science degree (B.Sc.) in Political Science/Administrative Studies, a Master of Science (M.Sc.), and Doctor of Philosophy (Ph.D.) degrees in International Relations. Okolie, a Professor of Political Science and International Relations until his appointment was the...

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NIN: FG Orders Telcos to Bar Outgoing Calls On Unlinked SIMs

BusinessNewsTelecommunicationNIN: FG Orders Telcos to Bar Outgoing Calls On Unlinked SIMs

Bada Yusuf Amoo (Correspondent)April 4, 2022

ABUJA — The Federal Government has ordered telecommunication companies in the country to bar all outgoing calls on all unlinked lines from Monday, April 4, 2022. Unlinked lines are Subscriber Identity Modules (SIMS) not yet registered and linked with the National Identification Number (NIN) by users. The government’s directive was announced in a statement jointly signed on Monday by the Director of Public Affairs at the Nigerian Communications Commission (NCC), Ikechukwu Adinde, and the Head...

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FG Waives Three Years Tax for 33 Companies, Bans 10 Other Firms

EconomyNewsTaxationFG Waives Three Years Tax for 33 Companies, Bans 10 Other Firms

Bada Yusuf Amoo (Correspondent)April 4, 2022

ABUJA — The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released by the Nigeria Investment Promotion Commission. The reports also revealed that investments made by the 33 companies during the year amounted to N543.88bn. It also noted that the government declined the applications submitted by 10 investing firms including the popular FinTech, Flutterwave, during...

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SIM-NINs Links Ends Today

BusinessNewsTelecommunicationSIM-NINs Links Ends Today

Hassan Umar Shallpella (Regional Correspondent)March 31, 20222

ABUJA — The extension granted to telecom subscribers across Nigeria to link their Subscriber Identity Module (SIM) with their National Identity Numbers (NINs) ends today. The March 31, 2022 extension was granted last December by the Federal Government after the earlier deadline had elapsed. Last year, the Minister of Communications and Digital Economy, Prof. Isa Pantami, had conveyed the approval of the Federal Government to extend the deadline for the NIN-SIM data verification till March 31,...

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Obasanjo Says Economic Situation In Nigeria Is Frustrating

EconomyNigeriaObasanjo Says Economic Situation In Nigeria Is Frustrating

Bada Yusuf Amoo (Correspondent)March 31, 2022

ABEOKUTA — Former President Olusegun Obasanjo on Wednesday described the economic situation for many small businessmen and women in Nigeria as frustrating. Obasanjo said the situation had made his friend, a legal luminary, Afe Babalola, weep. The former President said this at the Youth Development Centre of the Olusegun Obasanjo Presidential Library Credit Scheme held in Abeokuta. Obasanjo, during the programme, presented over N1m cheques to beneficiaries of the centres for start-up businesses.  While sharing...

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Senate Directs MultiChoice To Reduce Prices Of DStv, GOtv Packages

BusinessFilm & TVSenate Directs MultiChoice To Reduce Prices Of DStv, GOtv Packages

By Ezinwanne Onwuka (Senior Reporter)March 30, 2022

ABUJA — The Senate has asked MultiChoice to reduce the prices of its DStv and GOtv packages owing to the prevailing economic circumstances of the country. It would be recalled that last week, Multichoice announced that from April 1, 2022, the prices of both DStv and GOtv subscriptions would increase due to the rising costs of inflation and business operations in Nigeria. But during the plenary on Wednesday, March 30, Senator Patrick Abba Moro, a...

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