Reps Ask CBN to Enforce Use of Coins as Legal Tender.

MoneyNational AssemblyNewsReps Ask CBN to Enforce Use of Coins as Legal Tender.

Beloved John (Staff Writer)March 22, 2022

ABUJA — The Nigerian House of Representatives has asked that the use of coins be enforced as a legal tender. The lawmaker urged the Central bank of Nigeria (CBN) to tackle price inflation and trigger economic stability with the use of coins. The resolution was passed during the plenary session on Tuesday following the adoption of a motion sponsored by Muda Umar from Bauchi state. According to the legislator, the non-usage of coins negatively affected...

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Ife Indigenes Kick Against OAU’s New VC’s Appointment, Invade Campus With Fetish Objects, Charms

EducationJobsNewsIfe Indigenes Kick Against OAU’s New VC’s Appointment, Invade Campus With Fetish Objects, Charms

By Ezinwanne Onwuka (Senior Reporter)March 22, 2022

ILE-IFE — Protests by some indigenes of Ile-Ife over the appointment of a new Vice-Chancellor for Obafemi Awolowo University (OAU) turned ugly on Monday as some of the protesters invaded the campus, armed with charms and other fetish objects. On Thursday, March 17, the university governing council, led by its chairman, Owelle Oscar Udoji, announced a professor of Agricultural Economics, Professor Adebayo Simeon Bamire, as the 12th substantive Vice-Chancellor. But some indigenes of the varsity’s...

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Portable Bags N50m Endorsement Deal with Obi Cubana

BusinessEntertainmentMusicPortable Bags N50m Endorsement Deal with Obi Cubana

Bada Yusuf Amoo (Correspondent)March 22, 2022

LAGOS — Nigerian street singer, Habeeb Okikiola, popularly known as Portable, has bagged an endorsement worth N50 million deal with socialite, Obi Iyiegbu, popularly known as Obi Cubana. Portable who shared videos of the endorsement on his Instagram handle was in the company of Obi Cubana wearing shirts of the brand he will be representing. The Zazu Zeh crooner will be endorsing a new herbal drink recently launched by Obi Cubana. Announcing the endorsement on...

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Retirement: Time And Ways To Plan For Retirement in Nigeria

InvestingLifestyleRetirement: Time And Ways To Plan For Retirement in Nigeria

Ije Ulasi (Regional Correspondent)March 22, 2022

Planning For Your Retirement Life may be in phases but its success is cumulative, not independent; a weak link can crash a great dynasty as a chain is as strong as its weakest link.   Promoting culture and the need for saving for the future, the Igbos a major tribe in Nigeria, known for their deep and meaningful adages says, “nkụ onye kpara n’ọkọchị ka ọ na anya n’udu mmiri,” freely translated as ones actions...

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Chinmark Group Withholds Over 4,000 Investors’ ‘Billions’, Aggrieved Investors Drag Marksman, Pst. Timothy Benedict, Others On Social Media

BusinessInvestingChinmark Group Withholds Over 4,000 Investors’ ‘Billions’, Aggrieved Investors Drag Marksman, Pst. Timothy Benedict, Others On Social Media

By Ezinwanne Onwuka (Senior Reporter)March 22, 2022

About 4,500 aggrieved investors have lashed the Chief Executive Officer and Chairman of Chinmark Group, Marksman Chinedu Ijiomah, over unpaid funds invested in the company despite the March 19 deadline given for refund to investors. Caught in the web also includes a social media influencer and brand ambassador for the “investment company”, Amanda Chisom; Harrison Gwanishu, another social media promoter of Chinmark; as well as the spiritual pillar of Chinmark, Pastor Timothy Benedict, lead pastor...

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NNPC To Deduct N242.53bn Fuel Subsidy From FAAC Account This Month

BusinessNewsOil & GasNNPC To Deduct N242.53bn Fuel Subsidy From FAAC Account This Month

Bada Yusuf Amoo (Correspondent)March 21, 2022

ABUJA — The Nigerian National Petroleum Company Limited has said it will deduct N242.53 as subsidy for Petroleum Motor Spirit (PMS), popularly called petrol, from the federation account for the month of March. Although it described the proposed subsidy deduction as a value shortfall, the oil firm stated that the fund would be recovered from February 2022 proceeds due for sharing in the March 2022 Federation Account Allocation Committee meeting. The NNPC disclosed this in...

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Nigeria’s Debt Profile Hit N39.5 Trillion

EconomyNewsNigeriaNigeria’s Debt Profile Hit N39.5 Trillion

Hassan Umar Shallpella (Regional Correspondent)March 18, 2022

ABUJA — Nigeria’s Total Public Debt which as of December 31, 2021, was N39.5 Trillion represents the total External and Domestic Debt of the Federal Government of Nigeria, 36 State Governments, and the Federal Capital Territory (FCT). The Debt Management Office (DMO) in a statement indicates that the New Borrowings were raised from diverse sources, primarily through the issuances of the Eurobonds, Sovereign Sukuk, and FGN Bonds. These capital raisings were utilized to finance capital...

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MC Oluomo Tells Followers to Issue Lagos Government Tickets to Motorists and Not NURTW Tickets

BusinessNewsTaxationMC Oluomo Tells Followers to Issue Lagos Government Tickets to Motorists and Not NURTW Tickets

Bada Yusuf Amoo (Correspondent)March 17, 2022

LAGOS — The embattled chairman of the National Union of Road Transport Workers, Lagos State Chapter, Musiliu Akinsanya, popularly known as MC Oluomo, has ordered his lieutenants to stop issuing the NURTW tickets to motorists in the state. The suspended Chairman also directed his foot soldiers at bus stops and parks in the state to only issue a certain N800 daily ticket to each commercial vehicle as ordered by the Lagos State Government in January...

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Women Should Work Hard for Their Money and Not Depend on Men – Didi Ekanem

Gender & EquityJobsLifestyleWomen Should Work Hard for Their Money and Not Depend on Men – Didi Ekanem

Bada Yusuf Amoo (Correspondent)March 14, 2022

LAGOS — Actress, Didi Ekanem, has advised women to work for their money, rather than depend on any man. While speaking in an interview on Sunday, she said, “It is important for a woman to work for her money. There is no point in any woman to depend on a man for money. I don’t know how to ask for favours and I refuse to ask men for money. I am happy that my money...

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NGO Asks Buhari to Replace Heads of NMDPRA, NNPC

JobsNewsOil & GasNGO Asks Buhari to Replace Heads of NMDPRA, NNPC

Beloved John (Staff Writer)March 10, 2022

ABUJA — A non-governmental organization identified as Youths Arise Undiluted Leadership and Development Initiative (YAULD Initiative), has demanded the replacement of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA) and the Nigerian National Petroleum Corporation (NNPC). The organization asked President Buhari to replace the duo, noting that an apology would not resolve the problem. Akharame Lucky, national coordinator of YAULD Initiative, indicated this on Thursday at a media briefing in Abuja....

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